MANA/USDT Had a Good Bull Rally | What's the Next Move? 💎Yello, Paradisers zoom in on MANAUSDT! It's currently tracing an ascending channel, suggesting a potential adjustment due to the looming supply zone.
💎Lately, Decentraland has maintained a steady climb within this upward channel. Yet, a shift or correction might be on the horizon. It's essential to highlight that MANA is navigating towards a crucial support mark at 0.3445.
💎Beyond this point, there's a distinct supply zone marked by an untouched OB. If MANA descends past the support, it's poised to gravitate towards the demand zone indicated on our chart.
💎Enhance your trading decisions for Decentraland with ParadiseFamilyVIP. Dive deeper into our expert insights on MANA and other promising coins, refining your crypto approach.
Decentraland
MANA Accumulation phase. BINANCE:MANAUSDT
Last time Mana spent more than 150 days in accumulation zone before uptrend move. Probably if we find out resistance at sellers zone (marked red block) locally, we can drop once again to buyers area (marked green box)
Mana lost 86% since ATH so its good time to accumulate Mana now step by step. If you worry about your investments you can fix 50% of your investments in Mana at sellers zone and leave free coins.
Now we only 80 days in accumulation period, so probably by end of October/November we can formed final bottom and start climbing up.
On chart we can see now so low volume on both sides.
We retested 0.618 Level by FIB on D1 Timeframe and going out of downtrend line, so yes, hypothetically we can trade 80 days more in sideway.
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$Mana : Advanced Analysis of Potential Trend Reversal!
"Unlocking Cryptocurrency Insights:"
In the realm of sophisticated technical analysis, Mana, a cryptocurrency of interest, is currently in the throes of a breakout from a meticulously observed weekly triangle pattern. This pattern signifies a pivotal juncture in price dynamics.
Moreover, the formation of an Inverse Head and Shoulders pattern, consisting of left, head, and right shoulders, is now on the radar. This pattern is renowned for its potential as a market reversal indicator. However, the fulcrum of the analysis pivots upon the forthcoming Bitcoin halving event, a seminal occurrence in the cryptocurrency domain that profoundly influences market sentiment and trajectory. s3.tradingview.com s3.tradingview.com BINANCE:MANAUSDT
MANA is about to explodeYou are with MANA review
MANA has been in a price-time correction phase for a very long time. By examining MANA waves, I came to an interesting structure
We have a large diametric, which is now the analysis image for branch E of this diametric. Branch E itself has become a diametric. Looks like we are now in wave g from E. The g wave of E also appears diametric.
If the price reaches the green box, it is a great buy position.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Decentraland dump incomingUnlike what people thinks, Bitcoin is in the supply zone, what means that it still has to go down towards 20-22K before the bullrun starts.
As all coins follow Bitcoin, Decentraland has to dump around 30% despite the upcoming event.
Decentraland is following a parallel channel, so it is at or below 0.19 dollars the perfect zone to buy.
Not financial advice.
MANA/USD (Decentraland) 1w LONG-TERM MANA/USD (Decentraland) 1w LONG-TERM Analysis.
✨We have witnessed 2 different cycles between 2018 and 2023.
✨It is now 700 days since the peak. the parallel channel has worked well so far.
✨We have reached the end of the 700-day downtrend. the weekly rsi value also confirms this. The centre line of the parallel channel has also worked well.
weekly rsi: 34 Now
>>In the rally towards the end of 2024, I think that mana will be strongly accompanied. I think it will exceed the old ath level.
And we also look MANA/BTC
weekly rsi : 26 (OVERSOLD)
Start of uptrend: 0.3439Hello?
Hello traders!
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(MANAUSDT chart)
(1W chart)
The key is whether the price can be maintained above 0.3136 and rise above the MS-Signal indicator.
Accordingly,
1st: 0.3865-0.4490
2nd: 0.6983-0.8387
It is necessary to check whether it can lead to an increase beyond the first and second sections above.
(1D chart)
It is expected that a full-fledged upward trend will begin only when it rises above 0.5914-0.7159.
If the price stays above 0.3061, it is expected to turn into a short-term uptrend.
If it rises above 0.3439, an upward trend is expected to begin.
If it falls below 0.2827, it is highly likely that it will lead to a further decline, so you need to think about a response plan.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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MANA Looks GOOD ?!!?When taking a look at Decentraland "MANA", it is currently holding a key support level and when price is at support, the most probably outcome is for price action to become bullish and try to go for the next big resistance zone arounf $0.38 then $0.45.
if the momentum continues, 100% gain from these levels are probable. This means price needs to reach $0.60
Let me know in the comments below where you think #MANA will go.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
DECENTRALAND - Impulse, Correction... 200% To Be Made!MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse.
We are currently within the correction and looking for Wave B completion.
Will be looking for lower timeframe price action to tell us when to enter with a small stop loss!
Goodluck and as always, trade safe!
MANA/USDT bullish momentum? 👀 🚀 MANA Today Analysis💎 Paradisers, gear up for a fantastic opportunity with MANAUSDT! Currently, it's situated in a demand zone and is setting the stage for a bullish rally👀
💎 MANA is closely following a falling wedge pattern and is on the brink of a breakout. When viewed on a higher time frame, the asset shows significant buying pressure, indicating that short-term bullish moves are likely.
💎 Keep an eye on the pronounced supply zone above; the price is expected to approach this level soon. If you're considering trading Decentraland exercise caution and set a stop-loss at approximately 1.75% of your margin.
Keep your charts updated and Stay one step ahead of the market 🌴
MANAUSD - Slanted StructureI would call this a head and shoulders but it technically it isn't as the head is higher than the right shoulder.
But if you consider the structure to be on an angle you can assume the structure.
With this assumption we can plot a price rise with the right arm of the shoulder.
Important downtrend lines in green.
MANA Decentraland and the Altcoin Season ThesisIf you haven`t sold MANA here:
Then you should know that the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including MANA Decentraland, for which my price target is $0.50.
Looking forward to read your opinion about it!
double your money on mana or x4Mana is a great real use crypto heavily backed as an actual currency used in decentraland where the prestigious southeby's auction house have been involved as well as big stars like deadmau5. I tipped mana a couple of weeks ago in my btc post and its been accumulating ever since. I think the SEC have this one wrong as its clearly used as a currency to buy virtual land and property. Look for it to break first resistance then double then go x4
MANA Decentraland is considered a security by the SECIf you haven`t sold MANA here:
Then you should know that recently the U.S. Securities and Exchange Commission (SEC) classified Decentraland (MANA) as a security. This means that MANA, the native cryptocurrency of the Decentraland virtual reality platform, is now subject to securities regulations and requirements imposed by the SEC.
The decision to categorize MANA as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in a particular project or platform. As a result, Decentraland and MANA will be subject to compliance with applicable securities laws, including registration, reporting, and other regulatory obligations.
This classification by the SEC highlights the increasing scrutiny and regulation of cryptocurrencies, particularly those involved in projects that resemble traditional securities offerings.
My short term price target is $0.35.
Looking forward to read your opinion about it.
✴️ Decentraland 1,2,3,4 Steps Pattern After Perfect Zig-ZagI've always loved to do things early, work early, wake up early, meditate early, open up my Crypto trades early; buying early... It has its advantages and pitfalls.
One of the advantages is that you get bigger, better, higher earnings potential, the initial move is always fast and strong.
One of the pitfalls is that you are less certain as the confirmation is yet to come.
For Decentraland, MANAUSD, the bias is bullish based on the move that started in January 2023.
This move (#1) is the initial bullish breakout and sets the tone of what is happening.
What follows is a correction and in this case we have a perfect zig-zag, low (#2) followed by a lower low (#3), with prices bouncing perfectly so far off the 0.786 fib. retracement level.
Now, that's one of the cons of being early, it can go lower before reversing but the reversal is sure to come and that's #4, the new bullish wave that is about to develop all across in the days, weeks and months to come.
That's the 1,2,3,4 Steps Pattern for you.
Thanks a lot for your continued support. I miss you!
Namaste.
MANA - Time For Lift Off!In our last analysis for MANA, we identified that we were in subwave 2 of wave 5. We are now at the extremes of the subwave 2 as we're touching the ascending trendline which we anticipate to be respected.
Our hard stops will remain below invalidation level but we can capitalise on a risk entry now.
For a safe entry, we can watch for the red trendline to break, which will still be relatively early in the move.
Trade Idea:
- For a risk entry, enter now with stops below the wedge OR safer stops below invalidation level
- For a safe entry, enter on break of red trendline
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
Last call for $MANABINANCE:MANAUSDT.P lost it all.
Even though trading at the bottom of the AltCoin KillZone ...
...there is some last major support right below. Losing that + start trading below (e.g. 1-2 weekly closes below), I am not too convinced it will make a new ATH in the next season.
Being aware that this is closer to a gamble rather a well defined trade, I am willing to put some "gambling money" into SPOT +already started scaling into a trade since losing $0.45.
Unless CRYPTOCAP:BTC is losing it completely, this has potential to become a MultiYear Swing from here.
Invalidation is close and R2R decent.
#DYOR #NFA
Price Analysis and Market Outlook for MANAMANA has exhibited a consistent downward trend over the past month. Following a negative response to the resistance level at $0.69, the currency's price breached the upward trend line and retraced back to established support levels. A range of support has been identified around the price point of $0.44, which aligns closely with the 0.618 Fibonacci retracement level. However, considering the previous analysis which identified support within the $0.40-$0.43 range, there remains a possibility that the price may reach this level and elicit a stronger reaction than the current one.
Nevertheless, should the price rebound from this range, there are indications suggesting the correction may be nearing its conclusion, especially if a significant breakthrough of the $0.50 resistance level occurs. Additionally, considering the timeframe, the price is currently within the expected range for the completion of the correction wave. Consequently, if a robust recovery materializes above the aforementioned threshold, it is likely that the price will experience growth in the ensuing days.
Decentraland MANA price can be one of 1st to start a rising waveToday we will talk about the prospects for the price of the Decentraland token - MANA
But first, please like our previous idea MANAUSDT, which has perfectly worked out the sales area and recently the purchase area for 4 months.
It looks like the MANAUSD price has completed its correctional wave (2) and is now trying to start a growth wave (3).
Wave (3) is considered to be the longest, and given that there are many liquidity zones above, the path of growth will not be easy.
However, we have schematically depicted on the chart how the growth and correction waves can look like.
The intermediate targets for MANA's price growth are $0.90 and $1.85.
The final selling zone for MANAUSDT, which is now visible in the probable wave (3), may be in the area of $2.25-2.50.
What do you think, will such a positive scenario work out given the current pessimistic sentiment in the cryptocurrency market?)
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MANAUSD Cycle may need to make one last low before rallyingDecentraland (MANAUSD) has been unable to break above the 1W MA50 (blue trend-line) despite January's rise (led at large by Bitcoin). This draws heavy comparisons with the previous Cycle, which on March and June 2019 failed also to break above the 1W MA50 despite a March rally and instead dropped to the 1.236 Fibonacci extension, which was a Lower Low for the Bear Cycle and the final bottom.
The 1W RSI pattern confirms those similarities and even though MANA doesn't have to decline as low as the 1.236 Fib again (which is at 0.1420), we have to consider the high probability that the bottom is not in. Of course breaking and closing above the 1W MA50 invalidates that and sets the market on a Bull Cycle track. Technically the closing above the 1W MA100 (green trend-line) kick starts the parabolic part of the Bull Cycle.
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