MANTAUSDT
Manta Network(MANTA) is Ready to Correct at least ➖10%📈Today, I want to analyze a Token for you, which was one of the trending tokens of the cryptocurrency market in the last few days; the name of this project is Manta Network(MANTA) .
📚 What Is Manta Network(MANTA)❗️❓
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 costs than an L2.
✅ Manta Network(MANTA) reacted well to the 🟡 Potential Reversal Zone(PRZ) 🟡and started to decline.
💡In terms of Classical Technical Analysis , Manta Network(MANTA) managed to form a Rising Wedge Pattern .
🏃♂️Currently, Manta Network(MANTA) has broken the lower line of the Rising Wedge Pattern and is moving in a small ascending channel , which can act as a pullback .
🌊According to the theory of Elliott waves , it seems that the Manta Network(MANTA) has succeeded in completing five impulse waves , and we should expect corrective waves in the coming days.
🔔I expect Manta Network(MANTA) to fall at least to the 🟢 Support zone($3.365-$3.260) 🟢 after breaking the lower line of the ascending channel, and it is likely to experience further falls .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Manta Network Analyze (MANTAUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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📊#MANTA will rise based on double bottom structure📈🧠From a structural point of view, after the goal of the double top short structure is fully realized, a double bottom long structure is formed in the buying zone. If we can strongly break through the resistance zone and the previous high, then we will be able to successfully reach the TP zone.
➡️From a wave theory perspective, we appear to have completed Wave 4 and are looking forward to the formation of Wave 5.
Let's see👀
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crypto portfolio 02 (MANTA)hello dear trader
there are 2 area for buy manta with usdt pair
i am waiting for retest the support zone
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.
good luck
MANTA/USDT A Turnaround in the Making? 🚀 MANTA BOOM💎 Paradisers, an intriguing trading scenario is unfolding with #MANTAUSDT, as it currently exhibits a downward trend, yet the stage is set for a potential bullish reversal from the demand zone.
💎 Observing #MANTA recent descent, a 25% fall from its peak has been noted. Now, as it nears the demand zone at $2.75312, we're eyeing a possible shift towards an upward trajectory, aligning with a high-probability FVG (Fair Value Gap) setup.
💎 Here's where it gets exciting: should the price dip below $2.90246, be ready to seize a 5.87% profit opportunity before OMXHEX:MANTA hits our anticipated demand zone. Maintain vigilance, as a further drop below the demand level of $2.73168 calls for a strategic reassessment of your trading plan.
MANTA Hit my zone of interestMANTA is moving exactly in my zone of interest, that is a good support zone on ourly timeframe. I expect the price to start pumping from there, that's why i have a tight invalidation. BTC will lead the move, so if BTC decide to drop more, setup will probably be invalidated. Target liquidty zone on M15 timeframe
MANTA Missed tpWe missed the take profit for few cents on MANTA, but setup was good and entry pretty perfect. I think we could see another pump on MANTA, the moment is good, and the target is still possible. But i decided to no risk more and i personally close 50% here keeping the rest at break even
#MANTAThis currency does not have much data, but according to the type of movement behavior, this movement can be checked in the form of wave c or 3, which will have the ability to reach the targets specified in the chart. Therefore, with the loss limit below the doji candle, you can enter into a buy transaction to continue the upward path of this currency. Note that this currency does not have a lot of data, so it can have a high risk.
buy in bull-trend📊Analysis by AhmadArz:
We are one movement , we wait for 50% correction for keep movement.
🔍Entry: 2.423
🛑Stop Loss: 2.379
🎯Take Profit: 2.469 - 2.53 - 2.576
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MANTA SetupI want to see MANTA to retrace till the support zone i drawed (green box). This support need to hold in order to expect a possible bounce. A small squeeze could happen considering the actual volatility, that's why we could see a fast drop till 2.05 before caming back in the box, and only here i would consider to enter long
MANTA NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that MANTA has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
We did follow before more coins, and these coin seems to have an increase of break in the coming time.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
NEW: Manta NetworkAbout 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.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.