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.
MANAUSDT
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.
If you liked this idea or if you have your own opinion about it, write in the comments.
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)...⚠⚜
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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.
Dont Forget, always make your own research before to trade my ideas!
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)...⚠⚜
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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
MANA CAN DROP MOREHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SasanSeifi 💁♂️MANA/USDT : 6H LONG from 0.64/0.61?🤔HI✌ The Possible scenarios of #MANAUSDT is specified on the chart,As you can see, the price after the correction from the range of 0.82 has faced positive fluctuations. In the desired scenarios, if the price penetrates above the range of 0.70, the possibility of growth up to the specified supply area can be considered; otherwise, the price may be corrected up to the range of 0.64/0.61. 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.
❎ (DYOR)...⚠⚜
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MANA/USDT Maybe some correction is needed.Hi Dears
Why MANA/USDT is going for correction?
In this idea, I would tell you the answer to this question in a brief and useful format.
First of all, we are moving near the weekly supply in the control zone.
Second, the volume is decreasing.
Third, the RSI shows clear Divergence.
And at last, the rising compression pattern is made.
So I think that correction is near.
You have to wait until the trigger is activated. Maybe the price wants to spike to the supply zone that is likely fake for gathering the liquidity and then starts to fall.
Sincerely
Hosein Poursaei
Mana liquidity levels.76 cents has been significant since June and and we are again below it so in the past month we have build up .71 .72 cent area as a liquidity area so we may have less trouble breaking through .76 @ .74 cents i am waiting on a test at .76 and a retrace to at least where we are now .74c
Decentraland (MANA) formed bullish BAT for upto 15% pumpHi dear friends hope you are well and welcome to the new trade setup of Decentraland (MANA) with US Dollar pair
Prevously I shared a long-term trade setup for MANA, which is still in play as below:
Now on a 4-hr time frame, MANA has formed a bullish BAT pattern for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MANA can also decrease to the support If more negative reactions to the resistance levels are observed during this week and selling pressure increases, MANA can also decrease to the support range of $0.5317 by breaking the bottom of the short-term ascending channel. Negative divergence has also been observed on the RSI indicator, which could be another warning sign for a price correction. Among the important resistances of MANA, we can mention $1.05, which is one of the strong reaction levels.