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Decentraland

🔥 MANA V-Shaped RecoveryAfter the massive sell-off earlier today, it seems that the market is already recovering. Several alts are shooting up, of which MANA is outperforming almost all tokens. In case of BTC getting above 50k in the coming hours, expect alts to follow. I'm currently targeting the previous ATH at $5 and the current ATH at $6 as potential exit areas. Be aware that we might correct a bit towards ~$3.5 to $3, so wait patiently for the bounce from there. Happy trading!
Long
by FieryTrading
29
Be fearless when people scare, be scared when people are greedyBeware MANA within the next 24 hours. I would suspect the momentum is created in a past week's downside. The volume of trading is decreasing too, the RSI is compressed below the midpoint, the support at $4.2 is strong and the bear can not break it. The Decentraland as usual open the party on their land. The Axie retook the spotlight from Decentraland and it is time for us to see the comeback of the MANA. However, in order to have a strong push, the MANA might need to go lower at 3.9 to get more momentum for the next $7.5 run. This is not financial advice and trade responsibly!
Long
by Haizsama
1
#MANA is ready to pump more than 80%#MANA in it's #USDT pair made a triangle and there is 2 possible scenarios for this chart in 4h time frame 1 : Break out the triangle and reach to 5.3 and 5.8 as next resistance levels 2: break down supporting level in the area of 4.2 and retest next support in 3.93 and 3.5 IN both scenarios #MANA is following targets : 6.5 - 7.8 - 9 - 10 - 15 Best approach is buy step buy step in the supporting levels and rebuy in Rebuy Zone if stoploss (3.93)
by SorooshSchool
8
Decentraland ( MANA ) Bullish Trend / Metaverse Leaders / H4Metaverse is a world that has been on the tongues for some time! MANA and SAND are the two leaders of metaverse, the analysis of SAND was recently published for you. MANA broke its long term trading range and rallied up with series of bull candles. After hitting new ATH it fall down and got supported with $2.22 - $2.34 price. Then it started to create higher highs and higher low is simplest and basic sign of bull trend. 2 important levels for us are: 1) Bullish Trendline ( Gold Line ) 2) Breakout point as Support ( $4.2 - $4.36 ) Higher prices expected if bulls hold price above this 2 levels. **This is not an investment advice. Your capital might be at risk.** Give me your idea on comments... Good Luck...
Long
by AmirSoraya
6
Mana to $7 or $3 first ?Hello all. Interesting pattern formation for mana both on daily and on the 4hr charts. We have a descending channel which can play as a bull flag and put us around $7. On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level corresponds with the 50 EMA on the daily also with the fib gold pocket. Definitely interesting to watch since we have bearish and bullish sentiment going on. Keep an eye on it. Super bullish long term and buying more. Top of the ascending channel sits around $7 which we will reach very soon no matter what. Thanks for reading and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
1
MANA: HTF FractalHTF Fractal taken from previous price increase, when stretched so that the beginning of the run fits the beginning this current run, seems to be somewhat predictive so far. Is this a crazy price target? Yes. May it be warranted? Possibly... MANA is now a direct competitor to 'META' (formerly, 'Facebook'). Meta's current market cap is ~880 billion. MANA's is around 8.6 billion. If MANA had Meta's market cap (so assuming some scenario where MANA becomes THE metaverse, beating out Facebook /Meta and all other competitors), that would put MANA's price at ~$482. Full disclosure: this isn't so much a serious possibility in my mind, at least not yet, I'm just posting this to see how this theory/ fractal pans out; mostly just curious.
Long
by VictorFreed
2
Virtual vs Real Estate - $MANA vs US/Chinese Real-EstateIt's always been a dream of mine to have a creative space where artists, intellectuals, entrepreneurs and activists could congregate and meet. High costs of living made this impossible but we might be able to do something similar in the #metaverse, which is the next best thing. I've already seen some amazing stuff in Decentraland and Cryptovoxels despite it being very early. Very bullish on the direction the metaverse is going in right now. Once royalties and distribution of #NFTs get streamlined, there's no telling how big this thing could get. IRL, artists have already been displaced many times due to NIMBYism and a society that just can't be bothered to give creatives the decency of basic infrastructure and services. #Crypto gives a low-cost option of selling their work in ways that Web2 failed to do. So the goal of NFTs, Metaverse, and crypto-based creative projects should be to make as much cool things as possible, to draw attention away from traditional arts/entertainment venues and brick-n-mortar museums/galleries to shift demand towards these mediums over IRL ones. Real-estate prices are way overinflated right now due to decades of NIMBYism, mismanagement and corruption in the appraisal process and is waiting to pop any day now. The metaverse may be just the thing needed to accelerate that pop. This is good for most people, as a whole. Ignore the talking heads saying that a real-estate crash would hurt the poor. That type of trickle-down BS is what got us into our current situation to begin with and should be dismissed entirely. A deflated housing market will reduce rents and homelessness - it's just math. So in a way, the metaverse IS the market correction in the IRL real-estate market that we've been waiting for. Induced demand goes digital, countering the artificial scarcity of NIMBY practices in the real world, and will reach a new equilibrium of sorts after a few years. After that, it's anyone's game. But we get interesting content in the digital world while reducing rents IRL at the same time. A win-win. But my money is on $MANA, $ETH, and NFTs since they're small in size by comparison and has a lot of room to grow. That's how money is made. If you need proof, this chart showing MANA doing inversely well against the US and Chinese real-estate market right now. The US markets are printing a lot of money to keep their prices artificially high, but as inflation rises it's going to reach a point where growth will no longer be possible. And so far it's pointing in the direction that crash could result in crypto assets experiencing exponential growth as a result.
COINBASE:MANAUSDLong
by RyanTanaka
MANA USDT 2H Here's how I would trade MANA / USDT 2H: If the price breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: Entry point - approx 5.03$ TG1 - 5.2$ TG2 - 5.4$ TG3 - 5.6$ TG4 - 5.7$ TG5 - 6.4$ ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely! ------------------ About Decentraland: "Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize. Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences. Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace." Source: Coinmarketcap.com
Long
by Droz_TA
2
More Cup and Handles!?!?These are just possible scenarios and not financial advice. Two Bullish, One Bearish. Short-term Cup&Handle takes us to $6.11ish...which would have the original monster Cup and Handle's same target!  Ascending triangle to $7.50...maybe checking in around $4.62 again before heading there?  If she drops to $4.37, making a flat bottom, expect a drop towards $3.27.  Unfortunately, the bearish scenario would be confirmed by both the short-term .382Fib AND the target of that nasty H&S we were hoping got stifled the other day...Good luck.
MLong
by keykomg
1
Decentraland (MANA) Update: $12.45 Target🎯 Potential 146% Gain Decentraland (MANA) Update 29/11/21: $12.45 Target🎯 Potential 146% Gain from the current price. Since the 13 EMA crossed up above the 50SMA on the 26th October, Decentraland (MANA) has been in parabolic impulsive wave from $0.75 to $5.71. This was a 600% move in just under 30 days from the 26th October to 26th November where MANA set a New ATH @ $5.71. From the current price we expect MANA to push above the ATH once more before a much needed cool off period where we can see a weak retracement before the next leg up. Use the Buy Zone to map your Buys whether you're accumulating or want to enter. I believe the range between the 50% and 61.80% is the optimal level to sniper in at the current levels. It is important to note, although we are expecting a cool off period in MANA, we can expect continued growth for MANA in the longterm. Our current targets for Decentraland (MANA) from the current price level @ $4.99 127.20% fibs @ $7.15 (42% Gain) 161.80% fibs @ $8.98 (77% Gain) 261.80% fibs @ $14.28 (182% Gain) 423.60% fibs @ $22.85 (352% Gain) Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :)
MLong
by CryptocurrencyMagnet
3