We all love that "W" to get out of a mess...fingers crossed. Between this time last week and right now, MANA has been 13% less and 16% higher. Yes, this is insane. Crypto is volatile. Be careful and keep your FOMO in check...I hope the coast is now clear. If so, one idea that adds up is the "W" completes, creating an inverted H&S, leading to $3.66, $4, and...
Just last night, I was evaluating my posts by simply going as far back as October and pressing the "play" icon on my charts and was not short of amazed at how they played out. I even played the first one for my 9-year-old..."cool?," she asked, uninterested in what helps finance her horseback riding lessons? They actually don't pay for her riding lessons. I...
Merry Christmas. Before Thanksgiving, we were talking about the path to $5.50 and I even potentially made fun of the "get rich quick" mentality that more often than not leaves people missing an opportunity. Patience and intestinal fortitude will reward you in this industry (and research). $5.50 continues to be my first larger target before an ATH. This is not...
...as yesterday's "2 0f 3 bullish," with the exception that I got to remove the bearish pattern (H&S)! This is all looking good in the short-term. $3.63 area is going to be an essential stepping stone moving up.
Currently, I see the short-term ascending triangle (green) leading to the next step in a symmetrical triangle (red)...or just what was needed to create a H&S scenario (blue). A dip to $3 would confirm the H&S pattern, leading to a drop to mid-$2.40's. Hopefully, it will stay above $3.20 at least until it breaks $3.60, invalidating the H&S. It really depends on...
Just a short-term update/confirmation. The support on the green line looks better on the 6 hour and a similar line can be made on the 1 hr...and this is such a small trend, the 1 hr is fine. Small but crucial as I am hopeful BTC doesn't drag MANA below $3.18. MANA is looking good within the Bullinger Bands and the MACD is good-mediocre. MANA is just at "that...
Depending upon where the breakout happens in the symmetrical triangle that would be confirmed with the C&H (purple), I think MANA will rally closer to $5 with an approx. $1.3131 rise in price from breakout. This is just an idea...not financial advice. I will feel better about all these ideas, of course, once MANA breaks from the descending channel (green). MACD...
Numbers haven't changed but in the initial post, we had no idea when it would break out of the descending wedge. Assuming that the bottom holds, from where the actual breakout occurred, the shorter-term target, oddly enough, is exactly $4.50. Crypto loves round numbers. Just like the original idea, this is not financial advice, just an idea that seems to be...
When analysts put out ideas, not financial advice, we are listing scenarios and then we see how they play out. I put a few up yesterday and it looks like the initial one is in the cards. I still don't think there is enough historical data to demand the lower numbers in the sub $2.50 range...but anything is possible. I did indicate another dip to the low...
The only thing that loves cup and handles more than me is probably MANA. I turned that inverse H&S (green) right into a C&H and it leads into another (purple solid). Should it pick up momentum, it can easily turn into the dashed extension (purple dash). Be careful. This isn't financial advice.
Before we get into the baby inverse head and shoulders, I feel good that the squeeze is starting with maybe another little drop to low $2.90's. Just an end to this madness feels good. I've read a lot about lower numbers and I just don't think MANA has the historical data to make any big calls like that. Therefore, I'm just analyzing its movement throughout the...
Each colored 'X' represents a point before a significant increase that retraces to its original price. 2017, 2019, 2020, 2021, 2021 show that as the crypto space grows, the frequency of pumps does as well. I don't believe that crypto winter will always be the same. How would we know the length without data? More than that, time as a function is pretty...
I love this chart and should thank the mana market for making me look good. One thing I like about charts, especially for beginners, is that it settles one's nerves. Tokens drop, a lot, but a chart is a good way for beginners to see the map and not panic...because it is anticipated. I always emphasize to beginners that there are no straight lines, up or down,...
...With their accuracy, they should be more like Swiss dolls. I put this idea out there yesterday...so refer to that. I had indicated on yesterday's post/chart, needing to adjust the idea to fit the chart once we dipped again because at the very least we had to dip to confirm support...just didn't know if MANA was going to go for the $2.80 or $0.75 zone. It...
Is that a thing? MANA, since the parabolic rise, has lost and gained based on C&H and IC&H patterns. One cup leads to another, kinda like those Russian dolls that fit inside each other. These are just ideas, not financial advice. The reason I published this is because the numbers add up based upon the assumption that the bottom is in and $3.52 is the baseline...
I definitely wasn't giving financial advice yesterday in the hours before the crash, while everyone was calling for "the Moon." However, I hope you took my idea, did your own research, and made some safe moves. I had liquidated significant amounts of ADA a little over a month ago, put it on the MANA train, and went back to ADA last night with a smile on my face....
Not such a far-fetched idea, given that ADA investors are dying to get back into one of the greatest ecosystems post-hard fork. Covid varients, Evergrande, BTC instability, and USD inflation have all impacted the rise of ADA since its last successful upgrade. Positive catalysts with bad timing crippled ADA in recent months. Time as a function is hard to...
Reviewing last week's analysis: Instead of dumping (Blue IC&H), ADA caught the C&H (green solid) on the micro. Now it is creating a H&S, taking it back down to the original Inverted H&S price target in the $1.30 range. Timing is everything, in terms of completing its cycle and hitting either the descending channel line or the support line. If it takes too...