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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.
M
by Crypto_Mayhem
1
MANAUSD, bearish rising wedge or upward channel?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome. Trend = bullish (HH, HLs). Notes: - Potentially forming a rising wedge here, which could point towards reversal, with price struggling to make HH - Alternatively, a channel has been forming, with MANA currently at halfway point - Currently struggling around D1 resistance. If break/close above bullish continuation in the cards Ideas: - - Currently struggling around D1 resistance. If break/close above bullish continuation in the cards, would enter a trade there - If channel is accurate, expect move towards upside of the channel after breaking D1 R - See note above, if rising wedge is accurate, could break down
Long
by Sidders
MANA is ready to set new all time highHey friends, hope you are well and welcome to the new update on Decentraland token. In my previous article, we have seen that the MANA was moving in a down channel and I predicted that this time it will break out the channel. Now if we take a look at the live daily chat, then finally MANA has broken out the channel and also broke out 25, 50, and, 100 simple moving averages. Now it is stuck at 200 SMA. If the price action of Decentraland will not be able to break out the 200 simple moving average then it may re-test the resistance of the channel as support. Long-term SMAs: On the long-term weekly chart, the price action of Decentraland is trying to break out the 25, 50, and 100 simple moving averages. Long-term Ichimoku cloud is bullish now: On the long-term weekly chart, the price action of the MANA token was moving under the strong bearish Ichimoku cloud. Now the cloud has finally turned bullish, therefore, it is a strong possibility that the price action would breakout this cloud with a powerful bullish divergence. Big Shark move: While the Ichimoku cloud has turned bullish the price action of the MANA token is also moving in a potential reversal zone of a very big bullish Shark pattern on a 2-month chart. When the priceline will start moving up from this potential reversal zone then the price action of MANA my cross the all-time high price level as well.
Long
by moon333
3
#MANA Educational Analysis, Buy Only if it breaks downtrend LineMANA is in a long downtrend and rejected many times from the downtrend resistance line. MANA has shown a minor uptrend and if holds the uptrend support line we see more upward moment. MANA must break 295 and hold that level for the further upward moment. If unable to hold above 295 we see MANA going sub 250. The coin is now at the deciding zone, let's see what happens next. A breakout will open the targets and we see a quick push towards 500-600. The post is just for educational purpose
by Bitcoinik
6