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
Russian Dolls, cont......With their accuracy, they should be more like Swiss dolls. I put this idea out there yesterday...so refer to that. I had indicated on yesterday's post/chart, needing to adjust the idea to fit the chart once we dipped again because at the very least we had to dip to confirm support...just didn't know if MANA was going to go for the $2.80 or $0.75 zone. It still may, but based upon last night's low, here is where we are at. So far, the purple and orange are playing out. The dashed green line is based on the trend line from the ATH's. The crazy fib. was for fun...it's the extension from the previous Bull run. You'll notice these cups are pretty close and spot on for a couple...weird...but that's what made it fun. Crypto is fluid...adjustments all the time, especially when making short-term ideas. These are just ideas in which the 1st two have already played out since last night, not financial advice. There is no way to read this as a function of time.
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.
Russian Dolls?Is that a thing? MANA, since the parabolic rise, has lost and gained based on C&H and IC&H patterns. One cup leads to another, kinda like those Russian dolls that fit inside each other. These are just ideas, not financial advice. The reason I published this is because the numbers add up based upon the assumption that the bottom is in and $3.52 is the baseline now. Should it drop to test the drop from the other night, I added that these formations are still valid, but will have a different baseline. That's not a bad thing, because with this token in particular, the bigger the drop, the bigger the rise. Should MANA (when) drop(s) below $3.52, I will adjust the cups for your ease of reference...but for now, based on the assumption MANA is going up from here, for now, these are my ideas, and the data does support these levels. I'm not necessarily "long on mana." These short-term trading ideas don't involve an ATH, just a recovery before a potential drop that I will tackle should the market indicate a need.
I see a lot of comments on other analysts' posts that are negative...chill out. Nobody has been rude to me yet, so let's keep it that way...not to mention, if you took my ideas and did your own research, you would've gained 36% when the market tanked 18%. It's not always going to work that way. They are just ideas and not financial advice. We read them for either confirmation of our own ideas, new ideas, or if you have no idea what you're doing. If you have no idea what you are doing, start reading and be careful. It is a very volatile market...and yes, some of the ideas are bat$4!t crazy.
MANAAfter Breakout min Nov, Price peak @ 5.50 lost momentum with previous highs as seen in price divergence with MACD . This was followed by Double Top and break of Uptrend Trendline. Price dipped to 2.61 and pulled back to 4.00 were buyers were fully rejected by Moving avgs. Sellers flexing strength.
Price looks to continue move downwards and retest support @ 2.50
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!
