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MANAUSD trade ideas

MANA 30% move incomingHello all. There is no major change in mana chart since my last update so i will keep this short. Mana has formed a symmetrical triangle which is more vivd on the 4hr chart. This pattern has equal chances of breaking upside or downside. The apex of the triangle is very close, and will break on or around December 10th. Depending on BTC's performance, Mana will either break up towards the fib golden pocket, or retest the previous low. But what an over sold RSI we have on the daily. Makes me want to open more longs. Mana also trades above the purple resistance line of the descending channel and above the 50 day EMA. I see equal chances of breaking upside or downside so be cautious on this one. Check out my other charts on mana if you missed my previous updates. Thanks for reading, and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
4
MANA. Git sum.MANA. Boy oh boy. What a move. And THIS- my friends- is why I LOVE fibs so much. What a move up with the FB Metaverse news, but what is even neater is how we have managed to so beautifully retrace this move. With the parabolic move up came a nearly just as fast retracement; HOWEVER, we held the important fib pivots nearly perfectly. First trading right back to halfback and then ping-ponging up to touch the 0.618 extension and then down to the 0.382 and end up back at the 0.618 extension today. Hard to imagine this entire move has happened in barely more than a week, but such is life in the cryptosphere! We may just see it continue to bounce around these levels for a bit longer while we build up some more pressure here to be able to go for another run. We could also attempt to reclaim the 0.618 on a daily close and try to shoot off some more right away, but more likely that we move around this level for a bit before continuing higher. And this would be a good thing to help give the eventual push up move more juice in the engine. I have long-term HODL on this along with an intermediate time-frame swing that I did take half profit off at the 0.618 extension this am. Will keep the other half on just in case it does decide to shoot off again, but have orders to get back in the full swing size. 50% at the halfback $2.85 and 50% at $2.40. No clue if or when they will fill, but the orders are there just in case they do and the plan is in place. My long-term MANA I may never sell....lol.... I anticipate great things here, but as always I always reserve the right to change my mind whenever I want and as often as I want. These are just my 2 cents and a nickel, take them or leave them 😉
COINBASE:MANAUSDLong
by nurseblood
1
MANA looking bullish. $5 next.Hello all. There is no significant change in mana chart since my last update so i will keep this short. You can read more in my previous post attached below. Looking at MANA on daily chart, the stochastic rsi is in the over sold territory which is a bullish sign. Mana trades inside the ascending channel and can retest the top of the channel (resistance line) at around $5.9 which was is the current all time high. Mana also manages to remain above the previous high over $3.5, and also above the 50 day EMA. Candle wicks indicate that mana gets bought once it tries pushing below $3.5.This means that mana found strong support at $3.5 and right at the 50 EMA. Mana will reach $4 this week due to the bullish sentiment i see in the market. Check out the link below if you missed the drop. Thanks for reading, and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
4
Mana/Usd at H1 is forming a lower highThe Mana /Usd formed a lower high around 5, but once the price movement forms a bearish candle below 4.86, then the price will be expected to test the lows near 4.2 . Khiwe On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
COINBASE:MANAUSDShort
by Khiwe
$7 MANA still in playHello all and happy Friday. If you missed my last mana update and the trade setup, make sure you check the post below. Looking at MANA on the daily chart we see that we are above the 200 EMA and also found support on the 50 EMA. (Both are bullish indicators). The dump last night only played in our favor as it triggered all buy limits which we set according to the previous mana update. Currently the stochastic RSI is in the over sold territory (Daily chart) which can push MANA price back inside the descending triangle. I am looking to have a daily candle close above $4 which will keep us inside the descending pattern, and also above the previous ATH. Closing around $4.3 or inside the Fib golden pocket at around $4.7- $4.8, will be extremely bullish for MANA, and for the short term we can see $7 price target which sits at 161 fib level. This will be a 100% profit from the current price. Thanks for reading and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
6