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MANAUSDT trade ideas

Decentraland MANA showed good growth, but may be a correctionFor more than a year, the value of game tokens has shown perhaps the most painful fall. But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase. At the time of writing, the value of MANAUSDT has increased by +166% in 17 days. In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile. Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time. Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead. If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?" Please write your answers in the comments below the idea _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
35
MANA: CYCLE COIN ON RISE $1.70 TARGET ITS BACKMANA is one of the cycle coins that have a high chance of breakout in the coming time. We have a list of study cycle coins and Mana is one of the coins. We expect that this coin going to break out the coming time, and we expect that this coin is able to target $1.70 " One year ago this coin did $5.90 and depending on our study it's able to do $1.70 The point between $0,74 and $0,80 is a breakout point We have a list of 13 cycle coins from all trending coins, and Mana is one of them that goes into a high breakout coming time.
Long
by Goldenbreakout
9
MANA IS NO 2 FROM A LIST OF 13 CYCLE COINSWe did study the trend and made depending on the cycle calculate the total of the 13 cycle coins. We did a choice of coins that have a high possibility to increase in the coming time. To make a choice like this we did a study from TA until the transaction data of a coin to get the right image of the trend. Mana seems very interesting for the trend, and depending on our study is that Mana has a high chance of breakout out. The breakout point between $0,74 and $0,80, Mana makes a high chance of breakout with a trend above 1 USD. WE know that most of times cycle coins going into unexpected breakouts. Our target for Mana for the coming time is $1.70 Mana has shown interesting patterns, and same time also a whale follows DCA, which makes this coin very interesting for this cycle. In our service district , we did add the rest of the 12 coins see below the update. Share your idea about what you think about Mana. Let's see if this target of $1.70 can become real price action coming time. 🌠And at the same time if this coin can show the effect of a real cycle coin.🌠
Long
by Goldenbreakout
3
It can be supported againMANA has registered more than 17% price growth in the last 24 hours. Resistance in the range of $0.56 to $0.65 was considered for MANA, which was broken by strong candles. If the high price of this area stabilizes, it can be supported again. In this case, the next targets of the buyers will be in the range of 1 to 1.10 dollars. Another point is that the break of the ceiling of the main descending channel was without a pullback, which is a sign of the strong strength of the buyers and the reversal of the trend in the daily timeframe. So if we have a correction, the second support is considered in the $0.50 range.
by MonoCoinSignal
6
MANA - Impulsive Wave FinishedDecentraland´s MANA Token had a blast to the upside this year, gaining over 150%. But is it time to buy? We have a valid wave count to consider that the impulsive wave is over. We also have RSI divergence, as indicated by the green line. On the daily timeframe, RSI hit above 90 (extremely overbought), and price is being rejected at the junction of an important resistance level and a falling trendline. As traders, we have to avoid FOMO and wait for the right conditions to enter a trade, and MANA is definitely not in that spot. I´ll be waiting for a correction, first targeting 0.60 support, and possibly 0.50 (50% pullback).
by Stoic-Trader
1
To unleash the rising power...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (MANABTC 1W chart) In order to release the power of a full-fledged rise, it is necessary to check whether it can rise above 0.0000 3732. ------------------------------------------- (MANAUSDT 1W chart) In order to continue the mid- to long-term upward trend, the key is whether it can rise to the 0.7051-1.0952 range. (1D chart) If possible, the question is whether support above 0.6537 can lead to an upward move above 0.7051. If not, it falls 1st: around 0.58 2nd order: around 0.4970 You need to check if it is supported in the 1st and 2nd sections. If it falls below the 2nd section, there is a possibility that it will turn into a downtrend. when it rises, 1st: around 0.8387 2nd order: around 1.0952 It is necessary to check whether the 1st and 2nd sections are touched. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Why I am shorting MANA hereHey guys, There are several reason why I am shorting MANA here. First because of the price action, this is a supply zone and I see the reaction of the price to this level. Despite the fact the bullish trend is strong, the sellers usually get into the market and take profit. Even if the Bullish trend suppose to continue, we need some correction and I am going to bet against the trend for a down momentum. Also if you se Fib, either retrace or extension, both point the area as strong resistance area. Add on to this, I am using an indicator based on RSI and CCI, which I published it and you can use it too, and it is pointing this area is selling zone. Here is the link All in all, I have opened a short position with this SL and TP. ===== nothing in this post is financial advice.
Short
by MBCryptocurrency
MANA/USDT Might fall back Hey Traders Another one that caught our attention is going to be MANA/USDT pair. With that push which broke all resistance zones without any stops we have reached our next major resistance zone (Pink Box). Well we see a good chance for a drop from here to at least $0.4200. So let's see what will happen next week! 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.
Short
by SwallowPremium
7
The price has hit a key resistance in the $0.577-$0.650 rangeMANA has recorded a growth of over 30% in the last 24 hours. The price has hit a key resistance in the $0.577-$0.650 range, and this strong upside move has pushed the price out of the main bearish channel. There is a possibility of a negative reaction and the formation of a range zone for MANA. The trend change has been observed for some time in the daily timeframe, and pullbacks to support points can bring a positive reaction. The first and closest valid support is considered to be in the range of $0.485-0.458, which, hitting this level if there is a positive reaction, can bring the price back to the previous ceiling in the range of $0.650.
by MonoCoinSignal
5
MANA: Resistance Breakout!Decentraland (MANA) technical analysis: Trade setup : Price bounced off of $0.30 support and broke back above $0.35 resistance, with robust volumes (healthy demand from buyers). Momentum is bullish (MACD, RSI). (set a price alert). MANA and other metaverse projects (ENJ) have failed to sustain growth in their usage after initial burst of activity nearly two years ago. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.30. The nearest Resistance Zone is $0.35, which it broke, then $0.62.
Long
by altFINS