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Manausd

MANAUSD TA Time 21-3-2021Greetings fellow traders! First time TA on Decentraland! I'm a gamer myself. So, this is one of my favorite crypto projects. Obviously I'm bullish. ^_^. Technically speaking we're seeing a pretty big symmetrical triangle on the 1H chart. Looks like EMI 1 is signaling a bullish reversal or confirming a support. If it does, it will confirm the bullish pennant. You know the drill, wait for candles to close significantly above or below resistance or support for confirmations. See charts for potential targets. Good luck, be careful and may the trend gods be with you!
KRAKEN:MANAUSDLong
by bonic
10
MANAUSD - Nearing critical decision point on 4HDecentraland is reaching the point of a larger symmetrical triangle consolidation pattern I've been watching for a while now. Decreasing volume indicates that a move is imminent. If the move has high volume and strength, that would be an indication to look for an entry point. It's also formed a bull flag inside of the larger structure. Within the next 24 hours, it'll make a decision which way to go, either way down, or way up.. not much in between I suspect. Wait for confirmation before entering a position. Target 1 is the measured move of the flag pole from the smaller move up, and Target 2 is the measured move from the impulse move to the top of the symmetrical triangle. Watching for breaks of $1.02, $1.07, and $1.11 as resistance points. Potential 30-60% gains from the move.
BINANCEUS:MANAUSD
by Crypto_Mayhem
6
Decentraland MANA USD 4h - symmetric triangle pattern formingMANAUSD forming a similar symmetrical triangle pattern that other cryptos are right now after seeing big pushes to the upside. This one could take a while to break, barring any news to push the price up based on fundamentals. The most recent attempt to break resistance was rejected at the upper boundary line, so watch for the lower boundary touch to see if the pattern will remain intact. If it does, the bottom line may be a good entry point. If it breaks bearish, the measured move to the downside makes it ripe for a short. If it does not break bearish, the retest of the upper boundary will come sometime in the next 48 hours. Playing the ping pong between the boundaries could be a pretty successful short term strategy while the consolidation continues. Neutral until the retest of either boundary happens, which will dictate the entry point and duration of the trade.
BINANCEUS:MANAUSD
by Crypto_Mayhem
1