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MANAUSD trade ideas

Simple perspective...Are we in a slow bleeding downtrend or meaningful consolidation? I believe the latter for several reasons. We've all seen this before and hopefully, everyone's nerves are a little more stable in 2021. Tokens with lower market caps like MANA generally don't behave like this if they were a one-time, random, pump and dump scenario. The price gravitates to the upper end of the purple dashed descending channel. There is significant support at the $2.45-$2.50 levels and this support has been sitting here the whole time, waiting. Conversely, besides the immediate $2.56 'short' selling pressure, there is relatively no selling pressure until $3, $3.50, and $4.50. Everyone in between these prices have been shaken out over the week and I also believe that the $3 selling pressure will decrease should we get some volume in the next 24 hours, breaking the upper trendline, setting the stage for $4, $5,$7.50, and $9 targets. Lastly, the metaverse has huge potential. Decentraland isn't just a meme token with little intrinsic value. Albeit in the metaverse, MANA is a tangible asset. This is my opinion and not financial advice. I keep tight SL's. Mine is predictably dbl. the ATR, below the lower trend line. Good luck.
COINBASE:MANAUSDLong
by keykomg
1
MANA, In Absolute MANJA-PHASE, 10 USD As A Upcoming Target!Hello, Welcome to this analysis about Decentraland under the ticker-symbol MANAUSD, we are looking at the 4-hour timeframe perspectives. In recent times in the cryptocurrency market space, there are boiling up some pivotal altcoins to consider with appropriate opportunities in the middle-to-long-term-basis. Although many altcoins are still in consolidational or bearish phases there are some gems within the market that show the proper technical and fundamental prospects for potential worthwhile setups to come around with, in this case, now I discovered MANAUSD within the main manja-phase and with the formation here that has the ability to complete showing up considerable opportunities along the line. As when looking at my chart we can watch there how MANAUSD printed this major massive absolute exponential-impulse-wave to the upside shooting almost above 600% through the roof in just 3 days and establishing an astonishing paradigm. Now as MANA managed to hold above the 50-EMA in red and the 25-EMA in green it is printing this decisive descending-channel-formation in this structure with a coherent wave-count within, when this wave-count completes and with MANAUSD managing to appropriately bouncing within the area above the ascending-trend-line in blue and within the EMAs this will be the origin of the completion of the channel as a bull-flag and the activation of the next exponential-impulse-wave. Taking all these central factors into the consideration now it will be important to elevate on how MANAUSD completes this whole potential flag-formation and how it continues afterward, in any case as it is always necessary it is highly important to await the completion of this whole formation with a breakout to the upside before moving finally into this concluded directly. Once MANAUSD has completed the whole formation appropriately the 10 USD target will be activated and once this target has been reached MANUSD has to show if it manages to continue with a possible next formation or firstly reverses, for now, we should be prepared in any case on upcoming volatility with this altcoin, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:MANAUSD
by VincePrince
30
MANA: Accumulation... Then Time to Fly AgainAfter a massive 600% pump between 10/26 - 10/30, MANA has retraced and tapped the .618 perfectly at $2.34. Bullish Scenario: Consolidate in the current range and break above the downward trend line as shown above. Bearish Scenario: Break below the .618 and test the .786. I would think the bullish scenario is more likely to play out, considering the flow of the rest of the market. If BTC dumps, then this will go down. This is not financial advice. These are just my ideas and opinions.
COINBASE:MANAUSDLong
by LA_Designer
4
Virtual vs Real EstateA picture is worth a thousand words. This is good news for the "Metaverse" and crypto as a whole, since it shows that traditional assets and crypto assets don't necessarily correlate. MANA is the "virtual real estate" coin that Decentraland uses, where as that line slowly sinking into nothingness is Evergrande. If we see a similar pattern emerge in other real estate markets in the world (which seems likely at this point), the boost to the "virtual estate" worlds may be something never before seen.
COINBASE:MANAUSDLong
by RyanTanaka
MANA Bullflag on 4H - compared to FTM a few weeks agoMany analysts see a falling wedge on the 4H chart of MANA/USD, though I see a big bullflag which has formed itself over the past few days. Of course I could be wrong but I exect the price to drop just one more time to approx 2.62 before it goes up again and breaks out. For reference I have added the bullflag on FTM to the left in orange. I will be watching the price development closely and will try to take my position in the beforementioned price. NFA!
COINBASE:MANAUSDLong
by JoshAMS
MANA NEXT WAVE UP ABOUT TO STARTAfter a 600% move up last week, MANA looks to make another run with a near 3X return off the retracement lows. 4HR MacD is curling up and ready to cross. BTC chart pair looks great as well. Take profit levels would be $3.95, $4.95, and $6.80 Personally, I believe it will reach all the way to $6.80, which is my measured move and just above the 1.618 extension. Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
BINANCE:MANAUSDLong
by CryptoDude79
3
Not convinced of a massive rise just yetThough MANA has broken through a descending wedge, we can see that volume is pretty low for this rise AND we can see that the White Energy has been above the Green for this whole rise, as well as crossing the Red line moving downward. Ultimately I can see MANA rising substantially in price as vr takes hold of our collective psyche, but I do not think the massive rise will be coming now unless Btc and Shiba really take off and people start putting profit into this new potential gain maker. As this is just the 4hr I can see in the coming days or weeks having a larger upswing.
COINBASE:MANAUSD
by Turtle_Lightz
MANA Breakout confirmed - $6 next? MANA finally broke out of the falling wedge after moving within the pattern for a few days. Now that the price finally managed to break out above the trend line the next challenge is to pass the resistance around $3. When looking on the 1H chart the price did not manage to close above $3, despite reaching $3.08 for a moment. There is a small possibility that the price drops until the trendline before bouncing back up again. I have taken my position at $2,71 and will be targeting to take profit around $6. If the pump is similar to the previous pump we might even see $8,35 even though I believe that is too much wishful thinking. Depending on how the chart develops itself I will determine where to take (partial) profit. How to read the chart: - Red bars are resistances - these will turn into supports once the price breaks above it - Horizontal lines are fibonacci extension lines showing where potential upcoming resistances are and where I could take profit (usually a bit below the fibo line) - The arrow shows how i believe the price will develop over the coming days - The horizontal dotted line is where I have entered a position Please note: this is not financial advise, but only my personal analysis and idea :)
COINBASE:MANAUSDLong
by JoshAMS