Get started

Mana

MANA MACRO ANALYSIS - (DECENTRALAND)Happy New Month Everyone. We will be looking at MANA/USDT today. In our past analysis we managed to predict the drop on mana and identified areas to get into a long position, however price missed by a few digits (need to learn to market buy more often). Today we will have another go at longing mana. As you know the last analysis was based off the First Wave Extension Theory which still remains the same. You can read up on the previous analysis for more details: Current Analysis: Not much to explain really. Judging by the chart above, we can expect price to make new ath's this year around early July to September depending on how Bitcoin & Ethereum behave in weeks to come. Longest duration for price to peak was the 1st wave which having the highest %growth makes sense, followed by a correction of -77%. Wave 3&4 have had similar timeframes to conclude their tops and bottoms, as well as -70%+ corrections, so we can expect the same for wave 5. PS: I was expecting a drop to the 1.6 region in January with 1.3 being the worst case scenario, try and keep that in mind and remain on guard. Other than that, I'm happy to average in at these prices. If you agree pls leave a like and share your views as well in the comments. Feedback is always appreciated.
Long
by RektMyMom
1
MY MINIMALIST CHART ANALYSIS FOR $MANA$MANA On a Weekly Chart 04.18..22 0803H +8 SINGAPORE Ukraine war is extending, Institutions are still washing out all retail LONGS, which will push cryptos further down. Still expect a downtrend within a week or two. Still have to see the effects of the war on the USD as the Rouble and Yuan are on the uptrend. We may see a shift to cryptocurrencies after this stabilizes as a lot of traders are attracted to this. Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. ALERT: Entries on the 1.6-1.9 Zone for me. Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy. 1. RSI 43: still midway down 2. STOCHS 12/5: on the LOW and building an upwards momentum 3. Volume seems small for me, a lot is still holding. Waiting for a bear tail to have a spike on supply. 4. Downtrend went beyond the FIB 0.618 Reverssal area, so we expect it to go down further to 1. 5. Capitulation: Looking at this as a strong area for BUYERS. 6. We can expect it to push further down to the 1.1-1.9 zones. This is at the bottom of the brown minor and blue major box. 7. Expecting ave. 30% gains on the First Partial Exit - Area of Value. My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast. Looking back since the beginning of the year, the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels. Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE. Charts are created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER. It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE. INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box) "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you. TARGET ZONE IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY). DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology. NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge. Vive Le Autist!
COINBASE:MANAUSDLong
by The_Crypto_Samurai