MANAUSDTMANAUSDT(08.14.2022 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
MANAUSDT trade ideas
MANA/USDT: Bullish reversal tentative - 1,20 to watch---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------
MANA/USDT: Bullish reversal tentative - 1,20 to watch
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - BTC and NFT/METAVERSE COIN remains in underperformance versus ETH.
- We are watching at 1,20 to bypassed to extend the bullish recovery in progress
Market configuration
- Graphical Elements :
Graphical support = 0,99 & 0,7990
Graphical Resistance = 1,20 & 1,95
- Mathematical Indicators:
EMA ( Exp Moving averages) are support at 0,99 = Bullish
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (C) B is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 1,20
Fibonacci bullish wave target at 1,95
Fibonacci bullish wave support at 0,7980
Fibonacci bearish wave target at 0,5940
Conclusion
Prefered case => As long as 0,7980/0,99 remains support a larger recovery towards 1,20 is expected with strong conviction, only a break above 1,20 will open a direct recovery potential towards 1,95
Alternative case => Breaking 0,7980 a new bearish attack towards 0,5940 will occur
#MANA/USDT - Long - Potential 26.75%CPI report causing a pump in all risk asset markets. Trading View is struggling with the pump so unfortunately I cant show you my set up but it is written out in the text below. Mana is on a pullback and has broken through resistance. volume flowing in and a key part of the meta verse mom which is recieving significant funding from UAE.
#MANA/USDT - Long - Potential 26.75%
Exchanges: Huobi.pro, Binance, KuCoin
Signal Type: Regular (Long)
Entry Targets:
1) 1.05686 - 100.0%
Take-Profit Targets:
1) 1.05686 - 33.333%
2) 1.05686 - 33.333%
3) 1.05686 - 33.333%
Stop Targets:
1) 1.05686 - 100.0%
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (1)
MANA- Nice Breakout 🍄Market becoming Bullish early this week as you have been informed:
I think this time is ok to FOMO:
US printing money to fight inflation.. take a wild guess what that can do to Bitcoin (🚀🚀🚀🚀).
BTC Technical analysis:
Still in ascending channel . The Top (resistance) is just below 25k . I see 70% chances of breaking over the channel and off to 28k Resistance (our first target as given few weeks ago).
Watch the video and take a look at THIS:
After the Falls we naturally get a lake
I think it ended up being Perfect.
One Love,
The FXPROFESSOR
MANA/USDT looking interestingHey Traders!
We are back with MANA coin. Long time we haven't talked about this one huh.... So we have seen for the past weeks 5 different attempts to breakout from that sideways path which we pointed out on our chart. Will bulls go for the sixth try to breakout? well we cant say anything for sure but we think that MANA will probably hold the resistance and go for the $0.081 zone.
But holding the $1 zone would mean going for a bull run!
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.
MANA- Market is weak, we need to HedgeMANA is my selected Short for the day.
Close to 1.0860 Resistance it's ideal (to me) for a short position with SL over 1.10
At the same time check my previous posts/ideas for my other set-ups and most importantly look at this:
Mondays are Red🩸 Ends are Weak💤 Yet we Rise✔️
We might as well have patience and yes: the market will most likely continue to rise but not on a straight line.
DYOR and learn how to trade: it does pay out eventually.
One Love,
The FXPROFESSOR
MANAUSDT AB=CDAB=CD
The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
MANAUSDT ! Retest resistance. Ascending channel. What's next?🤔MANAUSDT forms a breakout of the trading range after repeatedly testing the upper boundary at 0.9358.
On the chart, I have marked the price movement as from 0.7550, the price forms an upward price channel and is momentarily testing the resistance at 1.0475.
I assume as the price comes back to retest this level, there is a good chance that the price could break it. The local trend is uptrending and the trend change was confirmed earlier. Key targets: the short-term target is the resistance at 1.1615, the medium-term target is the resistance at 1.3447
Regards R.Linda!
MANA Breakout of Inverse Head and Shoulders to 1.33 Area?MANA has been building market structure during the consolidation over the last 2 months and looks ready to breakout with the Stochastics reset on the 8h timeframe. A number of coins have had these breakouts but MANA finally looks ready for potential 36% swing on this trade. Not financial advice, DYOR.
MANA about to fall down!MANA/USDT Looks like a doing an ascending channel to continue pushing to the downside. And if it breaks out that ascending channel with strong impulse movement, it will do the correction movement. After that correction movement, if it breaks out, it will continue falling down to the next impulse movement.
MANAUSDT Short Term Price ForecastLooking at the Rounding Bottom Pattern smoothly drawn in the Price Action of MANAUSDT in the 4h TF, we are likely goin to see a Rally Upward (Considered that BTC Play the Bullish Scenario).
In an other angle looking at the Visible Range Volume Profile Indicator (VRVP) We can notice the concentrated POC (Point of Control) Stressing out to the Major Lower Ascending Resistance Line.
We Watch Out For The Two Directions and Get in After we Confirm one of them.