MANAUSDT
Mana - Midterm view📉Reasons to take short:
⭐️ Formation is 2 months old
⭐️ Formation is clean
⭐️ We are in the end of formation
⭐️ Slowly squeezing local level
⭐️ 4th touch
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
MANA (decentraland) printed PI CYCLE TOP : BEARISH scenarioMarket is highly uncertain right now but MANA printed PI CYCLE TOP which is a super BEARISH signal.
DMA24 is at 2.8802 and DMA50 is at 2.8945; and both these lies b/w DECISIVE candle body.
SO, ZONE to watch right now is from $2.9800 to $2.7531.
BREAK below $2.7531 lead to massive BEARISH crash which may broke $1.705 and wick can reach upto $1.1067.
MANA is a long term project but right now has to maintain above $2.98 for BULL world.
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MANA/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
RR: 19.7
Possible upside: 1200%
Possible downside: 61%
Timeframe is on the weekly.
Elliot wave cannot predict time so do not try to use the timeline shown here for your trades.
What Elliot wave can do is help predict tops and bottoms (no one can predict these 2 accurately)
With the predictions it's supposed to help you use it as a method to plan your entry/exit your positions.
MANA/USDT : Moving into two channels BINANCE:MANAUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$MANA is moving into double ascending channels and so, the lower trendline should be acting strong enough.
In terms of this, I'll be managing to locate my Longs in two separate strategies.
- Taking partial Long based on active stop-loss at $0.88 with a stop-loss at $0.83 as 4H close below.
- Taking Long based on invalidation when it gets the hold above the marked red zone.
So it's your choice, You know your risks better...
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
Manausdt ; Long or what ?Mana has Broken up it's falling channel , Mana also could break up the static resistance on 0.91$ and it's pullback has happened which we can also assume it as rest to 0.5 level of retracement Fibonacci.
I think after a tringle pattern Mana could reach to 1.33$ target. You can use my long Position setup with 2.75 R/R.
Just take care of the stop loss.
what do you think about Mana in 4H timeframe ?
If you have any questions please feel free to text me .
Which is the better trend line? MANAWhat do you think, which is the better trend line......
The line that accounts to the tip of the wicks, or the other which ultimately accounts for the body of the candles.
I do like the more shallow trend line, simply because that one for me would innately be less risky for longs.
MANA lost its steep upsloping trend line and then was retested. We go down now, but to where? That is the key question.
MANA$MANA breakout Descending channel pattern. in 1h timeframe valid breakout and has retesting on resistance become support line.
we can setup entry nor or wait for valid breakout and retest at 4H timeframe
Buy zone : 0.884 - 0.837 - 0.795
Target : 2.543 - 2.673 - 2.839 - 3.012 - 3.239
Stop : 0.775
MANA path to sucessHeres the short term MANA path to success.
Looking for a break overhead and then a retest.
The 1 hour ichimoku looks ranging and price action/cloud/lagging strand all intertwined.
The 4 hour ichimoku looks like price action is on the verge of breaking above the cloud.
Get 1hr price action and lagging strand above the cloud (and price action), and the 4hour breaking above = a decent rally.
Just some patience right now is need though.
MANA 1D Goals for buying and selling in the idea descriptionToday, we will talk about the project Decentraland and the trading pair MANA/USDT
If memory serves, Decentraland was created in 2017 at the hype of ICO projects, then he predicted great prospects, because the main feature — it is the purchase of game pieces of land. But then the maximum to which the price jumped MANA/USD was around $0.20, the idea of project did not come up, then ...
Then there were painful 2 years of price falling and trading in the range of $0.04-0.08 and here we are in 2020.
When the boom around Defi projects and NFT started, the interest around MANA gaming project, which was conceived before it became mainstream, came to life :) Two years and roughly speaking x200 to x220 increase in the price of MANA/USD
And it seems that the current price is not the maximum for the trading pair MANA/USDT
Globally, we would sold the investment position of MANA at $25-28
And now let's look at where the MANA may be good to buy for those who do not have it in their investment portfolio.
On the chart, we've depicted three possible levels for a correction and, accordingly, levels from which it is safe to take a long.
They are $2.80 $2.00 and $1.25 , everyone can place buckets to buy according to his/her purse and risk management.
And in the comments , please write why you are interested in Decentraland project and why its token price should grow.
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MANA Is Ready. Are you ? 🚀Hey Traders,
We bared a long bear market for a while. As the $BTC is correcting for a short period we see some pairs are turned green for a short period.
Less talk,
The Chart shows everything. As BTC is above 20k this validates. Buy some $MANA to your bags when you gained around 30% of the profits, sell off and stay till bear market ends.
Strictly watch out for stop hunts.
DYOR not financial advice.