When market gives us worries we need to HedgeHi everyone,
so market is taking another turn and we need to act and react.
Do we panic and sell all our spot? Well if you think yes then you must have already paid the price a few times and haven't learned yet. Needless to say that if you are in this category you probably didn't take profit either when you should had. That's what happens to most, yes.
In this cases one can think like this:
Leave my spot intact and cover my exposure with a short position on some assets.
Look for a chart under resistance and plan accordingly.
Hope you like the chart.
One Love,
The FXPROFESSOR
For me that chart now is Mana.
MANAUSDT
MANA/USDT: Bullish reversal tentative - 1,20 to watch---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------
MANA/USDT: Bullish reversal tentative - 1,20 to watch
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - BTC and NFT/METAVERSE COIN remains in underperformance versus ETH.
- We are watching at 1,20 to bypassed to extend the bullish recovery in progress
Market configuration
- Graphical Elements :
Graphical support = 0,99 & 0,7990
Graphical Resistance = 1,20 & 1,95
- Mathematical Indicators:
EMA ( Exp Moving averages) are support at 0,99 = Bullish
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (C) B is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 1,20
Fibonacci bullish wave target at 1,95
Fibonacci bullish wave support at 0,7980
Fibonacci bearish wave target at 0,5940
Conclusion
Prefered case => As long as 0,7980/0,99 remains support a larger recovery towards 1,20 is expected with strong conviction, only a break above 1,20 will open a direct recovery potential towards 1,95
Alternative case => Breaking 0,7980 a new bearish attack towards 0,5940 will occur
MANA Breakout of Inverse Head and Shoulders to 1.33 Area?MANA has been building market structure during the consolidation over the last 2 months and looks ready to breakout with the Stochastics reset on the 8h timeframe. A number of coins have had these breakouts but MANA finally looks ready for potential 36% swing on this trade. Not financial advice, DYOR.
MANAUSDT Short Term Price ForecastLooking at the Rounding Bottom Pattern smoothly drawn in the Price Action of MANAUSDT in the 4h TF, we are likely goin to see a Rally Upward (Considered that BTC Play the Bullish Scenario).
In an other angle looking at the Visible Range Volume Profile Indicator (VRVP) We can notice the concentrated POC (Point of Control) Stressing out to the Major Lower Ascending Resistance Line.
We Watch Out For The Two Directions and Get in After we Confirm one of them.
DECENTRALAND (MANAUSDT) close to the round number ✔️Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside and the round number $1 resistance that many times stop the price from more gain ✔️
if
the price breaks the round number to the upside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
and
if the price breaks the range area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
DecentralandMANA/USDT we are watching on this coin we have Order Blok on 1h TF chart which i make one Sell LIMIT on this coin for swing trade into our Demand Zone
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions
Has she cooled off enough to consider some cautious buy orders?.43 to .37 is the lower end of the current "buy box" or support and buy zone i was looking for. there is support at .20 to .25 ish and below that is hard to tell who is still there and how bad general market panic would be at that point anyway.
if you take a serious ENJ position make sure and scoop an equal or at least, a worthy position in in MANA as well.
MANAAAAAAAAthis one i think pumped a bit to hard wit the whole face book meta thang and could use another drop in support and rebuild proper support from wherever "there" is.
if she breaks .69 support next support level will be .39 set buy orders accordingly.
://LOL this one is a painful one for me. I had 5,000. mana at .07 to .11 cents and sold almost everything in the .50s ...
look im not complaining, well maybe I am but long story short this one is a painful one for me (oh ya had 10k enj at .9 .11 and .14 average of about .12 .13 n sold em at .50s as well)
i would set my buy orders around .42 n up to .46 with a stink bid or 2 around a quarter n why not some .13 .15 super stink just in case if you have the reserve funds/dry powder