Get started
DecentralandDecentralandDecentraland
#102#102#102

Decentraland

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

MANAUSD trade ideas

What's the big deal?A big part of trading in the crypto space is patience. As more technology is developed and BTC becomes more antiquated in comparison, the growing pains are par for the course given that ALTS are still attached, using BTC price as an indicator. I also don't think it is going to be as bad of a transition given Intel's new chip on the horizon? The metaverse is seeing huge institutional investment and MANA is just beginning. How it reacts to the overall market is indicative of a "newish" token. There isn't a lot of data to offer support in the current price range so it really comes down to BTC. I've been wanting BTC to hit $29k for months...just to get it over with. It may bounce off $35k in the next day...or continue down towards 29-30k? I don't see these dips as "crashes," just the evolving pattern that is still very much intact. In previous downtrends that lead to the ominous Crypto Winters (so dramatic), this industry was super speculative without a whole lot of understanding of the technology being developed, near zero adoption, and certainly lacking clear vision as to the potential of the space. People are beginning to understand, adoption and innovation is beginning to flourish. Nations and big businesses are looking toward blockchain for real solutions and industries are building in the metaverse. Today's chart is to just chill everyone out. 56% drops seem to be the magic number before a rally. The "fake out" on Jan 15/16 was disappointing but to no fault of what's actually happening in the metaverse space. Some analysts are calling for $1.5...why? Just because it was where MANA took a breather on its ascent to $5? That's stupid. What is MANA worth? I have no idea as to its intrinsic value. I do know that companies like Adidas, Nike, Samsung have done their research and feel it is worth something. We don't know where the bottom is and as I've said this before with ADA, anything under $2 is a bargain. Even at $1.50, MANA's price would still fit into the bullish descending wedge in the next few days. A drop to $1 would turn that wedge into a channel and trigger the bots to do their thing, bringing MANA back above $3 or even $5 in the short term. I used to say the same about ETH with $200, then $450, and then $2500 within a year's time...each bargain prices. It doesn't so much matter where you buy as much as where you sell. To freak out is to think MANA will never hit $6. If you don't think it will, why did you buy at $4.35? Crypto is going through its cycle and the world is watching more than ever. I'm also not worried about Biden's regulations. As much as I'm not a fan philosophically, I think it will ultimately be good for crypto investors, offering slightly more security which will lead to more innovation and adoption. Also, besides this not being financial advice, know that there are so many unknowns. People will figure out the advantages of anti-inflation and buy versus sell when the news of inflation tanks Wall Street...so yeah, some things are counterintuitive as this industry grows and people will catch on as they become more educated.
BINANCEUS:MANAUSDLong
by keykomg
MANA - Right At Resistance! What's Going To Happen 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. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== MANA broke the Blue Horizontal Support Bar which has now turned resistance against MANA. MANA is right up at the Red Resistance Extended Trend Line and will react to it today. What's next for MANA? A. Further dipping could bring MANA towards the 1.7090 which was previous support 2 days ago. Breaking the Green Horizontal Support Ray Line could push MANA down to the $1.272 @ the 1.136% Fib level. B. MANA could consolidate (go sideways) from here meet up with its 21MA. C. MANA could now push out upwwards escaping the Red Resistance Extended Trend ine and meet the 21MA. It either could breach the 21MA and re-test the Blue Horizontal Bar. MACD: Bullish Divergence . Stoch RSI: Oversold Region, has a bullish momentum. 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
MY MINIMALIST CHART ANALYSIS FOR DECENTRALAND01 .21.22 1224H +8 SINGAPORE Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. This will be a good season for ENTRIES. The market has found strong support at a very bargain price for cryptos. We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As for ALTS, ADA, POLKADOT, MANA, SAND, CURVE, MATIC, and a few others. Basically, the outcome of BITCOIN, the ALTS tends to follow. So I am limiting my published ideas to a few, quality over quantity. ALERT: Looking now for an ENTRY to a short to midterm LONG SWING trade. It did hit our forecasted bearish FIB 0.618 and our measured move. On our way to a reversal of trend anytime. Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy: 1. RSI still midway down 2. STOCHS towards LOW 3. Volume still needs a spike of SUPPLY for BUYERS to TAKE, but I am afraid a lot of HODL at this point. 4. Looking at support at 2.5 zone 5. We can then expect a strong support at the 2-2.5, right at the bottom of the MAJOR BLUE BOX, MINOR YELLOW BOX and the ENTRY AREA OF VALUE MARKER. Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES. Again, if it does, it will be a BUYERS MARKET and good for us all RETAILERS. Looking back months ago when the MINIMALIST BOX ANALYSIS was made. The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels. Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE. INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box) "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER. It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE. Q/A : What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION. The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY). DYOR for your Volume , Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology . Stay away from FOMO and FUD. NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time. My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast. It is all based if the right conditions are met. Generally, it will follow the MINIMALIST BOXES. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work. Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge of what I was taught. Vive Le Autist! Vive Le Diamond Hands!
COINBASE:MANAUSDLong
by The_Crypto_Samurai
2
Incoming Trend Reversal ConfirmationZooming in on the Daily chart to 2 and 4 hours, Mana broke out of the descending wedge and retested the bottom of the ascending channel, attempting a reversal in trend. Should it break through $2.96, there is nothing keeping it from entering the mid $3.20's for the first time in 10 days. Depending upon volume, there is always minor resistance at the middle of the ascending channel that sometimes sends it back down to the support before heading up. Volume is still low, any increases as of late have simply been a small number of people shorting the small bumps, which is totally fine (I do it because trend reversals need to set up first to have a meaningful move higher and is oftentimes more predictable). You'll notice that when it simply bounces, w/o a set up like on January 5-6 (28% in 16 hours) it gets rejected just as hard in the following day(s). But, this was an indicator that a trend reversal was inbound and that's where we are at, looking for a confirmation of the break-out in the coming hours. These are just the ideas that I am reading on the short-term chart and not financial advice. The MACD is not looking fantastic. Mana is back at the baseline of the Stoch RSI, supporting another attempt at moving higher...or at least not moving much lower. What we don't want to see is a close below $2.90 as that could lead to a short-term test of $2.50 area. The long weekend is coming to an end and I anticipate some higher volumes tonight and into tomorrow. As always, keep an eye on the Fed. news, BTC movement, and how Wall Street is trending. Keep a stop loss...still very volatile. Mine are a little loose right now because volatility goes both ways. Good luck.
BINANCEUS:MANAUSDLong
by keykomg
MANA - Rejected At The 12MA, Still Below Resistance Line Hope you find value from this post. If you did, pls like and consider following. Thanks. Here's the 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. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== MANA could not break through its 12MA and continues to stay under the Red Extended Resistance Trend Line. Retracement now could bring MANA back down towards the Green Horizontal Bar. Further push to the downside will bring MANA towards the Purple Support Bar 2.48 to 2.21 Today's first order of business is to find support at 2.8 or down at the Green Support Bar at 2.7 - 2.6. MACD: Histogram - Bullish Divergence. Stoch RSI: Bullish Divergence. Always remember to place your Stop Loss. Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:MANAUSD
by RSibayan
MANA in Persian means: permanentBefore going into the Rajab chart, let's talk about the news and the fandamental status of this currency ------ > As you know, a few days ago it was announced that the Australian tennis tournament will be held in decentraland. And that Samsung opened its own store in desentraland so on and so forth. But graph analysis After much growth due to the renaming of Facebook, mana had an upward trend to the price of $ 6 and then its price correction began.It currently has two major backers, one $ 2.49 and the other $ 1.58But how to enter: After the real failure of level 3.60, 30% of the money can be entered and after breaking the level of $ 4, bought another 40% and bought the remaining 30% after breaking the level of $ 5.21. Risk takers can buy their first 30% at $ 2.94 with a stop loss of $ 1.58, which is 36% of the loss with a profit margin of $ 5.21, which is a ratio of 1.3 which is a good number in r / r. Note: The loss limit for both systems is $ 1.58
BINANCE:MANAUSDLong
by aria1382
1