Decentraland
MY MINIMALIST ANALYSIS FOR DECENTRALAND $MANA (ADJUSTED CHART BASED ON CORRECTION from PARABOLIC)
11.02.21
1246H +8 SINGAPORE
ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
THIS IS AN AREA OF OPPORTUNITY: WITH THE SUCCESS OF OUR FIRST SWING, THIS IS A ZONE OF ENTRY FOR A SECOND SWING.
THE MARKET IS FORMING A COIL ON A BULLISH TREND.
It has further attracted BUYERS and fueled further upward momentum. FOMO is still on the rise turning out to be positive for this MARKET.
Price is still at a bargain, considering, $MANA is comparable to $BNB.
You may want to TOP-UP for this, and to those who have missed out on the First Swing, here is another chance. Roughly 150% gains on MAXIMIZED TARGET AREA OF VALUE.
HAPPY TRADING AND ENJOY THE WEEK!
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
Follow the TOPS and BOTTOMS of the BOXES.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
Note:
Master your Trading Discipline
and Trader's Psychology
Vive Le Austist!
MANAUSD Descending WedgeA descending trend line since the ATH yesterday is visible on the hourly chart with multiple spikes occurring due to pump and dumps and/or covering of short positions (though I have not done enough research on short interest on MANA - likely bag holders are exiting positions with each new spike). $2.557 seems to be a crucial price of supply meets demand since October 30. Combine this price with the aforementioned descending trend line we see a descending wedge forming.
I anticipate a breakout from this pattern in the next few hours. A breakout down might imply further sell off to $2.1533, then further to $1.69. This collapse may be interrupted by the larger, bullish trend (which, from my interpretation, began on October 28). On the other hand, a breakout up may be met with supply/resistance at $3.43, from where a parallel channel may form (with $2.557 being support/demand zone) until the next large influx or efflux of volume. A breakout above $3.43 may imply further price movement toward $3.887, then potentially a retest of the ATH ($4.99).
The price targets I provide are my own anecdotal opinions and I observe them making room for error.
Regardless, volume is dying. The hype is waning. MANA volatility may wane similarly to other meme assets such as DOGE and GME. The purpose of this post is so future me learns from what I theoretically predict and what actually occurs.
Decentraland MANA/USDT rally after Facebook rebrands to MetaOpened to the public in January 2020, Decentraland is an Ethereum-based virtual world, or metaverse, that is owned by its users and governed through a decentralized autonomous organization (DAO).
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.
BINANCE:MANAUSDT
Resistance Zone / Sell Zone
R1: 6.171
R2: 7.271
R3: 8.695
R4: 9.180
Support Zone / Buy Zone
S1: 2.613
S2: 2.006
S3: 1.607
Cheers,
MRHPx/CRACKadabra
Decentraland (MANA) Hits New All-Time High | Bulls Win! +555%Decentraland (MANABTC) hits a new All-Time High.
This altcoin trading pair was added to Binance back in September 2017, I can remember it even to this day.
We have a long-term higher low in January 2021.
Meaning, the low/bottom set on Jan. 2021 ended up being higher than the All-Time Low.
We also have a higher high long-term.
Higher lows tend to lead to higher highs.
The growth is massive with over 555% in just the past 3 days.
After April/May 2021 price peak, we had a correction that found support at the 0.618 Fib. retracement level. Something to look for in order pairs that are yet to breakout.
The highest weekly trading volume is also visible since March 2021.
Looking at this chart is why we recommend setting your orders on target and letting it roll.
Over 5 months of correction were cleared in a single week.
If you bought the coin but didn't set your sell orders on target, it would be extremely hard to get the peak.
To understand what I am writing some experience is needed of course... But I am sharing for the beginner and the intermediate trader, some of the technical details for the advanced.
Namaste.
MY MINIMALIST ANALYSIS OF DECENTRALAND$MANA
10.31.21
623H +8 SINGAPORE
SUCCESS! CONGRATULATIONS TO THOSE WHO SHAVED OFF PROFITS FROM THE EXIT AREA OF VALUE.
WE ARE NOW AT THE BEYOND PARABOLIC ZONE AND FOMO SETTING IN. You may shave off some profits again.
I will have to check the Fundamentals now if it will still have the strength to push further upwards.
CHEERS EVERYONE!
ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
AN AREA OF OPPORTUNITY: PATIENCE IS A VIRTUE FOR SUCCESS
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
SHOUT-OUT to All the Cryptoverse Analysts!
Vive Le Austist! Vive Le Retailers! Vive Le Revoluzion!
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, Fibs, Market Dynamics, and especially trading psychology.
Note: This CHART is best used without indicators.
Master your Trading Discipline
and Trader's Psychology
Decentraland Ponzied - Ain't No Roblox - Crypto Bubble BlowoffLooks like Doge & the #simpcoin crowd FOMO to whatever goes up. Hold for broke. It's gonna take a Shib.
Ponzi Pogs Abundant! Buyer Beware!!!!
#DWAC SPAC. Another one of the many tells....
Here's Another #storytelling FRAUDSTER Below!
#CANNABISREFORM is the future. Jobs & Justice
#Akerna $KERN has the cannabis COMPLIANCE DATA!
CAOA is a #cannabiscommunity game changer. Wait for it. We'll take SAFE now also. Love the future.
It's all happening.... just not on Facebooks META. LMAO. Fook zuck!
Decentralized Content Creation & Cannabis. Noice.
MANA is in accumulationThis has been ranging between 0.5 and 0.382 for a while, now BB are squeezing and SMI confirms momentum is changing. Judging from the chart I think this is about to go up.
Use 0.5 fib line as support and possibly stop loss. I think the risk is very low now.
Sorry for the quick analysis. Good luck!
#MANA Decentraland Weekly Chart Bearish DivergenceMana (Decentraland) trend line scenarios shown. We are in a weekly bearish divergence. Be careful trading.
I enjoy creating scenarios. What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins