MANA is ready to do somethingWaiting for MANA to pop, its been consolidating for a while. Will BTC and ETH gains come here in attempt to recover this near 50% loss?
MANAUSD trade ideas
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.
MANAMANA Must break with power, with volumes to out form channel.
Before we wait to make a W down, it s a sign she want to change the trend
Hope I am WrongJust looking at the daily candles and found out that there is a bearish triangle pattern. We have our resistance line at 0.382 fib level. If the bearish triangle pattern confirmed we are going to search support at 0.618 fib level.
Hope that I am wrong enough and that theory will not come true.
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.
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.
Up to date
Now the pattern appears to be complete. It seems to be just a question of time and, still most important, a question of keeping emotions balanced.
Mana / US Dollar SimulationMONITORING MODE IDEA
Simulation based on fibonacci marked fractal.
Steepest fibs are more related to TIMEFIBS than the rest.
Subjective targets of the whole masses of market are at intersections of black lines.
Check how valid your target is within the simulation.
Evergrande vs Decentraland - Virtual vs Real EstateWhat's the correlation between real-estate and virtual-estate? A picture is worth a thousand words.
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!
MANA triangle patternMANA presenting a triangle pattern, be ready for price breakouts outside of the triangle.
MANA - HUGE triangle on the 4H chartUsing the same chart but analysing the trend on the 4H view, it seems that MANA has formed a huge bullish triangle and is about to break out. Before the big price explosing around a week ago, MANA also had formed a similar pattern when it was still trading below $1. As people say, the future does not repeat itself, but it tends to rhyme.
Please note: This is not financial advise!
This can be a possible scenario for the next daysThe EW analysis shows Mana is ready to go again. This is not financial advice.
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.
Decentraland (MANA): more upside to be expected (soon)Decentraland broke out of the bullish pennant on the 1hr time frame and is making a nice flag above the upper trend line. It looks great for another buy.
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.
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 :)
MANA won't stopBig falling wedge has broken out.
MACD rolling up but has yet to cross over (4hr view)
RSI is moving upward
Fib levels are resistance levels. Take profits at these levels.
Green arrow measurement comes from the flagpole (measured from from ~0.75 to ATH)
The 8MA is about to cross over the 21 MA from below with increasing volume
Stop loss at ~2.4 seems reasonable
~6.6 would be top target
NFA
MANA! Swing trade Mana is looking like finally looking like breaking out.
Don’t miss this bad boy.
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
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MANA - Clean Breakout, Whats Next?This is a nice short term parabola on MANA. That was followed by a 'by-the-books' breakout and retracement to the 62% fib level, followed by consolidation within a falling wedge and subsequent breakout that is currently fighting the 50% fib level.
This looks like it wants to bounce around support/resist levels a bit to decide how bullish it is. I suspect given the current sentiment in the market that Mana could have more upside, and the wedge itself is a bullish pattern, but ADX and MACD also indicate bulls waning in strength. This resistance at the 50% fib level is key for bulls in the short term, MACD indicates the possibility of further downside in the very near term if bulls can't mount a rally.
I will keep an eye on the price action against those levels, and the MACD to see how it responds to a possible bullish cross in the coming day(s). I think that will give us a clear indication of which direction MANA is going.
MANA/USD broke out of wedge(bullish)Hello traders ! Mana just broke out of giga falling wedge this coin can go a lot higher than you can even imagine ! The huge META hype around ! Remember the trend is your friend until the end
