🔥 MANA Volatile Break Out IncomingMANA has been trading sideways for close to two months now. During this period, a triangle pattern has emerged on the chart.
Triangles will often end up in a volatile move in either direction. With BTC being incredibly oversold, I'm favoring a bullish move over a bearish one. Be aware that we're still in a macro downtrend, so a bearish break out is possible.
In blue you can see my targets, which are placed at recent points of inflection. Be patient for the break out to be confirmed.
MANAUSDT_0BF6D9 trade ideas
MANA/USDT : Moving into two channels BINANCE:MANAUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$MANA is moving into double ascending channels and so, the lower trendline should be acting strong enough.
In terms of this, I'll be managing to locate my Longs in two separate strategies.
- Taking partial Long based on active stop-loss at $0.88 with a stop-loss at $0.83 as 4H close below.
- Taking Long based on invalidation when it gets the hold above the marked red zone.
So it's your choice, You know your risks better...
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@Helical_Trades
MANA/USDT Good opportunity Hey Colleagues,
Today we are looking at MANA/USDT. We see a great mid-term opportunity for this coin to have a major pullback back to the $1.35. Our action is simple - we wait for the breakout to happen after what we are loading our trades with buys. Stop is must have at $0.73. healthy profits must be taken from time to time!!
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Manausdt ; Long or what ?Mana has Broken up it's falling channel , Mana also could break up the static resistance on 0.91$ and it's pullback has happened which we can also assume it as rest to 0.5 level of retracement Fibonacci.
I think after a tringle pattern Mana could reach to 1.33$ target. You can use my long Position setup with 2.75 R/R.
Just take care of the stop loss.
what do you think about Mana in 4H timeframe ?
If you have any questions please feel free to text me .
#MANAUSDTTwo different scenarios for the price of #MANA:
Hello Traders
If the Bitcoin price remains in the current stable position and does not lose its value in the following hours, we can expect a rise in the price of MANA from its current price (1.0200) to 1.342 in the next week .
However, if the bitcoin loses its value again, the price will go down to the support area that is 0.685 which can be a good opportunity for mid-term investment. See the image below for more details.
Which is the better trend line? MANAWhat do you think, which is the better trend line......
The line that accounts to the tip of the wicks, or the other which ultimately accounts for the body of the candles.
I do like the more shallow trend line, simply because that one for me would innately be less risky for longs.
MANA lost its steep upsloping trend line and then was retested. We go down now, but to where? That is the key question.
MANA 6.26.22 From the heavens.
If i had one, just one token to pick to be all in it would be MANA Decentraland. Another one to be absorbing is SAND. Big institutional money is flooding into these networks. You could bet on the land as well which is at a great price about 1-2.5 ether depending on the choice of network. Follow the money. Metaverse has barely started but this is a long term play that could take a few years to realize its true potential. For now i think anywere under a dollar is a steal. Ngl i hope it goes down further but i really dont see metaverse going down much vs bitcoin even if dominance creeps back up. These will likely be the Chainlink of the new bull run and lead the way. Target of 100 dollars in the next 5 years
Another bet on the future is SHIB and their metaverse which is a much longer bet. With possibly higher potential
MANAUSDT TECHNICAL ANALYSIS Decentraland barely not sinking
The metaverse altcoin, which was trading at $0.9085 during press time, noted a 7.73% spike over the last seven days. This price appreciation might seem like a solid opportunity for investment. However, we should not forget that it is only on a micro-scale. On a macro-lense, MANA is far from recovering.
What our chart telling us?
Beginning November 2021, MANA was $5,87 level and lost approximately 89% and fell down till $0,62. The candles are staying above to support line and almost will reach to resistance line. The candles already breakdown down trendline and one of the candle has been completely open close above to down trendline. We are getting BYY 2 signals from our robo advisor @EngineeringRobo in recent/current candle and we need to wait for the new candle come up and if our buy 2 signal still over there, It may opportunity to buy for us.
Our Risk/Reward ratio 1.27 and Moving average lines are almost in the intersection. If direction get chance, it may another an opportunity to buy again in our daily time frame chart.
Let’s follow up our chart closely and don’t forget to follow me.
“NFA”
MANA$MANA breakout Descending channel pattern. in 1h timeframe valid breakout and has retesting on resistance become support line.
we can setup entry nor or wait for valid breakout and retest at 4H timeframe
Buy zone : 0.884 - 0.837 - 0.795
Target : 2.543 - 2.673 - 2.839 - 3.012 - 3.239
Stop : 0.775
MANA path to sucessHeres the short term MANA path to success.
Looking for a break overhead and then a retest.
The 1 hour ichimoku looks ranging and price action/cloud/lagging strand all intertwined.
The 4 hour ichimoku looks like price action is on the verge of breaking above the cloud.
Get 1hr price action and lagging strand above the cloud (and price action), and the 4hour breaking above = a decent rally.
Just some patience right now is need though.