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!
MANAUSDT
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.
🟢MANA's Bullish Movement is not over Yet!Hi every one
DECENTRALAND / TETHERUS
MANA has Done a Impressive Job in the last Few days! But it seems this is just a Beginning. as you can see It has Created a Bullish flag, This means The Price has a Great chance to Increase as much as the FLAG Pole. when ever the Break out happens, the odds of Creating a New ATH is Pretty High.
⚪Summery:
-MANA has done a Great Bullish movement
-Bullish flag is visible on the chart
-Can Create a New ATH after the Break out happens!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
#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 $2.263
Target is open, I don't know how much it can pump.
Trade carefully and keep booking profits on the way up.
Stay tuned, If you want me to post more of these setups, Hit that like button,
Thank you
#PEACE
MANA / USDT. Updated chart Falling Wedge spotted on 4h frameMy last chart on MANA / USDT was invalidated as the ranging pattern continued or perhaps a slight downward price movement occurred. This is an updated analysis on MANA / USDT based on the 4h time frame, with a spotted falling wedge.
Is MANA / USDT (Decentraland) overvalued at its current state, or are we merely seeing a retraction before an upwards price continuation?
In case of upside continuation; If the triangle breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit idea:
TG1 - 3.5$
TG2 - 4.19$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
MANAUSDT Technical Analysis⏳ Spot
💎 MANAUSDT has formed asymmetrical triangle. After the breakout I expect a retest and pullback before it continues to go higher. You also can wait for a pullback and when you see bullish setup open your trade.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or at 2.5367 - 2.9649
☕️ TP1 3.1400
🍺 TP2 3.4646
🍻 TP3 3.8405
🍾 TP4 4.1950
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 2.5367 - 2.2313
Good Luck 🎲
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💡Don't miss the great buy opportunity in MANAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.7034).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 3.0775
TP2= @ 3.4566
TP3= @ 3.8489
TP4= @ 4.2019
TP5= @ 4.9394
SL= Break below S2
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Now, It's your turn!
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💡Don't miss the great buy opportunity in MANAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.7034).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 3.0775
TP2= @ 3.4566
TP3= @ 3.8489
TP4= @ 4.2019
TP5= @ 4.9394
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
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Is this a dead cat bounce on $MANA?Okay, lots of mana FOMO so i'm here with not so good news.
However, this to me looks like a blow off top.
what happens with a blow off top is that it retraces and tests the golden pocket after an irrational bullish leveraged euphoria rally
this confirms a dead cat bounce, or what it's called in the market cycle
"we're just cooling off"
What invalidates this?
If we break the golden pocket. (3.53) and closed the day above it. then the rally may perhaps continue.
Cheers!
@bitmoey
Strong MANA support ( 3h)(( please read the description ))
Very strong support at Fib 0.5 ~ 0.618 , in case of high trading volume I expect it to continue the upward trend.
The first Target is to defeat the resistance, Profit can also be in resistance.
tip :
* MACD (It is a little early but it shows an upward trend )
* 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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MANA broke out of falling wedge. Bullish as frickAfter some long death crawling mana started to squirt out of this falling wedge, it looks very bullish and might keep going after this impulse correction off the 0.5 fib. 50 EMA also is supporting it since it just bounced from it. Good time to enter and potentially sell at the supply zone around 3.4-3.5. Or potentially hold for longer to go crazy and hope for a 1.618 around 8 dollars.
MANA/USDT 15M UPDATE Welcome to this quick
Mana/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- mana/usdt is ascendimg tringle pattern conform and retest and buy the dip
Entry:- cmp And buy the dip in green zone
Traget:- 15% to 20%
Stoploss:- $2.80
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
MANA geared up for a bull run round 2! Hello. According to my technical analysis, Decentraland (MANA)looks to be ready for a round 2 bull run. Days of MANA consolidation may be over.
Former resistance(red dashed trendline) has been broken with a breakout candle with decent volume, which is bullish. The 100 EMA former resistance has also been broken.
The 0.618 Fib acted as support, helping price break the red dashed trendline and making the breakout more powerful
A key bullish factor here is in the RSI, where a bullish divergence has shown. Also assists in making the breakout more powerful.
There is one more resistance for the bulls to push through, and that is the 0.5 fib(blue color). In my opinion this fib needs to be broken before we can see a successful bull run.
Thank you for reading! Make sure to leave constructive feedback in the comments section. It would possibly help me improve.
Also, do not blindly follow this post. Do your own analysis first.