MANA/USDT - Potential Short ScenarioHello Traders!
MANA continues downward movement
The price is currently under $0.95, which acts as resistance.
We can assume that in the near future, the downward trend will continue as an impulse movement. In this case, it is possible to consider the medium-term purchases.
The price range of $0.36 - $0.48 will be an area of interest for such purchases.
The targets will be the price levels of $0.80 and $0.95
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Mana
MANA - Trying to go against the market but failingReasons to take short:
⭐️ BTC bearish
⭐️ Level is clean
⭐️ Price is squeezing to the level
⭐️ Bullish volume left the coin
⭐️ 4th touch
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
#MANA/USDT 4HOUR UPDATE BY CRYPTOSANDERS !Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
MANA breaks the resistance line and slowly moves up. Our long position is in profit of 8% increase your stop loss to breakeven price. Let's see how the price reacts to the resistance of the $1.10-$1.15 area.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
🔥MANA: $1 become strong resistance! What`s next?Hi friends! The value area around $1 has become resistance for MANA. What's next?
📊On the chart we see a return to the trend line after a small bounce. This shows the weakness of the altcoin. There is also no reaction on volumes, they have stayed the same. The chance of a fall is return.
🚩Targets:
🔶1. $0.86-0.99 liquidity gap.
🔶2. $0.73-0.72 is also the liquidity gap and not a strong target, but it is worth noting, because the nearest possible support for the price is behind it.
🚩Also, a false breakdown of the first liquidity gap is possible. The $0.86-0.99 liquidity gap placed exactly under the local low and key level of $0,9 so it`s highly possible. Growth in volumes will confirm the presence of buyers.
🔥Keep in mind this 2 scenarios.
💻Friends, press the "like"👍 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/USD BROKE OUT THE UPPER TRENDLINE.Welcome traders. Here's a chart on MANA to keep an eye on.
In 4 hours of TF, MANA has broken above the upper trendline and currently retesting. Entering into this coin at the retest level between $0.97 to $1.03 will be a good entry. A rejection below $0.96 will be a no-trade zone on this one and we will have to consider a re-entry strategy later.
If we happen to take entry on this coin then the target will be $1.17, $1.25, $1.34, and $1.4.
Trade safely.
Decentraland (MANA) formed Gartley for upto 738% big moveHi dear friends, hope you are well and welcome to the new trade setup of Decentraland (MANA).
On a monthly time frame chart, MANA has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
🚀GALA: trandline breakout! Is it possible now?The Gala rebounded nicely after the fall, but after that it made long traders fuel for a 30-40% drop. Now traders in the crypto market are scared and do not understand what reade to open (long or short?). In this idea I will tell my thoughts about Gala, closest targets and preconditions for a possible long.
What can be marked out on the chart?
1. the price rebound of 100% after the fall, caused many traders to buy in. After the last drop to $0.65-0.68 support, most had to sell their GALA.
2. Rising volumes every time the "bottom" was tested. On the volume indicator, you can see the volumes rising every time and the price bounce. A sign that someone may be accumulating a position.
3. 2 unsuccessful tests of the trend line and a return to it. A positive signal, a sign of bullish strength.
What to expect in order to open a long position?
🔶A squeeze under the trend line.
🔶Watch for Bitcoin, which should also look strong.
Another liquidity pickup below the $0.65-0.68 support level is possible. Keep an eye on volumes, which should rise in this case.
Targets for a long:
1. $0.094-0.1
2. $0.11-0.12
💻Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
#MANAUSDT 3 trades in one chartMANAUSDT is printing inverse head and shoulder patterns while BTC is testing the 28.2k support level.
There are three cascaded trades that I am seeing right now with good risk to reward ratios.
Trades are explained in the chart.
If you take the trades... please use the SL in every one of them.
MANA is Going to Be Bullish Soon!MANA is in a Bullish Flag Pattern.The Price is gonna Increase soon But No Break out has Happened yet Be ware of that! The Pattern can also Considered a falling wedge Pattern as well which is also a Bullish Pattern. The Price is gonna Increase as much as the Flag pole or At least to the Top of Falling wedge !The Next Target and Resistance is around 1.65$.
-MANA is in a Bullish Flag
-MANA is also in a falling wedge Pattern
-(AB=CD)
-Price is gonna Reach 1.65$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
MANA - Destination LOWER-VERSE You know our preference is SANDBOX:
MANA gave us some great trades, especially the short at 3$:
and more recently at 1.2$:
Painful but hey guys: Take a tour at DECENTRALAND and you will figure t out: Nothing works there anyways, why the surprise?
One Love,
the FXPROFESSOR
Mana breaking major trendlineMANA
Broke trendline on daily chart, could show us some more upside if bitcoin doesn't break to downside after finnishing pennant (getting close).
Big pump because of some news:
"The 2022 Decentraland Game Jam is here!
After a long break, we are incredibly excited to share the news that Decentraland’s Game Jam is coming back for 2022! Game Jam will run from May 17 till June 14."
SL 0.95
targets 1.38 --> 1.68 --> 2.05-2.20
This is not financial advise, information purposes only!
Mana is full. Ready to cast magnifiscent spell🌈 At current market we have to be careful. If on breakout we see volume, it's better to close trade straight away. Use half the volume.
Reasons to take long
⭐️ BTC in range
⭐️ Accumulation 10 days
⭐️ Level is 51d old
⭐️ Level is visible on multiple timeframes
⭐️ Buyer appeared at bottom
⭐️ Volume at bottom
⭐️ 4th touch
⭐️ 30 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Mana bearish triangle going to 0.63Mana has printed an descending triangle with decreasing volume, according to my strategy this is a book short. As you can see in the chart mana failed to break through 1.35$ level witch is a strong resistance and then the price kept decreasing till the 1.02$ drawing the mentioned pattern.
I will use volume as confirmation for this pattern because in my opinion decreasing volume precedes a big move.
It is not wise full to see the pattern an then rush in crazy mode. I think that it would be nice to wait to see a 4h close below the 1.02$ level before entering.
And of course you always have to take in to account the Bitcoin situation, if Bitcoin pumps it is going to ruin this setup.
Now we have two choices to enter :
-Enter now at 1.026$: with stop loss at 1.063$.
-Enter at the 4h close blow 1.02$ with stop loss at 1.06$.
-Enter in the retest of the breakdown if there is one with the same stop.
The targets are previous low 0.636$ and past low 0.368$.
I will personally enter now at 1.02$ with stop loss at 1.063$ with a 5%(0.968$) profit i will move the stop loss to entry.
Regards and happy trading.