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MANAUSD trade ideas

MANA just BO of Cloud above ALL DMAs; new ELLIOTT cycle begun?Mana just broke out of cloud & the violet dma 100 & is now technically above all short & long term moving averages all properly sequenced except this dma 100 but it will soon. BO of the long downtrend line early FEB may have confirmed the bottom for ABC correction & MANA is now In the new ELLIOTT WAVE cycle. It bounced with a big green candle from the pink dma 20 launching it past the cloud. Bollinger Band & all the DMAs pointing upwards except the green dma 50 but it will change quickly. How CLOSE can we get to an uptrend? Not trading advice.
BINANCE:MANAUSDLong
by xtremerider8
MANA - RIDING ITS 35MA AND SUPPORT BAR! What's Going On?Happy Money Monday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================= MANA pursued this retracement and has now touched its 35MA. MANA's 35MA is quite significant for the past few months since December as MANA trade against it mutliple times and had found rejection from it. As of this writing, MANA is now sitting on its 35MA and is interacting with it again with confluence of the Green Bar as support (previously resistance and support) @ the 38.2% Fib at $2.8467. So, what's happening next? A. If MANA pushes further upwards, the immediate target is the 50% Fib Level above @ $3.6405. Further upside price action could bring MANA towards the 61.8% Fib @ $3.8577. B. Further retracement from here could bring MANA down to the 50% Fib below @ $2.6295 and further down toward the Golden Fib Ratio of 61.8% @ $2.4122. Refer to other Fib levels if MANA dips deeper. MACD: Crossing Bearish Stoch RSI (1Wk TF): Oversold Region, Bullish Cross still present as of this writing Price action is KING! Always remember to place your Stop Loss. Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:MANAUSD
by RSibayan
2
MANA 15 min Chart - FEB 13-14 - FED Reaction watchMANA also seems to be building up pressure. I think either way it goes tomorrow this is where i look at use case. my child introduced me to the power of game spending when i got an amex call saying they just spent 2000 on some gems to buy an outfit for a new character. This market is riding the crypto wave but is Powered by the gaming generation and has a solid reason to belief value. The fed is almost using these meeting announcements as market manipulation and honestly i wouldn't mind if they would write some bills that allow then to invest and make money and that has to go directly towards the national debt. Otherwise they skirt to much towards their own pocket and not the countries. we should be allowed, as a country, to hire a new finance manager. I vote Bitcoin.
COINBASE:MANAUSD
by mindfree
MANA Prediction, the formation of 2 different shapesFrom what I can see now on MANA is the formation of cup & handle about to finish either from this price level at $2.90 or it may go little bit further down to the price level between $2.59 - $2.57 which I strongly believe could happen due to the formation of another signal (the Head & 2 Shoulders) supporting my idea as you can see clearly on the chart. After that we could see the price going all the way up. Just remember, this is not an advice or a recommendation to buy, sell, or hold, its all your own decision and choice. Thanks to all.
BINANCE:MANAUSD
by cryptorstm
1
Decentraland MANA 23% drop or 60% pumpHello all. Looking at MANAUSD on the weekly timeframe, we see that this coin has broken bearish out of the (white) falling channel/descending channel. Currently MANA is inside the green up-trending/ascending channel. On the daily as well as on the weekly mana failed to break above the $3.5 psychological price barrier. Currently mana is due to a retest and here are the scenarios where and why the price can go next. Bearish scenario: If mana fails to break above $3.5, I would expect mana to retest the bottom of the channel at around $2.5. This is where the daily 200 EMA is currently. From the current price to the bottom of the channel it is a 24% drop. Bullish scenario: In case mana break above $3.5, I would look for the price to reach first the fibonacci golden pocket at $4.3-$4.5, and then $5.9 the top of the channel. From the current price to the top of the channel it is a 60% up. The stochastic RSI is very bullish, as it has never been so oversold and with a reading below 20. Thanks for reading, and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
2
MANA - STRONG MOMENTUM, STAYING ABOVE ITS MAs! What's Next?Happy Money Monday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================= MANA continues to trade above its 12, 21 and 50 Moving Averages but as of this time of writing is undecided (currently has a Doji Candle) if it should push further up or retrace. So, what's happening next? A. If MANA pushes further upwards, the 50% Fib Level above is the immediate target @ $3.811 B. Retracement from here could bring MANA down to its 50MA which could have a confluence and rendezvous at the 23.6% Fib below @ $2.99 and could also find support from the Green Support Extended Trend Line. The 12MA is also fast rising and could approach price action at the rendezvous. Just be aware that on the 1HR chart, there's a Bearish Divergence on the MACD against the price action. Previous resistance and support level was around $2.9 C. MANA could consolidate sideways towards the Green Support Extended Trend Line, then decide whether to push higher or break support. MACD: Crossed the Zero Level 2-3 days ago, and possibly continue pushing higher but only price action can dictate it Stoch RSI (1Wk TF): Oversold Region, it just crossed bullish after last week's close. Price action is KING! Always remember to place your Stop Loss. Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:MANAUSD
by RSibayan
2
MANA By AcroScopicsWe gotten a very nice pop off the lower channel line and have risen above the last pivot high. I've drawn in a new set of dividing lines (can serve as support or resistance) where price is currently nudging above the top one. It is possible that price could hit the upper channel line where price may reverse back into the main channel. I'm going to move the Fibonacci lines once a new high is in place so we can see what the correction looks like. Thanks for all the LIKE, FOLLOW and COMMENTS! Check out our other Posts!
COINBASE:MANAUSD
by davidperkins1