Mana
MANA repeats M-pattern;2 falling wedges & next 2 supportsSorry guys I have some bad news for MANA. It has potential to fall much further if 2.0 level is not quickly
recovered by bulls making it a beartrap.
It seems to be repeating its previous M-pattern. It is also
forming not 1 but 2 falling wedges giving us the next 2 potential supports. It has broke down from my first support at 2.0.
Not trading advice
MANA with BULLISH divergence MANA in USDT pair, prints a bullish divergence in daily timeframe, yet the bearish flag is not to be ignored too!
Anyway I'm mostly bullish with MANA and if it can regain two resistance lines at 2.1958 and 2.3524, next stops will be " 2.85 , 2.99 , 3.47 and 3.61 " , so keep an eye on it.
Trade Safe ...
MANA STRONG ACCUMULATIONBINANCE:MANAUSDT
As long as we stay above $2 and the 168 SMA we are in an accumulation phase. Means BUY (for long term HOLD)! But make sure you save some spare $$$ in case BTC drops below 36 000, that will drag the whole market down to a macro low. I'm holding long spot. DYOR.
Stay blessed.
MANAUSDT, We are moving in downward trendHello everyone
Mana is one the most powerful project that is working on Metaverse . Before any do in market and buy anything go and check fundamental of project then gambling on your capital.
According to the chart, the price is moving in downward trend and this means that the price desire to go more down and we expect that if this downward trend wanna continue the price can reach to the PRZ Level and that point the price has support and has some movement to upwards but until the trend isnt change to upward it better to dont take any long position for long time .
Dont forget use stop loss if you wanna take short position from here and observe to your capital management
If you anyone have question can ask us to help yourself
Be lucky guys
Abtin
Previous analysis :
MANA- divergence or bear flag?Hello everyone
On daily chart on MANAUSDT we can see a bear flag pattern appeared and we have good amount of shadow on our last couple of candles, So I believe it is safe to say there is a possibility of a bear market here,but where is the next support level ??
We also can see a divergence happening on daily chart. All I can say here is that I hope the divergence works and not the bear flag.
Our current support level is 2$ and resistance level of 2.2$ on daily chart.i guess it's safe to say 1.8$ is our next possible support level.
GALA: major TRENDLINE breakout! Possible scenarios!Gala Games (GALA) is a popular gameplay project. Like 99% of the cryptocurrency market, GALA is in consolidation.
Price is squeezing to the global trend line and may break out soon. In case a manipulation happens (stop-loss collection, false breakout) as shown on the chart, this is a good opportunity to open long positions.
Targets:
1. $0.21-0.22 (short-term)
2. $0.245-0.25
Be sure to keep an eye on Bitcoin. If it shows strength and starts to rise to local highs, all altcoins will starts to PUMP.
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.
Possible rising for MANA The kumo cloud is thin then we can see a strong trend
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there is a huge space around lagging span
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The base line has been flat for a few days
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The distance between price and base line is less than 300 pips
MANA trend follow shortPrice broke below very important area of support around 2.20 - 2.24 with an impulsive candle. Price then retested support turned resistance with a bearish flag, broke trend line with a high volume bearish engulfing candle on the 1h chart.
Stop loss: above resistance, recent highs
Take profit: at 1.5 fib extension level, acts as level of structure to the left
Short $mana Decentraland $Mana (Decentraland) is in a long downward trend against USDT, towards -99% in my opinion
My thesis is built upon stalling user activity; stalling "metaverse narrative"; poor in-game experience (in my opinion); bearish tokenomics
I'm SHORT as follows:
Entry: 2.638
Liquidation: 3.099
Leverage: 5x
Margin(USDT): 1269.67
Take Profit @ 2.060