MANAUSDT
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..
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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.