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MANABTC trade ideas

Virtual reality rules! =)This post is not a prediction or instructions for trading but rather a thought about MANA and what stands behind it, illustrated by a day chart with a beautifull uptrending parallel channel. Just closing to the end of its cycle and swing and getting ready for a new one. I've been trading MANA since this project only appeared as I saw a great potential in it. Surely you know that virtual reality games have a long history. First started as browser games (I've played one for several years) which already had large amount of real money invested by players in all sort of ingame items giving them some advantages over those who don't invest. These "pictures" could cost several thousands dollars each. Maybe more. Than virtual worlds progressed to 3D engines sucking in more and more people. Did you know that there is a game Entropia Universe (space MMO) where planets and buildings were bought for hundreds of USD and sold for millions? Nice profit, isn't it. And that were games not based on blockchain where ingame financial operations were kind of complicated. Now we have Decentraland. A whole new ecosystem that will have so many investment and cashback opportunities with so easy and transparent currency exchange that I can't see any other way for MANA but UP. Imagins buildings, businesses, casinos and so on all working and bringing real profit. People already bought all land lots and now reselling it to each other with prices going higher and higher. Soon there will be appartments, cars, clothes and all other stuff requiering MANA to get it. So people will need more of it. So back to chart. Right now MANA is under descending trendline that should be crossed sooner or later. The qestion is only where is the best entry. Frankly I have no idea =) price is almost at its bottom before the next swing up but this bottom may go lower to 1450-1500. So I'm watching and advise doing the same. Don't be tricked with FOMO. Its never late to get in this coin. Good luck with your trades!
Long
by WiseAnalyze
2
1000% gains on ManaI have been right into MANA since Dec, playing the waves and holding the balance MANA coins after each trade. If you got in at December your now sitting at 1000% gains. Where else do you get that kind of return. I never play ' Buy the Dip and Hodl' but i do buy the educated dip and map out the trades and play the trades. I take profit in the correct places and hold some of the coin for a long term hold. Learning TA so you can trade with no emotions and learn a strategy to take profits. I feel that POWR is also an outside coin that is worth playing the waves and accumulating some coin over a longer period.
Long
by Cryptogasmic
2
MANA can bounce in the 200 EMAMain Scenario: Despite having lost -4.53% in the last 24-H MANA has been held by the 200-EMA in this 4-H chart and if it manages to bounce back we could have a long entry to look for profits of at least 3% trying to find the Fib Retracement of 50% of the last descent; The indicators are oversold and pointing up, we could possibly see a pullback in the pair and the start of a short uptrend. Alternative Scenario: The price could cross the Pivot S1 and continue looking for the next support at 0.00001511. Entry/Stop Loss/ Take Profit: We can go long if the price manages to cross 0.00001580 with 2 targets T1 = 0.00001631 (3.2 %) T2 = 0.00001675 (6.0 %) The Stop Loss can be placed at 0.00001517 (-4.3%) Duration: 1-2 Days Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point. Warning Level: A further drop below the Pivot S1 will invalidate this setup. Risk Management: Risk/Reward Ratio: 1.48.
Long
by Forex_Academy
MANA 4H MEDIUM TERM ANALYSIS.So mana Pump and Dumped due to a hack or some reason and the fibonacci retracement showed a clear upward trend before that. Now it's indicating that the trend will change from upward to downward. You can see a clear inclined bearish Head And Shoulders if it completes in the next days the prize would drop exactly to the point where it would confirm a trend change. Besides that in the lower time frames looking for short term profits theres been resistance of the prize. Some gaps ups but with little or no strenght for going up. So right now indicators show a great point to buy in the 1H chart for maybe 2% hardly 5%. TY and comment your thoughts.
by glodias24
4