MANAUSDTHello Traders,
As we can see that mana is on the proper support and we can expect a bullish trend from here upto upper level as per the chart plan.
MANAUSDT.PS trade ideas
MANAUSD ❕ broke down the channelMANA has broken below the upward channel.
The asset has fixed under 50EMA on 4H TF.
RSI is moving in the sellers zone on 4H and 1H TFs.
I think the token will continue to decline after fixing under the support level.
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Mana go for short See the skyblue line support and the trendline (violet) also broken with high volume it means the bear controls the market and the support (white) turns to resistance and didnt break go for short
#mana longwe can expect a pull up from mana but wait until it will come to support line after that we can see a pull back from there.
#MANA long as per the current scenrio mana is moving in a range we are expecting a breakout from here.may see a bullish moment.
MANA/USDT Trend Is Getting WeakerHey traders 👋
MANA coin is next that caught our attention with a nice potential for a breakdown to happen near the current trend line. What we need to do now is just to wait for that breakdown meaning we do not suggest you to take any positions here unless we see CLEAN breakdown!
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Mana will play in the range and a safe long has appeared2% downside for 6% upside
Mana will go up because the gods will make it so.
MACD and RSI looking fresh
I also believe the NFT land / gaming alts are yet to run 20% there is a chance for a much higher return here.
This trade is invalidated upon stop loss, most likely cause for stop loss will be BTC or ETH shat the bed.
Happiness before the fall?MANA currency is close to its downward trend, although it has formed an upward trend in the short term, and now there is a possibility of growth up to the limit of this trend, so there is a possibility of a 10% growth up to the specified range for this cryptocurrency. There are important support and resistance points for this currency. It is within the specified limits
Mana Trading PlanMana Trading Plan
Yellow lines - TP zones
If Risk averse - wait for descending resistance break out
MANA Decentraland and the Altcoin Season ThesisIf you haven`t sold MANA here:
Then you should know that the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including MANA Decentraland, for which my price target is $0.50.
Looking forward to read your opinion about it!
RR=3 buy ideaprice bounced at support trend line after a breakout of flag pattern , it might go up and form a a gartley and butterfly pattern
PS never risk more than 2% of your capital per trade
Decentraland (MANAUSDT) 1-Hour ChartMANA is currently providing the opportunity for a long trade.
This is an intraday trade strategy, which fundamentally suggests that as long as the price stays above the weekly open, we go long.
Ideally, we're looking for the price to hit $0.4023, with a stop loss set at $0.3797.
MANA - Looking for shortsIn the 4H timeframe, price is attempting a breakdown from the bear flag.
My primary count considers we´ve finished wave IV, therefore I expect another lower low below previous wave III low (at 0.3050).
This count is valid as long as we stay below the purple line.
#Mana | #Usdt#Mana
Long
Entry : 0.369
Target : 0.3715 / 0.3775 / 0.3827 / 0.3897 / 0.3998 / 0.4064
SL : 0.348
Don't risk more than 1% of your capital
Possible break out!Mana is currently in an accumulation phase while BTC is showing a strong upward impulse. If BTC maintains its strength, it could potentially ignite a rally in altcoins. Participating in the price action during a breakout is always an exhilarating opportunity. Personally, I'm closely monitoring Mana, and once it experiences a breakout, I'll be actively seeking a long position to capitalize on the upward momentum.
MANA can touch 0.8-0.9 very quick..#MANA can touch 0.8-0.9 very quick.. more than 120% UP from current price with in 6-7 days..
MANAUSDT a Sure @ BUY LEVELWill MANAUSDT repeat the history...
@ a nice buy zone....
as this week is really volatile, add slowly ...
NAFA
DYOR
ThankYou
Its a small idea
MANA Decentraland is considered a security by the SECIf you haven`t sold MANA here:
Then you should know that recently the U.S. Securities and Exchange Commission (SEC) classified Decentraland (MANA) as a security. This means that MANA, the native cryptocurrency of the Decentraland virtual reality platform, is now subject to securities regulations and requirements imposed by the SEC.
The decision to categorize MANA as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in a particular project or platform. As a result, Decentraland and MANA will be subject to compliance with applicable securities laws, including registration, reporting, and other regulatory obligations.
This classification by the SEC highlights the increasing scrutiny and regulation of cryptocurrencies, particularly those involved in projects that resemble traditional securities offerings.
My short term price target is $0.35.
Looking forward to read your opinion about it.
Green bananasCant see a nice developement of a C leg... Projecting a potential.
Even tho Leading diag in A and Ending diag in C of a zig zag is rare.
green bananas still. Maybe not ready to be taken yet.
Daily Bullish GartleyHi
Long on Decentraland / USDT.
Daily Bullish Gartley.
PRZ 0.40 /0.3ç
Stop Below X.
3 Targets = red areas.
RR 1:3 / 1:6 / 1:9
