Manausdtlong
MANAUSDT Set for Channel Breakout!MANAUSDt Technical analysis update
BINANCE:MANAUSDT price has formed a descending channel on the weekly chart, which has been developing over the past 930 days. The price is now approaching the channel's resistance line, with rising volume observed in recent weeks. Additionally, the price is trading above the 100 EMA. Once the breakout is confirmed on the weekly chart, a strong bullish move can be anticipated.
#MANA/USDT#MANA
We have a bearish channel on a 4-hour frame, the price moves within it and adheres to its borders well at this price.
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 0.5858
The first target is 0.6526
The second goal is 0.7243
the third goal is 0.8046
MANA/USDT Trading ScenarioDespite the rapid growth of BTC and many popular assets in the crypto market, some altcoins from promising projects remain heavily oversold and undervalued. One example is the native token of the Decentraland metaverse — MANA. It is currently trading 95% below its all-time high and is near a local minimum.
From a volume profile perspective, the asset is attracting market participants in the current price range, and the accumulation phase has been ongoing for almost two years. If liquidity starts to shift from BTC into altcoins during an altseason, this token could experience significant growth and provide investors with a solid profit.
#MANA/USDT#MANA
The price is moving in a descending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at 0.2980
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.2988
First target 0.3045
Second target 0.3121
Third target 0.3200
MANA/USDT - Decentraland: Super Trend◳◱ On the $MANA/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.4931 | 0.5233 | 0.6013 and support near 0.4151 | 0.3673 | 0.2893. Entering trades at 0.4777 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Decentraland
▣ Rank: 110
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Media and Entertainment - Virtual and Augmented Reality
▣ Overview: Decentraland is building a decentralized, blockchain-based virtual world for users to create, experience and monetize content and applications.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.4777 ₮
▣ 24HVol: 4,542,725.045 ₮
▣ 24H Chng: 1.53%
▣ 7-Days Chng: 12.77%
▣ 1-Month Chng: -24.66%
▣ 3-Months Chng: 12.14%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.4931 | 0.5233 | 0.6013
◢ Support: 0.4151 | 0.3673 | 0.2893
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -3.12
▣ Last 90D: 0.26
▣ Last 1-Y: -0.01
▣ Last 3-Y: 0.34
◲◰ Volatility :
▣ Last 30D: 1.03
▣ Last 90D: 0.92
▣ Last 1-Y: 0.75
▣ Last 3-Y: 1.49
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.48 - Bearish
▣ In-depth MANAUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Mana Long Term Setup (Also short term)Decentraland (Mana) is about to go to the clouds once more again.
Everything's set and ready;
According to Elliot Wave Theory, phase 2 on weekly time frame has ended. We are ready for Wave 3, which is the wave you'd wanna be in for.
In 3 day chart zone, RSI is strong. Also in 12H time frame as well. I checked it's on chain data as well, looks okay.
Only Buy "Spot" and Hold until the target price is hit.
No stoploss will be given.
Short Term targets: 0,8217 - 0,8860
Long Term targets (for gigachads): 0,959 - 0,1267
Mana/Usdt Idea The Mana/USDT trading pair is currently showing signs of a breakout on the 4-hour timeframe, emerging from a triangle pattern. This indicates a potential shift in market dynamics, with a possible bullish momentum in the short term. If this breakout proves successful, there could be a price surge of 30-60% in the near future.
It's crucial to emphasize that this analysis is not financial advice. It's highly recommended for individuals to carry out their research, known as DYOR (Do Your Own Research), before making any trading decisions. By conducting thorough research and staying informed about the market trends, investors can make more informed choices in line with their financial goals and risk tolerance levels.
🚨#MANA/USDT Long#MANA
The price is moving in a perfectly formed head and shoulders pattern
We have a higher moving average of 100
The rise is expected to continue to complete the model based on 4 goals
Entry price is 0.4611
The first target is 0.4779
The second target is 0.4935
The third goal is 0.5172
The fourth target is 0.5378
Mana Parabolic?Looks like Mana setting up for strong move to the upside.
Already longed in spot mentioned in previous idea.(linking)
Longed 5550 with margin.
Invalidation and stopping if holds below 0.5500.
Possibly can expand in next daily candle or maybe next two candles.
Targeting 0.72 and above
Risk Reward from here is pretty solid.
Note: Not a Financial Advice.
MANAUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Targets: 0.5 - 0.53 - 0.57
after first target reached move ur stop to breakeven
Stop: ~0.33 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
MANA Accumulation phase. BINANCE:MANAUSDT
Last time Mana spent more than 150 days in accumulation zone before uptrend move. Probably if we find out resistance at sellers zone (marked red block) locally, we can drop once again to buyers area (marked green box)
Mana lost 86% since ATH so its good time to accumulate Mana now step by step. If you worry about your investments you can fix 50% of your investments in Mana at sellers zone and leave free coins.
Now we only 80 days in accumulation period, so probably by end of October/November we can formed final bottom and start climbing up.
On chart we can see now so low volume on both sides.
We retested 0.618 Level by FIB on D1 Timeframe and going out of downtrend line, so yes, hypothetically we can trade 80 days more in sideway.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
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MANAUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry zone: 0.25 - 0.2
Targets: 0.35 - 0.55 - 0.85
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
MANAUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Targets: 0.7 - 0.9 - ~1.05
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.