MANAUSD trade ideas
Having Fun Speculating with ManaDrinking Kombucha on a Friday night playing with the Mana chart Elliot Wave Count. Mana looking bullish. The TP - Take Profit ideas are prices to watch for spot trading and hodlers to sell and then buy back in on the dip at the BB CBO - Buy Back Cheeky Buy Order - These are the price levels to watch for potential bounces. Of course we may not hit these targets, they may extend or fall short. I'm just playing with speculation to entertain myself becuase i've had too much caffine! What are your thoughts?
Let's see how this plays out.
MANAUSD Falling Wedge breaking to the upsideMANAUSD/ Decentraland is inside a Falling Wedge pattern, which after January's rally looks more like a Bull Flag. Typically Falling Wedges break upwards, it is the inverse of what happened with the Rising Wedge of mid August.
Target Resistance A (0.8450) and Resistance B (1.1280).
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MANA - Perfect Elliott Wave Impulse!MANAUSD looks like a picture perfect impulse. We can see clear impulses and clear corrections. We can see that we've completed the 4th wave and now we're in the 5th wave.
We are expecting 5 subwaves for the 5th wave and we can see that we're in subwave 2 now. The lower subwave 2 goes, the better (as long as we stay above blue structure)/
Trade Idea:
- Watch for the current correction to break out
- invalidation level is below 0.27
- Targets: 5, 6.4, taper rest as we move higher
Goodluck and as always, trade safe!
#MANAUSD - So Many Good Trades, Here's Another One!Over the last few years #DECENTRALAND has been one of our best performing trading pairs, providing consistently profitable trades time and again!
Here's another example coming up right now, we predict the price being rejected by the trend line it's currently sat on, dropping around 40% (a huge amount!) to meet the lower trend line.
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What Do You Think?
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MANAUSD long MANAUSD is a highly speculative crypto that has found support on an earlier given support zone.
We did get that prominent 4 hourly close indicating that the trend is about to change. At this point I entered a trade with 5x leverage (14. February)
MANAUSD has the potential to move between 20-50% which is reasonable with its 200% gains
MANA: Short term BullishWho knows how the markets will respond to the Fed on Wednesday and Friday this week? It doesn't have to make sense. Inflation should have bolstered crypto because it's inflation-proof by design...but that didn't happen last year. This just means, for me, I will keep a close eye with tight stop losses. MANA is currently set up to at least revisit the resistance of the ascending channel (green), around $0.82. Following its rejection at $0.81, MANA has consolidated around the middle of the channel and is showing strength as it follows support (red dashed line). It may retrace back into the channel before heading higher to the low-mid $0.90s. The MACD isn't horrible and beginning to tilt upwards to cross into bullish territory. This post is not financial advice.
Altcoins are RIPPING, called this upcoming move day before!Posted elsewhere, copy paste
So, like saying b4
Most #altcoin performing well
Called few of these
Picked up last night $CGG
2x in a day $HIGH
$ILV
$DERC
$MANA
More moving well:
$CUBE $WILD $YGG $VOXEL $SOUL $NAKA $XED $REVO $MBS $CWAR $ONE $VRU $SIDUS $XWG
50%s
$CWS $GCOIN $MONI $GQ
#crypto
MANA/USD: bullish setup toward $0.94 MANA look very interesting to long this cryptocurrency. I decide to make an analysis to trade altcoins. As this it's one of the crypto example to long. I will put a buy order limit in $0.69 cents, Stop Loss fix in $0.6161 USD and take profit to $0.94 cents.
So guys, we hope that Daily candlestick closed up with a bullish signal in the price action to take best decision to long. If we see a bullish signal in the closed up of this Daily candlestick, we can to think that MANA it's going to strength the trend.
I hope that this analysis support you!!!
Good luck!!!
MANA: Slow but Steady ConsolidationSame chart as two days ago...still consolidating within range. As much as it is following the parallel channel(s) for a bullish scenario, should supports fail, the bearish M pattern is still on the table. Just below $0.81 and again at $0.91 will bring resistance should MANA break higher. A drop below $0.59 would invalidate the C&H. This is not financial advice. Keep an eye on the price. Apple news is always great, but they will ultimately do their own thing...because that's what Apple does. Do you own VR products or just trade? Adoption is key...consider investing in some hardware.
Decentraland: Indecisive ๐
๐ผDecentraland is currently moving sideways, being quite tempted by our alternative scenario with a probability of 35%. In this case, the coin would exceed the resistance line at $0.7813 and rise into the blue target zone to finish up the pink wave alt. before heading back South. Primarily, we expect Decentraland to get back on track to fulfill the corrective low of the pink wave within the pink target zone. Once completed, the coin can start its bullish maneuver and climb North.
MANA $1.20 boundMANA broke the resistance of the macro descending channel (orange) 4 days ago and is currently still above that zone. Although there is a potential 'M' pattern forming (red), there is tremendous support all the way down to $0.59. I think the latest momentum and industry growth leans toward a more bullish scenario. Although these are simply my views and not financial advice, I believe MANA is going to follow the micro descending channel (aqua) as part of a greater ascending channel (green) as it completes a cup and handle pattern that began November 4, 2022. Should MANA break below these channels, in favor of the M pattern (red), I would expect the price to dip back to the $0.30 area.
MY MINIMALIST CHART ANALYSIS FOR MANA$MANA
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
09.01..22
0936H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Entries for a BULL SWING when $BTC starts up and running.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20-30. It has been accumulating for the past 4 months and is in a zone where it is very attractive for BUYERS.
Bitcoin is also holding strong support at the 20k zone and is shy away from being oversold at the point of the previous capitulation.
1. Mana is close to being in the zone of capitulation and is a sign of strong support.
2. Because of FUD, it can push further down to our third entry at its lowest.
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Hurdles, with strong support ahead for MANAMANA is on a tear. It broke out of a descending wedge (green circle) and has a target of $1.25 which also corresponds with the fib .618. The $1.25 price target is further supported by an Inverse H&S that began forming in early August. However, MANA hasn't broken out of the descending channel (red circle) but is gearing up to push past at $0.74ish. Minor resistance at $0.80 and psychological at $1.00. Don't be surprised if MANA dips to the $0.59 area before pushing higher. These are just my ideas and not financial advice. Good luck.
MANAUSD Invalidated two bearish patterns. Aiming at the 1D MA200Decentraland (MANAUSD) broke today above two bearish patterns, as shown on this 1D chart, a Channel Down (blue) and a Falling Wedge. At the same time it is trading the higher it has been above the 1D MA50 (blue trend-line) since November 2021 and the peak of the previous Bull Cycle.
All this while the 1D MACD is above the 0.000 neutral point with the green and red histograms rising since August. This is a major bullish break-out for MANA, which is now targeting the 1D MA200 (orange trend-line), which has been untouched since April 05 2022.
The short-term target and Resistance is the 0.382 Fibonacci level but at this point, MANA looks poised to make contact with the 1D MA200 (orange trend-line) for the first time since April 05. A closing above the 1D MA200 would take us officially into the new Bull Cycle. On the short-term the upper Fibs can be used as gap filling targets.
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