Decentraland (MANAUSDT) TA: 22.2.22Mana has strong support in the $ 1.7 range, which can move up to the $ 5.5 range and the uptrend channel if supported.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 22.Feb.22
⚠️(DYOR)
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MANAUSDT
MANA Short Position to 1.85 $Mana CryptoCurrency has created a "Head and Shoulders" pattern at the end of its short-term uptrend, with the price now complementing the pullback to the pattern neckline.
This is an opportunity to enter a safe sell position if you see a price reversal from the neckline range with a Stop-Loss above the neckline stabilization and Targets based on 0.38 and 0.5 Fibonacci in the previous wave (equivalent to $ 2.3 for Considered the first Target and $ 1.85 for the second Target).
Do not forget that Mana is the largest cryptocurrency in Metaverse and due to the positive atmosphere of Metaverse Projects this year, it can change the way rapidly as the market expands.
So always pay attention to the status of bitcoin during the position. This is a personal comment.
MANA has fallen to an important zone, what next?Indeed the market has been on a free fall. Mana is getting its share of the effect of gravity.
Mana has formed an important pattern "M"... this asset is sitting at an important zone which is the neck of the M-pattern.
Looking at my TA, is either MANA breaks through the trendline at the neck of the pattern or the support at that zone holds.
Possibilities.
1. The bearish run continues, break through the trendline and ride to $2.4 zone
2. The support level holds and the bull come back to push this asset to $2.8 -$3 levels.
Warning: RISK MANAGEMENT IS IMPORTANT.
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MANA in a wedgeThis is cleary a wedge in the forming, I've drawn an hypothetical trajectory looking at VLPR. This is a 3 days timeframe but even the daily candlestick presents that kind of bullish shape, if it closes like that we should see a rise and then I think price should go down again because volume is low and VLPR shows there are not many transactions here.
Note that few transactions mean price moves very quickly so should someone buy here we could even see a breakout attempt but I don't think it'll be the case as metaverse coins are suffering.
If I'm right and you want this stuff you should place some bit between 1.9 and 1.6 USDT and let it ride.
Good luck
MANA/USDT SHORT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick MANA/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-MANA/USDT Triangle pattern downside brake and short positions open
Entry:- CMP and buy the green zone
Traget:-15% TO 20%
Stop loss:- $2.94
with leverage:- 5x to 10x
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
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MANAUSDT Projected PathwayBased on my analysis, I believe that MANAUSDT will follow this pathway due to being rejected at 0.618 of Fibonacci Level.
However, market could always go in different direction. Always DYOR before following mine or someone's ideas. Have a safe trade! 🙌
I'm open to any feedback, thanks 👍
MANA : GLOBAL VIEWMANA can be very bullish due to fundamental and their project..
\but i'm still negative on overall market , because monthly MACD of BTC.
we'll see how this play out
.
no professional financial advice
Don't forget to place the SL. at ur acceptable risk. :
TP at about 80% of actual target would be ideal
Trade safe and fun
.
Feel free to comment & share ur ideas
MANA - Sorry Guys, we got smashed YesterdayUnfortunately we can not get all of the right but we will get most of them right as proven.
MANA trade went bad yesterday and we also hit the stop loss. It happens to everyone, it happens to us sometimes too.
In any case, MANA breached over resistance and here is our updated chart.
One Love,
the FXPROFESSOR
MANA: WILL METAVERSE TAKE THE MARKET BY STORM?Some points to mention regarding the chart:
1. The significant role of MA21.
2. The steady and consistent volume, albeit at lower levels compared to the previous bull rally.
3. The 2.5 - 3.5. is of great significance considering the price history in this region. The manner of breakout is consequential.