Manausd
Decentraland (MANA) - April 9hello?
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(MANAUSDT 1W chart)
2.2 or higher: Expected to create a new wave.
(1D chart)
(buy)
- After confirming that it is supported in 2.2 or higher
(Stop Loss)
- When it falls below 2.1178 and receives resistance
(Sell)
- When resistance is received in the range of 3.2690-3.6862
- When receiving resistance near 4.9455
If it rises above 2.9026, a sharp move is expected, so trade cautiously.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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👀 MANA/USDT. BIG POTENTIALHello everyone! Lets look at Mana/Usdt 1d chart. Classic reaccumulation by Wyckoff.
1. Phase A contains a lot of volatility, big spread of the bars, volume spikes (Change of Behaviour reaction), then all that characteristics decrease as we continue to walk in downward channel between supply and demand lines, that worked perfectly.
2. Then look at Higher lows on low supply signature. Sellers are exhausted and bulls are inactive anyways. There is not a lot of supply in this area. Price action is telling us that the move is quite. But we are ready for impulse. Recently we broke supply line of this channel and retested it. There could be some more testing in this area (2.2-2.6 level) but we think that down move on btc.d can make this impulse happen. Potential is big. Other observations is on the chart.
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.5317).
. 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 73.
Take Profits:
TP1= @ 2.7182
TP2= @ 2.9297
TP3= @ 3.1684
TP4= @ 3.4028
TP5= @ 3.9653
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.5317).
. 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 73.
Take Profits:
TP1= @ 2.7182
TP2= @ 2.9297
TP3= @ 3.1684
TP4= @ 3.4028
TP5= @ 3.9653
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
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Traders,
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- Stew
Descentraland MANA starting wave 5 of 5 of 3MANA structure is really nice. To end all of wave 3 (green) MANA needs one more high towards 15 - 20, the region of confluence defined by ext 2,382 green, ext 3,00 blue and ext 2,618 white. Wave 5 of 5 of 3 has itself five waves, of which wave 1 and 2 (white) are done. We shall see very soon a nice upside move in MANA. Once this wave 3 green is complete, a wave 4 will send price back to the same level where it is now. i.e. 2.20
MANAUSDTMANA is still bearish. The cup & handle pattern is break down side and the retest is also confirm. Seems to be still bearish. All depend on btc. Take trade accordingly to my chart pattern with proper risk management. Thanks
Some hopium is still valid if MANAUSDT break the falling Wedge pattern upside. But remember short in that time if break the falling Wedge upside. And enter there for shorting MANA at different levels untill proper breakout done of the 2.92 resistance. Which is huge and strong resistance.