Decentraland
Decentraland - fractal explosion could happen very soonMACD and volume are turning up to a good zone, and I noticed these similar fractals. The one previous looks sort of wave 1 and 2 ish from an Elliott Wave perspective. We could see Wave 3 within the next week or two. Target 0.13 cents then -.15 cents short term.
Decentraland (MANA) Stronger Than Most (153% Profits Potential)Decentraland (MANA) is a very active cryptocurrency, judging by its charts. It touched bottom at least a week in advance compared to other alts and it also reached its all time high just a few weeks ago on the 22nd April, while most of the altcoins reached and / or challenged their all time high back in December 2017 / January 2018. So this one is definitely creating its own cycles.
The fact that this coins chart moves different to the rest, is a good reason to hold it (for diversification purposes) and track its movement, as it can give us signals and clues as to what might happen next for other coins. Let's see what we can make out of this one. I remember it being a great money maker for me and my supporters in the past. Let's see if we can have the same again.
Decentraland (MANABTC) Trade Analysis by Alan Masters
CHARTS, SIGNALS & INDICATORS
On the daily chart:
- We are in an uptrend, short, mid and long term.
- We are trading above the EMA50, 100 and 200 lines. All these lines work as strong support if MANA decides to move down.
- MACD, RSI, STOCH and DMI, all room for growth.
- Decentraland has a very active team. It is a prominent coin in this Consensus 2018 and also has an upcoming event on the 25th May.
- On the 31st December 2018, is the opening of the Decentraland virtual reality metaverse (VR-world, Genesis city) for all users. This can be a huge event for this coin.
Now, let's trade it...
TRADE INSTRUCTIONS
Buy in: 0.0000131 - 0.000171
Decentraland (MANA) Targets:
(1) 0.0000198
(2) 0.0000248
(3) 0.0000273
(4) 0.0000332
(5) 0.0000399
Stop loss: 0.0000117
Note: Stop loss active for this trade. If stop loss hit, close the trade we are likely to be able to buy back lower if this happens.
YOU DESERVE THE BEST!
Have you ever been in this situation?
When you felt down and you doubt yourself.
Maybe something happened in the past, that made you forget your amazing attributes, you start to judge your own actions and ways.
The past is the past.
The present is the moment that is made for us.
The future is beautiful but is yet to come.
Remember to focus in what you really want.
So regardless of the tragic or beautiful past, or the present that sometimes gets in your way.
Just remember that you are special...
And it doesn't matter what really happens...
You will always DESERVE THE BEST!
Namaste.
Decentraland: A blockchain-based virtual world Decentraland is the first virtual platform owned by its users. $MANA
There are plenty of opportunities to explore or even create your own piece of the universe. You can purchase land through the Ethereum blockchain, creating an immutable record of ownership. No one can limit what you build.
With full control over your land, you can create unique experiences unlike anything in existence. Your imagination is the limit: go to a casino, watch live music, attend a workshop, shop with friends, start a business, test drive a car, visit an underwater resort, and much, much more—all within a 360-degree, virtual world.
$MANA looking for a solid run with Consensus?I've decided to ensure that I break down the majority of coins being featured at Consensus 2018. With this in mind this would be the second installment of eight that I plan to do before Monday's kick off event in New York City.
As you can see we have solid support with a trending MACD. I think a bit of volume will set this off. Don't look for anything crazy in terms of a GANN extension beyond the 4/1 top. Looking to break current channel and migrate to the 4/1 channel here within the next few days.
MANA token breakoutMANA (decentraland) breaking out of flag pattern it has been in since January 9th. I think there is a lot of upside potential for this coin right now. Fundamentals are strong and technicals are looking considerably favorable.
*Market cap currently only around $78,000,000
*Strong daily volume average around $8,500,000
*Decentraland marketplace opened March 19th and continues to draw new users
*Active LAND marketplace with many transactions daily
*Virtual reality platform industry leader
*The token actually has a current utility
I consider this one of the top crypto coins/tokens for upside in the coming years.
From a technical standpoint, I would be looking for MANA to settle above 0.000011 for two consecutive days before I am ready to believe a huge rally is imminent. The current chart structure does suggest a breakout to the upside has happened.
Remember, never invest more than you can afford to lose. You never go broke taking profits.
Decentraland announces land trading marketplace...partnershipsLooking great since the last time I posted about it, Decentraland's Mana coin and associated gaming platform have seen some serious innovation.
Opening a new market-place just two days after I posted my last update, Decentraland now allows holders of land to trade, buy and sell their property. In the works? A partnership with Opskin a platform for buying, selling and trading in-game items.
These are major milestones and the community certainly looks to be supportive...
Following a steep correction after reaching an ATH in mid-March, MANA's market cap dropped more than $16 million.
THEN, recovery began.
After price action bounced from the .382 shooting through 2 horizontal resistance points (black and yellow) it fell again, but not as steeply, from the .236. Since then, Mana has maintained its place above the .382 on my Fib, riding support, which could bring it back to the .236. Volume does seem to have tapered out though and there is always the possibility that price action will fall back through support hitting the .382 once again.
What are your thoughts on Mana and their unique approach to VR entrepreneurship?
MANA/BTC - 3/19/2018Good Morning, Traders!
MANA may be in the process of an upward sloping head and shoulders pattern. The neckline was formed with about 4 points and it is now in the process of forming its right shoulder. The current price just tested the resistance level at the 61.8% fib retracement which may have formed the right shoulder already. The volume that is seen during the formation of this shoulder (if it is complete) is not a significant amount and therefore may hinder the effectiveness of the breakout.
The breakout is expected to last until the price of 0.00000829, this is measured using the distance between the left shoulder and the neckline. If the right shoulder hasn't completely formed, the formation of the "shoulder" may not be relevant at all because, at that point, the price may just be traveling at an upward trend (the "neckline"). The price touched this line once before the formation of the first shoulder and may do so after the last shoulder, ruling our head and shoulders pattern obsolete.
Important Resistance Levels: 1121, 1061
Important Support Levels: 968, 838
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
MANABTC Bullish Pennant - 75% ProfitHey Guys:
BINANCE:MANABTC is our next coin of discussion.
It looks as though BINANCE:MANABTC is forming a bullish pennant . Should the pennant break, we could see profits of up to 75%.
Using the height of Pole A, we can estimate the peak of the second rise; should there be one. The estimated peak from Pole B just happens to also stop at the peak of our Fib Extension.
Entry Point:
Look for the price to break the pennant. After breaking from it, I'd wait until the price cleanly breaks through the next Fibonacci level. i,e., If the price stays within the pennant over the next month and breaks on March 16th, I'd wait until the price rose above the 0.382 Fibonacci level.
Target Points:
(1) 0.00001720
(2) 0.00001935
(3) 0.00002242
(4) 0.00002632
Stop-Loss:
Again, we will wait until we enter e position before gauging an appropriate stop-loss.
Indicators:
*I didn't include the normal MAs because of the initial listing of BINANCE:MANABTC . Those prices mess with the calculations of the MAs and are not reliable. So, we'll use them at a later time.
Sniper T3-CCI
We are going to keep an eye on this as time unfolds. Should the price fall below the 0.236 Fibonacci level, we should expect this to follow and confirm a downtrend.
Candlesticks:
The two candles above the red arrows raises some questions:
The first one shows large wicks and very little body. This indicates that there was a big battle between buyers and sellers. Although the sellers won, the result wasn't dominant.
The second, today, shows a hammer. Now, the hammer is still bearish; which doesn't necessarily support our claim that a rise is eminent. Ideally, we want to see the bulls takeover as the rest of the day unfolds and turn that sucker into a green hammer.
Summary
We'll be keeping an eye on this coin over the next few weeks. I'm going to wait for the confirmation of an uptrend before entering a position.
Good Luck!
-Matt
Buy MANAMANA finds support. After a correction that has lasted for just over a week, MANA token has found support at their 50 day EMA, which has been a reasonably strong support since the beginning of December. That said, one key factor that traders should bear in mind is that residents of the Decentraland are actively preparing for the opening of the platform and hiring designers to embody their most interesting fantasies. As things stand, the token looks set to continue its uptrend over the coming weeks.
For now, the token is a fair distance from overbought territory, whether you look at the Bollinger Bands or the RSI, and looks set to move higher.
Decentraland Growth PotentialI don't really think VR has a positive potential over Mixed Reality, but that is a whole different story. Given the currency price of 11 cents plus the fact that MANA is partnered with Aragon, I see some inevitable growth potential. While they entered the market with hugely negative correlations, this price seems like a dip given the potential of higher demands. If they grow at the same rate of the rest of their partners from current price, you are talking about at least a 440% positive growth potential with medium risk.