MANAUSD trade ideas
ALT COIN LONG MANAUSDLong setup pre altcoin run, lottery ticket #4
I don't have an extensive explanation, the chart does the talking. look for breakouts above key moving average past the recent pullback.
MANA LongBillions already invested and getting developed for years. Yet people already forgot about the Metaverse narrative.
If Metaverse is connected to Generative AI it will be magical. AI games, Digital Twins and you name it.
Mana has finally hit the inv h&s target; close to channel targetWe can see Mana has finally reached it’s inverse h&s target and is also now very close to reaching the full descending channel breakout target too(dotted yellow line). It’s been a long time since I even checked this chart but glad to see it finally joining the full bull market with the rest of the alt coins. *not financial advice*
The bullish rally seems to have startedIt is in a very heavy resistance range.In my opinion, you should probably enter after breaking the range
DECENTRALAND - 200% Easy Gains Made! ✅In our last analysis we identified that we were in a correction and were looking for subwave c of wave B.
We got another perfect setup! Almost 200% made on this move.
We will be taking profits here and getting ready for the next move!
Goodluck and as always, trade safe!
Mana in a similar bear flag as gala was.Just like my previous idea I posted on gala, mana is also currently inside a similar bear flag where the flag is also a descending channel. The full breakdown target for this would be negative 1.80 so I think it’s more likely this bear flag breaks upward…the descending channel on its own usually breaks up so often when you see it as the flag of a bear flag it can increase the likelihood the bear flag breaks upward instead of down like they usually do. It could still break downward and not hit the full 100% breakdown target of course but I think its more likely it could break upward…it could also only reach the smaller bullish breakout target of just the channel instead of breaking up the length of the bearflag’s pole. Will have to wait and see….unlike gala we aren’t seeing any super significant bullish volume candles on mana yet, it also has zero candles above its channel as of yet…but that could change in the very near future. It has slightly less breakout potential as gala currently has as it would only go roughly 3x if it reached the top price target where gala could as much as 5x. *not financial advice*
Decentraland (MANA) on the Verge of a 30% Upsurge BreakoutTriangle Pattern Signals Breakout: Decentraland (MANA) is teetering on the edge of a significant breakout as it navigates the apex of a triangle pattern, suggesting a move away from prevailing market uncertainties.
Sideways Movement Observed: The 200-day EMA’s flat trajectory underscores a medium-term sideways trend, indicating a period of consolidation before the anticipated bullish momentum.
Resistance Levels Await: The path to a rally may encounter hurdles, particularly at the $0.5 and $0.6 resistance levels, which could serve as key barriers to the upward journey.
Market Recovery Fuels Optimism: As the broader crypto market shows signs of recovery, MANA’s price is expected to puncture its overhead trendline, potentially resuming its upward trajectory.
Correction Phase Within Boundaries: The recent correction, triggered by a broader market sell-off, has been contained within a triangle pattern, hinting at a temporary setback before a bullish continuation.
Technical Indicators Lean Bullish: Despite the ongoing correction, the daily RSI’s uptick suggests a bullish divergence, adding weight to the likelihood of a rebound.
Breakout Confirmation Awaited: The current trading pattern indicates a potential bullish breakout, which would confirm the end of the correction phase and signal MANA’s readiness to ascend.
Investor Watch: Traders and investors are closely monitoring the triangle pattern for a breakout signal, indicating an opportune moment to engage.
Market Sentiment Shifts: The evolving market sentiment, bolstered by recovery signs, plays a pivotal role in shaping the trajectory for MANA’s imminent rally.
Potential for Major Gains: Should MANA successfully breach the triangle pattern’s upper boundary, the ensuing rally could offer significant returns, with initial targets set at $0.5, followed by $0.6.
MANA Price Fights for Stability Above 200D EMABearish Reversal Alert: Decentraland's price faces a potential double top breakdown from the 50-day EMA.
Support Zone Struggle: MANA's current battle at the $0.42 support hints at an impending bearish scenario.
Downward Risk: A breach below $0.40 could spiral MANA towards the $0.373 territory.
Bullish Hopes: Despite bearish signals, a potential bullish reversal looms, aiming to defy the downtrend.
200-day EMA Under Siege: MANA's price hovers at the critical juncture of the 200-day EMA, a make-or-break point for the trend.
23% Decline from Peak: The price plummeted from $0.56, shedding significant value to challenge key support levels.
Buyer's Quick Response: A swift 3.50% recovery post a substantial drop showcases the buyers' resilience.
Double Top Breakdown Fear: The ongoing price action at $0.42 is crucial to prevent a further bearish slide.
RSI Shows Bullish Divergence: The RSI indicator suggests underlying bullish momentum that could fuel a price reversal.
High Volatility Warning: Investors are advised to seek confirmation before jumping in due to MANA's unpredictable swings.
Breakdown or Breakout: The fate of MANA hinges on its ability to maintain above the confluence of supports or face a sharp decline.
Potential Uptrend to $1: If bullish forces take control, MANA could aim for higher targets, challenging previous resistances.
Decentraland (MANA) to 10 cents** Warning to the bulls, this will trigger you! **
This is an extended forecast for the year ahead.
On the above 10 day chart price action has corrected 90% since the highs of $4 of late 2021. There are now a number of reasons that correction is about to extend to 98%. Why?
1) A breakout of market structure occurred in November 2022. Look left! That breakout has confirmed. Very bearish.
2) The same break of market structure is also observed in the MANA.BTC pair (below). Just like ETH.BTC
3) RSI resistance remains active.
4) The confirmed head and shoulders pattern is yet to arrive at the extension, 10 cents, which is also the next support.
5) Tradingview.com ideas recently published (last 30 days or so), all Long.
Is it possible price action stops correcting? Sure.
Is it probable? No.
Ww
10-day MANA-BTC pair
MANA: $0.75 | Road to MetaHighs $25++another world another market another era where goods services etcetara shall take place
and Decetraland takes the lead
we await partnerships and apps on top of this Platform of the future
Strong buyA strong buying area when the level is broken, entry plus a divergence signal from the MACD indicator can be entered at the level of $0.81.
Mana/usdt analysis by ictAccording to the existing volume gap at the price of 0.98 and a volume gap at the price of 2.88, the midpoint between these two price gaps is $1.8. And according to the shadow in the monthly middle candle, the price of 1.67 is a very big resistance, which will reach $2.88 if the resistance is broken. And the target of $1.6 is guaranteed. Good luck and win.
And you thought the Metaverse was deadNope!
Check this out my friends, I do not think we have seen the last of the Metaverse.
After we all made fun of it and dumped our bags on Zuckerberg, our favorite cartoon villain robot billionaire CEO kept doing what evil CEOs do - relentlessly innovate and make cool shit that we'll eventually be forced to buy because of its sheer awesomeness.
This is how our feeble protests are annihilated - through acquisition of market share. It's hard to escape that mind control future, folks!
So at least profit off of it and get in on this shit. Peep this - we are looking at a potential drive two of a wicked three-drives pattern - with this one giving us a potential 100x drive all the way to $45! - which sounds about right in terms of FOMO that the new generation of AI/VR products will drive.
Because this time, VR porn girlfriends are going mainstream - they're here to deliver the final blow to any hope of men and women having loving, human relationships ever again.
Oh, did you think that I thought this was a good thing? Nah. We should all fight this with every fiber of our beings. But we won't because Zuckerberg. Buying MANA helps.
Mana Breakout TargetsMana is primed for another break out.
We could have a nice pull back that would give you an even better entry.
Either way this seems very likely to play out.
Most of the alts are setting up like this right now.
Moneyflow is picking up and it seems history is about to repeat itself.
...unless the market corrects.......
MANAUSD above the 1D MA200 after 6 months. Bullish confirmed.Decentraland crossed today over the 1D MA200 and if it closes the day there, it will be the first time since April 22nd 2023 to do so. It may remain inside the 10 month Channel Down but crossing over the 1D MA200 where it had the last major rejection (June 5th) is strong enough to cause a breakout. Especially since this rally originated on a 1D RSI Bullish Divergence.
The overbought 1D technical outlook (RSI = 73.919, MACD = 0.023, ADX = 49.040) may cause a minor rejection near the R1 level but we expect to hit R2 (TP = 0.53450) before the end of the year. The only condition is for the 1D MA50 to hold.
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$SAND vs $MANANYSE:SAND vs EURONEXT:MANA
Boy was I wrong on #Sandbox. But that's why you cover trades at support, good move, as it ended up going much lower.
Both have been crushed during the bear market but @decentraland has outperformed @TheSandboxGame.
Compare the highs of NYSE:SAND vs EURONEXT:MANA & they're at a similar in price now!
Diluted mkt cap is better on NYSE:SAND 70% vs what it was before, last unlock was brutal, but not as good as EURONEXT:MANA 82%.
Still like both projects, final comparison:
MANA put in LOWER 2021 LOW
SAND HELD 2021 LOW
#P2E #P2EGame #crypto
Decentraland dump incomingUnlike what people thinks, Bitcoin is in the supply zone, what means that it still has to go down towards 20-22K before the bullrun starts.
As all coins follow Bitcoin, Decentraland has to dump around 30% despite the upcoming event.
Decentraland is following a parallel channel, so it is at or below 0.19 dollars the perfect zone to buy.
Not financial advice.
MANA - Head and Shoulders PatternMANA forms the head and shoulders of the pattern under the resistance of the descending channel.
MANA/USD (Decentraland) 1w LONG-TERM MANA/USD (Decentraland) 1w LONG-TERM Analysis.
✨We have witnessed 2 different cycles between 2018 and 2023.
✨It is now 700 days since the peak. the parallel channel has worked well so far.
✨We have reached the end of the 700-day downtrend. the weekly rsi value also confirms this. The centre line of the parallel channel has also worked well.
weekly rsi: 34 Now
>>In the rally towards the end of 2024, I think that mana will be strongly accompanied. I think it will exceed the old ath level.
And we also look MANA/BTC
weekly rsi : 26 (OVERSOLD)
DECENTRALAND - Impulse, Correction... 200% To Be Made!MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse.
We are currently within the correction and looking for Wave B completion.
Will be looking for lower timeframe price action to tell us when to enter with a small stop loss!
Goodluck and as always, trade safe!
MANAUSD (4H) - Bullish breakoutHi Traders
MANAUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 0.3033 resistance level. Only the downward break of 0.2852 would cancel the bullish scenario.
Trade details
Entry: 0.3033
Stop loss: 0.2852
Take profit 1: 0.3146
Take profit 2: 0.3327
Score: 7
Strategy: Bullish breakout
