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MANA/BTC TA Update (New Uptrend Started?)MANA/BTC MANA bounces off right at the 200 Day MA and currently, the price is skyrocketing new High. The RSI level is about to enter the overbought condition. We may see some pullback retest of old resistance turning into new support at around 410 sats area. Initial target resistance is between 500 - 580 sats regions in case of an over-shot pump. For me, I would love to see another healthy pullback to establish stronger support during its growth in the future.
Long
by PolarHusk
2
MANA / BTC Formed figure Bowl (Saucer) First target + 110%Perhaps a Bowl figure will be formed (Saucer, Rounded Bottom). Target of the figure + 110% Price at historical minimum. 4 months in lateral movement. Price begins to rise slowly. It seems that we are at the beginning of the 3rd phase of the formation of the "Bowl" figure. The first Sales Goals are the “Bowls” resistance level zone. 600-670 satosh. Further on the situation, how the price will fix. Other target levels are the levels of the previous horizontal channel that existed for more than a year. 900, 1200, 1500, 1800 satosh. Stop Loss - the level of support of the "Bowl". (red level) - about 300 satoshi ___________________________________ I will describe this figure a bit: The Saucer shape, or as it is often called the Chalice, the Rounded bottom is a long-term figure that predicts long-term growth that looks like a concave arc. The figure is found on large timeframes. In most cases, on weeks, but on instruments that quickly go through their cycle (cryptocurrency), they can occur on a daily timeframe. The rounded bottom is quite rare, but very reliable bullish pattern. Typically, a pattern is formed at the end of a long-term “bearish trend” and usually gives a signal of a market reversal. It should be noted that the ideal symmetry of the figure is not a prerequisite. The main thing is the presence of its key components: the descent of the price, the bottom, the rise in price and the breaking of resistance. Ideally, the formation of the “Saucer” pattern usually occurs in a narrow price range, in a calm market with the least volatility, when a trend reversal occurs smoothly, without strong price spikes. If, however, price spikes occur, then very soon the price will return to its usual range. The figure signals the long-term nature of the formation of a trend movement. The longer the figure forms in time, the stronger the signal is considered. The most reliable are the figures formed on weekly charts for at least several months. The older the time frame, the more reliable the signal. The rounded bottom is a long-term figure, and can stretch on the chart for a long period. _____________________________ Stages of the formation of the figure. The Saucer figure consists of the following steps: 1) The descent of the price is the first phase of the figure . Price decline trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction. 2) The bottom is the lowest point of prices . It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum. 3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration. 4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into ur _______________________________ Setting sales targets when working with a figure. At the expense of selling goals, there is no exact opinion among traders. You need to understand that this is a long-playing figure and has a pronounced bullish character. In most cases, phase 3 (price rise) ends with phase 4 breaking through resistance and fixing the price above it. Thus fully confirming this figure of technical analysis . But you need to understand that this does not always happen! There are exceptions. It is also important if the price is being traded in your favor, and according to the plan you should already fix the profit, then it is advisable to stay in position while you get additional profit instead of the planned one. There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations. I trade such formations like that. As a rule, I enter the 2nd phase on the “Day”, but then when the trading volume starts to increase (the beginning of the 3rd phase is the ascent). It is very important not to "stay at the bottom" for a long time. Time is money. I leave the position in 2 stages according to the situation: a) I sell a large part of the position at about 70% just before the resistance (before the start of phase 4). b) if the price failed to break through or gain a foothold, I will sell the remaining 30% of the market. c) if the price was able to break through the resistance and consolidate. Resistance has become support. I buy back at the pullback prices the same 70% that I sold in advance before the resistance. Very often the price differs by a couple%. The confirmed new support gives great potential for further growth. It is very important that there is not a big gap between the sale and the purchase. If the price after confirmation of support has gone high - I trade the remaining 30% of the position.
Long
by SpartaBTC
MANA Long PositionGood day traders. I can't stay away from the darn alt coins and MANA is a fav to trade. This is a simple method that I use to buy and sell alt coins (some). I only use daily charts and trade with long term plan but its highly effective when carried out properly. Simple MA strategy adapted for fast moving and volatile as hell crypto. Use 15 MA and 30 MA along with Momentum. When 15 MA crosses 30 MA from below with rising momentum, I buy (green arrows on chart) When 15 MA crosses 30 MA from above with dropping momentum, I sell (red arrows on chart) I don't use signals that come after massive spikes I scale in and out on all trades so I have normally sold most of position before sell signal Momentum setting (25,close) Long trades often stay near buy in zone for several days so patience is key Stop Loss a must with ALL trades and I use a blanket 20% from my lowest buy in No single trade with more than 2% of available capital Current trade began buying today in 0.053 range and will continue to buy from 0.0485 - 0.057. Expecting a long 15/30 MA cross and momentum rising. May take days but I am patient.
BINANCE:MANAUSDLong
by CryptoPsych007
[MANA/BTC] DECENTRALAND IS READY FOR NEXT MOVE [ 25-40% PROFIT]#MANA / BTC ( Bittrex , Binance ) Buy Range : 1400-1430 Stop loss : Daily Close below 1256 sats ( Optional ) Target 1 : 1756 Target 2 : 1979 DAILY CHART : - Well supported by all moving averages - STOCH RSI ready to go up - CCI about to cross into green - MACD about to cross into positive - Nice well supported day candle - Green three about green two and one candle HOURLY CHART : - Well supported by MA200 - CCI extending positive moment - Ichimoku cloud about to be broken right now This coins remains on uptrend and another wave up is very possible on the next days. Good luck !
Long
by MikeCryptoSignals
New Bullish Pattern in Trading History SICKLE PATTERN !!Many Patterns You have watch and see but first time I see and Create new Pattern SICKLE Patterns as Like SCYTHE Patterns. Completely Follow the MANA Coin With Proper make a Handle and Blade with Succusfully Breakout .. What do You Think about this i am very Exicted after create this Beautifull Pattern. Share Your Opinions What do You think about this Beautifull Bullish Pattern. f You Satisfied With My idea and Pattern Then Do not Forgot To Hit Like . Warning- I m Not a Financial Advisore this idea and patterns Only For Educational Purpose Only.
Long
by TRADiNG_hub
4
MANA can bounce in the 200 EMAMain Scenario: Despite having lost -4.53% in the last 24-H MANA has been held by the 200-EMA in this 4-H chart and if it manages to bounce back we could have a long entry to look for profits of at least 3% trying to find the Fib Retracement of 50% of the last descent; The indicators are oversold and pointing up, we could possibly see a pullback in the pair and the start of a short uptrend. Alternative Scenario: The price could cross the Pivot S1 and continue looking for the next support at 0.00001511. Entry/Stop Loss/ Take Profit: We can go long if the price manages to cross 0.00001580 with 2 targets T1 = 0.00001631 (3.2 %) T2 = 0.00001675 (6.0 %) The Stop Loss can be placed at 0.00001517 (-4.3%) Duration: 1-2 Days Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point. Warning Level: A further drop below the Pivot S1 will invalidate this setup. Risk Management: Risk/Reward Ratio: 1.48.
Long
by Forex_Academy
Decentraland Established The UptrendSince 11th of July, Decentraland has been moving steadily upwards producing higher highs and higher lows. On the 17th of July price reached the high at $0.135, which has resulted in a 53% growth in less than a week. Then price corrected won to $0.11, where MANA/USD has rejected cleanly 50% Fibonacci retracement level. Today MANA broke above the ascending channel, suggesting the continuation of the uptrend. There are several resistance levels to watch. First 161.8% at $0.14, second 261.8% at $0.17, and the final upside target and strong resistance is at 361.8% Fibs, that is $0.2.
BINANCE:MANAUSDLong
by CryptoPAMM
MANA/BTC - 3/19/2018Good Morning, Traders! MANA may be in the process of an upward sloping head and shoulders pattern. The neckline was formed with about 4 points and it is now in the process of forming its right shoulder. The current price just tested the resistance level at the 61.8% fib retracement which may have formed the right shoulder already. The volume that is seen during the formation of this shoulder (if it is complete) is not a significant amount and therefore may hinder the effectiveness of the breakout. The breakout is expected to last until the price of 0.00000829, this is measured using the distance between the left shoulder and the neckline. If the right shoulder hasn't completely formed, the formation of the "shoulder" may not be relevant at all because, at that point, the price may just be traveling at an upward trend (the "neckline"). The price touched this line once before the formation of the first shoulder and may do so after the last shoulder, ruling our head and shoulders pattern obsolete. Important Resistance Levels: 1121, 1061 Important Support Levels: 968, 838 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Short
by EQBM
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.
Long
by itradearn
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
Long
by AbdorhmanThi
7