MANTAUSDT trade ideas
$Manta prediction! 45%+ possible gains!Manta has been extremely popular among the traders as of late. So far we do not have much info on the charts but based on the hype, volume and network volume we may see sharp moves in near future. Daily volume was lower end of spectrum while it was correcting. So this may indicate that we may already be done with the correction and gearing to go up. Crazy things could happen with this one. So I came up with few possible personal predictions. I will update this idea once we have more data and clear targets!
Good Luck!
When to buy MANTA safely ?The Manta price is now being openly "pumped up" by MM, so only MM knows where the maximum price will be.
The maximum MANTAUSDT price could have already been, or perhaps it will be, for example, at $4.70
Personally, we don't trade on manipulative growth - we'd rather wait patiently for a deep correction, which will come sooner or later.
For example, $1.50-1.70 for MANTA is a fair and reasonable price to buy, or not?)
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MANTA target $30+12h time frame
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MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation structure.
Next, the target is very easy to estimate when you know how to refer to mc in bull market. Current mc of MANTA is around $445 million, and the total supply is $1 billion, the reasonable mc that MANTA, as a key of layer 2 sector, could reach is definitely over $30 billion, which would bring MANTA up to $30 or even higher if layer 2 got attention in future.
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Bull target: $30+
#MANTA\USDT#MANTA
We have a bearish channel on the 12-hour frame, the price moves within it and adheres to its limits well
We have a major support area at Saad 1.70
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that has been broken to the upside
Entry price is 2.00
The first goal is 2.50
The second goal is 2.96
the third goal is 3.48
MANTAUSDT.PHello Trader BINANCE:MANTAUSDT.P
OMXHEX:MANTA
breakout line area 30 minutes to 1 hour. market price order or limit area 2.0438
take profit 11%
stop loss 2.5%
#DailyOutlook #dyor
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Disclamer: Not Financial Advice
Chart Idea - MANTAUSDT Swing Long SL hit in the previously posted chart idea. This setup, however, can give huge returns if played correctly on daily TF. Currently making triple bottom. Any bullish movement on BTC can easily hit the TP of MANTAUSDT in couple of days. I currently am taking a long with 10x lvg on this one. RR is 8.57 which is great. Very low risk vs high reward. Patience is the key here though.
10x long on MANTAUSDT
Entry - 2.637
TP - 3.39
SL - 2.542
Mantausdt trading opportunityMANTAUSDT is exhibiting signs of a potential bearish flag formation, a technical pattern typically indicative of a continuation of the prior downtrend. However, it is crucial to acknowledge the prevailing market sentiment, which currently heavily favors bullish tendencies.
Given this dichotomy, it is prudent to consider two distinct scenarios, labeled Outcome A and Outcome B.
Outcome A envisages a scenario where the price undergoes a bearish breakout, descending below a critical support level, targeting a descent to the $2.70 mark. Conversely, Outcome B anticipates a bullish reversal, contingent upon the price securing a close above the $3.15 threshold.
Both potential trajectories have been meticulously delineated on the accompanying chart.
Importantly, should the price retreat to the lower target as posited in Outcome A, this level is anticipated to act as a significant demand zone for bulls. Thus, initiating accumulation at this juncture could be strategically advantageous.
Feel free to let us know what you think about our analysis.
Manta/Usdt Plan MANTA/USDT currently shows strong potential for a breakout, particularly within the confines of a triangle pattern. Based on technical analysis, there is anticipation for an imminent breakout in the near future. It is advised to closely monitor the price action of MANTA/USDT to capitalize on a potentially lucrative opportunity should the breakout occur successfully. If the breakout materializes as predicted, market sentiment suggests a considerable 50-100% bullish movement could follow. Traders and investors are encouraged to stay vigilant and ready to act swiftly to take advantage of the expected price movement.
MANTAUSDT.PHello Trader BINANCE:MANTAUSDT.P
There is clearly a double bottom pattern in the mid term but the area has not retested for now, you can net the green line that I have determined, in addition there is news from the manta network about its latest project, we can be sure that the price will be bullish for some time to come.
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Disclamer: Not Financial Advice