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MANABTC

MANA, false breakout as a good selling opportunity!A key level can be identified on the MANA chart. The price broke through this level, but immediately closed below this level. This is a false breakout. You can also note the large volume at the top. This is a negative signal. Therefore, a false breakout can be a good opportunity to open a sell position. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
10
MANA, why do big players sell at every pump?MANA is moving in a downtrend. A trend line can be identified on the chart. The price has broken through this resistance several times, but each breakout has been a false breakout. It is also worth noting that with each rise there was a volume at the top. This is a bad signal, a signal that the big players are locking in their positions at every good opportunity. There are no big volumes to buy at the moment. The price may correct even lower. In case of a false breakdown of the key level and the appearance of volume, there could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
4
Metaverse-No force on earth can stop an idea whose time has comeMana The first VR head-mounted display (HMD) system, The Sword of Damocles, was invented in 1968 by computer scientist Ivan Sutherland and his student Bob Sproull. As I said “No force on earth can stop an idea whose time has come” They can ban crypto,bitcoin,stablecoin, etc. Except Metaverse and Nft! I believe that “Mana” is bitcoin for Metaverse world! Q4 of last year Mana had massive bullrun since november has been correcting..now we can see that Mana creating double bottom W. As a support or resistance we can use our fib levels.If it manages to break out resistance 3.74 (which is fib level 78.60% and at the same time neckline of double bottom) then we could see more bullish pressure arise and ofc new ATH’s Not financial advice!!!
by Madinakh
2
MANA - Daily Chart ✅Let's see how MANA is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price is getting rejected by the local resistance area. The market is showing SELL volumes for MANA. Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The middle Bollinger Band can push up the value, and the lower band can hold the price. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that MANA is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $3.2132 Let me know your ideas. Good luck.
by ShawnMCR
4
MANA - we have waited a long time for this ✅MANA has corrected 57% from its high. This is a rather strong correction that has been going on for almost a month now. Now we can expect at least a bounce or at best a reversal and continuation of the rising trend. On the technical analysis side, the price has tested the big value area and has collected a lot of liquidity. Now we see that the MANA is squeezed between the trend line and the big value area. When to buy? - On a breakout or a retest of the trend line. - In case of a false break-down of the $2.5 level. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
4