Decentraland
Fake Bullish Short-term but Strong Bullish Long termWe are looking at the 2h table graph with a very long sideway which often behaves like a bullish flag. However, with the recent BTC move and long sideways, the market psychology might be a bit bearish on MANA and push BTC price above $120,000. The resistance area of $2.4/MANA is strong but the option may change if the majority of MANA holders decide to not buy higher than $2.5 then as the Flag appeared, they might change their positions for a lower price within a short time. With the current Meme Coin and different new "game coins", the investors are more volatile between coins and assets so if the return rate is less than 300% then the whale might make a huge dump to make the Bearish short term momentum for short term investor. However, as MANA retracts to as low as $1.5 or $0.9, this is the ideal spot for everyone to accumulate and this is when the next Bullish run is going to happen to initiate the next $4B-$36B cash flow into MANA. BINANCE:MANAUSDT
Decentraland (MANA) rangingDecentraland (MANA)
A self defined virtual reality platform has seen a 600% move upwards after the hype around it.
People who like the project and still want to hop on this one, it is currently ranging in between the Daily Supply and 4H Demand area.
Best to wait for the break-out, enter on the retest and put the Stop Loss @ 2.5 or slightly under for a decent risk to reward ratio.
Added approx. lvls. as exits.
Happy trading.
MANA, In Absolute MANJA-PHASE, 10 USD As A Upcoming Target!Hello,
Welcome to this analysis about Decentraland under the ticker-symbol MANAUSD, we are looking at the 4-hour timeframe perspectives. In recent times in the cryptocurrency market space, there are boiling up some pivotal altcoins to consider with appropriate opportunities in the middle-to-long-term-basis. Although many altcoins are still in consolidational or bearish phases there are some gems within the market that show the proper technical and fundamental prospects for potential worthwhile setups to come around with, in this case, now I discovered MANAUSD within the main manja-phase and with the formation here that has the ability to complete showing up considerable opportunities along the line.
As when looking at my chart we can watch there how MANAUSD printed this major massive absolute exponential-impulse-wave to the upside shooting almost above 600% through the roof in just 3 days and establishing an astonishing paradigm. Now as MANA managed to hold above the 50-EMA in red and the 25-EMA in green it is printing this decisive descending-channel-formation in this structure with a coherent wave-count within, when this wave-count completes and with MANAUSD managing to appropriately bouncing within the area above the ascending-trend-line in blue and within the EMAs this will be the origin of the completion of the channel as a bull-flag and the activation of the next exponential-impulse-wave.
Taking all these central factors into the consideration now it will be important to elevate on how MANAUSD completes this whole potential flag-formation and how it continues afterward, in any case as it is always necessary it is highly important to await the completion of this whole formation with a breakout to the upside before moving finally into this concluded directly. Once MANAUSD has completed the whole formation appropriately the 10 USD target will be activated and once this target has been reached MANUSD has to show if it manages to continue with a possible next formation or firstly reverses, for now, we should be prepared in any case on upcoming volatility with this altcoin, it will be an interesting journey ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Virtual vs Real EstateA picture is worth a thousand words. This is good news for the "Metaverse" and crypto as a whole, since it shows that traditional assets and crypto assets don't necessarily correlate.
MANA is the "virtual real estate" coin that Decentraland uses, where as that line slowly sinking into nothingness is Evergrande. If we see a similar pattern emerge in other real estate markets in the world (which seems likely at this point), the boost to the "virtual estate" worlds may be something never before seen.
MANA / USDT. Updated chart Falling Wedge spotted on 4h frameMy last chart on MANA / USDT was invalidated as the ranging pattern continued or perhaps a slight downward price movement occurred. This is an updated analysis on MANA / USDT based on the 4h time frame, with a spotted falling wedge.
Is MANA / USDT (Decentraland) overvalued at its current state, or are we merely seeing a retraction before an upwards price continuation?
In case of upside continuation; If the triangle breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit idea:
TG1 - 3.5$
TG2 - 4.19$
I keep it simple and clean!
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Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
Is this a dead cat bounce on $MANA?Okay, lots of mana FOMO so i'm here with not so good news.
However, this to me looks like a blow off top.
what happens with a blow off top is that it retraces and tests the golden pocket after an irrational bullish leveraged euphoria rally
this confirms a dead cat bounce, or what it's called in the market cycle
"we're just cooling off"
What invalidates this?
If we break the golden pocket. (3.53) and closed the day above it. then the rally may perhaps continue.
Cheers!
@bitmoey
MANA NEXT WAVE UP ABOUT TO STARTAfter a 600% move up last week, MANA looks to make another run with a near 3X return off the retracement lows.
4HR MacD is curling up and ready to cross. BTC chart pair looks great as well.
Take profit levels would be $3.95, $4.95, and $6.80
Personally, I believe it will reach all the way to $6.80, which is my measured move and just above the 1.618 extension.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
🔥 MANA Second Leg: Bullish Price Action ExpectedAfter a massive metaverse-hype run, MANA has seen around a week of consolidating price action. During this period, a wedge formation has formed.
Yesterday, the price saw a strong reversal from the 0.618 Fibonacci extension and made a bullish break out from the wedge.
For the current move, I'm aiming for a target between $3.70 to $4.
Happy trading!
MANA geared up for a bull run round 2! Hello. According to my technical analysis, Decentraland (MANA)looks to be ready for a round 2 bull run. Days of MANA consolidation may be over.
Former resistance(red dashed trendline) has been broken with a breakout candle with decent volume, which is bullish. The 100 EMA former resistance has also been broken.
The 0.618 Fib acted as support, helping price break the red dashed trendline and making the breakout more powerful
A key bullish factor here is in the RSI, where a bullish divergence has shown. Also assists in making the breakout more powerful.
There is one more resistance for the bulls to push through, and that is the 0.5 fib(blue color). In my opinion this fib needs to be broken before we can see a successful bull run.
Thank you for reading! Make sure to leave constructive feedback in the comments section. It would possibly help me improve.
Also, do not blindly follow this post. Do your own analysis first.
Decentraland - MANA - Metaverse coin ready to roll? Decentraland - MANA - Metaverse coin. Finding support at 61.8 fibonacci retracement. Set up for upward movement. Stop loss identified. Target Levels identified. We will see? Edutainment Purposes Only! Technical analysis does not take Fundamentals or News into account!
decentraland MANA - one of top NFT coin. Meta for facebook??Decentraland is built for content creators, businesses and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment.
MANA is an ERC-20 token. This means it is based on the Ethereum blockchain.
with the rise of META by facebook, how far will the kind of metaverse coin will g.
Rank #42
Token
On 339,981 watchlists
Decentraland Price (MANA)
$2.56
7.94%
0.00004163 BTC7.50%
0.0005688 ETH7.53%
Decentraland (MANA) - Tokens related to major NFT themesHello?
Welcome, traders.
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With the rise of the MANA coin, NFT-related tokens are showing a high rise.
(MANAUSD 1W Chart)
Nothing is known at this point.
However, if you calculate the rise, the section 3.36504100-3.45086227 is expected to peak.
If the price holds above the 2.07772177 point, it is expected to create a new wave.
So, if you fall from the 2.07772177 point, you need a short-term Stop Loss.
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(AXSUSD 1W Chart)
If the price holds above the 137.608121 point, it is expected to peak at the 171.172107-182.360102 zone.
If it falls from the 116.340370 point, a short-term Stop Loss is required.
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(THETAUSD 1W Chart)
If it rises above the 8.6007292-9.6692416 section, the uptrend is expected to accelerate.
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(ENJUSD 1W Chart)
If the price is maintained above the 2.67570597 point, it is expected to rise to the 4.43081499-4.65020361 section.
If you fall from the 1.79815147-2.01754009 section, you need a short stop loss.
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(CHZUSD 1W Chart)
If it rises above the 0.48762724-0.54792702 section, it is expected to rise to the point of 1.09062504.
If it falls from the 0.28242521 point, a short-term Stop Loss is required.
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(SANDUSD 1W Chart)
I think it's already near the peak with a lot of ascent.
If there is an extreme uptrend, it is expected to rise to the 2.3-2.4 section.
We need to see if the price can be maintained above the 1.65912239-1.74052692 segment.
If it falls from the 1.49631334 point, a short-term Stop Loss is required.
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(IOSTUSD 1W Chart)
IOST is a coin that has newly joined the NFT market.
IOST is showing a different flow from major NFT-related coins.
Therefore, an uptrend is expected as a latecomer to circular pumping.
If the price is maintained above the 0.04086316-0.04568056 range, it is expected to rise to the 0.09867190-0.10348930 range.
In the event of an extreme uptrend, I would expect it to rise to around 1.7.
If it falls in the 0.04086316-0.04568056 section, a short-term Stop Loss is required.
However, caution is advised as it may touch near the 0.03461413 point and rise.
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(NFTUSDT 1W Chart)
As an NFT token operated by Tron, it seems that the full-fledged business is not in progress yet.
Currently, NFT is a token that is airdropped if you have TRX, BTT, JST, or WIN coins.
So, if you want to invest, you need to invest in the long term.
If the price is maintained above the volume profile section being formed at the point of 0.0000038993, it is expected to continue the upward trend.
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(Market Cap Chart)
You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.
BTC.D Chart: It is important to find resistance in the range of 47.64-48.81.
USDT.D Chart: A decline below the 2.670 point is critical.
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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
MANA to new ATH?Decentraland broke up this triangle 📐 and I think there is chance for run to 5.17 and even higher. Setting BUY LIMIT order to catch the pullback. MANA just show us some magic!⚗️
ENTRY : local high @ 2.99
SL : local low @ 2.66
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 5.17
RRR : 6.6
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.