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Decentraland / TetherUS

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MANAUSDT trade ideas

✴️ 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.
Long
by MasterAnanda
5
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.
Long
by altFINS
✴️ Decentraland | A Different PerspectiveMANAUSDT Grew by almost 200% in its initial recovery wave, that is January 2023. This might sound like a lot but when you put this into perspective, it is actually just a tiny bit of the total growth potential... See this chart... This is only the mid-term and the 6 months "long-term". We consider long-term within 6 months or 6 months or longer. When we consider the long long-term (12+ months), then we are looking at new All-Time Highs and the potential is off the chart. And it looks bullish short-term (main chart). Namaste.
Long
by MasterAnanda
2