MANAUSDT
MANA/USDT Technical analysis for Decentraland Mana token !!!If you have any questions on my chart leave a comment down below and if you have any criticism to add to my chart feel free to do so would be much appreciated!
Red line = current support
Yellow line = current strong resistance
Cyan line = Future resistance and 1/2 optimal selling prices
Green line = Future resistance and 1/2 optimal selling prices
White line = what i predict will most likely happen due to a break out and current market conditions such as the market growing
Yellow line = things that have a high possibility of occurring due to strong resistance points and channel collisions
BE CAREFUL OF THE DESCENDING CHANNEL IT MAY BREAK THE CLEAN TRIANGLE AND GO DOWN SO BE SURE TO HAVE A 5% STOP LOSS AT MAXIMUM
not financial advice i just provide graph analysis for fun
Is MANA going to PUMP? Look for liquidity collection!Decentraland (MANA) is the most popular Game-Fi project, so as soon as some news comes out, it is definitely Pump. But what does the technical analysis show?
As we can see by the horizontal volumes of $2.25-2.85 is a huge accumulation zone! A strong bullish signal would be to squeeze under the $2.85 level. Earlier we saw liquidity collection to sell, after which price dropped significantly.
Now we are expecting liquidity collection to buy and a volume growth. This will be a trigger to open long positions.
The first target for this move is the $3-3.10 zone, the second target is the $3.25-3.35 zone.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
I will not burn my hands to it.. Folks,
Here it is the chart on Mana also known als Decentraland...
This is my view and my learnings.. I only look for price action and will never use any (fancy) indicators or even volume..
I don't believe in it..
Every bar has it's own story to tell and it is for you to unlock it..
Feel free to comment, share and make sure you follow me for updates..
MANA/USDT ANALYSISInverse Head and shoulder pattern observed but not completed we can see a triangle bullish continuation pattern on the 15min TF which will complete the head and shoulder pattern, if the triangle pattern doesn't hold, we may see a retest to the neck region of the H&S Pattern, then from there after price action confirmation or a possible continuation pattern w take long to $2.8.
MANA/USDT Technical Analysis Chart#MANA/USDT TA Update:-
$MANA currently trading at $2.45
As per chart also same fractals like previous breakout.
Bullish Flag also forming.
Breakout Point = $3
If Breakout then Targets = $5/$10/$12
Support:- $2
If break down $2 then $1.70 could be best entry.
Always wait for confirmations.