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Manausd

MANA: Descending Channel & Accumulation ZonesSupport Zone #1 has been tapped multiple times, with wicks between $2.82 - $3.06. This is a strong accumulation area. The only way Support Zone #2 gets hit, in my opinion, is if BTC dumps hard. Once MANA breaks bullish above this descending channel, then we can expect resistance in the low $4 region. In the coming months, I expect MANA to revisit the previous ATH and pass $6. This is not financial advice. These are just my ideas and opinions.
COINBASE:MANAUSDLong
by LA_Designer
4
MANA is going up from here! BINANCE:MANAUSDT Mana is surely need to go up from here, and can only fail if BTC truley falls into the bears hands. we have: 1. 68% on the fibonacci level acting as a support over all when we zoom out. a strong clue that the big picture bull run is still in progress. 2. bulls triangle with a breaking green candle with nice volume. 3.visible divergance on the rsi indicator indicates a short term trend reversal. 4.clear resistance levels on the volume profile indicator that can easily act as support if we are moving over allthough we need to track carfully those spots. may be a rejection, take profits smartly. 5.clear and nice cross on the macd indicates a possible trend reversal. 6.100 EMA golden cross. 7.reversal breaking EMA's of the vpvr indicator on the 4H chart. take profits level are : target 1 - 3.6 target 2 - 3.9 target 3 - 4.6 too much signs for it to fail although crypto s truly sometimes unexpected, calculate your risk wisley. "not a financial adviser" "only an idea"
Long
by itay989898
Short-term reprise?Before we get into the baby inverse head and shoulders, I feel good that the squeeze is starting with maybe another little drop to low $2.90's. Just an end to this madness feels good. I've read a lot about lower numbers and I just don't think MANA has the historical data to make any big calls like that. Therefore, I'm just analyzing its movement throughout the day and then looking at a multi-day picture... I'm not convinced that $3 wasn't the bottom, and if it is, it would make sense to double bottom after hitting $3.45, the target of said baby inverse H&S. I love it when numbers add up and 15% above the bottom of this pattern brings MANA exactly to the frequently visited $3.45 mark. Furthermore, BTC is looking slightly better. This week's been a $#it show so be careful and know these are just ideas and not financial advice.
MLong
by keykomg
MANAUSDT - is ready to pumpBYBIT:MANAUSDT 1H trend chart - MANA is building a possible double bottom and already broke the trend line. Also, neckline(orange line) is going to be taken out now. If price can keep standing here, trading strategy as below. - Profit Targets: a) 3.2785~3.3035----Fib(1.272~1.382) b) 3.3295----Fib(1.5) c) 3.4420----Fib(2) Stop losses: a) 3.1020-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
MANA fight BTC to keep the marginIt is what it is. The MANA has been fighting hard against the BTC effect and still keeps above $2.8 showing the MANA is recovering fast. However, the BTC recovering at in much faster pace compared to MANA. This means the movement average of MANA is much weaker than BTC in general. It is this time of every cycle where Altcoins are starting to bleed to BTC. All I can see is accumulate for the next bull run after BTC consolidate! This is not financial advice!
MShort
by Haizsama
MANAUSDT - is going to pump?BYBIT:MANAUSDT 1H trend chart - MANA had gotten resistance at Fib 0.5, but already broke it out and being support level now. Also, it got rid of the downtrend line, and we can take entry here(with tight SL), Another entry scenario is that wait it to retest the key level If we open position here, trading strategy as below. - Profit Targets: a) 3.5681----Fib(0.5) b) 3.89----Blue horizontal ray Stop losses: a) 3.310-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
Bearish short term but Bullish long termWe saw from my last analysis when I said we may revisit the $3.2 range. However, during the dumping time with BTC downside, and all senate talk about future of crypto, there are many things people have let it slide away. Decentraland just is the Patron of Blender Development Fund, the Blender is the major 3D model creator that is free for use by anyone under GNU. Meaning you can legally use the software to create any figures or anything and sell it without string attached to the Blender. If you saw the NFT hype, then you would need to understand the underlying violation of copyright and the right of usage of certain software to bale to make monetize out of it. It is basically a strong legal battle that surely uncle Sam/ big Coop will win if you accidentally use the crack software or non-commercial software to create the NFT for monetization. Blender is the one under GNU licencing which is free for most of the meaning of usage. So Decentraland is the supporter of Blender which facilitate the growth of NFT items in the metaverse. Decentraland just pumps out the Golf course in the Vegas City within Decentraland. Here not only you can gamble but practice your golf skill with your VR set. Decentraland can take any NFT to be put into their world. One of the main reasons for the Nov 30 run of MANA is because SAND items were ported into the Decentraland world and used for the festival event. And here we are at the spot where MANA is going lower than $4 after an attempt to go higher. I would consider this is a long position where the MANA might try to break the trend downward, but as it gets lower, it is a better price to accumulate for the next bull run! This is not financial advice, but my perspective of the current trend of Decentraland!
Long
by Haizsama
Setting up perfectly. To break $5 next?I love this chart and should thank the mana market for making me look good. One thing I like about charts, especially for beginners, is that it settles one's nerves. Tokens drop, a lot, but a chart is a good way for beginners to see the map and not panic...because it is anticipated. I always emphasize to beginners that there are no straight lines, up or down, in trading. And most importantly, don't panic. If you are panicking, you are probably risking too much capital and it is an indication that you are emotionally attached to your trading. I've never been divorced, but I hear emotions will lead to losing 1/2 your money. You can see this chart from the other day is filling in, perfectly, even as a function of time, relatively. I just circled (red) all the handles. The current one is making the perfect triangle for the next leg up. One thing to note with low volume: triangle (handle in this case) may turn into a short-term descending channel before breaking out...they scare me a little because they can sometimes turn into a trend reversal as a result of the lower volume. I put the descending channel in light blue just to show you what it "could" look like. I am ignoring it for now. These are just ideas and not financial advice. Lastly, to new traders and tweakers: Be careful. If you are investing and not trading, don't look at the chart every day...you'll go crazy. If you are learning to trade, don't use real money and practice first. There are sooo many methods to charting: E. Wave, Triangles that form ladders, Fibonacci, Clouds, etc...they are all analyzing the same data and for the most part are predicting the same end game. It is important to use several methods as a means of "confirmation" of ideas. The more support for an idea gives the idea more credibility. The cups are shapes of movement, whether the patterns are H&Shoulders, wedges, etc... I choose to illustrate with them because of their sexy curves.
MLong
by keykomg
4
MANA 30% move incomingHello all. There is no major change in mana chart since my last update so i will keep this short. Mana has formed a symmetrical triangle which is more vivd on the 4hr chart. This pattern has equal chances of breaking upside or downside. The apex of the triangle is very close, and will break on or around December 10th. Depending on BTC's performance, Mana will either break up towards the fib golden pocket, or retest the previous low. But what an over sold RSI we have on the daily. Makes me want to open more longs. Mana also trades above the purple resistance line of the descending channel and above the 50 day EMA. I see equal chances of breaking upside or downside so be cautious on this one. Check out my other charts on mana if you missed my previous updates. Thanks for reading, and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
4
MANA - why the drop happened?It's Black Friday coming to the market today. A lot of coins lost more than 10% in just a few hours. So many people were asking when to buy MANA and SAND. On our platforms, we warned against buying these coins. At the very top of the chart, a head and shoulders reversal pattern was formed. Behind the rules, opening a position after a breakdown and the target is equal to the height of the head. Based on the rules, the price can reach the lower liquidity area. 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.
Short
by Yuriy_Bishko
21