MANA/USDTTarget is the wave c of B after that the price will continue to drop so as to the cycle ends (wave 4=somewhere between 0.16-0.08$) then the price will rise to the peak of the final cycle at a target minimum 6$
MANAUSDT trade ideas
MANA/USDT Weekly Analysis : Key Support and ResistanceBINANCE:MANAUSDT
The image is a weekly trading chart for MANA/USDT (Decentraland/TetherUS) from TradingView. Here are some key observations from the chart:
1. **Current Price**: The current price of MANA is $0.3454.
2. **Historical Highs and Lows**:
- The highest price shown on the chart is approximately $5.90.
- Significant resistance levels are marked around $0.988 and $1.4975.
3. **Volume Profile**:
- There is a significant amount of trading volume clustered around the $0.7051 level.
- Another cluster of high volume is observed around the $1.4975 level.
4. **Support and Resistance Zones**:
- The chart shows major support around the $0.25 level.
- Major resistance levels are highlighted around $0.988, $1.4975, and further up towards the $5.90 region.
5. **Price Movement**:
- The price has experienced significant fluctuations, reaching its peak around $5.90 before descending.
- Recent price movements have been fluctuating around the $0.25 to $0.35 range.
MANA Technical AnalysisMANA is in a bearish trend with the price trading below the EMA 200, after rejecting from it the price declined to the $0.3231 support level and holding above it.
If the price manages to hold above at $0.3231 level we could expect a bounce back to the next levels.
If the price fails to hold the $ 0.3231 level it will move towards the next support zone Yellow at $0.2638 - $0.2845.Which is the best buying zone.
While the price is holding above at $0.3380 we can take some entries here and do some entry at the next Yellow zone.
The volume will also be a key factor to watch as it can provide insights into the strength of any potential moves.
Will MANA Support hold ? Get ready for both scenariosBINANCE:MANAUSDT (1W CHART) Technical Analysis Update
MANA is currently trading at $0.331 and price is trading around its support zone, we are not sure if this support will hold and price bounce back from this support zone. We need to consider both scenario for entering the trade here, for long trade we will enter only after a green weekly candle above the support zone. For short trade we will enter if the candle closes below the support zone.
-- LONG Trade --
Entry level: Green Weekly candle above support zone
Stop Loss Level: $ 0.2526
TakeProfit 1: $ 0.4561
TakeProfit 2: $ 0.5931
TakeProfit 3: $ 0.7804
-- SHORT Trade --
Entry level: Candle close below support zone
Stop Loss Level: $ 0.3487
TakeProfit 1: $ 0.2038
TakeProfit 2: $ 0.1644
TakeProfit 3: $ 0.1198
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
Decentraland (MANA): Waiting For Support Zone To Be Reached!Decentraland is still looking for a supportive touch to lows of $0.265
There is not much to say here other than look for short position and possibly DCA as well.
From lower zones, there will be an opportunity for long position (but would need confirmations, which we will be looking for once we are near that support zone).
Swallow Team
#MANA/USDT is testing the Diagonal Trendline in Daily TF!#MANA/USDT is testing the Diagonal Trendline in Daily TF!
I'm expecting a little sweep and bounce from here. EURONEXT:MANA needs to clear PML $0.3935 as a support. So far it is acting as a strong resistance level.
MANA (DECENTRALAND) SHOULD PUMP FROM HERE - 19/6/24
I have other scenario but this is more appealing. Truth is, even though I predicted all this fall and blood bathe we are seeing on ALTS, it is scary now that it has happen and the little doubt creeps in but I am going to hold my conviction till proven otherwise.
One I still believe in is BINANCE:MANAUSDT and the perfect time is now. The invalidation level is simply the last previous low. It is over 20 risk reward ratio if average entry is from here.
OTHER ANALYSIS
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Strong downtrendMANA is currently in a strong downtrend after peaking and entering a bullish phase. It is now declining. There is a significant support area marked on the chart, indicating a strong support level. If the price reaches this support area, there is potential for a rebound upwards. Keep an eye on this area for potential opportunities.
Decentraland (MANA): Head & Shoulders = Possible Short Setup!Decentraland has nicely formed that head-and-shoulders pattern where price is now at the end phase and looking for a breakdown from the neckline zone.
As we are close to breaking, we keep an eye on possible further moves. It seems like the like the perfect setup!
Swallow Team
MANA between a hammer and an anvilMANA has been consolidating since April between 0.4 and 0.5.
A break below the range is highly unlikely because of the liquidity pool just below it between 0.3947 and 0.3744 (The Anvil). This liquidity pool will send it right back to the range.
If the price breaks above the range it will meet the big fair value gap (The Hammer) between 0.6042 and 0.5173 ready to knock it down again.
MANA - Ascending Triangle BreakoutMANA is breaking out of an ascending triangle pattern. The growth potential is highlighted on the chart.
Swing tradetrade in the mid term, I think that the candlestick gap will be filled, it has broken and retested the trendline, after this consolidation I expect it to break up, anyone has a different opinion, I welcome it
manausdtWe are completing the wave e of a triangle of a higher degree than the type of contraction triangle. The price is expected to move up to the range of 78% and 125% of the largest leg.
MANA/USDT upward momentum from bullish OB? 👀🚀MANA analysis💎 Paradisers! #MANAUSDT closely as it demonstrates robust signs of a bullish continuation from the Bullish OB.
💎 Observing its recent price movements, EURONEXT:MANA has successfully breached its descending resistance and is now primed for an ascent starting from the Bullish OB at $0.4317. Should this momentum sustain, we anticipate a strong push towards the supply area at $0.5597, though we may see some initial resistance that could trigger a substantial rise.
💎 It's also important to note the reduced intensity of rejections at this OB level, suggesting a weakening of resistance. If this level fails, we are ready to leverage a bullish rebound from the foundational support at $0.3910. The significant liquidity at this level suggests that #MANA could experience a powerful bullish recovery. However, a break below this Order Block might precipitate a considerable drop in price.
MyCryptoParadise
iFeel the success🌴
Decentraland - The best long game It's more than clear that this token is no longer in downtrend and it's began its uptrend by forming a higher low at 42 cents and building up a great support at that mark.
Alikze »» MANA | Ready to retest the resistance zoneIn the last two posts, the Mana currency experienced a growth up to the specified area. After making a head and shoulder pattern in the roof of the channel, it faced a correction, which continued until the 36 cent area.
💎 Currently, due to the candle that has broken the support zone, it has become a stubborn resistance.
💎 Therefore, I expect that considering that a double bottom is currently formed with a retest of the area and with the support of the 39 cents range, it can attack again to break it, that this attack can continue up to the midline of the channel and then it can reach the ceiling. Continue the growth channel.
💎 Alternate scenario: If it loses the range of 39 cents and stabilizes below it, the next scenario can be substituted for it, which can extend to the green box area.
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Decentraland (MANA): 100EMA Has Been Broken!!!Decentraland has broken the 100EMA which has been holding the price back for a few months now.
As we had a nice breakout and a successful re-test recently, we are not looking for that 200EMA threshold.
As long as we are below that 200EMA we are looking for further movement to lower zones (potential touch to support).
Swallow Team
📈MANA Analysis: Identifying Entry Points❗️🔍Today presents an opportune moment for opening positions as the market structure offers potential entry points upon breaking support or resistance lines. Bitcoin's rejection from $64,437 yesterday prompted altcoins to establish lower resistance levels. One such altcoin is MANA, representing the Decentraland project, which, despite previous bullish rallies, now offers a favorable entry opportunity. While the project's fundamentals are significant, our focus lies solely on pinpointing entry points for futures trading.
🎯In line with my preferred strategy, the classic technical analysis approach of identifying breakouts serves as the cornerstone. Personally, I've found this strategy combined with prudent capital management to be remarkably effective. However, it's crucial to acknowledge that each trader must develop their own tailored strategy, as no two traders' nuances can be identical.
📉For a short position, the breakout below the POC fixed range volume profile, while overlapping with short-term support, could provide a low-risk entry. Nonetheless, the primary entry point remains at $0.4056. If entering a position following the POC breakdown, I recommend aiming for risk-to-reward ratios of 2 or 3, aligning with previous analyses' emphasis on lower ratios until major triggers for long or short positions emerge.
📈Patience is key for a long position, waiting for the breakout of the descending trendline and activation of the trigger at $0.4557. In this scenario, a short-term scalp position can be taken. However, refrain from expecting high risk-to-reward ratios until breaking out of the primary box, focusing on ratios of around 2-3 until $0.4977 is surpassed.
🎲Maintaining minimal exposure within the $0.4056 to $0.4977 range is advisable. When entering positions, particularly during the breakdown of major triggers, closing positions upon signs of price reversal is prudent. In case of box breakdowns, the initial low-risk target is $0.3325, followed by $0.5662. However, it's paramount to exercise patience and observe price signals before closing positions post-trigger breakdown.
💥While RSI may not be applicable in a ranging market, it can serve as a helpful tool for setting targets and securing profits. Avoid closing positions if major triggers are breached and RSI enters overbought or oversold territory, as significant price movements may follow.
📊During position entry, monitor candlestick volumes, ensuring alignment with the intended position direction, and avoid entry during divergence.
📝In conclusion, today's analysis underscores the importance of a strategic approach tailored to individual trading styles. By adhering to well-defined entry and risk management protocols, traders can navigate market fluctuations effectively.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
MANAUSD 1WMANA ~ 1W
#MANA This is an important support block that we are looking at.
Maybe a few small purchases are very interesting here, with a target of at least 20%++
Analysis of MANA#Analysis of MANA time 1W currency
The price is in the support range of $0.39 and if you see the entry trigger in the lower time frame, you can enter the BUY position and expect good growth in the long term.
The second support level and buying step of the same zone is $0.3
#MANA/USDT LONG#MANA
Price moves in a head and shoulders pattern
And now we're at the shoulder, where a breakout will be a strong upside support.
Current Price0.5312
First Goal 0.8300
Second goal 1.1000
