MANA: WILL METAVERSE TAKE THE MARKET BY STORM?Some points to mention regarding the chart:
1. The significant role of MA21.
2. The steady and consistent volume, albeit at lower levels compared to the previous bull rally.
3. The 2.5 - 3.5. is of great significance considering the price history in this region. The manner of breakout is consequential.
Decentraland
I am 250% Bullish......and patient. The chart really hasn't changed. Mana bounced off of the lower trend line (BLUE). Months ago, I started illustrating MANA's progression through Cup and Handle patterns, one leading into another, acknowledging the function of time as an unknown. Time is on our side, as the patterns play out, the deeper the head, the higher the target. Same concept is illustrated today using micro and macro Inverse Head and Shoulder patterns as projected through resistances and their relationship to the Fib .5.
Although this is the daily chart to show the big picture, zoomed in on the 2hr, MANA is currently completing an Inverse H&S (ORANGE) with a target in the $3.33 range. This will leave MANA in last week's position, needing to close above last week's high of $3.55, hopefully with more strength from the recent drop. This would lead to $3.64 and then the $3.80 area, completing another Inverse H&S (GREEN) with a target around the ATH. From the ATH, MANA would complete the macro Inverse H&S (PURPLE) with a target of around $10. There is no data above the ATH and MANA may see the same parabolic pump, (1/2 around 250% from current price, but 500% higher than the Fib. low @ $1.71). Just as what goes up always comes down, that which comes down, will again go up. The industry is growing (just beginning), not shrinking. These are just my ideas and not financial advice. I do not recommend using this chart as a function of time...I truncated it to fit in the screen. I am not expecting anything below $2. What happens after $10? Depending upon when THAT happens, probably a drop to $4.90 in early October or $5.90 at the end of December...not crazy talk, just when the lower support that now sits around $2 would hit projected Fib. retracements after $10...so who knows?
Link to 2hr time frame:
Ethereum Daily TA : 02.14.22 $ETHAs you can see , the price reacted negatively after reaching its resistance X-Point and started to correct from $ 3280 and is currently trading in the range of $ 2900, the price has lost its uptrend support but still has the dynamic support of the broken downtrend. If this range is also broken, the important support ranges are $ 2650 to $ 2800 and $ 2150 to $ 2500, respectively. These are the ranges that can be a PRZ , the next important PRZ is the price lowest price in July 20, 2021, which is in the range of $ 1700 to $ 1850!
Resistanses are $ 3190 to $ 3400 and $ 3700 to $ 3900, respectively.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 14.Feb.22
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MANA 15 min Chart - FEB 13-14 - FED Reaction watchMANA also seems to be building up pressure. I think either way it goes tomorrow this is where i look at use case. my child introduced me to the power of game spending when i got an amex call saying they just spent 2000 on some gems to buy an outfit for a new character. This market is riding the crypto wave but is Powered by the gaming generation and has a solid reason to belief value. The fed is almost using these meeting announcements as market manipulation and honestly i wouldn't mind if they would write some bills that allow then to invest and make money and that has to go directly towards the national debt. Otherwise they skirt to much towards their own pocket and not the countries. we should be allowed, as a country, to hire a new finance manager. I vote Bitcoin.
Mana at Daily supportMana seems to have found strong support at converging 50MA/EMA while also tagging super trend. Also at Horizontal support that perfectly lines up with .382 fib level. .236 fib also lines up with what should now be HZ resistance. If $btc is at bottom of channel and heads back up to 46k, watch for $mana to make another strong move.
BITCOIN Daily TA : 02.11.22 $BTCAs you can see, the price reacted negatively when it reached to $ 45,800 range and formed a bearish Pinbar . If the price closes below $ 42,200 , I expect it to fall to the 41K range as the first bearish target. If the price can consolidate above $ 42,200 , we can expect another bullish move, at least up to 46K.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.Feb.22
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SOLANA Daily TA : 02.11.22 $SOLAll the supports and resistances are marked on the chart and everything is clear in this analysis , but , just in case , if you had any questions or doubts Please feel free to ask in the Comment section .
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.Feb.22
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Decentraland MANA 23% drop or 60% pumpHello all. Looking at MANAUSD on the weekly timeframe, we see that this coin has broken bearish out of the (white) falling channel/descending channel.
Currently MANA is inside the green up-trending/ascending channel. On the daily as well as on the weekly mana failed to break above the $3.5 psychological price barrier. Currently mana is due to a retest and here are the scenarios where and why the price can go next.
Bearish scenario: If mana fails to break above $3.5, I would expect mana to retest the bottom of the channel at around $2.5. This is where the daily 200 EMA is currently. From the current price to the bottom of the channel it is a 24% drop.
Bullish scenario: In case mana break above $3.5, I would look for the price to reach first the fibonacci golden pocket at $4.3-$4.5, and then $5.9 the top of the channel. From the current price to the top of the channel it is a 60% up.
The stochastic RSI is very bullish, as it has never been so oversold and with a reading below 20.
Thanks for reading, and stay tuned. Enjoy.
Complete the "W," then...From institutional investors, public sentiment on a given day, the Fed, to even the tweakers, so much beyond fundamental analysis and indicators impacts the direction of price movement.
2 Scenarios:
1. So...let's talk about the tweakers. You know they are dying to sell at $3.4567...and not $4.66 or $4.52 where the metrics indicate. But alas, I think we need a deeper correction for the health of the coin. The sooner the better so we can have more information moving onward and upward. I think it will complete the "W" as the last stand before dropping to mid $3.20s, failing, then continuing down towards the Fib .382 and .5 levels. I can't find it now, but I had a lower number above $2.87, around $2.96, that I was looking at the other day? Maybe it was just the Fib before it went up to $3.55.
2. The "W" is essentially a double bottom, which is bullish. Why not push higher at that point? I don't know...I think the bulls are tired and there have been a lot of shorts and it's just time to go back down. So, if the tweakers fail to break the uptrend, it may hit its $3.60's target. I do think this is possible as BTC looks positioned to hit $45500, perhaps Dbl topping to give the market a point to come back down. In confluence with BTC's trend, MANA is forming a symmetrical triangle with a target of $3.55, another Dbl Top. Fib. retracements won't be affected unless MANA breaks $3.55. This is not financial advice so keep a close eye on things. Good luck.
3. My plan, and definitely not financial advice: Sell with the tweakers...buy back in around $3.38 if I think BTC is still on track...sell at $3.55, then follow Mr. Fib.
MANA Signal for HODL : 02.03.22 $MANAAll the important levels of support and resistance are marked on the chart. In this analysis, we will identify good entry points for you so that you can buy in these ranges when the market falls further .
📊 First Entry Point : $ 2.6
📊 Second Entry Point : $ 1.8
📊 Third Entry Point : $ 1
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 03.Feb.22
⚠️(DYOR)
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$BTC Daily TA : 02.10.22The price after a positive reaction to the support level that mentioned in the previous analysis is currently trading in the range of $ 44,600 . The first important and key resistance is the $ 45,500 level ,and if the price can close above this price it can growth up to the $ 48,000 range . The reaction to this Bearish OB zone will be important to us! Support range in $ 41,200 to $ 42,700 zone is still valid.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.Feb.22
⚠️(DYOR)
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Nice short-term buy signal for #Decentraland #MANANice short-term buy signal for Decentraland MANA
Chart also shows the last two comparable signals - of course never a guarantee.
What do you think - do you hold this coin? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
MANA trend lines#MANA/USD
$MANA is inside descending parallel channel, and now struggle inside resistance zone that can be around upper line of the channel.
🐮 if it success to break out descending resistance and parallel trend line from shadow of ATH, it will head up toward $6.5 and $7.
🐻 if price reject from this descending trend line, it will drop to support zone around $2.5.
Finally, right?I always stress patience, but geez, we've been looking at these numbers...waiting for weeks. Chart is pretty much the same. I'm watching to see if BTC hits $45k, and what it does when it gets there. I anticipate a sell-off to some degree. You can see the ascending ORANGE channel has potentially run its course, giving way to its mother in BLUE. However, MANA may be simply gathering more support to break through this resistance on its way to $3.64. Therefore, I am watching to see what happens (soon) as to whether it will continue correcting or break higher of the small symmetrical triangle. This is where the BLUE circle is. Good luck. This is not financial advice.
$BTC Daily TA : Bull 🟢 or Bear 🔴 ? Well Guys , as we can see the price is trying to break THE important static resistance range and its 50-day moving average (MA50D) . If the price can close above the $ 42,800 to $ 43,300 range, we can see it as a optimistic view for the market . The next important confirmation to change the trend from bearish to bullish is the record a new High above $ 44,600.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
MANAUSDT (Decentraland) 1D BINANCE:MANAUSDT
⏰ Time Frame : 1D
🟡 the price has reached to an resistance range ($ 3.39) ,
and if the price can break this resistance and consolidate above it , we can expect growth up to the range of $ 3.96 and then $ 5.19 _ $ 5.90
Otherwise it returns to the support range .
⚠️ (This isn't a signal for buy or sell)
#️⃣ 2022 / 02 / 07
#️⃣ 1400 / 11 / 18
👸 Parisa Alipoor : @parisa_alipoor
MANA , Bullish in overal !Mana
Mana managed to break its downward trend after a long time and was successfully done by Pullback
The price is expected to continue its upward trend after a short correction
But if there is too much correction, it is possible to return to prices close to 2$
But I think the overall scenario is bullish
📊 #MANAUSDT ( Decentraland )
💹 Time Frame : Daily
🔵 Personal Opinion : HODL
👤 Saeid.Mahbob
📅 02.07.2022
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Wanna get into MANA?Today is a good opportunity to emphasize FOMO. You didn't miss out. $3.14, $3.22, $3.30, $3.43, and $3.64 were/are all targets for this weekend. BTC is flat (slightly in the red), so the higher end of the targets aren't happening. I watched...I hoped...put in my sell for $3.43...missed it and caught $3.3775 after it bounced from $3.32. This leaves me thinking, hoping for my next entries on the way back down. People who FOMO somehow think prices go in straight lines. They never have and never will. I am watching very closely and will trade this all the way down to, hopefully, $2.92...and maybe even $2.81 if I'm lucky. Again, BTC isn't budging. First, I will be watching to see if MANA breaks above $3.33 in the next hour. If it does, I'm right back in for a short bounce that could be fueled by FOMO as people are waking up on the West Coast. That being said, I really don't think this will happen, but if it does, its target is just above $3.43, completing that previous target. What I do expect are bounces all the way down at the levels indicated by TEAL arrows. The rebounding sell prices will be determined based upon whatever short-term resistances are created on the way down. Some assets like ADA and ETH stick really close to Fib. MANA, stays close, but slightly more volatile...and that's why I trade it. I don't have to get the top 2% on a sell or the bottom 2% on the buy...that middle 12%-30% ensures profits and accumulation...and peace of mind, which is priceless. Be careful. Do your own research because this is not financial advice.