MANA pullback or break out?📊 #MANA/USDT
$MANA is inside parallel channel
price is above middle line, near to touch upper line that is the same with resistance zone around $2.8.
🐮 break out from resistance zone will increase price to $3.5
🐻 rejection from resistance zone will drop price to support around $2.
🐻🐻 and break down from support will drop price to $1
MANAUSDT
ETHBTC on it's important trendline support* The below ascending trendline is acting as a important support for ETHBTC. Every time the price tests the trendline it bounces back creating a new higher-high.
* Now if the price gains support and creates a strong rejection candle on the trendline we can again see a pull back till the given Fib levels
* If price moves below the trendline it can drop till Support 1 and Support 2.
Decentraland - Just A Thought, If BTC Goes Lower (MANA/USDT)Just a thought, if BTC goes lower.
Bear market until mid 2022? Who knows, but wht we do know, is if BTC drops lower, Alts will follow, with more pain. MANA is not exempt from this,
Weekly:
- Falling wedge
- Lower support looks like it wants a retest.
- Overall bearish, and papa BTC seems just as uncertain.
IF BTC rallies, expect alts including Mana to follow, likewise, if BTC goes bear, so does MANA. Good short oppertunity? Perhaps.
Potential Long SetupInverse HnS target listed with more room to run until next major resistance. This is a good set up if it can close above neckline at 2.14. Keep an eye on $btc though because it can cause this to fail quick.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
MANA, FUTURE, DAILY TRADE, SHORT, SIGNAL$MANA has been on our watchlist since the selloff and still pushing against headwinds. Looks like after so many attempts to break above resistance its now more likely to break down from the trendline and an easy set up for a #short #MANA #Decentraland #NOTADVICE #daytrading
WAIT FOR NEXT SUPPORT FOR MANA LOVERSThe end of 2021 is coming. MANA/USDT needs to inhale by touching the next support area. The end of the year becomes an important point for traders where there will be surprises, of course, it can be good or bad news. but for crypto like MANA/USDT, there are still pretty good hopes for the next years. so I share a suggestion to BUY/LONG if the price hits the green area (take a look at the chart).
The crucial buy point of this coin is $2.66 - $2.53, you can buy MANA/USDT in this area. WHY? Because MANA/USDT needs to reclaim Fibonacci 0.618. then, you can sell it from $4.02 - $4.27, with or without leverage, PLEASE REMEMBER do not use leverage above X3.., every trade action required financial management skills. wise in trading and take your profit.
Thanks. any donation/support with ETH
0x94bD70a85147A9f2588994854617987D980acED2
MANA - Weekly Outlook ✅Let's see how MANA is behaving.
This is a Weekly chart.
The Fib retracement shows that the price dumped on the support level. If the price falls, even more, the support level might be around the $1.9-$2.4 area.
The market is showing SELL volumes for MANA.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Upper Bollinger Band can push down the value, and the Middle band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that MANA is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $2.4437
Let me know your ideas.
Good luck.
MANA, why do big players sell at every pump?MANA is moving in a downtrend. A trend line can be identified on the chart. The price has broken through this resistance several times, but each breakout has been a false breakout. It is also worth noting that with each rise there was a volume at the top. This is a bad signal, a signal that the big players are locking in their positions at every good opportunity.
There are no big volumes to buy at the moment. The price may correct even lower. In case of a false breakdown of the key level and the appearance of volume, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
TS ❕ ADAUSD: sellers prevailSellers still managed to come under the level of 1.42010910, which now entails sales. Only closing the price above this level will allow you to think about longs.
SELL scenario: An approach to 1.42010910 is expected, and if the price does not close above this level, then this is a confident short with a target of 1.25689433.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ ETHUSD: inside downtrend channelThe price of the coin is moving within the downtrend channel. The resistance line of this channel is located at the level of 3287.50, from where short deals can be considered.
SELL scenario: Expect the price to approach the level of 3287.50. There, within the downtrend channel from the resistance line, consider deals to sell.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ BTCUSD: one step to fallSoon, Bitcoin buyers and investors may be even more disappointed as the coin is trading near the support of 40964.75, which could turn into a deep fall. Presence of the price in the range of 40964.75 - 43480.15 strengthens the sell signal.
SELL scenario: Shorts can be opened from the level of 43480.15. The range forms a continuation of the downward movement and any unsuccessful attempt of the price to break through will be immediately regarded as opening a sell trade from the level of 43480.15.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
MANA - Daily Chart ✅Let's see how MANA is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price is now rejected by resistance.
The market is showing massive SELL volumes for MANA.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that MANA is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $
Let me know your ideas.
Good luck.