CoinLoop AI Signal: Decentraland (MANA) - BUYDecentraland ( MANA ) · Loop A.I.
Indicator: Social volume rapidly increasing. Buy volume increasing. Positive market sentiment.
Signal: Likelihood of price increase: 75%
Manausd
DecentraLand MANA ForecastSpotted an Elliot Wave on 2 hour chart. ABC patter is present. MANA seems ready for another go.
From my end this is a blind prediction and it may not reflect what I've draw due to many factors.
However I am hopeful of the outcome. Also provides an opportunity for swing trading. Take into consideration candlestick patterns and support/resistance positions. Furthermore plot trend-lines, include Stochastic Oscillator & RSI and it should be fairly easy from that point.
I combined Elliot waves, fibonnaci and harmonics pattern to arrive to a conclusion. I did not clutter the chart and decided to plot the Elliot Wave only for simplicity.
Like I said this might be a long shot however everything is possible. This EXACT pattern occured between 16th - 14th December 2017. History has a habit of repeating itself!
This is not an investment advice, always do your own research.
MANA small C&H formation +56% target 0.00002262 BTCSmall Cup and Handle Formation showing a target of +56%. I'm not sure on my time estimates as I have no way to gauge the time for the handle to complete and the rally to begin. Use your best judgement.
Mana on breakout, huge potential of 200% Return.BITTREX:MANABTC
just had breakout. It has huge potential - 250% from now based on the Triangle pattern.
Buy range : 575- 610
Sl : 540
Target : 1800
MACD showing Bullish signals. RSI breakout adds more strength to the call.
Decentraland: Rhythm of PriceI love trading. Everyone sees the chart differently, yet the same thing is displayed to everybody. One method may work for one person and not for another. Why is that you may ask? It is because we are all different. Sounds simple? Yet there are a lot more to that statement. Trading, is simple, if you think about it. There are only 3 pathways it can go; up, down, and sideways. Even then, a lot of us cannot succeed in this market. I truly believe, if you are not succeeding at trading. The reason isn't anything other than you. Until you are able to see a deeper meaning to trading than money, I don't think you will see progress. We are tempted by money, but we succeed by knowledge.
Anyways, little rant I have, back to the chart. My previous post on Decentraland was a success from point to point. I see another opportunity coming up on a smaller time frame that potentially yield a 30%+ win. There are a combination of a bunch of strategies I like to use. Fundamentally, I don't see the need for Decentraland. Does that mean I can't put money in it for a short time? No. When you see an opportunity, you take it!
What are your thoughts?
Trade with care
MANABTC Price Movement NearI see MANA breaking out of the pennant in the bulls favor.
Targets:
720
840
1200
Key Resistance point and points of short consolidation
620-40
700-30
800-850
Stop:
440-482
Decentraland: Short Term BuyI don't like this project, but I do see a potential short term buy setup on this coin. This coin is prone for a pump and dump still because of the market size it possess. What are your thoughts?
Trade with care.
