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Manta

MANTA looks bearishFrom where we placed the red arrow on the chart, the MANTA correction has started. The pattern seems to be a diametric and we are now at the end of wave E. It is expected that the corrective phase of MANTA will continue. The two vertical lines on the chart are the approximate time of completion of wave E of the diametric Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
Manta ReversalThe main trend shows a sharp decline from a high of around $3.50 to a low of around $1.40 before the price begins to consolidate and a new pattern forms. There is a strong resistance area around $1.78 to $1.90 (blue area). Price has tried to break this level several times but is still stuck. Price Movement : Falling Wedge: There is a falling wedge pattern that has broken upwards, which is generally considered a bullish pattern. This pattern provides an indication that the price has the potential to rise further. Right now, Manta has succesful breakout of falling wedge and forming ascending triangle as a continuation pattern. The price is around the EMA 21, which indicates consolidation and potential further directional movement. There appears to be a Fair Value Gap (FVG) in the area of ​​around $2.00 to $2.40. If the price manages to break through the current resistance, the next target will likely be to fill this gap. Profit Target TP 1: Around $2.10, based on measurements from the falling wedge breakout TP 2: Around $2.40, the upper area of ​​the Fair Value Gap (FVG). Stop Loss: Around $1.66 or slightly below the 21 EMA to reduce risk, around $1.65
Long
by CryptoWizard_
Trade Idea for Manta Network (MANTA) - Accumulation StrategyManta Network (MANTA) is currently trading around $2.00, making it a notable player in the privacy-focused blockchain space. Manta Network aims to provide privacy-preserving transactions using zk-SNARKs technology, ensuring users' data security and confidentiality on the blockchain. Start building a position at the current market price of around $1.70. This level offers a strategic entry point considering the project's potential and current market valuation. Plan to accumulate more MANTA tokens if the price drops to $1.60 and further to $1.40. This approach allows for averaging down the entry price and maximizing exposure during market dips. Set take-profit targets at $2.70, $3.45, and $3.90. These targets are chosen based on anticipated resistance levels and historical price movements, aiming to capture significant upside potential. Manta Network is focused on enhancing privacy for DeFi users by integrating advanced cryptographic techniques. Its unique approach to privacy in the decentralized finance sector positions it as a critical player as privacy concerns continue to rise in the blockchain space. The broader cryptocurrency market trends and increasing interest in privacy solutions can drive demand for MANTA tokens. Monitoring developments and partnerships within the Manta Network ecosystem will be essential to adjust the investment strategy accordingly. Accumulating MANTA at strategic price points leverages market volatility and the project’s promising fundamentals in the privacy space. The phased profit-taking strategy aims to optimize returns while balancing risk. This trade idea is based on the current market data and Manta Network’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Long
by icordkaz
1
When to buy MANTA safely ?The Manta price is now being openly "pumped up" by MM, so only MM knows where the maximum price will be. The maximum MANTAUSDT price could have already been, or perhaps it will be, for example, at $4.70 Personally, we don't trade on manipulative growth - we'd rather wait patiently for a deep correction, which will come sooner or later. For example, $1.50-1.70 for MANTA is a fair and reasonable price to buy, or not?) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
18
MANTA target $30+12h time frame - MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation structure. Next, the target is very easy to estimate when you know how to refer to mc in bull market. Current mc of MANTA is around $445 million, and the total supply is $1 billion, the reasonable mc that MANTA, as a key of layer 2 sector, could reach is definitely over $30 billion, which would bring MANTA up to $30 or even higher if layer 2 got attention in future. - Bull target: $30+
Long
by EthanTW
MANTA Preparing for another Bull Run? MANTA Analysis💎Paradisers, let's take a closer look at #MANTAUSDT, where current trends indicate a viable opportunity for a bullish resurgence from its key support area. 💎Reviewing #MantaNetwork's latest market activities, we notice a significant 35% retreat from its recent high. Yet, the determination at the support level of $2.6 suggests an opening for an upward movement. 💎Despite the challenge of surpassing new highs or previous records, leading to a temporary bearish sentiment, the $2.6 level is crucial for #MANTA. This point is teetering on the edge of catalyzing a notable bullish wave with another evaluation. 💎As strategic traders, we're perpetually equipped with a Plan B. If #MANTA declines further from this support, we're aiming for a bullish revival starting from the next support at $2.19. It's essential to recognize, however, that falling below this marker could signal the start of more profound bearish trends. 💎Keep your strategies adaptable and your eyes on the market, Paradisers. Your ParadiseTeam is diligently observing, ready to guide you through these evolving market conditions.
Long
by MyCryptoParadise_Simon
3
MANTA ENTRY SETUP #DYOR #NFAThe $2.51-$2.65 range is a very good entry area, but this price depends on Bitcoin (BTC). If BTC drops to $59,500-$61,000, there is a possibility that MANTA will reach the $2.51-$2.65 area. However, if BTC does not drop, then the $2.9-$3.1 price is a good entry point. Here are some factors to consider: BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow. Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market. It is important to do your own research before making any trading decisions.
Long
by mrskyzo
MANTA - Looking bullish, could it go on a TIA style rally?Manta Coin, a relatively new entrant in the cryptocurrency market, has been making waves due to its innovative approach to privacy and scalability within the blockchain ecosystem. This digital asset is designed to provide users with private and secure transactions, leveraging the power of zk-SNARKs technology to ensure anonymity and data protection. Manta Coin aims to address the common concerns associated with digital transactions, such as privacy breaches and security vulnerabilities, making it a standout project in the blockchain space. - Exchange Listings: Binance Bybit Kucoin TP : $5.20 $7 $8.80
Long
by DenseCapital
1
MANTA ANALYSIS (4H)It is fluctuating within a range. Due to the sweep of low liquidity pools and higher L's and consumption of supply, it is expected to reject upwards from the POI range. Only if it pullback to the POI range, we will look for buy/long positions. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Analyses about Manta token for SPOT ✍️ Fundamentally, Manta token is due to the use of zkSNARKs technology, ⚡️ which provides private and secure transactions for its users. It has a great potential to have many users.💥 ⚡️Due to the great reception of people in the crypto space and the high capital demand from this network, as well as having powerful supporters such as Celestia, investing in the spot mode and also finding the right entry point to have a long position, Manta can be one of the best options of this the days be for us. Also, according to the technical chart of this token, which is in a good position, it can be said that after breaking the 3.713 point, it is a good time to enter a long position.🔥
Long
by ehsan-tcp
2
MANTAManta should go sideways or slightly down and then we go up for 2x. This is a new coin meaning it's high risk, but it's in most major exchanges so I don't think it will crash. The move might take about 1-14 days to happen. slightly better price than current one is still possible so I would slowly buy in. About Manta Network Manta Network is the modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized applications on Manta and leverage its technology stack to deliver faster transaction speeds than an L1 and lower gas cost than an L2.
Long
by Achilly
🚀📉 MANTA Support and Resistance Levels! 🎯💹📊 Analysis: Current Level: Returned to the support at $2.73. Upward Trend: Aiming for the next resistance at $3.47. Crucial Level: Clearing and holding above $3.10 is important. Next Resistance: Positioned at $3.81. Lower Support: The wick stopped at $2.30. 📈 Trading Strategy: Action: Monitor for a sustained move above $3.10. Targets: Consider resistance areas at $3.47 and $3.81. Risk Management: Be aware of lower support at $2.30. 🚨 Note: Stay adaptable to market dynamics for effective decision-making! 🌐🔍 #MANTA #CryptoAnalysis #SupportResistance 📊💱
Long
by Richtv_official