Range BullMana has given us a range within a range setup a little more turbulence and and she’s home free
MANAUSD.P trade ideas
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
DECENTRALAND - long term viewWe are possibly looking at reversed H&S here. Let's see how this one plays out.
