Mana to $7 or $3 first ?Hello all. Interesting pattern formation for mana both on daily and on the 4hr charts.
We have a descending channel which can play as a bull flag and put us around $7.
On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level corresponds with the 50 EMA on the daily also with the fib gold pocket.
Definitely interesting to watch since we have bearish and bullish sentiment going on. Keep an eye on it.
Super bullish long term and buying more. Top of the ascending channel sits around $7 which we will reach very soon no matter what.
Thanks for reading and stay tuned. Enjoy.
MANAUSDT
25-28% Drop ahead?Measures towards 28% but I have had 26% on my radar for a couple of days...maybe just depends on where the flat bottom fails? Keep an eye on it. There is very strong support around $4.32, so who knows. These are just ideas and not financial advice. Unfortunately, not a lot of bullish ideas for today, especially since it failed earlier to reach a potential break out, falling short of $4.87 @ $4.82.
MANA USDT analyseIf Mana can hold the 0.236 fib line we could see a retest to 5,2$. As you can see at trying of the yellow line it got rejected. If Mana can't hold the red line, we will try to touch the white line. So currently if you hodl, buying is a good idea, but you could get better entrys, so maybe split buy orders!
MANA: HTF FractalHTF Fractal taken from previous price increase, when stretched so that the beginning of the run fits the beginning this current run, seems to be somewhat predictive so far.
Is this a crazy price target? Yes.
May it be warranted? Possibly...
MANA is now a direct competitor to 'META' (formerly, 'Facebook'). Meta's current market cap is ~880 billion. MANA's is around 8.6 billion.
If MANA had Meta's market cap (so assuming some scenario where MANA becomes THE metaverse, beating out Facebook /Meta and all other competitors), that would put MANA's price at ~$482.
Full disclosure: this isn't so much a serious possibility in my mind, at least not yet, I'm just posting this to see how this theory/ fractal pans out; mostly just curious.
MANAUSDT - SETUPMANAUSDT still trading at a critical support zone area around 4.50. we are expecting that bulls are not exhausted at al. They can push it further towards 6.0 followed by 7.00. And if it could not sustain this support we will see a sell-off towards 4.0 followed by 3.0 So watch price action carefully. Good Luck!
MANAUSDT # 003 ( what do you think ? Isn’t time to buy ?Hello dear friend.
What we expect in last analysis MANAUSDT after broken daily Gann arc resistance will start bull rally .
But it start side way move to collect spring for big jump.
Now is get support from Gann fan line & ready for crazy bullish rally .
R:R Ratio = 17
Thanks for your comments & support.
Good luck & safe trade.
☑️ETHUSDT: acceleration for takeoff➡️ In two years, ETH soared by about 530%, while BTC during the same time, Bitcoin by about 200%. And despite the fact that in terms of capitalization BTC still exceeds ETH, the latter turned out to be the most effective instrument, as can be observed based on the growth over the specified period.
According to Stefan Wellett (co-founder of FRNT Financial Inc.), Bitcoin is viewed primarily as a hedge against inflationary risks, while ETH acts as a foundation for cryptocurrency companies. Many institutional investors see ETH as a promising cryptocurrency. As a result, investment in Ethereum funds is increasing.
The value of this asset will continue to grow, as it is expected, and the ETH will undoubtedly attract the attention of market participants. Technically, the cryptocurrency is above the important level of 4024.90$, which clearly indicates a bullish mood (this level is indicated in the comments on chart D1).
In this regard, it is supposed to enter the purchase. The parameters of the deal are in front of you. Stop Loss is placed at the level of 4334.07$, and the target will be the level of 4770.65$. The potential of ETH, of course, is much higher.
🔔 Proposed deal for this tool 🔔:
🔵Entry Point - 4407.53
⛔️Stop Loss - 4263.00
✅Take Profit - 4754.37
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
☑️ADAUSDT: hardly into space➡️ Altcoin Cardano could not help but react to the decision of the eToro platform to exclude it from the listing. The trading floor published the corresponding statement in the middle of last week, after which the price fell to a three-month low. The ADA delisting decision applies only to US eToro users so far. This decision was made in connection with possible problems of its regulation. The capitalization of the instrument fell to 57.715$ billion.
Most likely, ADAUSDT will continue to decline. By the way, in addition to Cardano, the platform decided to exclude the Tron (TRX) cryptocurrency from the listing. ADA and TRX betting will cease from December 31st. The coin holders will have until the end of the first quarter of next year to sell them. But the founder of Cardano Charles Hoskinson tried to somehow support Cardano. On Twitter, he tweeted that eToro users from other jurisdictions should not be afraid, and they are free to transact with altcoin.
In the summer, ADA added aggressively in price. At the end of August, the exchange rate was close to 3$ , but the coin failed to maintain the conquered positions and began to gradually decline.
In this case, an idea for SELL is proposed. The parameters, as always, are in front of you and these parameters are the most optimal (from the author's point of view). The deal is not for one day. Below is a strong support level 1.034010 , which obviously will not leave market participants unattended.
🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 1.602628
⛔️Stop Loss - 1.771912
✅Take Profit - 1.090436
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
MANA USDT 2H Here's how I would trade MANA / USDT 2H:
If the price breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
Entry point - approx 5.03$
TG1 - 5.2$
TG2 - 5.4$
TG3 - 5.6$
TG4 - 5.7$
TG5 - 6.4$
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Decentraland:
"Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.
In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.
Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.
Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace."
Source: Coinmarketcap.com
More Cup and Handles!?!?These are just possible scenarios and not financial advice. Two Bullish, One Bearish. Short-term Cup&Handle takes us to $6.11ish...which would have the original monster Cup and Handle's same target! Ascending triangle to $7.50...maybe checking in around $4.62 again before heading there? If she drops to $4.37, making a flat bottom, expect a drop towards $3.27. Unfortunately, the bearish scenario would be confirmed by both the short-term .382Fib AND the target of that nasty H&S we were hoping got stifled the other day...Good luck.
Decentraland (MANA) Update: $12.45 Target🎯 Potential 146% Gain Decentraland (MANA) Update 29/11/21: $12.45 Target🎯 Potential 146% Gain from the current price. Since the 13 EMA crossed up above the 50SMA on the 26th October, Decentraland (MANA) has been in parabolic impulsive wave from $0.75 to $5.71. This was a 600% move in just under 30 days from the 26th October to 26th November where MANA set a New ATH @ $5.71. From the current price we expect MANA to push above the ATH once more before a much needed cool off period where we can see a weak retracement before the next leg up. Use the Buy Zone to map your Buys whether you're accumulating or want to enter. I believe the range between the 50% and 61.80% is the optimal level to sniper in at the current levels. It is important to note, although we are expecting a cool off period in MANA, we can expect continued growth for MANA in the longterm.
Our current targets for Decentraland (MANA) from the current price level @ $4.99
127.20% fibs @ $7.15 (42% Gain)
161.80% fibs @ $8.98 (77% Gain)
261.80% fibs @ $14.28 (182% Gain)
423.60% fibs @ $22.85 (352% Gain)
Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :)
MANAUSDT Bear Flag on 1D. Attention needed.MANA has seen extreme gains on a 1 month horizon. However buyers should be careful at this stage as on the 1D time-frame, the price is printing a Bear Flag, the likes of which has been a strong red signal in the past.
As you see on the chart, every time this pattern along with the RSI going into a descending triangle, has always preceeded a sharp market correction to the 1D MA200. Maybe that would be the best level to get in again.
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MANAUSDT Price UpdateMana after breaking out from the cup & handle pattern still is in an uptrend but I think it lost its momentum to go higher. Right now if the price crosses the 5.89 & 5.13 resistance levels we can say it makes a higher high and the uptrend is valid but if we cross the 4.07 support level this would be bad for MANA and we could see some correction.