SHORT SETUAP FOR MANA Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Mana
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.
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Possible MANA targets/price action map for months/weeks aheadBased on price levels/support&resistance & fibonacci's that somewhat align. This is obviously just an idea, to scout possible overall movement. Definitely not trading advice. I thought it'd be interesting to post it now well in advance to see how accurate it plays out. I've been sort of "reverse engineering" my trades here as of late, and this tests that theory.
Here are the hypothetical targets:
Up to 5700
Down to 1950
Up to 3800
Down to 1100
Possible pop to 1950
Down to .02
DECENTRALAND (MANA) about to bottom in a few hoursBeen Watching MANA for a minute and it either just bottomed or it is about to.
My target is ~.2910 and it has a little bit of play left to make that target.
Not sure what my target are for the new cycle though will know in a few days.
Good luck and Tight Stop losses!
MANAUSD 'D' - Sitting on a Cliff Edge!MANAUSD is looking a little precarious right now, it's just broken below a recent (and historic) level of support with not much in the way of resistance until a healthy 20% drop has taken place. Not to worry, Crypto Tipster v2 is offering us a Short signal, profits to be made on market swings in either direction!
We'd set a reasonably tight Stop on this Short trade, with a take profit somewhere between the 15-25% mark depending on your attitude to risk/reward.
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.
MANA - Technical review and analysisDuring the last week, MANA has registered a range trend between the specified levels. After the resistance level of $0.410-$0.417 was not completely broken, we again saw a decline in the price for MANA to the indicated support. Support is seen in the $0.362-$0.370 range, and a very positive reaction is seen at this level. Mana has grown by almost 7% from this area, which due to the short-term upward trend of Bitcoin and exit from the range channel, there is a possibility of the price of Mana continuing to grow and retesting the resistance level of $0.41.
But the resistance that can break the upward trend in the 4-hour time frame is considered in the range of $0.423 to $0.441. There is also a minor resistance in the range of $0.406 to $0.411, which is still close to this range in the lower timeframes. not seen Therefore, in the first encounter, we expect a negative reaction from this level. The closest support to the current price is in the range of $0.383-$0.387, which has seen a good positive reaction after breaking this resistance. So it can be a demand area for price growth. The formation of a positive RSI divergence can also help the short-term trend to rise.
MANAUSDT Descending Channel PatternMANAUSDT (4h Chart) Technical analysis
MANAUSDT (4h Chart) Currently trading at $0.391
Buy level: Above $0.39
Stop loss: Below $0.365
TP1: $0.40
TP2: $0.425
TP3: $0.44
TP4: $0.465
Max Leverage 3x
Always keep Stop loss
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BTC has more downsideAfter large sellofs we saw an uptrend in this channel here. With a few breaks above channel as seen by triangles and dipping back into the channel it gives me some indication that it doesnt have what it takes to stay above that upper trendline and cannot break above this resistane channel. Each break above decreased in size and failed to do so in the last attempt showing weakness. I am expecting a breakdown.
Trade safe have fun!
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MANA LONG SETUPHello, dear traders. how are you ? Today we have a setup to buy/long the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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.
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.
Buy facebook (meta) huge buy volumeBuying Facebook here under the new re-brand meta.
From a purely TA perspective, Meta looks great. The best signal in trading is volume and support. We can see huge buy volume came into facebook last week on the buy side at support. This gives high probability that the share will look to take out its ATH. This is a great leveraged play here which could reap massive profits buy holding till next year or more.
From a fundamentals perspective everyone knows the facebook brand is pretty unloved. Meta is a fantastic idea. Zuckerbug through his ownership of facebook and instagram has tonnes of personal data on us all and will surely know how to use behaviour marketing strategies to encourage us all into the new metavese. I predict that within a year or so we will all have some form of online avatar presence and the metaverse will be the next big thing.
Meta looks an incredible buy here, stop loss at last weeks low.
MANA the last chance (bottom) and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside and the round number $1 resistance that many times stop the price from more gain ✔️
if
the price breaks the round number to the upside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
and
if the price breaks the range area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
This week the market can be very volatile!MANA has ranged over the past week and is still hovering over the monthly support range of $0.577 to $0.650. For Mana, a resistance was considered in the $0.715 range, and over the past week, the price has returned to the main support after hitting this range and reacting to this resistance. We see high sales pressure on the chart today and in the last two days.
Therefore, if these supports are broken, the price reduction can cause the formation of a new price floor compared to the last five months and bring the price of Mana to the ranges of 0.525 and 0.465 dollars. Therefore, if the candle closes below the range of 0.580 to 0.610 dollars in the 4-hour time frame, the continuation of the downward trend, even the formation of a new downward wave, is expected. In the 4 hours, we see the range trend, where the price fluctuates between the support of the specified resistances. In general, this week, the market can be very volatile, and there is a possibility of breaking support even in fake form.
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
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Now, It's your turn!
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💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Strong response?!MANA has also declined recently, losing 3% to below $0.60. You can see that the descending channel intended for it is still standing. The hits to the bottom of the channel have been associated with a positive reaction. Still, in general, until the resistance range of $0.657 to $0.675 is broken, the trend of this currency can remain in the downward channel. Dynamic resistance is considered in the range of $0.615.
If it stabilizes above this range, the next resistance that overlaps with the channel ceiling at $0.640 can be a target for short-term buyers. Given the breakout of the monthly support, if Bitcoin declines and returns to the $18,500 support area, Mana could continue its downward trend and hit a very important support area at $0.525-$0.465. We expect a strong response from this area. After this price reduction, a good increase in Mana's price will be expected in the coming weeks.