MANA looking bullish. $5 next.Hello all. There is no significant change in mana chart since my last update so i will keep this short. You can read more in my previous post attached below.
Looking at MANA on daily chart, the stochastic rsi is in the over sold territory which is a bullish sign. Mana trades inside the ascending channel and can retest the top of the channel (resistance line) at around $5.9 which was is the current all time high.
Mana also manages to remain above the previous high over $3.5, and also above the 50 day EMA. Candle wicks indicate that mana gets bought once it tries pushing below $3.5.This means that mana found strong support at $3.5 and right at the 50 EMA.
Mana will reach $4 this week due to the bullish sentiment i see in the market.
Check out the link below if you missed the drop.
Thanks for reading, and stay tuned. Enjoy.
MANAUSD.P trade ideas
Russian Dolls?Is that a thing? MANA, since the parabolic rise, has lost and gained based on C&H and IC&H patterns. One cup leads to another, kinda like those Russian dolls that fit inside each other. These are just ideas, not financial advice. The reason I published this is because the numbers add up based upon the assumption that the bottom is in and $3.52 is the baseline now. Should it drop to test the drop from the other night, I added that these formations are still valid, but will have a different baseline. That's not a bad thing, because with this token in particular, the bigger the drop, the bigger the rise. Should MANA (when) drop(s) below $3.52, I will adjust the cups for your ease of reference...but for now, based on the assumption MANA is going up from here, for now, these are my ideas, and the data does support these levels. I'm not necessarily "long on mana." These short-term trading ideas don't involve an ATH, just a recovery before a potential drop that I will tackle should the market indicate a need.
I see a lot of comments on other analysts' posts that are negative...chill out. Nobody has been rude to me yet, so let's keep it that way...not to mention, if you took my ideas and did your own research, you would've gained 36% when the market tanked 18%. It's not always going to work that way. They are just ideas and not financial advice. We read them for either confirmation of our own ideas, new ideas, or if you have no idea what you're doing. If you have no idea what you are doing, start reading and be careful. It is a very volatile market...and yes, some of the ideas are bat$4!t crazy.
MANAAfter Breakout min Nov, Price peak @ 5.50 lost momentum with previous highs as seen in price divergence with MACD . This was followed by Double Top and break of Uptrend Trendline. Price dipped to 2.61 and pulled back to 4.00 were buyers were fully rejected by Moving avgs. Sellers flexing strength.
Price looks to continue move downwards and retest support @ 2.50
Mana/Usd at H1 is forming a lower highThe Mana /Usd formed a lower high around 5, but once the price movement forms a bearish candle below 4.86, then the price will be expected to test the lows near 4.2
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Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
$7 MANA still in playHello all and happy Friday. If you missed my last mana update and the trade setup, make sure you check the post below.
Looking at MANA on the daily chart we see that we are above the 200 EMA and also found support on the 50 EMA. (Both are bullish indicators).
The dump last night only played in our favor as it triggered all buy limits which we set according to the previous mana update.
Currently the stochastic RSI is in the over sold territory (Daily chart) which can push MANA price back inside the descending triangle.
I am looking to have a daily candle close above $4 which will keep us inside the descending pattern, and also above the previous ATH.
Closing around $4.3 or inside the Fib golden pocket at around $4.7- $4.8, will be extremely bullish for MANA, and for the short term we can see $7 price target which sits at 161 fib level. This will be a 100% profit from the current price.
Thanks for reading and stay tuned. Enjoy.
MANAUSD LongBullish
1:Strong Weekly Support at 2.829
2:Strong Daily Support at 3.199
3: Fib Retracement from 0.8
4:Inverted Hammer
Bearish
1:Lower High and Lower Low
2:Daily Resistance at 3.66
Plan A
Buy At the current Price
Tp 1 would be the daily support level of 3.89
Tp 2 would be 4.319
Stop Loss is 3.19
Plan A1
Buy if it breaks the daily resistance of 3.40
Tp 1 would be the daily support level of 3.89
Tp 2 would be 4.319
Stop Loss is 3.19
Plan A
Sell if it Breaks the daily support of 3.199
Tp 1 would be just above the weekly support level of 2.829
Tp 2 would be fib level of 1
Stop Loss 3.89
Metaverse is the next big thing after Bitcoin BUT.... the road to true metaverse, Ready player one type world is still 5 - 10 years away
- nothing goes up in a straight line
- expect severe corrections in between
- put together a portfolio of solid metaverse cryptos and remain strong with your conviction
- MANA, SAND, BLOK, NTVRK, NAKA are among the horses you should bet on