🔥FALLING WEDGE on MANA! Don`t MISS this entry point!🔥 Hi friends! MANA is already fall from the local highs to the local bottom. The whales just need to collect the liquidity below the key level of $0.625.
If the price make a break up of the wedge it will not be the best scenario because in this case will be the collection of liquidity above the wedge which good for the short traders.
We need to have the break down of the falling wedge and return the price inside the wedge. The liquidity will be colected to long in this case.
📊 Preconditions to open a long:
🚩 false breakout with liquidity collection below the key level $0.625
🚩 volume growth that show the whales pressence and huge trading activity close to this levels
🚩 if BTC going to the 25k, the most of alts make +40-60% to its price
🚩 the whales BUY orders on the DOM and Footprint don`t allow the price fall lower
🔥 The most important tools for scalping are the DOM and Footprint. These tools allow me to see the biggest orders to but or to sell and trade the test of the WHALES orders wall.
📊 The targets:
✅ $0.76-0.87
✅ $0.97-1.03
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANAUSDT trade ideas
Manausdt BinanceThe platform, co-founded by Ariel Meilich and Esteban Ordano in 2015, was launched in 2017 following a $24m initial coin offering (ICO). It was opened to public users in February 2020.
Every blockchain-based platform needs to have its own crypto, and Decentraland has the conveniently-named Decentraland token, also known by its ticker handle of (MANA). This token is used to buy and sell land, as well as goods and services, within the network.
Users can purchase the limited land in this virtual reality world and develop assets into real estate. This in turn creates a hub and drives the creation of content and services.
Long ManaMana has a bullish Inverse H&S at the bottom of a downtrend. The height percentage of the head has a breakout target of 13% from the neckline. This breakout will test the 0.383 fib level and we will see how price reacts to it. I’m ignoring the .618 and .5 fib levels because there’s isn’t major resistance there. If you want to wait for confirmation, wait for a neckline break and ride the wave.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
MATICUSDTMATICUSDT(09.10.2022 UPDATED)
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
Majority of trades is done via computer trading (forex / cryptocurrency)
priority in analyzing charts:
1- Price Action
2- Market structure
3- Chart patterns
4- Candlestick patterns
5-Divergence
6-Indicators
SETUP IN TRADING RANGE: BLSH
BLSH:BUY LOW SELL HIGH
MANAUSDTHello my dear friends
According to the formed pattern and positive divergence of RSA, it seems that the white range ($0.7307) is valid and the main upward movement will start from this range.
Keep in mind that if the corrective trend is below the price range of $0.6265, we will no longer have the mindset to form an upward trend.
We would be happy to hear your comments
MANA breakoutPlease 1st of all smash the boost🚀 button and follow me to support my work if you like it! It's absolutely for free.
Decentraland broke up this triangle📐 and I think there is chance for run to 0.8455 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. The white uptrendline could be a good guide.
ENTRY : local high @ 0.7969
STOPLOSS (SL) : local low @ 0.7817
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.8455
REWARD RISK RATIO (RRR) : 3.2
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MANA Potential Short / LongThe above chart is based on symbol MANAUSDT - Binance.
Alerts have been set.
The trading plan is to ladder in 0.25% below Entry, on Entry and 0.25% above entry.
Stoploss(SL) is at 1.5%.
Risk Management is always important. Let the trade come to you.
Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
If/when TP1 is hit, SL will be move to entry.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
MANAUSDTMANAUSDT(09.03.2022 UPDATED)
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
Majority of trades is done via computer trading (forex / cryptocurrency)
priority in analyzing charts:
1- Price Action
2- Market structure
3- Chart patterns
4- Candlestick patterns
5-Divergence
6-Indicators
SETUP IN TRADING RANGE: BLSH
BLSH:BUY LOW SELL HIGH
📊 MANA: wait fot this trendline breakout! Hi friends! MANA is going to break the trendline. But i recommend you to wait for some pullback to the key level of $0.754. Someone who enter the trade on this local pullback will be traped and you will enter the trade with less risk and nice risk reward.
Recently, MANA made a false breakout of the key level of $0.754 and price rised by +8%. If you miss this opportunity, use this preconditions to open the next long:
🔥 return to the key level $0.754 and squeeze to the trendline
🔥 volume growth
🔥 bullish BTC
🚩 DOM and Footprint indicators show me the whales buy orders close the key level or before the trendline breakout and it will be the MAIN precondition to enter the long for me!
📊 The targets:
1. $0.81-0.87 - the value area and closest resistance
2. $1.13 - the key level and mid-term target
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥 MANA Fell Through Support: New Lows IncomingMANA has been trading alongside a very precarious support line for around two months. However, said support line was broken on last Friday's sell-off.
This means that, for now, the bulls have lost the upper hand and the bears are in control. In my view, it's highly likely that we're going to see new lows coming, think $0.6
We're either going to re-test the previous support as resistance, or we will grind downwards from here.
An elliot wave scenario for MANAMANA has shown that the bulls' strength overcomes the bears' strength at each key reversal point. This wave pattern is possible with the first target 9.75 and the second target 13.2.
The price should reverse up from 3.6 and if it stays below 3.6, this scenario is no longer valid.
MANA/USDT (Short) - bear flag; shorter-term trade ideaLast week, BTC, along with the rest of the crypto market, experienced a sharp drawdown. After a week-long consolidation, the next move truly hinges on today's Jackson Hole speech (10:00am ET). The central bank chairman is expected to comment on the current state of the economy and tell us more about the central bank's next steps in the fight against inflation. There are two base outcomes we can expect:
1. He will sound dovish - economists are seeing serious cracks in the overall economy, and they wish to slow down with financial tightening (not stop it completely); this would be very positive for crypto
2. He will sound hawkish - the inflation is still too high, and they have no intention of stopping tightening even at the expense of the economy; the negative outcome for crypto
We would prefer to bet on the short side as we believe that the market got optimistic a bit too early, and central bankers are likely to set them straight. For this bet, I chose a token which performed relatively worse during the consolidation period. MANA painted a clear bear flag which is likely to break to the downside. We can see that MANA was slowly drifting downwards during the consolidation (red parallel area) while tokens like ETH had a nice rally. The weak relative strength shows a clear negative sentiment.
The strategy would be to wait for the meeting outcome and once the token breaks the trend line to the downside, go short . The profit target would be either the light green line (less risk) or a bit lower support at $0.6290 (more risk). As a stop loss , I would use the upper side of the channel (red line) or the actual entry point if you wish to take less risk. The reverse case would be if the speech boosted the whole market. In that scenario, we would either leave this trade or find a different, relatively strong token and play on the long side.
Happy trading!
Best wishes,
Dollero Technology