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MANA might have a new ATHAs we recently saw how MANA is being adopted for real-world usage with Barbados nation ( a Caribbean nation) sign contract to make their ambassador on Decentraland. We are talking about a country that is currently ranked 68th out of 215 countries with huge exporting of liquor, jewellery, Cement, Orthopedic appliances. They also have quite good tourism and the top 3 strongest market exchange in the Caribbean. Short story, this country is a solid country but not a no-name. third-world country in somewhere in Africa or South America. As the Barbados ambassador project runs, more MANA would be needed to construct a real ambassador, maintaining and upgrading over time. It would possibly open a new interactive need for new travelers to access the ambassador to process visa and legal needs for tourism. From a fundamental perspective, this is a very solid good project that comes to Decentraland. Regarding the trend with Technical Analysis, we started seeing a reversal trend (red arrow). I think MANA will have a very high chance to obtain a new ATH by end of this year. Considering this is a good present from Mr. Santa Clause. This is not financial advice, and please be responsible with your investment!
Long
by Haizsama
Bull vs BearThe MANA after getting a short pump has once again gone into side-way consolidation. It is interesting to see how the BTC run might affect the future of the MANA. I personally would take the perspective of Holder which prefer to see the price drop to an agreeable range for more entry opportunity. It seems we have very good support from the previous shoulder, however, I still think the bear is going to take over to push the price of MANA downward furthermore. The recent bust of Decentraland trading parcel on opensea has increased 65% and is currently ranked #14 in opensea. The reason why I mentioned this is when you go to the metaverse, there are 2 major things you need to take into consideration are cloud systems and gaming/application. As of now, people are busy buying and selling Decentraland parcels, which means not much MANA would need to be burned yet as the land are still sole in ETH and MANA token only being used to develop or buy items inside MANA metaverse. However, this bear trend is a good accumulation for new investors or people who want to enter if you missed or reinvesting. The reason is 6 months from now when MANA is actually being used and burned to develop on the parcel. Yes, that is right, I think in the current situation Decentraland is in its adoption stage before the tokens are actually being used for real purpose in the metaverse. So I drew 2 scenarios here, a bullish one is when people actually realize the usage of MANA and the power of MANA token in the metaverse; the bearish one is when the hype fades away and people put money without knowing what MANA and Decentraland are for and got their hand to burn hard. After those "to the moon" boys left and BTC run to 120K, the leftover is the true investors which are the backbone of the support lines here. This is not financial advice but merely my perspective, please be responsible with your own money!
Long
by Haizsama
MANA about to break out! - Keep an eye on this! Here's a quick Look at MANA 1 hr chart. As we can see, the price has been forming a falling wedge and we could see a break the upside soon! Keep an eye on this falling wedge! The best entry would be, when the price breaks above falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above falling wedge and take profits at the levels shown in the chart. Targets: 1. 3.35$ 2. 2.47$ 3. 3.75$ 4. 4$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
5
MANA- Chart says YES, My eyes tell me NO ⛔⛔⛔Decentraland has been doing great. The Metaverse frenzy is On, I know. We have had a great trade on this (going Long at 2, closing just before 5$ and going short for a while) but right now I am CONFUSED!!! The chart (Technical analysis) tells me YES, BUY!!! A visit to Decentraland tells me a BIG FREAKIN NO!!! ⛔⛔⛔⛔ NO, Niet, Non, Nein, La, Nee, OXI RE MALAKA!!! ⛔⛔⛔⛔ Why?? Don't be lazy, just jump on Decentraland and take a look around. NOTHING WORKS!!!! I'm out, going after things that work and not this kind of hype. Sorry The Fxprofessor
by FX_Professor
16
MANA! TP reachedWe getting some great % gains! Hope you take some! Feel free to keep holding or sell and buy on the dip. Compound Gains makes a Difference. SHIB it might go as well don’t miss the set up. If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE This one Falls In our research on swing set ups with a good ratio of Risk and Reward. As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio. Subscribe and don’t miss OUT the next research. Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains. Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
COINBASE:MANAUSDLong
by JhonMontana
MANAUSD: Heading to the next ATH?Indicator use: R/S Line Test, TTM Squeeze, Volume, Price Action, 10 + 20 EMA Platform: Coinbase Pro Time Frame Used: 4h Entry: $2.92 LONG Exit: Scale out 50% of position to take back principal + profits as it hits 100% Stop: 15% Stop Loss Set MANA cleared the previous resistance at around $2.95 price level, keep in mind the Volume is still low so this could be a fake breakout as it is retesting the resistance again to clear the ceiling. The market is bullish as MANA gives exposure the Metaverse. As you can see the 10 EMA made its cross over the 21 EMA to the upside. I'm watching for continuation as this coin is showing relative strength while the rest of the market is experiencing a healthy pull back. If it clears then we may see a new ATH as it appears this is an accumulation phase still. My strategy is to always scale out and take profits to expand my portfolio and go in cash to enter on the next dip.
COINBASE:MANAUSDLong
by n_trades
2
Fake Bullish Flag w Dead Cat Bounce (high chance) before real coEarly today 11/10/2021 (US time) or late today 11/10/2021 (Asia time) there was a big sale off made the price of MANA dove down to $2.3. This is a signal of big hand is stop-loss withdrawing from the MANA, it is very obvious MANA would not reach any ATH above $4 anytime soon by end of this year. I would suspect a lot of day-traders on this tradingview platform tricked new investors to buy in right now. I am personally taking an HoDLer approach to see the Resistance 2 need to be retested again before we can see if MANA can pull its wing above $4. The main reason I think it is a fake bullish flag is that there are signs of a dead cat bouncing around. Still, if we are going to the Bullish flag then sure most likely MANA would jump. However, be warned, technical analysis is not everything to look at the graph. You need to understand BTC run cycle is coming near, then ETH runs, so a lot of bleeding effects will happen when a major coin running. The chance of MANA going 5x from now to get that $20B is equal to BTC gaining $1T in the next 12 months. There is no signal that whale or big investor would put more money for MANA above $4. If it is then we should have had at $5 by now, however, the reality is that we are at the $2.6 range and have been sideways for more than a week. It is a crucial time to think through this. The attractiveness of MANA is at $1.6 range but not $2.4. This is not investment advice, this is merely a reflection of my perspective on the current situation! Good luck!
Short
by Haizsama
9
MANA, In Absolute MANJA-PHASE, 10 USD As A Upcoming Target!Hello, Welcome to this analysis about Decentraland under the ticker-symbol MANAUSD, we are looking at the 4-hour timeframe perspectives. In recent times in the cryptocurrency market space, there are boiling up some pivotal altcoins to consider with appropriate opportunities in the middle-to-long-term-basis. Although many altcoins are still in consolidational or bearish phases there are some gems within the market that show the proper technical and fundamental prospects for potential worthwhile setups to come around with, in this case, now I discovered MANAUSD within the main manja-phase and with the formation here that has the ability to complete showing up considerable opportunities along the line. As when looking at my chart we can watch there how MANAUSD printed this major massive absolute exponential-impulse-wave to the upside shooting almost above 600% through the roof in just 3 days and establishing an astonishing paradigm. Now as MANA managed to hold above the 50-EMA in red and the 25-EMA in green it is printing this decisive descending-channel-formation in this structure with a coherent wave-count within, when this wave-count completes and with MANAUSD managing to appropriately bouncing within the area above the ascending-trend-line in blue and within the EMAs this will be the origin of the completion of the channel as a bull-flag and the activation of the next exponential-impulse-wave. Taking all these central factors into the consideration now it will be important to elevate on how MANAUSD completes this whole potential flag-formation and how it continues afterward, in any case as it is always necessary it is highly important to await the completion of this whole formation with a breakout to the upside before moving finally into this concluded directly. Once MANAUSD has completed the whole formation appropriately the 10 USD target will be activated and once this target has been reached MANUSD has to show if it manages to continue with a possible next formation or firstly reverses, for now, we should be prepared in any case on upcoming volatility with this altcoin, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:MANAUSD
by VincePrince
30