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
Mantanetwork
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
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.
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#MANTA , $MANTA , MANTAUSDT, MANTAUSD#MANTA ...... is in a very nice entry point and near stop loss to get high profit
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OMXHEX:MANTA
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BINANCE:MANTAUSDT
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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✅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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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
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✅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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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+
#MANTA\USDT#MANTA
We have a bearish channel on the 12-hour frame, the price moves within it and adheres to its limits well
We have a major support area at Saad 1.70
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that has been broken to the upside
Entry price is 2.00
The first goal is 2.50
The second goal is 2.96
the third goal is 3.48
MANTA Preparing for another Bull Run? MANTA Analysis💎Paradisers, let's take a closer look at #MANTAUSDT, where current trends indicate a viable opportunity for a bullish resurgence from its key support area.
💎Reviewing #MantaNetwork's latest market activities, we notice a significant 35% retreat from its recent high. Yet, the determination at the support level of $2.6 suggests an opening for an upward movement.
💎Despite the challenge of surpassing new highs or previous records, leading to a temporary bearish sentiment, the $2.6 level is crucial for #MANTA. This point is teetering on the edge of catalyzing a notable bullish wave with another evaluation.
💎As strategic traders, we're perpetually equipped with a Plan B. If #MANTA declines further from this support, we're aiming for a bullish revival starting from the next support at $2.19. It's essential to recognize, however, that falling below this marker could signal the start of more profound bearish trends.
💎Keep your strategies adaptable and your eyes on the market, Paradisers. Your ParadiseTeam is diligently observing, ready to guide you through these evolving market conditions.
MANTA target 41h time frame
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MANTA go down to support zone with a falling channel, this zone is around 2.4~2.6. From the channel structure, we can see that MANTA got resistance again and again once touching the channel top. Now, MANTA is going to challenge the channel top again, and it is very close to support zone, that provide great risk to reward ratio to long MANTA.
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TP: 4 / 5.6
SL: 2.47
MANTA will pump soon with Wyckoff Methods1h time frame
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MANTA performs a standard Wyckoff Accumukatuon Methods, which provide guidelines for identifying trade candidates and entering long positions. From chart above, we can recoginze obvious phases of Wyckoff, icluding AR / ST / Spring / LPS / SOS. Currently, MANTA is probably under the SOS phase (Sign of Strength), that is a price advance on increasing spread and relatively higher volume.
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Targets: 4.7 / 5.6 / 60+(long-term)