MANAUSDT
MANA Decentraland is considered a security by the SECIf you haven`t sold MANA here:
Then you should know that recently the U.S. Securities and Exchange Commission (SEC) classified Decentraland (MANA) as a security. This means that MANA, the native cryptocurrency of the Decentraland virtual reality platform, is now subject to securities regulations and requirements imposed by the SEC.
The decision to categorize MANA as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in a particular project or platform. As a result, Decentraland and MANA will be subject to compliance with applicable securities laws, including registration, reporting, and other regulatory obligations.
This classification by the SEC highlights the increasing scrutiny and regulation of cryptocurrencies, particularly those involved in projects that resemble traditional securities offerings.
My short term price target is $0.35.
Looking forward to read your opinion about it.
✴️ Decentraland 1,2,3,4 Steps Pattern After Perfect Zig-ZagI've always loved to do things early, work early, wake up early, meditate early, open up my Crypto trades early; buying early... It has its advantages and pitfalls.
One of the advantages is that you get bigger, better, higher earnings potential, the initial move is always fast and strong.
One of the pitfalls is that you are less certain as the confirmation is yet to come.
For Decentraland, MANAUSD, the bias is bullish based on the move that started in January 2023.
This move (#1) is the initial bullish breakout and sets the tone of what is happening.
What follows is a correction and in this case we have a perfect zig-zag, low (#2) followed by a lower low (#3), with prices bouncing perfectly so far off the 0.786 fib. retracement level.
Now, that's one of the cons of being early, it can go lower before reversing but the reversal is sure to come and that's #4, the new bullish wave that is about to develop all across in the days, weeks and months to come.
That's the 1,2,3,4 Steps Pattern for you.
Thanks a lot for your continued support. I miss you!
Namaste.
MANA - Time For Lift Off!In our last analysis for MANA, we identified that we were in subwave 2 of wave 5. We are now at the extremes of the subwave 2 as we're touching the ascending trendline which we anticipate to be respected.
Our hard stops will remain below invalidation level but we can capitalise on a risk entry now.
For a safe entry, we can watch for the red trendline to break, which will still be relatively early in the move.
Trade Idea:
- For a risk entry, enter now with stops below the wedge OR safer stops below invalidation level
- For a safe entry, enter on break of red trendline
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
MANAUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Targets: 0.7 - 0.9 - ~1.05
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Decentraland MANA price can be one of 1st to start a rising waveToday we will talk about the prospects for the price of the Decentraland token - MANA
But first, please like our previous idea MANAUSDT, which has perfectly worked out the sales area and recently the purchase area for 4 months.
It looks like the MANAUSD price has completed its correctional wave (2) and is now trying to start a growth wave (3).
Wave (3) is considered to be the longest, and given that there are many liquidity zones above, the path of growth will not be easy.
However, we have schematically depicted on the chart how the growth and correction waves can look like.
The intermediate targets for MANA's price growth are $0.90 and $1.85.
The final selling zone for MANAUSDT, which is now visible in the probable wave (3), may be in the area of $2.25-2.50.
What do you think, will such a positive scenario work out given the current pessimistic sentiment in the cryptocurrency market?)
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🚀 MANA TRIANGLE BREAKOUT INCOMING? KEY LEVEL AT $0.48! 📈 🔥Hi, friends! Mana is consolidating inside a huge triangle since mid-January. I think it's time for this altcoin to show all its strength.
The most important key level is at $0.48. The false breakout of it will be a huge trigger for MANA growth.
📊 TRADING PLAN FOR MANA:
1. false breakout of the key level $0.48
2. volume growth
3. bullish BTC is a must-have for altcoins growth
✅ MY TARGETS FOR MANA:
🔥 $0.58-0.62 - the value area
🔥 $0.7 - the key level
🔥 $0.85 - the local high
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANA-MANIA! Don't Miss Out!MANA is looking like its almost ready for a MASSIVE move.. At least 1000%.
We can see that we are currently in a 5 wave move higher. Wave 3 had a nice 5 subwave breakdown. We can use that framework to figure out what's next for wave 5.
Subwave 2 of wave 3 was a tight correction and we are seeing almost an identical tight correction for subwave 2 of wave 5.
Great thing about this is that we have a strict invalidation level.
Trade Idea:
- Watch for a breakout of subwave 2
- Enter with stops below the correction (or safer stops below invalidation level)
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
✴️ Decentraland Hits Bottom? -95% From All-Time HighIt is possible that MANAUSDT (Decentraland) hit bottom after dropping 95% in value from its All-Time High.
The weekly RSI is at its lowest level ever and continues moving lower.
The current price hit its lowest level since February 2021.
Altcoins tend to correct between and 90-98% in bear markets so this one is very likely done.
We are seeing altcoin after altcoin hit bottom...
Once we hit bottom, the only place left to go is up.
Get ready.
Prepare... The next altcoins bull market is going to last a long while and it will be the strongest we've seen so far.
Namaste.
MANAUSD - Plotting Future MovesA down channel can be drawn on MANA like this
The Middle line shows a nice bullish touch however on this middle line which is a sign for bulls, I expect alts to be very volatile hence the price action plotted in green.
Its kind of a head and shoulders pattern on the side if you look at it closer, linking a comparison to the H&S below
MANA: Channel Down BreakoutDecentraland (MANA) technical analysis:
Trade setup : Price broke out of trading in a Channel Down pattern, which it was consolidating in after substantial gains earlier this year. This bullish breakout from Channel Down and above $0.60 key level and 200-day moving average, could indicate Uptrend resumption with near term potential upside to $0.75.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.60, then $0.42. The nearest Resistance Zone is $0.75, then $1.00.