MANAUSD.P trade ideas
Inverse head and shoulder as both reversal and continuation Hi earlier I published a head and shoulder as a continuation pattern for QNT. I found a viewer was confused and believed head and shoulder was solely a reversal pattern. Here is a good example head and shoulder acting both as a reversal and continuation pattern. On Mana's chart, we see there are 2 head and shoulder patterns. The first one you can consider as a reversal. The price starts to drop and it follows an inverse head and shoulder pattern. Price rallies after the inverse head and shoulder. The second inverse head and shoulder is a continuation pattern. The price continues to rally after the second inverse head and shoulder. It is stated in John Murphy's book, head and shoulder can both act as continuaion and reversal pattern. One most important thing to take home is regular head and shoulder is bearish while inverse head and shoulder is bullish, no matter it is acting as reversal or continuation pattern.
MANAUSD Rising Wedge This is the four hour chart for MANAUSD
A rising wedge can be seen to form above the recent burst of price
If this collapses as suggested by the rising wedge (a bearish pattern ),
0.786 is a good target because it provides a support which was previously a resistance point for the coin
MANA TO THE MOON BITCH YOU GUESSED IT...messing around and putting a long trade in on MANA to reach SAND price by 12pm 11/24/21
Mana preparing for takeoff Mana is looking sweet on the 4hr frames can just see what's ahead and its shaping up to be a nice run up :)
$MANA Technical Analysis & Price PredictionIn this video we breakdown the textbook movement of MANA on the 4h chart.
MANA found resistance at $4.30 today and is heading down trying to find support.
I give you my prediction as to where MANA will find support and how much longer it can keep this amazing bull run going.
$MANA forming a cup and handle patternSeems like mana has formed a cup and handle pattern. This is a bullish indicator.
I can see the price exploding to 5.5 with big bullish news that might come out. If you know of any news please comment. Thanks
MANAUSD (4H) Bullish wave We2Hi Traders
MANAUSD (4H Timeframe)
A Med-High probability, entry signal to go LONG will be given with the upward break of 4.05 after the market found support at 3.52. Only the downward break of 3.52 would cancel the bullish scenario.
Trade details
Entry: 4.05
Stop loss: 3.52
Take profit 1: 4.88
Take profit 2: 5.72
Score: 6
Strategy: Bullish wave We2
MANA has a couple obstaclesHere we see price resting on the gann as support (hopefully) and once it continues it's rise we need to break the yellow line (long term trend from all time high) in order to continue to the top of the channel (green line) hopefully we see it materialize sometime soon. If we break the green line we might see a rise to all time highs or at least hit the gann line above it.
MANAUSDT Long Looking Great Right NowA MANAUSDT Long position is looking good here with a mixture of TA and Indicator signals like a long on my VWAPRSI and momentum (based on the TTM Squeeze) looking to go positive.
MANA Decentraland EMA 200 mix MULTI XMANA Decentraland EMA 200 Mixed MULTI X
Decentraland is an Ethereum-based blockchain platform where users can purchase, build and monetize virtual reality applications. Users can purchase virtual land in the platform’s world which gives them ownership and control over the environment and applications they create within their land. Decentraland is a virtual reality platform powered by the Ethereum blockchain that utilizes two tokens. MANA is an ERC-20 token that serves multiple purposes, where it is mainly burned in order to claim LAND (an ERC-721 token) as well as to make in-world purchases of goods and services4. Decentraland is divided into a total of 90,000 parcels of LAND, each measuring 16 x 16 “meters.”
MANA can be stored in ERC-20 compatible wallets.
MANA - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
MANA is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on M30: MANA is forming a trendline (in red) but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, MANA would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$MANA with the bullish continuation$MANA is bouncing perfectly from the horizontal resistance turned support, which also coincides with the support of the bullish trend line.
This is a good risk/reward of over 3, and I'm taking it with a conservative target of the previous highest close.
What will MANA do this weekend?In this video we take a look at where MANA will find support as it is falling from the top of the trend channel at $4.36.
Previously in my last video where I did a complete breakdown of MANA's current trend and breakout. We identified a clear doji star on Nov 11th, h&s breakout pattern, and retest of the neckline at the $3.50 level.
My prediction: I believe MANA will catch support at either the neckline level just above $3.50 OR continue falling to the bottom of the channel between $3 - $3.30.
Like, subscribe, and comment your thoughts! Thank you so much for watching.
Cheers!
MANA - Bottom insight. next up $5.55 !?MANA has surged the last few days, giving some of us over 70% of gains. Now its time for a small retracement before it can make a next leg up.
It looks like the chart is developing itself in such a way that an uptrend channel is forming, though in order to have that confirmed the price needs to bounce on the trendline. When looking at the price rejections on that level (when looking at the candles to the left) this seems like a very realistic scenario. At the time of writing its battling its way through the support after which I will try to accumulate a position, somewehere around $3.47.
If that happens I believe a further move up is possible until $5.55 if it succesfully manages to pass the 0.618 Fibo line.
#notfinancialadvice
MANA - Testing Previous Resistance Turned SupportPotential 27% gains.
UPT:
4.76
5.1
DPT:
3.7
3.26
2.9
MANA approaching 200Period EMA, could find support.
MACD: Bullish Divergence
Stoch RSI: In Oversold Territory
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Mana Coming back strong :)Mana is looking good on 4hr frame picking up where it left off at : awesome :)
Mana on the rise again?Mana has seen a recent increase in Volume.
It's strange to think that the meta-verse may become a reality but the money doesn't seem to stop flowing.
About a month ago mana had its recent spike with Facebook changing its brand name to Meta. Now it's seeing more interest in the modern world with the Alt-meme coins Shib-Inu and Doge had gained popularity with the media as more and more investors gain interest.
I currently own 55 Mana and I'm going to hold it for a more long-term investment.
Mana 70% trade incoming. Get ready!Mana went up 30% since my previous post and is now retesting the fib golden pocket at $3.965. This level can play a very strong support for mana if we stay above the 20 EMA on 4 hr.
All percentages are measured from the time i am making this post
Price targets for mana at fib 100 level sit at 25 % profit and level 161 at 70% profit. The fib 161 level also corresponds with the up trending line of resistance.
Looking for a better entry position in case it retraces back to the 50 EMA on the 4 hr chart.
Mana is looking very strong and can easily go towards the 161 fib level as the stochastic RSI is in the over sold territory meaning indicating the strength.
Thanks for reading and stay tuned. Enjoy.
MANA Price TargetsWe're very clearly somewhere in the SOS or BU phase of this reaccumulation. So, I started asking how high can we go?
Here's what we have:
I drew two trend lines to consider possible future paths of respect. As you can see, they intersect very near the top of our upper band of resistance. So, as we back up, I think we will land in or near that yellow circle between the two trend lines. Using that as the bounce point, I then used the fib extension to guess at amplitude of the next run. Not knowing Elliott well enough to use that system as a way to check my work, I fully admit this may be off. If anyone knows Elliott well, maybe there's a place where our two methods come into focus with one another?
Price Targets I'm looking for:
ZONE 1: $5.00 - $5.50
ZONE 2: $5.50 - $6.50
ZONE 3: $6.50 - $8.00
$MANA Technical Analysis The MANA chart is looking textbook on the 4h timeframe. I am very bullish on the project and the coin.
The reversal on November 11th was a clear Doji Star and began our strong rise to the top of the channel at the $3.80 level.
November 13th to 18th showed a head and shoulders pattern following our initial breakout, a great bullish sign.
MANA broke the neckline on the retest following the pattern on the 18th but only briefly. Then proceeded to breakout to the top of the channel again.
Now we are falling from the top of the channel and looking for support. There are 3 key levels of support.
Support Level 1: Middle of the channel, also the 23% retracement level on fib.
Support Level 2: Neckline of head and shoulders, also 33% retracement level on fib.
Support Level3: Bottom of channel, strong previous support shown by wicks only reaching line.
Strategy: I am looking taper in and buy MANA at each support level mentioned above. *not financial advice
just trying something. predictive fractal geometryjust some abstract trading theorys no need to consider these trades as im mainly recording for myself but its an intresting theory
