MANAUSDT trade ideas
Decentraland at Pivotal Level: Can Bulls Push Above $0.59? MANA/USDT (Decentraland) chart shows the price trading just below the key support zone of $0.55-$0.59.
This area is crucial for determining the next directional move, as a reclaim of this zone could trigger bullish momentum, while a failure to regain it may lead to further downside.
DYOR, NFA
MANA 4h - Accumulation RangeMANA 4h - Accumulation Range
REMEMBER that a lot of investors sell stocks or crypto for fiscal conditions in 2024 to close the year.
For that, we have low buy liquidity , and even with that pressure on the price , MANA is trying to remaning in the same range as 1 week ago, so a breakout can restart a new HH , so patience.
Im bullish on it if the 0.5 resistance its broken and became a support.
MANA MACD bullish crossover appears to be formingCup and Handle Pattern:
The chart shows a classic cup and handle pattern. This is a bullish continuation pattern:
The cup phase has completed, showing a rounded bottom, which is a strong base formation.
The handle phase is currently in progress, forming a slight downward consolidation.
Key Levels:
Cup Resistance: Around $0.65 - This is the breakout level from the cup's rim.
Handle Support: Around $0.46 - This is the lower bound of the handle's consolidation.
Key Support Levels:
$0.46 (Handle Support).
$0.22 (Major Horizontal Support).
Projected Target:
Upon breakout above the $0.65 resistance, the target can be calculated by adding the height of the cup ($0.65 - $0.22 = $0.43) to the breakout level. This gives a target of approximately $1.08.
Trend Analysis:
After a strong bullish breakout earlier in the year, MANA is currently consolidating in a descending wedge or falling channel. This pattern is typically bullish if the price breaks to the upside.
The support and resistance lines of the wedge are well-defined, and a breakout is anticipated soon.
Key Levels:
Support: Around $0.2933 (strong horizontal support from previous lows).
Resistance: Around $0.60 (recent highs and psychological level).
Descending Resistance: Defined by the upper trendline of the wedge.
Indicators:
MACD: A bullish crossover appears to be forming, suggesting potential upward momentum.
Volume Oscillator: Low volume during the consolidation phase, which is normal for wedge patterns. Watch for an increase in volume on a breakout.
MFI (Money Flow Index): At 71.09, the MFI is approaching overbought levels but still supports upward momentum.
RSI: At 66.93, the RSI is nearing overbought territory, indicating some caution.
DMI (Directional Movement Index): The -DI (bearish strength) is converging with +DI (bullish strength), and ADX (trend strength) is moderate, suggesting that the trend is undecided but could intensify after a breakout.
MANAUSDT Elliott Waves (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked).
Everything on the chart.
Entry zone: market and lower
Targets: 0.7 - 0.9 - 1.1
after first target reached move ur stop to breakeven
Stop: ~0.35 (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!
manaIn the long term, we had a break that is currently pulling back to the broken area.
Just considering the market conditions, if the green box breaks in the short term, it is recommended to buy at the green points and lines in the medium term.
So now the green box is important for us.
And I also put 4 lines as resistance above it so that if it wants to make a move and become support, it will react to those red lines in the short term.
So be careful.
ManaMana usdt Daily analysis
Time frame daily
Risk rewards ratio =2 👈👌
Target 1.1$
mana is one of the gaming tokens that offers earning potential . explore the potential of gaming tokens, offering lucrative opportunity in play to earn and virtual economies
Technical: mana had a good growth to ex high price but couldn't reach to new high in this year. Price fell down to save energy and now is the best time to pump and break strong resistance boxes ( red boxes in fhe chart) and reach my target on 1.1$
But if it can't break the resistance, don't worry. New year holidays will help to gaming tokens like mana and sand and etc.
Decentraland (MANA)📊 MANA Analysis
🔹 Overall Status:
MANA has successfully broken out of its descending channel. However, it failed to push higher after reaching the weekly resistance (red zone). Currently, the coin is correcting and pulling back from this resistance toward the top of the descending channel.
🔹 Daily Timeframe Analysis:
Correction of the Uptrend:
The upward wave, which started from the bottom of the channel, has now retraced to the 0.382 Fibonacci level.
Forecast:
This correction might deepen further and test lower support levels, such as 0.5 or 0.618 Fibonacci levels.
🔹 Weekly Timeframe Analysis:
If MANA can break its weekly resistance:
The price could rally toward the gray zones.
These zones align with the 1.618 and 2.618 Fibonacci levels.
🔹 RSI and Entry Signals:
The RSI entering the Overbuy zone on both daily and weekly timeframes can act as a trigger for entry.
✅ Conclusion and Recommendations:
1️⃣ Key Support and Resistance Levels:
0.382 Fibonacci level (current support).
Red zone (weekly resistance).
2️⃣ Entry Strategy:
Gradual laddered entry after confirming support or breaking the weekly resistance.
Support confirmation could include retesting and stabilizing at these levels.
3️⃣ Monitor RSI:
Pay close attention to RSI signals on the daily and weekly timeframes to ensure trend strength.
4️⃣ Risk Management:
Laddered entries help reduce investment risks and allow for adjustments if deeper corrections occur.
💡 Pay close attention to price behavior, manage your risk effectively, and stay alert to key support and resistance zones.
MANA at a key decision Point ?MANA, one of the leading metaverse tokens, has surged from the $0.28 level to $0.77, a strong resistance zone and a critical decision level for its next move. In my opinion, if the price breaks above this level and successfully retests it, turning the resistance into support, we could see a push toward higher price targets indicated on the chart.
However, a successful push and rally could establish a new trend, potentially leading to appreciation in other tokens within the same category as investor confidence grows across the metaverse sector.
On the other hand, a failed breakout or rejection at this resistance could lead to a retracement, sending the price back to the lower zone around $0.35–$0.28.
Follow for more chart ideas and insights.
NFA: This is not financial advice—always conduct your own research and trade responsibly.
MANA looking strong for continuation (+192%) to (+270%)If MANA maintain above $0,745 that is the anchored vwap from dec 2021 at the end of this week will signling strength to get to higher prices it is breaking the descending wedge pattern and could lead to reach $1.13 soon and above the value area high from may 2022 to now. The target is in confluency with fibonacci levels, weekly and monthly levels and between value area low and point of control from last bull run.
TARGET: $2,27 to $2,84 up to (+270)
MANA on the Verge of a Price Explosion; Major Bullish Wave Ahead🔹 MANA's two-year range structure is finally breaking. With a breakout above the static support of $0.85, this cryptocurrency has the potential for significant growth.
🔹 Elliott Wave Analysis suggests that MANA is either in Wave C or at the beginning of Wave 3. This wave is expected to move sharply and impulsively, typically resulting in substantial upward momentum.
🎯 Price Targets:
1️⃣ $5.5 (500% profit)
2️⃣ $14 (1500% profit)
Here I buy Decentraland at $0.85Here I buy Decentraland too
Buy orders starting at $0.85 cents
And Decentraland supply shock is set at $0.85
Now Akon sing to them in
All up to you (Miami, 2009)
I'ma always keep it true
And I must still do my thing, even if it is not with you
Hey
And I hope you're prepared to be
heartbroken forever
'Cause no one can be compared to me
Nobody can fu#% you like I can or handcuff you like I can
And you'll be there when sh#% hit the fan, like I can