MANTAUSDT Approaching Descending Channel ResistanceMANTAUSDT Technical analsysis update
MANTA has been trading within a descending channel for the past 150 days. The price now moves toward the channel's resistance, signaling a potential breakout. Currently, the daily chart shows that the price is trading above 100 EMA. Once a breakout occurs, a strong bullish move can be expected.
Buy zone : Below $0.88
Stop loss : $0.715
Regards
Hexa
Manta
MANTA 400% Gain IncomingOMXHEX:MANTA - Technical Analysis Request
Three distributions shown. The current range is likely an accumulation before a breakout.
The value are lows shown of the previous ranges will be the most important resistance zones.
From current price 400% possibility to ATH #MantaNetwork
Lows of the range has been swept. Next challenge is to break the trendline and continue upwards.
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#MANTA/USDT#MANTA
The price is moving within a bullish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.300
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price is 0.3300
The first target is 0.3752
The second target is 0.4050
The third target is 0.4400
MANTAUSDT on the Verge: Will Key Support Hold or Break?Yello, Paradisers! Are you ready for a potential breakout that could shake up the market? Let’s dive into what’s unfolding with #MANTAUSDT and how it could impact your next trading move.
💎Currently, #MANTAUSDT is tracking a descending channel pattern, positioning itself near a potential breakout zone that could fuel a strong upward surge. Right now, #MANTA is testing a critical support level at $0.698. If the price holds this momentum, there’s a high probability we’ll see a bullish push, potentially breaking above the descending resistance.
💎But what if momentum falters? If #MANTA loses strength at the key support of **$0.698** and drops below, this would signal weakening bullish power, opening up room for sellers to step in. In this scenario, keep an eye on the lower demand zone at $0.614 a level that has historically held strong for buyers. A rebound from here could sustain the bullish outlook, but if #MANTA falls below $0.614, it could invalidate this setup and lead to a deeper decline, marking a potential shift toward bearish sentiment.
Stay sharp, stay strategic, and always keep the bigger picture in mind.
MyCryptoParadise
iFeel the success🌴
Manta gave a Buy signal againOMXHEX:MANTA 1D;
Manta gave a Buy signal again with its upward trend breakout.
With a close above the -OB level, it will start an uptrend.
Subsequently, it will make a small retracement and look for support by descending to the IMB zone that it will leave behind according to technical analysis and will rise towards the OB resistance level, which is the gray box above.
Since it will retest this zone, it may make a stumble again, but there is a possibility that it may break here with the positive signs that may come from the Btc side. For those who do not want to risk, some profit can be taken at this level.
#manta #modular
MANTA target $1.44h time frame
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Entry: $1.4
TP: $0.7
SL: $0.545
RR: 4.52
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(1) Double bottom is creating, and just go break the descending wedge
(2) Best time to complete this bottom structure is in the end of November
(3) Fib extension provides different targets for you to take partial profit
(4) Stop loss once going below $0.545
#MANTA/USDT Trade Setup, 600% Spot Long potential!Manta Breakout Alert!
Manta is trading at a long-term resistance of $0.72, and I’m anticipating a breakout.
While there’s a slim chance of a retest around $0.60 in the coming days, once we see a confirmed breakout and a successful retest, the potential upside could take us to $4.
Trade Setup:
• Entry Range: $0.576 - $0.725
• Targets: $1.04, $1.518, $2.267, and $4.05
• Stop Loss: $0.48
• Risk-Reward Ratio: A highly attractive 1:36
I plan to make $100k with a margin of $10k at 5x leverage on this trade!
I am already positioned and will keep you updated on this.
Let me know your thoughts in the comments! If you find this analysis valuable, hit that like button.
For more setups like this, follow me and share this setup with your friends.
Thank you, and peace!
Will MANTAUSDT Break Out or Break Down? Critical Moment ApproachYello, Paradisers! 🚨 Are you ready for the next potential breakout, or are you about to miss a crucial move? Let’s dive into MANTAUSDT and see what the charts are telling us!
💎MANTAUSDT has bounced off a key support zone and has shown a Change of Character (CHoCH) towards a bullish market structure. Additionally, a bullish divergence has formed, further increasing the chances of an upward move.
💎While the probability of a rise looks high, caution is essential as the price approaches the resistance trendline. If the price breaks through this resistance with strong candles, it will signal bullish strength.
💎Should the price break out and close a candle above the resistance zone, we could see the formation of a W-pattern structure, significantly boosting the likelihood of a bullish move.
💎However, if the price breaks down and closes below the support zone, our bullish outlook will be invalidated. In that scenario, it’s wiser to wait for better price action before making any moves.
Strive for consistency, not quick profits. Stay patient, disciplined, and keep those emotions in check, Paradisers!
MyCryptoParadise
iFeel the success🌴
#MANTA , $MANTA , MANTAUSDT, MANTAUSD#MANTA ...... is in a very nice entry point and near stop loss to get high profit
#MANTA
OMXHEX:MANTA
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#BTCUSDT
BINANCE:MANTAUSDT
#MANTA/USDT#MANTA
The price is moving within a descending channel pattern on the 12-hour frame and is expected to break upwards
We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 0.600
We have a trend to stabilize above the moving average 100 which supports the rise
Entry price 0.650
First target 0.85
Second target 1.00
Third target 1.17
Manta the best zones to buy againBINANCE:MANTAUSDT
This is not an necessarily the Manta will hit this targets, but based on IAP model what I've shared before this is the levels for accumulation again
You can accumulate on any level based on your strategy, I just shared my plan
Possible Targets and explanation idea
➡️IAP model, after initiation we got move over -0.618 lvl on D tf
➡️5 Feb we come back to 27 block and 22 feb perfectly reject at -0.618lvl again
➡️Zones to buy is blue zone Ok to buy zone
➡️Green zone the best zone but I dont think so Manta will drop so low
➡️My Money Power custom indicator showed money outflow on D timeframe
➡️ Build your own plan for any single coin and follow your plan
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MANTA looks bearishFrom where we placed the red arrow on the chart, the MANTA correction has started.
The pattern seems to be a diametric and we are now at the end of wave E.
It is expected that the corrective phase of MANTA will continue.
The two vertical lines on the chart are the approximate time of completion of wave E of the diametric
Closing a daily candle above the invalidation level will violate the analysis
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
Manta ReversalThe main trend shows a sharp decline from a high of around $3.50 to a low of around $1.40 before the price begins to consolidate and a new pattern forms. There is a strong resistance area around $1.78 to $1.90 (blue area). Price has tried to break this level several times but is still stuck.
Price Movement :
Falling Wedge: There is a falling wedge pattern that has broken upwards, which is generally considered a bullish pattern. This pattern provides an indication that the price has the potential to rise further. Right now, Manta has succesful breakout of falling wedge and forming ascending triangle as a continuation pattern. The price is around the EMA 21, which indicates consolidation and potential further directional movement.
There appears to be a Fair Value Gap (FVG) in the area of around $2.00 to $2.40. If the price manages to break through the current resistance, the next target will likely be to fill this gap.
Profit Target
TP 1: Around $2.10, based on measurements from the falling wedge breakout
TP 2: Around $2.40, the upper area of the Fair Value Gap (FVG).
Stop Loss: Around $1.66 or slightly below the 21 EMA to reduce risk, around $1.65
Trade Idea for Manta Network (MANTA) - Accumulation StrategyManta Network (MANTA) is currently trading around $2.00, making it a notable player in the privacy-focused blockchain space. Manta Network aims to provide privacy-preserving transactions using zk-SNARKs technology, ensuring users' data security and confidentiality on the blockchain.
Start building a position at the current market price of around $1.70. This level offers a strategic entry point considering the project's potential and current market valuation.
Plan to accumulate more MANTA tokens if the price drops to $1.60 and further to $1.40. This approach allows for averaging down the entry price and maximizing exposure during market dips.
Set take-profit targets at $2.70, $3.45, and $3.90. These targets are chosen based on anticipated resistance levels and historical price movements, aiming to capture significant upside potential.
Manta Network is focused on enhancing privacy for DeFi users by integrating advanced cryptographic techniques. Its unique approach to privacy in the decentralized finance sector positions it as a critical player as privacy concerns continue to rise in the blockchain space.
The broader cryptocurrency market trends and increasing interest in privacy solutions can drive demand for MANTA tokens. Monitoring developments and partnerships within the Manta Network ecosystem will be essential to adjust the investment strategy accordingly.
Accumulating MANTA at strategic price points leverages market volatility and the project’s promising fundamentals in the privacy space. The phased profit-taking strategy aims to optimize returns while balancing risk.
This trade idea is based on the current market data and Manta Network’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
When to buy MANTA safely ?The Manta price is now being openly "pumped up" by MM, so only MM knows where the maximum price will be.
The maximum MANTAUSDT price could have already been, or perhaps it will be, for example, at $4.70
Personally, we don't trade on manipulative growth - we'd rather wait patiently for a deep correction, which will come sooner or later.
For example, $1.50-1.70 for MANTA is a fair and reasonable price to buy, or not?)
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Manta zones for accumulationManta IAP model with accumulation zones BINANCE:MANTAUSDT
Possible Targets and explanation idea
➡️IAP model zones for accumulation marked on a screen
➡️From signal confirmation to sell on TradeOn indicator -62% short profit
➡️Appeared signal take profit and close short position
➡️On daily we saw local signal to buy and small bounce.
➡️Step by step you can accumulate now or wait main zones for accumulation with DCA
➡️2 main money inflow periods with money power indicator. whales accumulate
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
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• For more ideas please hit "Like" and "Follow"!
MANTA target $30+12h time frame
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MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation structure.
Next, the target is very easy to estimate when you know how to refer to mc in bull market. Current mc of MANTA is around $445 million, and the total supply is $1 billion, the reasonable mc that MANTA, as a key of layer 2 sector, could reach is definitely over $30 billion, which would bring MANTA up to $30 or even higher if layer 2 got attention in future.
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Bull target: $30+