MANAUSDT trade ideas
MANA/USDT looking for a breakdown hereHey guys 👋
Let's kick off this day with MANA coin where we see a nice potential for a breakdown to happen. Waiting and looking closely here
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
✴️ Decentraland Hits Bottom? -95% From All-Time HighIt is possible that MANAUSDT (Decentraland) hit bottom after dropping 95% in value from its All-Time High.
The weekly RSI is at its lowest level ever and continues moving lower.
The current price hit its lowest level since February 2021.
Altcoins tend to correct between and 90-98% in bear markets so this one is very likely done.
We are seeing altcoin after altcoin hit bottom...
Once we hit bottom, the only place left to go is up.
Get ready.
Prepare... The next altcoins bull market is going to last a long while and it will be the strongest we've seen so far.
Namaste.
Mana can price to a 1$ target. 75% GainThe mana rally could start again, we saw a price going from 0.30 cents to 0.84 cents at the beginning of January. After the process, with the BTC.dom increase, the price retreated and made its correction.
From my observations, MANA whales seem to be insatiable and demanding lately. There may be a 75 percent price increase in the coming days, and it may go up to $1. Let's see the process.
TP: 1$
MANAUSD - Plotting Future MovesA down channel can be drawn on MANA like this
The Middle line shows a nice bullish touch however on this middle line which is a sign for bulls, I expect alts to be very volatile hence the price action plotted in green.
Its kind of a head and shoulders pattern on the side if you look at it closer, linking a comparison to the H&S below
MANA: Channel Down BreakoutDecentraland (MANA) technical analysis:
Trade setup : Price broke out of trading in a Channel Down pattern, which it was consolidating in after substantial gains earlier this year. This bullish breakout from Channel Down and above $0.60 key level and 200-day moving average, could indicate Uptrend resumption with near term potential upside to $0.75.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.60, then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
✅TS ❕ MANAUSD: fixed above the support✅✅ MANA is moving in an uptrend.
The chart has broken through the resistance area and has fixed above it.
The price will continue to rise. ✅
🚀 BUY scenario: long to 0.666 🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.