MANAUSD a 1-year parabolic rally is starting. DON'T MISS IT!Decentraland (MANAUSD) almost touched its 1W MA200 (orange trend-line) last week, following the bullish break-out above the Bear Cycle's Lower Highs trend-line 3 weeks ago. This is the last confirmation it needs before it validates the Cycle's parabolic rally as the 1W MA200 was were the price was rejected on March 04 2024.
This sequence resembles the bullish break-out pattern of August 03 2020 that also turned the 1W MA50 (blue trend-line) into Support and after a consolidation, by late December 2020 it initiated the parabolic rally.
This rally rose by +3390% before the first correction back to the 1W MA50, so if MANA continues to repeat that previous Cycle, it can rise as high as $18 before it corrects. The 1W RSI sequences between the two fractals also highlight their striking resemblance, as both are rising on Higher Highs on a Bullish Divergence against the price's Lower Highs.
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Manausdsignals
MANAUSD Cycle may need to make one last low before rallyingDecentraland (MANAUSD) has been unable to break above the 1W MA50 (blue trend-line) despite January's rise (led at large by Bitcoin). This draws heavy comparisons with the previous Cycle, which on March and June 2019 failed also to break above the 1W MA50 despite a March rally and instead dropped to the 1.236 Fibonacci extension, which was a Lower Low for the Bear Cycle and the final bottom.
The 1W RSI pattern confirms those similarities and even though MANA doesn't have to decline as low as the 1.236 Fib again (which is at 0.1420), we have to consider the high probability that the bottom is not in. Of course breaking and closing above the 1W MA50 invalidates that and sets the market on a Bull Cycle track. Technically the closing above the 1W MA100 (green trend-line) kick starts the parabolic part of the Bull Cycle.
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MANAUSD Invalidated two bearish patterns. Aiming at the 1D MA200Decentraland (MANAUSD) broke today above two bearish patterns, as shown on this 1D chart, a Channel Down (blue) and a Falling Wedge. At the same time it is trading the higher it has been above the 1D MA50 (blue trend-line) since November 2021 and the peak of the previous Bull Cycle.
All this while the 1D MACD is above the 0.000 neutral point with the green and red histograms rising since August. This is a major bullish break-out for MANA, which is now targeting the 1D MA200 (orange trend-line), which has been untouched since April 05 2022.
The short-term target and Resistance is the 0.382 Fibonacci level but at this point, MANA looks poised to make contact with the 1D MA200 (orange trend-line) for the first time since April 05. A closing above the 1D MA200 would take us officially into the new Bull Cycle. On the short-term the upper Fibs can be used as gap filling targets.
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MANAUSD Don't let this pump fool youWe haven't looked into Decentraland (MANAUSD) since June 03, where we called for a bearish continuation unless the 1.13500 Resistance broke:
As you see the Channel Down extended and the Resistance hasn't been broken up to this date. Despite today's +10% rise, the price remains below all 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and 1D MA200 (orange trend-line), always within the 6 month Channel Down.
As a result we should have high hopes on this short-term rise, the only pattern showing a bullish extension is the mid-May/ June fractal showing a Channel Up but still that would be limited to the 1D MA200. Only a break above the 0.74500 (Resistance 1) level can be considered as a long-term bullish break-out.
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MANA/USDT BUYING SETUPMANA Look's like make a Descending triangle pattern and also any Double bottom pattern . we can see in support always make a strong rejection candle
in lower time frame potential make a IHNS pattern
Indicator like RSI and stochastic showing oversold , we can setup entry now or wait in buy zone
Buy zone : 1.017 - 0.983 - 0.945
Target : 1.0751 - 1.1073 - 1.1418 - 1.2202 - 1.33 - 1.5
Stop : 0.93
MANAUSD hit and bounced on the 1W MA150Decentraland (MANAUSD) is almost on a +70% rise since yesterday's Low, with the rebound coming on the 1W MA150 (red trend-line), which got hit for the first time in history. The fractal though resembles that of the mid April High both in terms of price action and 1D RSI.
That sequence rebounded on the 1D MA200 (orange trend-line) instead of the 1W MA150 but as it failed to break the 1D MA50 (blue trend-line), it eventually dropped to a Lower Low below the 1D MA200. The Fibonacci level below the 1W MA150 is the 0.236 at $0.5300. As a result we believe that until the 1D MA50 breaks, which was the bullish break-out point in 2021, MANAUSD remains bearish.
Notice how well those Fibonacci levels (extensions and retracements) have been accuratelly providing Resistance and Support levels these past 12 months.
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MANAUSDT , Again we failed to break the resistanceHello guys
Did you be in profit these days ?
According to the last analysis we published , the price was moved to the resistance to break but its not pass and the correction was started and now at this time we are again attack to the resistance to break the resistance and because of the condition of the market and many others reason it cant pass the resistance and we have some correction and again ...
The kind of movement that we shown on chart can be happen for the price but be careful guys dont take SELL POSITION
The trend is upward and we are only ready to buy
If the price can break the resistance the new PRZ price is on our way
MANA is one the powerful project that works in game base
Previous analysis :
Dont trade with your emotional sense
Good Luck
Abtin
#MANAUSDT About to explode. PUMP 2.0 Incoming?This is a simple MANA Chart.
Breaking out of the triangle right now.
Bullish divergence+ accumulation since the last 6 days..
This coins is related to METAVERSE which is trending now a days..
Best Entry:- $2.43 to $2.74
Ladder in partially, when this coin starts it's rally, it's always massive..
To be on the safer side you can place SL at $2.263
Target is open, I don't know how much it can pump.
Trade carefully and keep booking profits on the way up.
Stay tuned, If you want me to post more of these setups, Hit that like button,
Thank you
#PEACE
MANAUSD BUY/LONG potential rise to 2.20-2.90 by End July 2021
TICKER CODE: MANAUSD (UPDATE AS OF 13 May 2021)
Company Name: NA
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Falling Channel
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Fibonacci Retracement at 0.786 will also form a large Double Bottom
Entry: Now Ready (Bear in mind that the market could fall lower to 1.08)
Partial Take Profit: 2.20
For Cryptocurrency, I recommend only taking partial take profit as the marketing could exponentially push higher.
Note that the market could potentially already bounce upwards from it's current position.
MANAUSDT Price Falling? 🔨Hello Traders, Hope everything is going well.
Today I want to share my thoughts on MANA. As you can see on 4H timeframe, price hit the descending line and it got rejected with a bearish engulfing
candle. So I expect a correction here. Targets and Stop loss are shown in the chart.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on MANA and don`t forget to comment what you think. ✌
MANAUSDT Descending channel breakout#MANAUSDT (4H Chart) Technical Analysis Update
Descending channel breakout
MANA/USDT currently trading at $0.985
Buy-level: $0.96 - $0.98
Stop loss: Below $0.89
Target 1: $1.05
Target 2: $1.10
Target 3: $1.17
Target 4: $1.25
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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MANAUSDT (Waiting for the Breakout)MANAUSDT (4H CHART) Technical Analysis Update
MANA/USDT currently trading at $0.88
Long Entry-level: only buy after the resistance breakout (Aove $0.92)
Stop loss: below $0.77
Target 1: $1.00
Target 2: $1.07
Target 3: $1.20
Target 4: $1.40
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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MANA/BTC TA Update (Retest 200 Day MA?)MANA/BTC
MANA broket key ascending trend-line of support at 430 sats area and the price fell to key support 380 sats.
The price could still drop further to 370 sats are to retest the 200MA or the golden Fib levels.
I'm not yet interested in opening a position since the downward momentum is still strong.
I'll wait for the price to cool down or reached my target buy zone before looking for an entry.
MANAUSD has completed gartley pattern | Upto 78% profit expectedOn week chart the MANAUSD has completed the formation of gartley pattern.
25 MA support is already withing PRZ area.
50SMA and 25SMA are moving towards each other to make a golden cross which will start a massive bull rally insha Allah.
The targets are:
Buy between: 0.05196501 to 0.04290529
Sell between: 0.05920685 to 0.07644723
Regards,
Atif Akbar (moon333)
MANA Long PositionGood day traders.
I can't stay away from the darn alt coins and MANA is a fav to trade. This is a simple method that I use to buy and sell alt coins (some). I only use daily charts and trade with long term plan but its highly effective when carried out properly.
Simple MA strategy adapted for fast moving and volatile as hell crypto.
Use 15 MA and 30 MA along with Momentum.
When 15 MA crosses 30 MA from below with rising momentum, I buy (green arrows on chart)
When 15 MA crosses 30 MA from above with dropping momentum, I sell (red arrows on chart)
I don't use signals that come after massive spikes
I scale in and out on all trades so I have normally sold most of position before sell signal
Momentum setting (25,close)
Long trades often stay near buy in zone for several days so patience is key
Stop Loss a must with ALL trades and I use a blanket 20% from my lowest buy in
No single trade with more than 2% of available capital
Current trade began buying today in 0.053 range and will continue to buy from 0.0485 - 0.057. Expecting a long 15/30 MA cross and momentum rising. May take days but I am patient.