MANA Decentraland: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Decentraland (MANAUSD).
The chart is self-explanatory. Please review the chart for all my notes.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Resistance Zone, Ichimoku Cloud, Volume, Simple Moving Average.
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I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
MANAUSDT
MANA/USDT SHORT SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this MANA/USDT technical analysis update. MANA breaks down from the descending triangle in the daily time frame and currently retesting it. I'm expecting a nice drop from here.
Entry range:- $2.4-$2.5
Target1:- $2.1
Target2:- $1.7
Target3:- $1.4
Target4:- $1.1
SL:- If the daily candle closes above $2.5 then I'll exit.
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Almost done with the right shoulder completion. MANA imminent. As I’ve stated across the board, MANA, like the rest, is currently perfectly drawing us a Head and Shoulders that spans quite some time. We are nearly to the last burst upward to 2.8-3.0 before the waterfall. Set stop losses. Do your due diligence. This is not financial advice.
MANAUSDT_2022-01-31_17-36-21Hello Guys,
Before we start discussion i would be glad if you share your feedback in comments & ask for any coin for analysis.
Mana is climbing up continuously toward its Upside & now reached its resistance
If Mana breakout its resistance then will go up 1.7$
incase Mana break its support then will go directly to 1.5$
so we can make a profit on both sides by opening long & short trade.
So enjoy good trade & say me thanks.
MANA, false breakout as a good selling opportunity!A key level can be identified on the MANA chart. The price broke through this level, but immediately closed below this level. This is a false breakout. You can also note the large volume at the top. This is a negative signal. Therefore, a false breakout can be a good opportunity to open a sell position.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
MANAUSDT - SETUPMANAUSDT price has bounced from a critical support zone and going with positive momentum. Although the price stuck the falling trendline and dropped, we are still hopeful that bulls have some edge above bears, So if they succeed to cross the trendline then they can push the price towards 3.0.
MANA/USDT correction could be over if......Hey guys.
If and only if Decentraland could maintain above red line, the correction would be over and there would be a good longing opportunity on pullback to the red line. So, let's pay a good attention to MANA/USDT and wait for a close above 0.786 Fibonacci level to call the correction over.
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MANA pullback or break out?📊 #MANA/USDT
$MANA is inside parallel channel
price is above middle line, near to touch upper line that is the same with resistance zone around $2.8.
🐮 break out from resistance zone will increase price to $3.5
🐻 rejection from resistance zone will drop price to support around $2.
🐻🐻 and break down from support will drop price to $1
ETHBTC on it's important trendline support* The below ascending trendline is acting as a important support for ETHBTC. Every time the price tests the trendline it bounces back creating a new higher-high.
* Now if the price gains support and creates a strong rejection candle on the trendline we can again see a pull back till the given Fib levels
* If price moves below the trendline it can drop till Support 1 and Support 2.
Decentraland - Just A Thought, If BTC Goes Lower (MANA/USDT)Just a thought, if BTC goes lower.
Bear market until mid 2022? Who knows, but wht we do know, is if BTC drops lower, Alts will follow, with more pain. MANA is not exempt from this,
Weekly:
- Falling wedge
- Lower support looks like it wants a retest.
- Overall bearish, and papa BTC seems just as uncertain.
IF BTC rallies, expect alts including Mana to follow, likewise, if BTC goes bear, so does MANA. Good short oppertunity? Perhaps.
Potential Long SetupInverse HnS target listed with more room to run until next major resistance. This is a good set up if it can close above neckline at 2.14. Keep an eye on $btc though because it can cause this to fail quick.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
MANA, FUTURE, DAILY TRADE, SHORT, SIGNAL$MANA has been on our watchlist since the selloff and still pushing against headwinds. Looks like after so many attempts to break above resistance its now more likely to break down from the trendline and an easy set up for a #short #MANA #Decentraland #NOTADVICE #daytrading
WAIT FOR NEXT SUPPORT FOR MANA LOVERSThe end of 2021 is coming. MANA/USDT needs to inhale by touching the next support area. The end of the year becomes an important point for traders where there will be surprises, of course, it can be good or bad news. but for crypto like MANA/USDT, there are still pretty good hopes for the next years. so I share a suggestion to BUY/LONG if the price hits the green area (take a look at the chart).
The crucial buy point of this coin is $2.66 - $2.53, you can buy MANA/USDT in this area. WHY? Because MANA/USDT needs to reclaim Fibonacci 0.618. then, you can sell it from $4.02 - $4.27, with or without leverage, PLEASE REMEMBER do not use leverage above X3.., every trade action required financial management skills. wise in trading and take your profit.
Thanks. any donation/support with ETH
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