💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
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Manausd
MANA V shaped recovery or more downside?!There has been lots of rumors about Decentraland regarding their number of active users. some sources claim it is less than 38 users per day.
although the whole crypto market is primed for more down fall , I think we can see a V shaped recovery for MANAUSDT since the price is down 92% from the ATH.
otherwise if we brake below the support we can expect more continuation to the down side.
MANAUSDT - TRADE PLANCheck out the trade plan for MANA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
MANA is on a descending triangular pattern where we are waiting for the perfect breakout confirmation to hunt down the targets pinned on the chart.
HNTUSDT TIME TO BUY ???Trade well, ❤️❤️ If you find this helpful and want more FREE forecasts in TradingView
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MANA breakoutPlease 1st of all smash the boost🚀 button and follow me to support my work if you like it! It's absolutely for free.
Decentraland broke up this triangle📐 and I think there is chance for run to 0.8455 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. The white uptrendline could be a good guide.
ENTRY : local high @ 0.7969
STOPLOSS (SL) : local low @ 0.7817
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.8455
REWARD RISK RATIO (RRR) : 3.2
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MANAUSD D1: 150% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
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MANAUSD D1: 150% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: MANAUSD D1/candle chart review
::: HIGHER RISK SETUP USE TIGHT STOP LOSS
::: further losses short-term
::: expect BEARS to target 60-65 CENTS
::: however strong bounce after correction
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later near 60-65 CENTS
::: BUY LOW near 60-65 CENTS Dusing tight SL
::: currently correction in progress / no upside
::: dump until MERGE EVENT
::: for now stay out / wait for better entry price
::: up to 155% gains possible later
::: short-term pullback/correction
::: is possible / likely
::: however chart looks good for BOUNCE
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +155% gains
::: details: see chart
::: FINAL TP is +155%
::: recommended strategy: BUY/HOLD 60-65 CENTS
::: TP BULLS +155% gains / 1.50 USD final TP
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/STRONG BOUNCE
::: Sentiment short-term: CORRECTION/65C
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Decentraland (MANA) sending mixed signals for AltsMANA 1D has been forming an ascending triangle in downtrend as opposed to the more common formation during an uptrend.
To form this pattern you need an initial rally where price action begins to consolidate between a flat resistance point and rising support trend line before continue on.
Unlike in an uptrend, when the ascending triangle pattern develops during a downtrend it’s more likely to signal a reversal than a continuation.
Very rarely will the pattern form perfectly and in the current market conditions we have seen many fake outs and overthrows across most coins so always look for confirmation.
How to trade this pattern:
Go long on resistance break out but only after confirmation.
Go short on support breakdown but only after confirmation.
With that being said it's seems more favorable for the bears that we would see a breakdown of support as the prevailing trend is downward and can often lead to resistance holding. With pattern trading or candlestick patterns its always wise to use another tool for confirmation of your analysis. Something such as the RSI can improve your odds of succes.
Ascending Triangle Pattern on MANAHello guys today i saw an interesting Ascending Triangle pattern on MANA , it will be a good setup.
wait until break out between 1.0500 and 1.0700 , the open your short position after first candle.
the target is 1.0000 , you can close 50% of your position and risk free that.
remember funda analysis before opening a position.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
MANA long term opportunityChart analysis is simple, it has the potential to simply follow the ascending channel. I don't publish the wave analysis for the sake of clarity but may 22' indicates the end of 2 years cycle. A strong downward breakout invalidate the pattern but chances are low. I think Decentraland (MANA) is a well established crypto project, it has real utility but right now is undervalued. MANA has an established metaverse and far more succesful altcoins are promising a metaverse... I can't see strong reasons to this project falling into oblivion.
✅TS ❕ MANAUSD: formed a peak✅✅MANA formed a peak and fell heavily. The price continues to fall and we can expect further decline.✅
🚀 SELL scenario: short to 0.765.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Mana trying to flip the inv h&s neckline to supportIf it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which way it will go in the next 2-4 days. *not financial advice*