MANAUSDT trade ideas
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(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.
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(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.
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** 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.)
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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.
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nothing in this post is financial advice.
#MANAUSDT Daily Chart
Price moved up aggressively and reached the daily supply around $0.708. MACD is bullish, RSI is overbought and EMAs are neutral. We shall wait for confirmation but overall price should move down from here aiming to fill the imbalance around $0.5. We have a very strong bullish momentum at the moment so shorting directly is very risky.
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!
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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.
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.
✴️ Decentraland Hits Bottom, Bullish Cycle To Follow!We have the same situation here as we saw on the MANABTC pair (check 'Related Ideas' below)... The RSI at its lowest level ever, trading volume decreasing to almost zero as new lows continue to be hit...
The bear cycle here produced a 95.19% wave, that is minus/negative (-95.19%).
If this isn't the bottom we can very easily say that we are very close to it...
This is the greatest thing about trading... On the way down you can only lose 100%, maximum.. On the way up you can go to 300, 500, 800% or more.
Look at Dogecoin back in 2021, over 5,000% and the downside is always limited, the upside has no limit... Welcome to my world.
You can clearly define your risk but there is no limit as to how much you wan win.
Ok, this is a long-term chart, we are using the weekly timeframe.
Time to grow! Very simple!
You can pick your target... My job is to alert you when the trend is about to change so that you can buy early... Once things start moving up you are a winner, regardless if you take out 70% (easy), 200%, 370% or 10,000%... Whatever you do and how you do it is completely up to you.
My job is to shake you and tell you... "Wake Up, Things Are About To Get Good!"
A massive bullish wave is upon us... It cannot be stopped, the market wants it, the market supports it... The bullish wave is the market.
Just as we lose money when the bear market is in full swing, regardless of how hard we try we still see loss after loss...
When the cryptocurrency market goes bullish, it will send money to your pockets even against your own will but if you plan now you can maximize your results.
Namaste.
MANA (Decentraland) and Metaverse's rallyHello guys!
MANA has made a 15% pump and passed the key level.
That price range can work as a good support level. After confirming that price range, the price can make another pump and pass the resistance level.
Metaverse news can affect these coins; keep yourself updated.
Let me know what you think. I would love to hear your ideas.
Good luck!
Mana is very technical & BullishHello everyone,
As per the simple technique of smart money concept practices, there is a premium and discount zone on every asset while ranging
right now mana rebound and printed a inverse head and shoulder along with good market structure to upside, my overall target is 0.5 of this Gan box which can hit and reject hard ! so becareful in your positions and take profit dont be greedy
trading is always risky and 90% of the traders lost so only do paper trades and practice makes the men perfect.
regards,
Hedgers.
A reversal pattern is formingDuring the last weeks, MANA stopped its downward trend at the support area of $0.30, and it is forming a reversal pattern. Confirmation of this pattern requires buyers to push the price back above the $0.35 range. In this situation, the RSI indicator has also formed a positive divergence, so if the RSI returns above the number 44 in the daily time frame, we can expect the formed floor to be a significant support for the trend change.
The short-term targets we can consider are $0.35 and $0.42. The second resistance is at the ceiling of the descending channel and can have a strong negative reaction. Therefore, the saving range of profit for buyers will be short-term. For the short term, three bullish candles with larger bodies than shadows can be a sign of buyers gaining strength, which we expect to see a further increase in price this week.
what will happen to MANAUSDT after 100% fallinghello
as you can see MANAUSDT is in the support key level and after nearly 5 months of falling it may be time to increase a little after touching the lowest level of the channel
all you need to know is in the chart
good lock
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