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 🐋
Mana
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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💡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.
MANA V shaped recovery or more downside?!There has been lots of rumors about Decentraland regarding their number of active users. some sources claim it is less than 38 users per day.
although the whole crypto market is primed for more down fall , I think we can see a V shaped recovery for MANAUSDT since the price is down 92% from the ATH.
otherwise if we brake below the support we can expect more continuation to the down side.
📊 MANA reach my short targets. Now 3 long targets for youHi friends! Do you forget about Decentralend? The top gaming project of 2021 is on the bottom now and noone wants to buy it with 90-95% discount.
✅ My last idea for MANA reach the target of the local low ($0.629). Check it and get more useful tips for your trading strategies!
🚩 Now MANA is tesing the trendline for the 4th time. We know that the more test of the trendline the weaker it becomes. I think at the 5th test, the trendline will be broken up.
Also, the probability of the PUMP is growing after this fall to the local low and the key level of $0.629. It's time to find the best entry point to long after this trap and manipulation by the whales.
📊 3 reasons to open a long:
1. trap by the whales to force the short traders become the fule for growth+take out the sl of long traders. It's already happen
2. squeeze to the trendline
3. bullish BTC
✅ My targets for long on DYDX:
🔥 $0.69-0.71
🔥 $0.81-0.86
🔥 $0.96-1 - the value area and even number which is huge resistance for the price
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANAUSDT/D 💁🏼♀️HI
The price in the range of the box that I specified is suffering between the range of 0.67 / 0.74 the important resistance range of 0.74❗️ for a positive trend, it should stabilize above the resistance range.
According to the downward trend of the market, if we consider a downward scenario, the price can be corrected up to the ranges of 0.60/0.63. ❗️ You have to see if the price shows a reaction to this area that I specified. ❗️
what do you think about it?🙂 sell or buy?
📆✨8/10/2022✨
💁🏻✨ @MehrnaziJiTrading_crypto✨
MANAUSDT - TRADE PLANCheck out the trade plan for MANA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
MANA is on a descending triangular pattern where we are waiting for the perfect breakout confirmation to hunt down the targets pinned on the chart.
🔥FALLING WEDGE on MANA! Don`t MISS this entry point!🔥 Hi friends! MANA is already fall from the local highs to the local bottom. The whales just need to collect the liquidity below the key level of $0.625.
If the price make a break up of the wedge it will not be the best scenario because in this case will be the collection of liquidity above the wedge which good for the short traders.
We need to have the break down of the falling wedge and return the price inside the wedge. The liquidity will be colected to long in this case.
📊 Preconditions to open a long:
🚩 false breakout with liquidity collection below the key level $0.625
🚩 volume growth that show the whales pressence and huge trading activity close to this levels
🚩 if BTC going to the 25k, the most of alts make +40-60% to its price
🚩 the whales BUY orders on the DOM and Footprint don`t allow the price fall lower
🔥 The most important tools for scalping are the DOM and Footprint. These tools allow me to see the biggest orders to but or to sell and trade the test of the WHALES orders wall.
📊 The targets:
✅ $0.76-0.87
✅ $0.97-1.03
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANA must hold 0.604 till Nov to target 1.68. Or 0.375 D.bottomMANA may complete the double channel expansion till November 2022. Sine June low, it has just been
Consolidating above my 1.618 zone above 0.604. If it holds then the next target will be 1.68. Otherwise
0.375 will be retested to form a double bottom first.
Not trading advice