MANAUSDT
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#MANAUSDT 2h Chart
Price is recently moving perfectly in an uptrend and is near it's ATH (all-time high). MACD lines are preparing to cross and become bearish, but RSI is over 50% and price is still trading above EMA ribbon. It is currently testing the support line which is now weak as it has been tested many times so price will most likely be able to break through it. We also have an untested 4h demand zone at around $2.8 which i expect price to bounce from if it breaks the support line.
Strong support ( MANA 1D )(( please read the description ))
Strong support, MANA support by Fib 0.5 ~ 0.618, The first Target is to defeat the resistance, Profit can also be in resistance.
tip :
* MACD ( Shows an uptrend )
* The trading is above the MA 50 (Blue line), one should hope for an uptrend and test the resistance Zone
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
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* The responsibility for buying and selling lies solely with you *
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Decentraland (MANA) - Long opportunity with +20-25% potential MANA is finally in an uptrend movement after having broken its resistance around $2.79. Despite today's bad performance of BTC, MANA has been very strong with a +23% gain however it seems that it's trying to re-test its support trend-line at the levels of $3.10-15.
- On the 4-hour chart, we have a bullish MACD and RSI with a bit of margin before reaching the overbought zone.
- On the 1-hour chart, the MACD is close to turn bearish however if the price bounces on the support trend line then it will remain bullish therefore, it's very important to ensure we don't break it to the downside. The RSI is close to a support level, happened twice today so I remain optimistic here.
- On the 15-minute chart, we are still in a downtrend for the past 4 hours which is good as it will give some strength for the continuation to the upside.
Levels to watch:
- Re-test between $3.10 - $3.15
- Take Profit 1: $3.61
- Take Profit 2: $3.82
What will be the next move of MANA after it breaks the pattern ?MANA In 4H time frame appears with a Descending triangle pattern, with it's resistance as above trendline and the support zone
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* Price above the resistance is bullish .
₿ MANAUSDT 1D ₿ : 12.Nov.2021This is a analysis from #Mana in the weekly time frame (logarithmic) and it seems that with the support of 2.68$ , the price can rise again to $ 4.5 and then to $ 9 in the long run . (HOLD)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 12.Nov.2021
⚠️(DYOR)
manausdtAccording to recent events, there is also a possibility of a move for this token, but the most important thing is to make a purchase after encountering the broken resistance and stabilizing the high price of the red rectangle.
Or buy step by step
Support with likes and comments
Be successful and profitable
💲 MANA IS READY FOR EXPLODE, AGAIN 💲After a phase of consolidation MANA is ready for an other shot.
Fib levels indicate 5 - 7 💲 for this run, but not explosive like other leg, the incrse is organic and not like a pump, adn this a good thing for a coin
METAVERSE ISa too much big thing for non increase the value of the metaverse coin, and MANA is the king of metaverse 💎
DIOR ⚡
Beware of dead cat bounce We are recently got a very quick jump out of the long sideway ever. I still suspect this move as it seems to be like a dead cat bounce. I would not think this is the real run of MANA. It can be either green or blue line or pink line now. This is not investment advice but reflects my current perspective of the matter.
🔥MANA long from exceptional support#MANA/USD
🔥MANA long from exceptional support, a safe short stop trade.
What will be the next move of SHIB after it breaks the pattern ?* SHIB In 4H time frame appears with a Descending triangle pattern, with it's resistance as above trendline and the support zone around $0.000042.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* If Shib breaks the support zone it will drop till $0.000024
* Price above the resistance is bullish.
Fake Bullish Flag w Dead Cat Bounce (high chance) before real coEarly today 11/10/2021 (US time) or late today 11/10/2021 (Asia time) there was a big sale off made the price of MANA dove down to $2.3. This is a signal of big hand is stop-loss withdrawing from the MANA, it is very obvious MANA would not reach any ATH above $4 anytime soon by end of this year. I would suspect a lot of day-traders on this tradingview platform tricked new investors to buy in right now. I am personally taking an HoDLer approach to see the Resistance 2 need to be retested again before we can see if MANA can pull its wing above $4. The main reason I think it is a fake bullish flag is that there are signs of a dead cat bouncing around. Still, if we are going to the Bullish flag then sure most likely MANA would jump. However, be warned, technical analysis is not everything to look at the graph. You need to understand BTC run cycle is coming near, then ETH runs, so a lot of bleeding effects will happen when a major coin running. The chance of MANA going 5x from now to get that $20B is equal to BTC gaining $1T in the next 12 months. There is no signal that whale or big investor would put more money for MANA above $4. If it is then we should have had at $5 by now, however, the reality is that we are at the $2.6 range and have been sideways for more than a week. It is a crucial time to think through this. The attractiveness of MANA is at $1.6 range but not $2.4. This is not investment advice, this is merely a reflection of my perspective on the current situation! Good luck!
MANA IS GOING TO RIP!This is as good as it gets fellas! MAJOR move incoming after a break of this flag. NFT projects have been pumping recently, esp. this one, expecting a rip thru this consolidation flag and a move the the 3.618 fib level with little drawdown in between
- note: flag could break downwards and form a channel, that is the only other option I see with this coin. I will be playing a breakout of a channel as well
Simple perspective...Are we in a slow bleeding downtrend or meaningful consolidation? I believe the latter for several reasons. We've all seen this before and hopefully, everyone's nerves are a little more stable in 2021.
Tokens with lower market caps like MANA generally don't behave like this if they were a one-time, random, pump and dump scenario.
The price gravitates to the upper end of the purple dashed descending channel. There is significant support at the $2.45-$2.50 levels and this support has been sitting here the whole time, waiting. Conversely, besides the immediate $2.56 'short' selling pressure, there is relatively no selling pressure until $3, $3.50, and $4.50. Everyone in between these prices have been shaken out over the week and I also believe that the $3 selling pressure will decrease should we get some volume in the next 24 hours, breaking the upper trendline, setting the stage for $4, $5,$7.50, and $9 targets. Lastly, the metaverse has huge potential. Decentraland isn't just a meme token with little intrinsic value. Albeit in the metaverse, MANA is a tangible asset. This is my opinion and not financial advice. I keep tight SL's. Mine is predictably dbl. the ATR, below the lower trend line. Good luck.