MANA/USDT Maybe some correction is needed.Hi Dears
Why MANA/USDT is going for correction?
In this idea, I would tell you the answer to this question in a brief and useful format.
First of all, we are moving near the weekly supply in the control zone.
Second, the volume is decreasing.
Third, the RSI shows clear Divergence.
And at last, the rising compression pattern is made.
So I think that correction is near.
You have to wait until the trigger is activated. Maybe the price wants to spike to the supply zone that is likely fake for gathering the liquidity and then starts to fall.
Sincerely
Hosein Poursaei
MANAUSDT
Mana liquidity levels.76 cents has been significant since June and and we are again below it so in the past month we have build up .71 .72 cent area as a liquidity area so we may have less trouble breaking through .76 @ .74 cents i am waiting on a test at .76 and a retrace to at least where we are now .74c
Decentraland (MANA) formed bullish BAT for upto 15% pumpHi dear friends hope you are well and welcome to the new trade setup of Decentraland (MANA) with US Dollar pair
Prevously I shared a long-term trade setup for MANA, which is still in play as below:
Now on a 4-hr time frame, MANA has formed a bullish BAT pattern for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MANA can also decrease to the support If more negative reactions to the resistance levels are observed during this week and selling pressure increases, MANA can also decrease to the support range of $0.5317 by breaking the bottom of the short-term ascending channel. Negative divergence has also been observed on the RSI indicator, which could be another warning sign for a price correction. Among the important resistances of MANA, we can mention $1.05, which is one of the strong reaction levels.
$MANA/USDT 12h (#Bybit) Rising wedge breakdown and retestDecentraland looks locally topped here and seems likely to retrace down to 200MA / ascending TL support.
⚡️⚡️ #MANA/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.3X)
Amount: 6.5%
Current Price:
0.6955
Entry Zone:
0.6975 - 0.7465
Take-Profit Targets:
1) 0.6070
2) 0.5205
3) 0.4340
Stop Targets:
1) 0.8180
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +36.6% | +64.2% | +91.7%
Possible Loss= -30.6%
Estimated Gain-time= 3-4 weeks
Website: decentraland.org
Short-term bullish channelMANA has increased in price by more than 16% in the last 24 hours. The buying pressure that has arisen has caused a new ceiling to be registered again in the daily and 4-hour time frames. Given that the price is in a short-term bullish channel, as long as the bottom of the channel holds at the $0.70 support area, there is potential for MANA to grow further and reach the next target range, which is $0.83. But higher and more important resistance is considered at the $1.05 level, which could be a more serious and important supply area.
Decentraland: Indecisive 🙅🏼Decentraland is currently moving sideways, being quite tempted by our alternative scenario with a probability of 35%. In this case, the coin would exceed the resistance line at $0.7813 and rise into the blue target zone to finish up the pink wave alt. before heading back South. Primarily, we expect Decentraland to get back on track to fulfill the corrective low of the pink wave within the pink target zone. Once completed, the coin can start its bullish maneuver and climb North.
MANA: Pullback in UptrendDecentraland (MANA) technical analysis:
Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes, which are indications of bullish trend reversal. Pullback near $0.60 support could be a swing entry in Uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
Static support area of $0.55MANA recorded good price growth during the last weeks. In the previous analysis, this price increase was predicted according to the candles' reversal signs and the RSI indicator. But because the market entered an upward phase, the ceiling of the main descending channel of MANA was also broken, and the price is above the level of $0.58 -$0.66. We can say that the daily time trend of MANA is up. Therefore, pullbacks can create a strong positive reaction to support levels. The price of MANA has entered an ascending channel in the 4-hour time frame. As long as the bottom of the channel is maintained and the static support area of $0.55, we can expect further price growth. So, at this level of support, we can again expect a positive reaction and an increase in demand. Also, if the short-term ascending channel is maintained, MANA can grow to $1.12.
MANA is at the peak and now for some shallow restingBased on current impressive impulse up from the dead, Mana has reached its peak, and now it is time for some rest,
Due to strong impulse up, a shallow retracement is unavoidable, and for those who yet to jump in the train, wait for some shallow retracement before entering the trade.
This is based on hourly chart, so shouldnt be that long to wait for the correction to end.
Have fun trading!
MANAUSDT SWING LONG Here are the fews points i am looking for this chart
1.Price showing us deep pull back breaking though last uptrend swing low
2.Price showing us a new strong momentum to the upside
3.We can compare those down wave to the new up wave , very clear that buyer are taking control
4.Price start to consolidate and holding up the FIB 50% level (showing us price are strong to buy )
5.We need to see price break out in strong momentum bar before we entry (maybe restested )
6.Remember we are buying new higher high make sure moved you stop loss to breakeven when you are in profit about 1-1 risk and reward
7. Target : no Target (trend following )
MANA: Approaching ResistanceDecentraland (MANA) technical analysis:
Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes. Trends have reveresed to an Uptrend. Now approaching $0.75 resistance and is overbought (RSI > 75), likely to pull back some, before resuming uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.