MANAUSD.P trade ideas
Decentraland Established The UptrendSince 11th of July, Decentraland has been moving steadily upwards producing higher highs and higher lows. On the 17th of July price reached the high at $0.135, which has resulted in a 53% growth in less than a week.
Then price corrected won to $0.11, where MANA/USD has rejected cleanly 50% Fibonacci retracement level. Today MANA broke above the ascending channel, suggesting the continuation of the uptrend.
There are several resistance levels to watch. First 161.8% at $0.14, second 261.8% at $0.17, and the final upside target and strong resistance is at 361.8% Fibs, that is $0.2.
$mana moving average and fibo retracementAccording to 4h chart price is on the ma200 now. If create stop-loss at 0.103$ , it must be try. On the other hand if volume increase first selling area will be 0.110$ and secondly 0.128$.
Decentraland - fractal explosion could happen very soonMACD and volume are turning up to a good zone, and I noticed these similar fractals. The one previous looks sort of wave 1 and 2 ish from an Elliott Wave perspective. We could see Wave 3 within the next week or two. Target 0.13 cents then -.15 cents short term.
MANA - buy zone circle approachingWaiting for MANA to fall down from heaven into a a predestined buy circle. .5 to .68 fib level hit likely.
$MANA Decentraland 4-month ForecastI don't usually TA crypto in $USD but since assets in DCL (land plots) are tied to $MANA I thought it might be appropriate.
Decentraland: A blockchain-based virtual world Decentraland is the first virtual platform owned by its users. $MANA
There are plenty of opportunities to explore or even create your own piece of the universe. You can purchase land through the Ethereum blockchain, creating an immutable record of ownership. No one can limit what you build.
With full control over your land, you can create unique experiences unlike anything in existence. Your imagination is the limit: go to a casino, watch live music, attend a workshop, shop with friends, start a business, test drive a car, visit an underwater resort, and much, much more—all within a 360-degree, virtual world.
MNABTC & MNAUSD : Bullish TrendMANA (decentraland) should raise up. Nice bullish trend.
> Bearish trend was broken, then confirmation too.
