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MANAUSD trade ideas

Decentraland (MANA) sending mixed signals for AltsMANA 1D has been forming an ascending triangle in downtrend as opposed to the more common formation during an uptrend. To form this pattern you need an initial rally where price action begins to consolidate between a flat resistance point and rising support trend line before continue on. Unlike in an uptrend, when the ascending triangle pattern develops during a downtrend it’s more likely to signal a reversal than a continuation. Very rarely will the pattern form perfectly and in the current market conditions we have seen many fake outs and overthrows across most coins so always look for confirmation. How to trade this pattern: Go long on resistance break out but only after confirmation. Go short on support breakdown but only after confirmation. With that being said it's seems more favorable for the bears that we would see a breakdown of support as the prevailing trend is downward and can often lead to resistance holding. With pattern trading or candlestick patterns its always wise to use another tool for confirmation of your analysis. Something such as the RSI can improve your odds of succes.
BINANCEUS:MANAUSD
by jlouvierobv
When market gives us worries we need to HedgeHi everyone, so market is taking another turn and we need to act and react. Do we panic and sell all our spot? Well if you think yes then you must have already paid the price a few times and haven't learned yet. Needless to say that if you are in this category you probably didn't take profit either when you should had. That's what happens to most, yes. In this cases one can think like this: Leave my spot intact and cover my exposure with a short position on some assets. Look for a chart under resistance and plan accordingly. Hope you like the chart. One Love, The FXPROFESSOR For me that chart now is Mana.
BINANCE:MANAUSDShort
by FX_Professor
3
Mana trying to flip the inv h&s neckline to supportIf it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which way it will go in the next 2-4 days. *not financial advice*
COINBASE:MANAUSD
by DrDovetail
1
⚡️⚡️ #MANA/USDT - 900%⚡️⚡️⚡️⚡️ #MANA/USDT - 900%⚡️⚡️ #HODL Entry Conditions: - RSI Daily Trendline Breakout - Dubai’s Metaverse Plan Targets 40,000 Virtual Jobs in Five Years We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000 companies operating in the metaverse and blockchain sector, which contributes $500 million to our national economy. News Source: finbold.com Entry Zone: 1) 0.5985 - 0.9610 Take-Profit Targets: 1) 1.349 - 12.5% 2) 1.705 - 12.5% 3) 2.184 - 12.5% 4) 2.792 - 12.5% 5) 3.504 - 12.5% 6) 5.101 - 12.5% 7) 6.068 - 12.5% 8) Leave open to ride as could be parabolic at this stage Stop Targets: 1) 0.2819 - 100.0% Entry Conditions: - RSI Daily Trendline Breakout - Dubai’s Metaverse Plan Targets 40,000 Virtual Jobs in Five Years We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000 companies operating in the metaverse and blockchain sector, which contributes $500 million to our national economy.
BINANCE:MANAUSDLong
by Kryptochristian
MANA/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. RR: 19.7 Possible upside: 1200% Possible downside: 61% Timeframe is on the weekly. Elliot wave cannot predict time so do not try to use the timeline shown here for your trades. What Elliot wave can do is help predict tops and bottoms (no one can predict these 2 accurately) With the predictions it's supposed to help you use it as a method to plan your entry/exit your positions.
BINANCE:MANAUSD
by AyoKu
2