MANA going down?Hi Guys,
In this Analysis, MANA is making a bearish head and shoulder pattern on 1D tf.
As you can see in chart that the VOLUME is also getting low.
So most likely, if it breaks the support and retest then a short entry can be considered.
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MANAUSDT
Short MANA vs USDMANA looks to be distributing in a Range for almost 2 months now.
It's currently sitting at Range Lows and this is the 3rd test of those lows.
If this level turns to resistance it will break the LTF Market Structure and the price is going much lower.
After distribution comes expansion. This will be the meat of the move.
I will jump in when I see a confirmed breakdown from this range on HTF since this is support for now.
Good luck.
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MANA - Perfect Elliott Wave Impulse!MANAUSD looks like a picture perfect impulse. We can see clear impulses and clear corrections. We can see that we've completed the 4th wave and now we're in the 5th wave.
We are expecting 5 subwaves for the 5th wave and we can see that we're in subwave 2 now. The lower subwave 2 goes, the better (as long as we stay above blue structure)/
Trade Idea:
- Watch for the current correction to break out
- invalidation level is below 0.27
- Targets: 5, 6.4, taper rest as we move higher
Goodluck and as always, trade safe!
MANAUSDT: Strong Support Area, Will It Rebound to 0.7616 Again?Price Action Analysis on Mana Decentraland Cryptocurrency
1. Rebound on the multiple rejection area
2. Created Falling Wedge and Descending Broadening Wedge
3. A breakout of the pattern is a sign of possible bullish bias ahead
4. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the MANAUSDT"
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🔥OPEN A LONG DURING THIS MANA PULLBACK TO NOT REGRET LATER🔥Hi, friends! The pullback that we expect for 1 week is going, so it's time to point out the trading plan and targets for MANA.
MANA is the most volatile altcoin among top 100 alts, so it always has powerful moves. Look at my trading plan!
📊 TRADING PLAN FOR MANA:
1. pullback to $0.56-0.59 order flow, which is strong support for MANA
2. volume growth confirms the presence of buyers
3. bullish BTC
🚩 Addtiional entry point is return and squeeze below the trendline(2).
✅ THE MAIN TARGETS FOR MANA:
🔥$0.84 - the key level and local high
🔥$0.95 - the key level
🔥$1 - the key level and even number
Traders, it's so volatile altcoin, so be ready to act fast to not miss the big entry point. Stay tuned!
💻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 IS PREPARING TO MAKE THE LAST LEAP: $1 SOON?🔥Hi, friends! MANA is a top gainer of the last week. This altcoin already makes +120-140% in a week and now reach the strongest resistance at the $0.69-0.71 value area.
If we take a look at the first value area at $0.40-0.41, it's clear how the price broke this resistance. The same I expect now too.
📊 TRADING PLAN FOR MANA:
🔥 false breakout of the local low which is already created
🔥 close the liquidity gap at $0.64-0.66
🔥 bullish BTC
🚩 I marked for you 2 liquidity gaps (yellow area) where the price will be stopped with a huge probability.
✅ THE MAIN TARGETS FOR MANA:
1. $0.84 - the key level and local high
2. $1 - the key level and even number
2. $1.12 - the key level and local high
The main reason why the price can consolidate here for some time is the retail traders that close their trades at break even after being in a loss for a few months. It can take some time for whales to absorb this liquidity and push the price higher.
💻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's buying pressure has eased sharplyMANA's buying pressure has eased sharply after breaking the corner pattern, and one of MANA's short-term resistances at the $0.75 range has reacted negatively over the past two days.
As long as the marked strong resistance is not broken, its correction potential is higher. Minor support is considered at the $0.69 range, and these ranges are considered minor levels.
We can expect a trend continuation or a deeper correction if there is any break.
Safe ranges as a support are $0.460 to $0.540, and second support at $0.400 to $0.425.
With Mana trending upward on the daily timeframe, there is potential for it to reach higher targets in the $1 range after the price correction.
MANA Head & Shoulders in Print!MANA is sitting in a potential Head and Shoulders pattern with the right shoulder in print.
BTC is bouncing off a SR Flip level so potential upside to 0.81 levels off the falling wave .
On Break and bearish retest of Head and Shoulders neckline, potential downside target to 0.436 levels/zone.
Always have Plan A, Plan B and since fairly high time 4h, chart can be archived in list for multiple moves.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
SasanSeifi 💁♂️MANA/USDT : 6H UPDATE 21%🔥✌✅ALL TARGETS REACHEDHI✌😎As mentioned in the previous analysis, the price faced buying pressure from the important support area of 0.61 and was able to grow 21%🔥✌✅ALL TARGETS REACHED
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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MANAUSDT Elliott Waves Analysis (Local Expectations)Hello friends.
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Everything on the chart.
Entry: market and higher
Target: 0.64 - 0.56 - and maybe even ~0.52
after first target reached move ur stop in breakeven
Stop: ~0.85 (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
MANA has been in a range over the past two weeksMANA has been in a range over the past two weeks, and its bullish move was halted when it reached the $0.80 range resistance. Because a strong retracement of the resistance range has occurred without a pullback, the potential for a price correction to at least the $0.55 support area has been created. Also, we could consider the ascending channel as a corner pattern, which with the confirmation of the pattern from the bottom, the last target is in the range of $0.57.
Now the resistance that is considered in the range of $0.75 is the range above which we cannot expect a bullish trend in the 4-hour timeframe if a strong reversal is not registered above it. The first support of MANA is considered in the range of $0.458 to $0.540. One of the strongest near-term supports is the $0.402-$0.425 range, which is unlikely to see a deep correction given the strength of the uptrend.
SasanSeifi 💁♂️MANA/USDT : 6H UPDATE 11% 🔥HI TRADERS ✌ As mentioned in the previous analysis, the price faced buying pressure from the important support area of 0.61 and was able to grow 11%. The previous analysis is still valid.Maintaining the demand range is important for a positive trend.🔶
In case of further correction, targets in the range of 0.44/0.48 can be considered.
The important resistance range is 0.74/0.76🔶
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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MANA 2 Bearish Pattern 🤔🔻🤔🔺️🤔🔻Hi dear traders
After breaking the Ascending Wedge pattern, the price lost the 0.7 support.
Now the pattern of cup and handle reveals can be seen.
Two bearish pattern forming.
If it is confirmed, and the support area is broken, the price will go down to the specified areas.
The most important daily support area is 0.5478
Let's see what happens
This is not financial advice ( DYOR )
Good luck