Key stats
About Decentraland
If you’re fed up with the real world, Decentraland offers a 3D, virtual alternative running on Ethereum, where users can buy up land and NFTs using its MANA token. Initially, Decentraland was launched via a 24m initial coin offering (ICO) in 2017, but it wasn’t until 2020 that the 3D world was opened to the public. Beyond the confines of the virtual world, Decentraland has a dedicated marketplace where users can exchange NFTs priced in MANA.
Decentraland, MANA, 0.5 fib retrace sets up 71x Algo targetTriple bottom on the 0.5 fib suggests this is strong & when the narrative comes back around, it's is one of the metaverse leaders... See linked BTC chart for more details.
The Trade:
Preferred Entry: $0.264 or 0.618 retrace of this impulse wave (if we get one)
Ape Entry: $0.364
Stop: $0.254
Decentralized breaching its inverse head & shoulders necklineNo guarantee this will be the breach that confirms the breakout, but with the current momentum in the overall market there is a decent probability it could be. Either way definitely a bullish development for Mana *not financiall advice*
Decentralized breaching its inverse head & shoulders necklineNo guarantee this will be the breach that confirms the breakout, but with the current momentum in the overall market there is a decent probability it could be. Either way definitely a bullish development for Mana *not financiall advice*
Crypto market pulse check pt.1 Bullish?My first video analysis
I go through this watchlist every few days to get a feel for market sentiment, here I've skimmed over about half the list, but it is due for an update - what should I add?
Making posts for every chart takes way too long. video make's it easy to smash through the charts so
Decentraland: Breakout?MANA recently experienced an upward movement and is currently trying to leave our magenta Target Zone (between $0.1371 and $0.3154). We attribute this development primarily to the magenta wave (iv). The price may should leave the range briefly, but then come back to complete the green wave (2). Cons
Long, target 0.359Following weekly chart.
Got a long signal, finally.
TP 0.359
SL close under 0.21
Around 16% gain.
Decentraland: Home StretchMANA should have reached the high of the magenta wave (iv) on August 24. Since then, it has been working on wave (v) of the same color. This last stage should ultimately complete the green wave (2). With the corrective low in place, the price should then turn around and rise above the resistance at
MANA(based on NEo wave) structure of wave Ethere is two ways of the triangle to finish this wave E one of them is 0.26 and the other is 0.253.
MANA(based on NEo wave)this diametric is at the end of wave E and the structure of wave E is a triangle that I wil show you in next chart.
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