Mana, buy opportunity Mana is in the buy zone after falling back to the 0.236 Fibo from the January 22 high and approaching its 55 EMA in the 2 hour time frame.
MANAUSD.P trade ideas
$Mana swing ideaWelcome to my analysis about mana, we are looking at 1D timeframe, in my opinion I feel that mana looks very bullish in short term.
MANAUSD - LONGMANA a token used for the 'DECENTRALAND' Platform has huge potential. deemed as something similar to Minecraft, i can see a potential increase in price for the MANA token
Range BullMana has given us a range within a range setup a little more turbulence and and she’s home free
Looks like this is about to go up.Bouncing off the retracement line, looks to be on the trend line. Also a bullish divergence.
lets go baby Looks like mana is getting a good way and nice profit
Mi humble opinion not a trading advise
MANAUSD OpportunityI technically setup the MANAUSD 1D through ascending channel in order to qualify as tradable the resistance line must at least 3 touched off candlesticks from swing and grab it is opportunity to gain around 45% or up.
New possible targets for MNAUSDThe resistance was just broken, possible expected targets in the chart, RSI could reach 80 we can exit from there.
MANAUSDMANAUSD has a Bullish Flag.
If not successful, the trend may fall to the top of the daily Channel or even to the bottom (not shown).
But if successful: The First resistance ahead is Fibo-0.78, but the heaviest will be Fibo-1 which would be it's second attempt to get through it over the last few days.
If it manages to successfully break through Fibo-0.78 and then Fibo-1, the next profit targets will be 1.6 and then 2.6.
We can expect heavy resistance at all pints particularly at F-1, which can lead to the reversal of the trend.
Happy Trading
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JUST FOR EDUCATIONAL PURPOSE
MANAUSD bullish pennantFollowing my post on MANAUSD 4h basis there was a Bullish flag. Analyzing MANAUSD on a daily basis shows that MANAUSD has a Bullish Pennant.
The first profit target is at Fibo-1 if the Bull start to move, and we can expect a resistance, so keep an eye on the indicators.
It can grow up to Fibo-1.27 which some resistance may happen but The next main target would be Fibo-1.6 which we can expect the a heavy resistance and reversal of the trend.
And the Next Big resistance is expected for Fibo-2.6 based on the peak history of MANAUSD.
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
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JUST FOR EDUCATIONAL PURPOSE
