Decentraland (MANA) formed bullish BAT for upto 15% pumpHi dear friends hope you are well and welcome to the new trade setup of Decentraland (MANA) with US Dollar pair
Prevously I shared a long-term trade setup for MANA, which is still in play as below:
Now on a 4-hr time frame, MANA has formed a bullish BAT pattern for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Manausd
MANA can also decrease to the support If more negative reactions to the resistance levels are observed during this week and selling pressure increases, MANA can also decrease to the support range of $0.5317 by breaking the bottom of the short-term ascending channel. Negative divergence has also been observed on the RSI indicator, which could be another warning sign for a price correction. Among the important resistances of MANA, we can mention $1.05, which is one of the strong reaction levels.
Short-term bullish channelMANA has increased in price by more than 16% in the last 24 hours. The buying pressure that has arisen has caused a new ceiling to be registered again in the daily and 4-hour time frames. Given that the price is in a short-term bullish channel, as long as the bottom of the channel holds at the $0.70 support area, there is potential for MANA to grow further and reach the next target range, which is $0.83. But higher and more important resistance is considered at the $1.05 level, which could be a more serious and important supply area.
MANA/USD: bullish setup toward $0.94 MANA look very interesting to long this cryptocurrency. I decide to make an analysis to trade altcoins. As this it's one of the crypto example to long. I will put a buy order limit in $0.69 cents, Stop Loss fix in $0.6161 USD and take profit to $0.94 cents.
So guys, we hope that Daily candlestick closed up with a bullish signal in the price action to take best decision to long. If we see a bullish signal in the closed up of this Daily candlestick, we can to think that MANA it's going to strength the trend.
I hope that this analysis support you!!!
Good luck!!!
Decentraland: Indecisive 🙅🏼Decentraland is currently moving sideways, being quite tempted by our alternative scenario with a probability of 35%. In this case, the coin would exceed the resistance line at $0.7813 and rise into the blue target zone to finish up the pink wave alt. before heading back South. Primarily, we expect Decentraland to get back on track to fulfill the corrective low of the pink wave within the pink target zone. Once completed, the coin can start its bullish maneuver and climb North.
Static support area of $0.55MANA recorded good price growth during the last weeks. In the previous analysis, this price increase was predicted according to the candles' reversal signs and the RSI indicator. But because the market entered an upward phase, the ceiling of the main descending channel of MANA was also broken, and the price is above the level of $0.58 -$0.66. We can say that the daily time trend of MANA is up. Therefore, pullbacks can create a strong positive reaction to support levels. The price of MANA has entered an ascending channel in the 4-hour time frame. As long as the bottom of the channel is maintained and the static support area of $0.55, we can expect further price growth. So, at this level of support, we can again expect a positive reaction and an increase in demand. Also, if the short-term ascending channel is maintained, MANA can grow to $1.12.
Decentraland MANA showed good growth, but may be a correctionFor more than a year, the value of game tokens has shown perhaps the most painful fall.
But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase.
At the time of writing, the value of MANAUSDT has increased by +166% in 17 days.
In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile.
Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time.
Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead.
If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?"
Please write your answers in the comments below the idea
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It can be supported againMANA has registered more than 17% price growth in the last 24 hours. Resistance in the range of $0.56 to $0.65 was considered for MANA, which was broken by strong candles. If the high price of this area stabilizes, it can be supported again. In this case, the next targets of the buyers will be in the range of 1 to 1.10 dollars. Another point is that the break of the ceiling of the main descending channel was without a pullback, which is a sign of the strong strength of the buyers and the reversal of the trend in the daily timeframe. So if we have a correction, the second support is considered in the $0.50 range.
MANA Long SetupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MANA Long Setuphi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
To unleash the rising power...Hello?
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(MANABTC 1W chart)
In order to release the power of a full-fledged rise, it is necessary to check whether it can rise above 0.0000 3732.
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(MANAUSDT 1W chart)
In order to continue the mid- to long-term upward trend, the key is whether it can rise to the 0.7051-1.0952 range.
(1D chart)
If possible, the question is whether support above 0.6537 can lead to an upward move above 0.7051.
If not, it falls
1st: around 0.58
2nd order: around 0.4970
You need to check if it is supported in the 1st and 2nd sections.
If it falls below the 2nd section, there is a possibility that it will turn into a downtrend.
when it rises,
1st: around 0.8387
2nd order: around 1.0952
It is necessary to check whether the 1st and 2nd sections are touched.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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MY MINIMALIST CHART ANALYSIS FOR MANA$MANA
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
09.01..22
0936H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Entries for a BULL SWING when $BTC starts up and running.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20-30. It has been accumulating for the past 4 months and is in a zone where it is very attractive for BUYERS.
Bitcoin is also holding strong support at the 20k zone and is shy away from being oversold at the point of the previous capitulation.
1. Mana is close to being in the zone of capitulation and is a sign of strong support.
2. Because of FUD, it can push further down to our third entry at its lowest.
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
The price has hit a key resistance in the $0.577-$0.650 rangeMANA has recorded a growth of over 30% in the last 24 hours. The price has hit a key resistance in the $0.577-$0.650 range, and this strong upside move has pushed the price out of the main bearish channel. There is a possibility of a negative reaction and the formation of a range zone for MANA. The trend change has been observed for some time in the daily timeframe, and pullbacks to support points can bring a positive reaction. The first and closest valid support is considered to be in the range of $0.485-0.458, which, hitting this level if there is a positive reaction, can bring the price back to the previous ceiling in the range of $0.650.
MANAUSD Invalidated two bearish patterns. Aiming at the 1D MA200Decentraland (MANAUSD) broke today above two bearish patterns, as shown on this 1D chart, a Channel Down (blue) and a Falling Wedge. At the same time it is trading the higher it has been above the 1D MA50 (blue trend-line) since November 2021 and the peak of the previous Bull Cycle.
All this while the 1D MACD is above the 0.000 neutral point with the green and red histograms rising since August. This is a major bullish break-out for MANA, which is now targeting the 1D MA200 (orange trend-line), which has been untouched since April 05 2022.
The short-term target and Resistance is the 0.382 Fibonacci level but at this point, MANA looks poised to make contact with the 1D MA200 (orange trend-line) for the first time since April 05. A closing above the 1D MA200 would take us officially into the new Bull Cycle. On the short-term the upper Fibs can be used as gap filling targets.
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