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Decentraland

🔥 MANA Bullish Channel: New All-Time High TargetA little while ago I made an analysis on MANA and the bullish channel it's been trading in. The trade was a great success, congratulations if you made some gains. As seen on the new chart, I've redrawn a few lines to fit the new channel narrative. We're currently trading yet again near the support of the bullish channel. Assuming that the price will follow the channel yet again, expect a strong bounce coming our way soon. I'm looking at the $6 resistance for a potential exit. If you're confident enough, exit the trade around the channel's resistance area. Happy trading!
Long
by FieryTrading
18
SAND / USDT 1HHere is how I would trade SAND / USDT 1H, symmetrical triangle pattern. If the price breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 6.69$ TG2 - 7$ TG3 - 7.34$ TG4 - 7.6$ TG5 - 7.84$ TG6 - 8$ TG7 - 8.3$ ------------------ 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 The Sandbox: "The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community. According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform." Source: Coinmarketcap.com
Long
by Droz_TA
6
MANA $7 incoming very soon Hello all. Here is a quick and simple MANA analysis. Like the entire market, mana took a dive today towards the Fibonacci golden retracement pocket around $4.3. This level is also the support level if we look at the daily chart. Looking at MANA price action on the 4 hours, we can see that MANA broke down bearish after the head and shoulders pattern played out. We had two retests around the golden pocket and also it Looks like we have found support at the 50 EMA . The stochastic rsi remains in the oversold territory but I expect the price to go as low as $4 but not further. The long entry at this price level will get us 65% profit once the price of MANA reaches $7 (fib 161% and top of channel). I see this just another opportunity to buy at cheaper prices. Thanks for reading, share and comment. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
5
₿ BITCOIN 1D & 4H ₿ : 26.Nov.2021 (BTC)The price of bitcoin has already reacted to a very important support range, and if it maintains this level, it can be said with 40% probability that the price correction may be over And the price may start to rise again after a one-weel time correction . but there is a 60% chance that the price correction will continue to the level of $ 51500 to $ 52000 , which is an important PRZ (Potential Reversal Zone) . Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 26.Nov.2021 ⚠️(DYOR) ❤️ To give us energy and motivation , please like and leave a comment. ❤️
by ArmanShabanTrading
5
Decentraland Hits A New ATH, Grows by 4370% | The MetaverseWe know Decentraland since its inception. We've been in the cryptocurrency markets since 2013. MANABTC (Decentraland) has grown over 4350% since January this year... This is aa great market. MANA is related to virtual reality/the Metaverse. What you see happening here will be repeated through the Altcoins market. Be patient and you will be rewarded with great gains, wealth & success. Yes, there is room available for additional growth. Namaste.
Long
by AlanSantana
MANA trading possibilities mapStill holding uptrend here, up from the support hold at 3.50$ as initially thought. Big resistance here shown by blue line at 4.30 region. A breakout from this point will most likely lead to 5$ in the short term. Or else it will most likely turd down and test the 3.5$ region again. The second scenario involving the failed breakout (red line) will cause a great loss of momentum and my shift the sentiment over to bearish. Still long for now
Long
by MysteriousPersian
4
MANA- New Support and off to 6,4$ ⏫⏫⏫MANA's turn to outperform SAND, that's what our chart shows. Our estimate and analysis few days ago was that Mana will be outperformed by Sandbox. This happened and now could be reversed. SANDBOX at resistance while MANA is ready to fly higher to 6,4$ This is a personal opinion based on our research, do your own and feel free to comment. Decentraland has a great future ahead. The Metaverse is HOT Good to know: events.decentraland.org Decentraland events is something I follow! You should do the same... One Love, the FXPROFESSOR
Long
by FX_Professor
13
MANA Bullish move broke its ATH and on the way to $10Hi fellows! MANA has made it and surpassed its past ATH 4.99. The MANA top 100 holders did not make any pump or move yet. This indicates a strong market incentive for the MANA. At the same time, SAND also got pumped (with the involvement of top 100 holders of SAND) meaning the market for NFT and metaverse is very BULLISH right now! Happy Thanks Giving and enjoy your holiday! This is not financial advice and invests responsibly!
Long
by Haizsama
2
Path to new ATH?I've wanted to write about all of the Cup and Handles that I've noticed on the micro (even when making very short term decisions on the 5min) trend during MANA's latest run. It makes sense, it is a bullish formation and MANA is very bullish. I've said in past posts that MANA is "behaving really well." From textbook H&S to Inverted H&S to all the C&Hs to respecting the ascending channel without fault, MANA has been pretty easy to speculate. It even follows rules with regard to time as a function. IF YOU BELIEVE MANA CAN HIT UPWARDS OF $5, $9, $10+, there has to be a path and the current setup could be HOW WE GET THERE. What we are seeing now is the formation of a massive Cup and Handle on the macro chart, with what will bring all-time highs. It's target is massive and supported by the 1st leg up on the Fibonacci extension. I think/hope we are here. At the very least, I'm bullish on the short-term micro chart as a smaller C&H is forming, also confirmed by the short-term Fib. extension. This short-termT cup may be just the catalyst we need to break higher, and then onto the "big picture C&H." All that being said, BE CAREFUL. One good reason to be skeptical is that I generally don't use data from the original pump when making a forecast. However, I've also missed out more than not when doing so. I'm a "chart guy" and this is just what the chart is saying, in how I'm reading it. Too good to be true? It should be, but this is not the Fortune 500 market. 45% spike isn't ever out of play and happens frequently. Look for a break above $4.38 and keep an eye on the micro 13% gains? This is definitely worth paying attention to. This is just an idea that I'm sharing with you...not financial advice. I'm looking forward to watching this play out. Keep in mind, this target may not happen in a day...we still have to break out of the triangle, AND pass the ATH...this little 13%+ cup will put us out of the triangle and just below the ATH. A lot of potential volatility and stomach aches ahead. Volatility = opportunity. Set stop losses, don't invest more than you can afford to lose, and good luck. Let me know if you are seeing something very different, please.
MLong
by keykomg
I am very Bullish on MANA right now and I will explain whyI am very bullish on MANA right now as I am a fundamental analysist with analyzing both team, cash flow, cash distribution, and another part of the project before investing in anything. MANA is different than SAND boy with a recent boost. If you have some time to go to coinmarketcap and check the holder of MANA and SAND, you will realize top 100 holders of MANA only hold 78% MANA token (these holders include the Dev team, and I think they are the top 2 wallets with ~185mil MANA) compared to 96% SAND token. Remember, MANA has 1.8 Bil MANA tokens currently circulating with a Total of 2.1 Bil MANA tokens available (That is right, roughly 300-400 mill MANA are held by the MANA's Dev team). This is very decentralized! Compared to SAND with 800Mil token in circulation and the Dev team hold 2.2 Bil Token of SAND. You can also make a note of the MANA's price jump price from Nov 11 till Nov 15, and check the holder portfolio during this time. It shows the top 100 holders of MANA actually buy back MANA during that time to make the price jump from $2.5 to $3.6 and sell out the same MANA to make the price drop down to 2.9 during these 5 days. What happened is that people kept buying in and holding it for long rather than shortening on MANA. This is the very important key point here, the new MANA's holders majorly have an investor mentality for the long term. Since that buyback and sale from the top 100 MANA holder, the MANA price has been very stable growing up until now. The whole goal of MANA is not to make you a rich FOMO boy, but to distribute tokens to make it become more decentralized, and currently, it is the most decentralized metaverse out there with the lowest token percentage for top 100 holders. If you do the same analysis for SAND you will realize the top 100 holders in SAND and others have a very different strategy and they tend to have a longer time frame to accumulate and sell off the token. After we saw the price jump on Nov11-15, we can see how capable the MANA top 100 holders can do, however, the main point is MANA needs to be at a low price to attract more people to it. The one that is going to attract more is the real estate management companies. Within 24 hours, there was a Canadian real estate company purchased $2.5 Mil worth of land on Decentraland right on the fashion district. The article is following (you can google search it): ----------------------------------------------------------- "On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland. Specifically, Tokens.com purchased 116 parcels of virtual land for a total of 618,000 MANA, the native currency of Decentraland, according to a company release. The company claimed the purchase represented the largest transaction of its kind to date. Tokens.com purchased the land through the virtual real estate firm Metaverse Group, which offers virtual land development services for clients. The purchase is equivalent to 6,090 square feet of physical land — which is approximately the size of 1.3 basketball courts. In mid-October, Tokens.com purchased a 50% stake in Metaverse Group for $1.68 million. Metaverse Group also sells and rents virtual land in the virtual world platforms Cryptovoxels, The Sandbox, Upland and Somnium. The purchased lots are based in Decentraland’s Fashion Street district and will be developed to accommodate the growing demand for fashion brands to showcase digital merchandise in the metaverse. “Fashion is the next massive area for growth in the metaverse,” said Sam Hamilton, Head of Content at the Decentraland Foundation, in a statement. “So it’s timely, and very exciting, that Metaverse Group has made such a decisive commitment with this land purchase in the heart of Decentraland’s fashion precinct.” Digital land is valued by the foot traffic it receives and its proximity to brands located within the metaverse, as The Block previously reported. " ----------------------------------------------------------- As you have read it throughout, accumulating MANA is actually turning out to be a good long-term investment because the real world is coming to know about MANA right now. MANA tokens will be needed for services and it is a great example of lithium/petrol in the metaverse world. Now coming back to the chart, the running price from $2.9 up until now $4 are made by major people of the community rather than the top 100 holders. It does not mean they don't think MANA is not potential, it just means they create room for accumulation before making moves. My chart has been able to predict correctly the move in the past 72 hours, so that is a good sign of my good sense lol! If MANA would be able to break the support line and run straight to $2.9 then it would be my dream as I am hoping it to drop down every day in the past 15 days. This is not financial advice and please invest responsibly!
Long
by Haizsama
7
Mana To $5$mana #decentraland bounced off of support and now looking to go after $5 at top of channel and ATH. Support was found at bottom of Channel which had confluence with super trend, 50 MA, and bottom band. Mana is stuck at golden pocket and 20 MA but once H4 closes above, it should be ready to make a big move. DYOR and GL ! --------------------------------------------------------- Top 10 trading tips: 1. DO NOT FOMO into PUMPs. 2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Use multiple indicators to confirm your TA on price action. 10. Only trade what you are willing to lose. It will be hard to trade without emotions. Disclosure: This is not financial advice. I do not take every trade I post. Never trade off of someone else's chart until you DYOR!
Long
by DaCryptologist
MANA ⏫- The Battle of the METAVERSE (No breakout unlike SAND ⏫⏫)Decentraland finally offered me a good experience: Banksy art sold at Sotheby's for Ethereum . Watched it live from Decentraland. 👓 Mana has failed to break it's resistance and the flight is paused until that happens. Our chart will help you understand this better. Also look at our previous SANDBOX ideas for comparison. Our estimate and analysis is that Mana will be outperformed by Sandbox. That is a personal opinion based on our research, do your own and feel free to comment. Needless to say that Decentraland has a great future ahead. The Metaverse is HOT and it will remain that way for months and years... but prices can correct at any time so mind the resistances. Good to know: events.decentraland.org Decentraland events is something I follow! You should do the same... One Love, the FXPROFESSOR
Long
by FX_Professor
5
You didn't miss out......you never do. Sure, we've all missed a sell or buy that can make you sick to your stomach. But as we learned within a couple of hours or days, it always goes back. Remarkably, more like dumb luck, my last post contained orange dashes to show potential movement. It followed it to a tee. I'm not patting myself on the back, in fact, I'm going to erase them because it's dangerous to think that is even practical. I'm not sure when, because MANA just found huge support at $4.08, but there is a strong case to be made for the price coming back to the $3.88 area. There's a great case for it to also visit $3.55. The "M" shape would happen to play out exactly with the short-term .5fib around $3.88. I chickened out earlier, sold at a nice round $4.20 even though my plan was $4.24. With the bullish momentum increasing, I will happily settle for getting back in at $3.88. $3.55 would be cool, but I'm also happy MANA didn't blast through $4.25 and keep flying higher. Volume is picking up and it is getting super volatile. Even though I erased the dumb dashes from the last post, the pink circles are logical spots for one last touch of the lower trend line before blasting out of the triangle pattern. Should we breach the upper trend line in a meaningful way, then we will not be hitting the pink circles. Be very careful. Although there are no indications of a major dump, the volatility is screaming and it could just as well crash down to the $3.30 level should support not be made. MANA could also just go off like a rocket. If you miss out, don't sweat it, just do your research and enter a new position. Check out ATR's and how to use them when setting Stop Losses. If you're new to this, make sure you are on a reasonable time frame when checking the ATR. Again, be very careful right now. A lot of things are coming to a head the next couple days. Keep your fingers crossed because it's completely out of our hands. MANA has a mind of its own.
MLong
by keykomg
2