Play-to-Earn, The Metaverse, and Emerging Markets ($MANA, $SAND)Play-to-earn games have been gaining a lot of traction lately, but how it does fit into the "metaverse" and its upcoming growth trajectories? An underlying trend worth looking at, imo.
MANAUSD trade ideas
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.
MANA Resistance LevelI believe that in the future MANAUSD price will break through the short-term resistance level and rise to higher prices.
MANAUSD: Crypto Uptrend ChannelMANA Crypto is holding solid support during selling pressure. This is bullish to me. Still, be cautious if MANA falls below the .618 level of support. Then short entry is more favorable for the bears.
DecentralandThese are levels that I'll be keeping an eye on when dealing with MANA/USD, and I'll revise as price action progresses.
I adapt to the change in money flow.
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
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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.
$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.
MANA -- Wyckoff Reaccumulation After Shakeout (UPDATED)Updating this chart slightly. I still see MANA as in reaccumulation and expect further upward momentum.
$MANA..Where to next?!One of the great metaverse coins..
A break to either direction, great trade opportunity!
MANAUSD LongBullish
1:Strong Weekly Support at 2.829
2:Strong Daily Support at 3.199
3: Fib Retracement from 0.8
4:Inverted Hammer
Bearish
1:Lower High and Lower Low
2:Daily Resistance at 3.66
Plan A
Buy At the current Price
Tp 1 would be the daily support level of 3.89
Tp 2 would be 4.319
Stop Loss is 3.19
Plan A1
Buy if it breaks the daily resistance of 3.40
Tp 1 would be the daily support level of 3.89
Tp 2 would be 4.319
Stop Loss is 3.19
Plan A
Sell if it Breaks the daily support of 3.199
Tp 1 would be just above the weekly support level of 2.829
Tp 2 would be fib level of 1
Stop Loss 3.89
MANA is a meta-universe concept cryptocurrency I'm going to add it to my asset analysis group. Follow my ideas if you are interested in this asset.
Decentraland AnalysisDecentraland is on a corrective wave right now. These are our current potential buy levels. Like & Comment your thoughts.
Until Next Time.
MANA to $7MANA could be 7 by christmas if it follows this elliot wave. I accidentally included SQQQ on here, which I am also bullish on lol.
decentraland supporthere are some rough accumulation/support areas for decentraland. these are my opinion and personal support levels. not financial advice. nothing is exact!
MANA about to blow Currently sitting on a giga chad trend line, should be an explosive move coming, my money is on the upside!
Metaverse is the next big thing after Bitcoin BUT.... the road to true metaverse, Ready player one type world is still 5 - 10 years away
- nothing goes up in a straight line
- expect severe corrections in between
- put together a portfolio of solid metaverse cryptos and remain strong with your conviction
- MANA, SAND, BLOK, NTVRK, NAKA are among the horses you should bet on
MANA build up? This mana Chart is looking very similar to my past bull flag analysis I hade made!
How high do you think we can go this time?
