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Decentraland

Decentraland MANA showed good growth, but may be a correctionFor more than a year, the value of game tokens has shown perhaps the most painful fall. But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase. At the time of writing, the value of MANAUSDT has increased by +166% in 17 days. In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile. Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time. Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead. If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?" Please write your answers in the comments below the idea _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
35
✳️ Decentraland Hit Bottom vs Bitcoin | Looks Great Long-TermThis chart looks so good that I had to stop to share a trade signal before writing this article... So, what do we have here? Decentraland (MANABTC) has gone through a massive correction/bear cycle. MANABTC dropped by 83% from its All-Time High. Now, altcoins vs tether (ALTSUSDT) pairs tend to correct by 93, 95 and up to 98% from major bullish cycles while the altcoins vs bitcoin (ALTSBTC) pairs are a bit different, they can correct 70, 75, 80 and up to 85%. Some altcoins vs bitcoin pairs won't be go to 50% in its bear market correction while others move inverse to bitcoin and go bullish while the rest of the market drops. Just a small detail to keep in mind. Going back to Decentraland vs bitcoin, the RSI hit its lowest ever and is now starting to reverse. As a bullish pattern we have a perfect falling wedge and a broken downtrend. Early signals of the upcoming bottom came in November 2022 with a high volume week.. Afterward the volume continues to drop as the new low is hit. With sellers exhausted this pair can change trend and start to grow. Easy/first we will see a 75%+ price jump and hit 0.00003700 btc on the way up. This will be followed by 230% at around 6880 satoshis or 0.00006880 btc... We can even try an calculate the next high based on the Fibonacci extension numbers... This is what I see: 534% Possible (chart below) That's it for Decentraland vs bitcoin... Very low risk, high potential rewards. Remember to plan if you decide to buy/trade. What would you do if prices crash? Hold? For how long will you hold? Sell at a loss? When would you sell, at which price? What would you do if things go as planned and MANABTC breaks up? Will you hold, yes? For how long? Will you sell? When and how much? Answering these questions will lead to maximum gains, reduced stress, controlled risk and long-tern success. Quite simple isn't it? Come and play this game. Namaste.
Long
by AlanSantana
6
To unleash the rising power...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (MANABTC 1W chart) In order to release the power of a full-fledged rise, it is necessary to check whether it can rise above 0.0000 3732. ------------------------------------------- (MANAUSDT 1W chart) In order to continue the mid- to long-term upward trend, the key is whether it can rise to the 0.7051-1.0952 range. (1D chart) If possible, the question is whether support above 0.6537 can lead to an upward move above 0.7051. If not, it falls 1st: around 0.58 2nd order: around 0.4970 You need to check if it is supported in the 1st and 2nd sections. If it falls below the 2nd section, there is a possibility that it will turn into a downtrend. when it rises, 1st: around 0.8387 2nd order: around 1.0952 It is necessary to check whether the 1st and 2nd sections are touched. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Hurdles, with strong support ahead for MANAMANA is on a tear. It broke out of a descending wedge (green circle) and has a target of $1.25 which also corresponds with the fib .618. The $1.25 price target is further supported by an Inverse H&S that began forming in early August. However, MANA hasn't broken out of the descending channel (red circle) but is gearing up to push past at $0.74ish. Minor resistance at $0.80 and psychological at $1.00. Don't be surprised if MANA dips to the $0.59 area before pushing higher. These are just my ideas and not financial advice. Good luck.
MShort
by keykomg
1
MANAUSD Invalidated two bearish patterns. Aiming at the 1D MA200Decentraland (MANAUSD) broke today above two bearish patterns, as shown on this 1D chart, a Channel Down (blue) and a Falling Wedge. At the same time it is trading the higher it has been above the 1D MA50 (blue trend-line) since November 2021 and the peak of the previous Bull Cycle. All this while the 1D MACD is above the 0.000 neutral point with the green and red histograms rising since August. This is a major bullish break-out for MANA, which is now targeting the 1D MA200 (orange trend-line), which has been untouched since April 05 2022. The short-term target and Resistance is the 0.382 Fibonacci level but at this point, MANA looks poised to make contact with the 1D MA200 (orange trend-line) for the first time since April 05. A closing above the 1D MA200 would take us officially into the new Bull Cycle. On the short-term the upper Fibs can be used as gap filling targets. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:MANAUSDLong
by TradingShot
2
MANA: Resistance Breakout!Decentraland (MANA) technical analysis: Trade setup : Price bounced off of $0.30 support and broke back above $0.35 resistance, with robust volumes (healthy demand from buyers). Momentum is bullish (MACD, RSI). (set a price alert). MANA and other metaverse projects (ENJ) have failed to sustain growth in their usage after initial burst of activity nearly two years ago. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.30. The nearest Resistance Zone is $0.35, which it broke, then $0.62.
Long
by altFINS
✴️ Decentraland Hits Bottom, Bullish Cycle To Follow!We have the same situation here as we saw on the MANABTC pair (check 'Related Ideas' below)... The RSI at its lowest level ever, trading volume decreasing to almost zero as new lows continue to be hit... The bear cycle here produced a 95.19% wave, that is minus/negative (-95.19%). If this isn't the bottom we can very easily say that we are very close to it... This is the greatest thing about trading... On the way down you can only lose 100%, maximum.. On the way up you can go to 300, 500, 800% or more. Look at Dogecoin back in 2021, over 5,000% and the downside is always limited, the upside has no limit... Welcome to my world. You can clearly define your risk but there is no limit as to how much you wan win. Ok, this is a long-term chart, we are using the weekly timeframe. Time to grow! Very simple! You can pick your target... My job is to alert you when the trend is about to change so that you can buy early... Once things start moving up you are a winner, regardless if you take out 70% (easy), 200%, 370% or 10,000%... Whatever you do and how you do it is completely up to you. My job is to shake you and tell you... "Wake Up, Things Are About To Get Good!" A massive bullish wave is upon us... It cannot be stopped, the market wants it, the market supports it... The bullish wave is the market. Just as we lose money when the bear market is in full swing, regardless of how hard we try we still see loss after loss... When the cryptocurrency market goes bullish, it will send money to your pockets even against your own will but if you plan now you can maximize your results. Namaste.
Long
by AlanSantana
2
Mana is very technical & BullishHello everyone, As per the simple technique of smart money concept practices, there is a premium and discount zone on every asset while ranging right now mana rebound and printed a inverse head and shoulder along with good market structure to upside, my overall target is 0.5 of this Gan box which can hit and reject hard ! so becareful in your positions and take profit dont be greedy trading is always risky and 90% of the traders lost so only do paper trades and practice makes the men perfect. regards, Hedgers.
Long
by TheHedgerss
DOGE PENDING SHORT SQUEEZE???DESCREPTION: - In the chart above I have provided an analysis for a couple possible scenarios that may occur for DOGECOIN despite a lack of fundamentals or investor interests. POINTS: 1. We can see that DOGE likes to have a deviation of 0.03000 . 2. Observe MACD below chart you can see that previous squeeze was predicted by a steady MACD that held a consolidation zone which appears to be what is happening now. 3. The monthly trend line on the monthly indicates that we are coming to an end of bearish momentum. 4. On the weekly if you observe the BLUE LINE trend you can see we have an ASCENDING BROADENING WEDGE. 5. Around January 20th if price action is to stay within current supply pocket price will begin to squeeze tightly this can be a catalyst for a short squeeze since we will be having the monthly and weekly pattern expire. 6. 0.07000 is a very crucial threshold to hold in order to invalidate bearish momentum and to validate current setup. BINANCE:DOGEUSDT
by DGSTBROKERACC
MANAUSD Don't let this pump fool youWe haven't looked into Decentraland (MANAUSD) since June 03, where we called for a bearish continuation unless the 1.13500 Resistance broke: As you see the Channel Down extended and the Resistance hasn't been broken up to this date. Despite today's +10% rise, the price remains below all 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and 1D MA200 (orange trend-line), always within the 6 month Channel Down. As a result we should have high hopes on this short-term rise, the only pattern showing a bullish extension is the mid-May/ June fractal showing a Channel Up but still that would be limited to the 1D MA200. Only a break above the 0.74500 (Resistance 1) level can be considered as a long-term bullish break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:MANAUSD
by TradingShot
2
MANA Decentraland Price PredictionIf you haven`t sold the huge Head and Shoulders Bearish chart pattern: Then you should know that Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum: The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable. Token and stablecoin holders might panic and start liquidating their holdings. In this context, price target for MANA Decentraland is $0.62. Looking forward to read your opinion about it.
Short
by TopgOptions
1
Bearflag - MANA-USDT (Decentraland) please read Above, there is a bearflag that has formed over the last few months📆⏳ we are currently testing the bottom of this structure, if we break down↘, I have some targets listed above on chart📉🆗 Mana (currency of Decentraland ,)💧👨‍🦰👧👦🏬 is a token that is used to buy and sell virtual land in this metaverse much like Sandbox . Decentraland current marketcap rank is #54 , with 734million dollar valuation and only about 8,000 DAU (daily active users) 👇👇 This is not a lot compared to other metaverse worlds like Sandbox 🛕🏝🏟 with almost 40,000 users a day and Alienworlds 🖖👽🛸 well into the millions of registered users... This has concerned some holders and users as of recent, and we are looking for more traction around this metaverse to manifest. As for now, the fear in the market being high and prices at record lows, we can expect to see further decrease in price before a recovery. 3HR view ☃⭐ Weekly view 👀👋 Related article⏩ futurism.com 🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Jazerbay ☯ Thank you so much!
Short
by jazerbay
7
Decentraland | Multiple Timeframes (Bottomed Out - Easy 46-90%)After a 94% correction from its All-Time High, we can say that Decentraland (MANAUSDT) already hit its bear market bottom? Chart | MANAUSDT Weekly Most likely, for some people maybe not but here is what the chart says will happen next. Looking at the daily timeframe, we can see that MANA's multi year low was hit 22-November. The day before bear volume was strong and right after the 21st it started to decrease. A bounce can easily happen to the counter trend-line and even higher to reach MA200 at 0.7816 but wait... There is more. The bear market from ATH to the 22-Nov-2022 low took exactly 364 days. This might be a short bear market for some but we know from past history that Altcoins tend to correct from 90 to 98%. Here we have once more a nice setup, low risk and high potential for rewards. The stop-loss can be set below the 22-Nov. low, while for the targets we aim, All The Way Up! Namaste.
Long
by AlanSantana
Buy and Hold mana x5 or x10 incomingMana price is clinging to the 9ma on the daily charts. I always plot the 9 period moving average on charts, when price clings to it in parabolic moves it helps me stay with the trend, here mana is doing the same. Hold this one, I posted about Facebook (meta) last week and we saw great day trading profits on that last week. METAVERSE stocks and crypto are your big plays alongside other crypto over the next year. Mana is severely undervalued here with a low market cap compared to shib and doge. Buy and or hold.
COINBASE:MANAUSDLong
by breakoutfakeout
1
MANAUSDTHello Dear friends We are currently above the midline of the long-term descending channel and a positive RSI divergence has been issued on the daily time frame. In the lower time frames, the support ranges have been maintained, it seems that the possibility of forming an upward trend up to the blue range ($0.4854) is high. But it should be kept in mind that if the corrective trend falls below the range of $0.4252, the possibility of a further decrease to the lower areas will be strengthened. We would be happy to hear your comments
Long
by FiboTech