Manausdtsignals
MANAUSDT Bearish unless this level breaks*** ***
For this particular analysis on DECENTRALAND we are using the MANAUSDT symbol on the Phemex exchange.
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The idea is on the 4H time-frame where Mana has been trading within a Channel Down since the May 14 High. That is still a Lower High within the general bearish trend and the Channel Down keeps it that way. There is a level, which if broken, we'll most likely get a long-term bullish reversal and that is the 1.13900 Resistance. This is because the current Channel Down, both on price and 4H RSI terms, resembles the pattern of February.
As you see that Channel Down failed to break the Resistance level formed by the Lower High, and that discouraged buyers from accumulating, hence forcing the coin to a new round of selling. So unless that Resistance breaks, Decentraland will most likely make new Lower Lows and Lower Highs.
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MANA BREAKOUT! READY TO PUMP 700%Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG
#MANA breakout this bullish flag pattern currently it is retesting.
ENTRY: CMP and add more in dip up to $2.44
SELL- 700%
LEVERAGE: 3X
STOP LOSS: $2
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MANA/USDT Don't miss the great buy opportunity Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
According to this 2days chart, MANA is making this huge bull flag .
Entry range:- $1.58-$1.7
Target:- 500%
SL:- If any 2days candle close below $1.58
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MANAUSDT started the accumulation phase to $10.00.At the end of last November I warned traders of the bearish formation and potential peak on Decentraland, as it was printing the very same top pattern (both pricewise and in terms of RSI on the 1D time-frame) with the previous tops of May 2021, August 2020 and February 2020:
The price eventually did make a top on that exact price range and MANA entered a new corrective phase. The January 22 low though that marginally breached the 1D MA200 (orange trend-line), marked the new bottom and end of this corrective phase and start of the accumulation phase. Notice how the 1D RSI formed the very same Higher Lows pattern after breaching the oversold barrier of 30.000 both on the June 22 2021 bottom and the November 04 2020 bottom.
Once those bottoms formed, MANAUSDT rebounded initially to its 0.618 Fibonacci retracement level and entered a quarter-long Accumulation Phase of slight Higher Highs and Higher Lows. This is where we are at now as following the January 22 low, MANA reacted with that exact same rebound to its 0.618, so it could be relatively safe to assume that it was the bottom.
The last two tops/ Higher Highs on the Fibonacci Channel that started after the March 2020 COVID flash crash, were formed on a Higher Highs trend-line (blue line), which is just below the 1.5 Fibonacci extension. This suggests that the next target can be well above even the $10.00 benchmark.
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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
0x94bD70a85147A9f2588994854617987D980acED2
Will MANAUSDT strike again ??MANAUSDT is now reaching a support area around 4.20. We can see it is also forming a falling wedge , and if we look at the chart we can see bullish harami appearing at the bottom of a down trend. So, we are waiting for the bull's move. If they cross 4.40 - 4.50 than they can push the price towards 4.80 and 5.10. Good Luck!
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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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