Mana Bounce before the BullsI think the divergence in indicators shows bull a few days ago then a bear divergence again. If we hold the support a bull run will happen. In this case it might form a double bottom. Not a financial advice
MANAUSDT.PS trade ideas
MANA/USDTthird wave could be done as I drew in the Chart and might approach the marked Targets.
Hope so :)
TS ❕ MANAUSD: double topMANA formed a double top at the resistance level and bounced down.
I expect the fall to continue.
SELL scenario: short to 0.054.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
#MANA/USDT 1HOUR UPDATE BY CRYPTOSANDERS Hello, community members welcome you all to this MANA/USDT 1hr chart analysis.
mana/usdt1hour analysis and cup and handle complete and buy green zone.
leverage:-5x to 10x leverage
entry:-$1.11,$1.16
target:-60% to 80%
stoploss:-0.9910
Remember: This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade...
happy trading...
thank you...
MANAUSDT Analysis May 15, 2022We turned Bullish on Decentraland, MANA . The two BUY signals fired on Saturday evening and MANA is looking mighty fine after an Open/Close above both the ($0.70) Support and the Daily Downtrend. We can see over 100% and possibly 300% profit from this Support Line. Our next Resistance Level is at ($1.50) and then not again until ($2.85). We'd like to see a UMAC (Cross) signal too.
It looks like we found a very strong support area around ($0.70). If we look back to the October/November range in 2021, we held this support level for over a month, and then look what happened...Not Financial Advice...Trade with Confidence and Control.
#MANAUSDT 4H Chart
Price previously tapped into a major 12h demand zone from where it moved up heavily from leaving another major 4h demand zone at $0.777 with an imbalance between $0.835 and $0.95. MACD is showing bullish weakness, RSI is bought and EMAs are neutral. Price is currently getting rejected from the 7h breaker zone and it should now fill the imbalance and tap into the 4h demand where we would be looking to buy from and move up again from there.
TS ❕ MANAUSD: still movingMANA is still moving in a descending channel and has now reached the upper limit, in addition, the price is now near the resistance level. I expect a bounce down.
SELL scenario: short to 1.054.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
MANAUSDT Due to the completion of the correction and the price reaching the downtrend line and the 61.8 Fibonacci level, as well as the negative divergence in the lower time, I expect the price to start falling at least to the previous floor. Be profitable.
I traded with my real money 20% capital #3 Shorting manaMy 2nd trade eth is still open since yesterday. Now I think mana is a good sell. not a financial advice
Decentraland MANA Price Targets and Stop LossMANA/USDT
Entry Range: $1.15 - 1.37
Take Profit 1: $1.55
Take Profit 2: $1.75
Take Profit 3: $2.20
Stop Loss: $0.95
after the short
MANA MUSING. Slightly Apprehensive bullishGood morning, good afternoon and good Evening to all.
Just taking some notes on mana's price action. its the weekend so we could stagnate for a few days before we move but I have alerts set up at the areas of importance. Please use as you wish to add to your own thoughts and please comment if you have something else you would add.
Trading psychology wise. just be aware its been weeks of red for a reason and quite often that reason is to lure people into false hope at the first break of structure. we are already seeing a slight increase of longs coming into the market as open interest is moving up also. This could mean we pop hard and hast to the upside and take out the lined up short liquidity at the same time FOMO retail into thinking "this is it the bottom is in" we are in fear and greed level 9 which I don't think we have seen in the over a year.
Area of confluence,
Daily Open, Daily pivot
2x weekly s/r
and an order block that
caused the CHoCH structure break.
if price comes back to this area look
for confirmation on entry time frame for
longs and target weekly pivot with TPs
at next levels
If the above area fails
look for a retest entry
on lower timeframe and
target demand zone below
with TPs along the way.
if we continue up from here look for rejections or retests of key levels,
just remember the faster the move up the harder the fall.
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MANA Took an Early Recovery on the Support Level Price recovered from the decline very early from the support formed. Here we can see that price move back inside the lower boundary of structure while this has a chance to reverse one more time before the lift off. A bull requires a bullish breakout to be confirmed first on the resistance formed.
manaMANA had nice run of 70%
need to retrace
any 30 min close below im opening a short to target lower range
will be clear rang and quick move down.
MANA/USDT 1HR CHART UPDATE BY Domino Crypto!!Hello, community members welcome to this MANA/USDT 1hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that MANA/USDT created an INVERSE HEAD & SHOULDER pattern which is a bullish pattern.
In the current scenario, MANA broke the neckline and currently trading at the price level of $1.2.
Now, here I am expecting a retest to the neckline which will be the confirmation of long MANA.
RSI also follows the trend line well and moves upward.
At some % below MANA also getting support from the blue MA, and in another case, MANA can come done at the blue MA to retest and can pump from that zone also.
ENTRY:
leverage:-5x to 7x leverage
entry:-$1.12,$1.15
target:-40% to 50%
stoploss:- $1.0
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
Manausdt longjust wait for a second breakout to upside. in contrast, if it breaks below the right shoulder u can enter to a sell position
MANAUSD hit and bounced on the 1W MA150Decentraland (MANAUSD) is almost on a +70% rise since yesterday's Low, with the rebound coming on the 1W MA150 (red trend-line), which got hit for the first time in history. The fractal though resembles that of the mid April High both in terms of price action and 1D RSI.
That sequence rebounded on the 1D MA200 (orange trend-line) instead of the 1W MA150 but as it failed to break the 1D MA50 (blue trend-line), it eventually dropped to a Lower Low below the 1D MA200. The Fibonacci level below the 1W MA150 is the 0.236 at $0.5300. As a result we believe that until the 1D MA50 breaks, which was the bullish break-out point in 2021, MANAUSD remains bearish.
Notice how well those Fibonacci levels (extensions and retracements) have been accuratelly providing Resistance and Support levels these past 12 months.
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I'm shorting MANAI' was watching APE but I've ended up shorting MANA. On chart you can see my target and my hypothetical stop loss....
I think right now it's at resistance even if it keeps going up but hopefully volume won't support.
Good luck
MANAUSDT NEXT RESISTANCE LEVEL 1.4$ ? Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Checking our 1D TF we can see that $MANA price action has bounced strongly from support level 0.7000$ which acted before as an Support&demand pattern ( accumulation ) for a previous bullish impulse on 28 October 2021 suggesting
that its a POI for many retail traders buying the asset on a discounted price .
- On 4H TF $MANA just broke above level of S/R of 1.000$ - 1.1000$ , would like to see the buyers pushing towards 1.215$ showing they have the strength to trade higher as the price would be lifted towards level of 1.4000$-1.5000$ S/R
level , buying pressure seems decent and this is a good sign to trade higher
- Meanwhile do not forget to monitor the bitcoin movement as it's fixed above crucial S/R level 30000$ and should have a 1D candlestick closing above this level or else price will drop again towards level 27k-28K
Good Luck Traders
MANAUSDT - FinalsP.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
PREPARING FOR A MANA LONG Looking at the MANA/USDT pair today, Lets get it!
Chart above us shows that we have a first wave extension impulse in play. As shown by the first fibonacci tool, we found support at the .382 region marking the end of wave 2 and made new ath's at the 1.5 fib region(just under the 1.618) for a wave 3 top before clearly getting rejected as shown by the 2nd fibonacci retracement tool.
Currently still in the correction phase of wave 4, MANA seems to be baiting everyone into buying and longing here, however the chart below shows us with the angles presented that this isnt the bottom and that we will most likely still go to the bottom of the ascending channel before getting a reversal for our wave 5 impulse
Once we confirm our Wave 4 bottom, target for our wave 5 will be the touch of the channel resistance once more and should be inline with either the 1.9 or 2.0 fib resistance, leaving us with a price target in the range of $15-20 depending on how early we can achieve that.
If you agree with this idea, leave a like and share your thoughts in the comments
Feedback is always appreciated.
#MANAUSDT 2H Chart
Price reached the major 12h demand zone from where it is bouncing from. MACD is beginning to show some bearish weakness, RSI is oversold and EMAs are bearish. Price needs to break above the 2h supply for short term bullish confirmation and we would then aim towards the daily supply zone.
MANAUSDT is testing creating a bearflag
The price is testing the monthly support after a bounce on the monthly support on 1.45$
on the daily timeframe the price lost the support and now the market wants to retest it.
on the 4h timeframe the price is creating a bearflag below the weekly resistance.
how to approach it?
IF the price is going to have a breakdown from the bearflag, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
