MANA has fallen to an important zone, what next?Indeed the market has been on a free fall. Mana is getting its share of the effect of gravity.
Mana has formed an important pattern "M"... this asset is sitting at an important zone which is the neck of the M-pattern.
Looking at my TA, is either MANA breaks through the trendline at the neck of the pattern or the support at that zone holds.
Possibilities.
1. The bearish run continues, break through the trendline and ride to $2.4 zone
2. The support level holds and the bull come back to push this asset to $2.8 -$3 levels.
Warning: RISK MANAGEMENT IS IMPORTANT.
🙏🙏Thanks for coming around.. I will appreciate your like, COMMENTS and follow.
Metaverse
Bitcoin 4H analysis Update🟢 Bitcoin continues the downward movement and now trading
near the support of the $36,000-$36,300 area. BTC needs to show
some strength here otherwise things turn pretty bad. A break
below $36,000 is bearish and we may see a dump towards the
major support of $32,000-$33,000 area. Bitcoin needs to reclaim
the $40,000 area to get some positive move. Use stop loss in all
trades.
📅 02.22 .2022
⚠️ (DYOR)
RFOX - Great support level retest, I'm getting in.Foxy retested the bottom at 0.051, RSI is okay, MACD looking pretty and the graph hasn't gone below bollingers bands but! still Bitcoin has a lot to prove weather it's finally bullish or going past double bottom...yeah. For all that, I think it's a safe bet and worth getting into red fox now in case it skyrockets;)
Good luck :)
Adam
Entry: range 0.052-0.056
StopLoss: anything below 0.051
Takeprofit: yellow triangles shown on graph
After reaching TP1 I'm moving stoploss to break-even.
*not a financial advice blabla
KCS - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for KCS, feel free to request any pair/instrument or ask any questions in the comment section below.
Fundamentally KCS / Kucoin is doing great too!
As per KuCoin Labs: Integration of Metaverse and DeFi Will Be a Major Highlight in 2022
“KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0.”
Said Lou Yu, head of KuCoin Labs.
Best of luck!
Trend breaks + bearish patterns + BTC dominance high = weak altsLet me know what you think in the comments.
Sorry for the messy chart
SAND IS TRADING WITHIN A DESCENDING CHANNELSAND has broken the $3.9 support level and it may now act as a resistance level.
Also SAND is trading within a descending channel and it is currently sitting at the lower end of the channel. Human psychology will likely push this asset up within this channel
Remember that favourable/ unfavourable fundamentals may turn things around
Bitcoin Daily Analysis Update🟢 As expected BTC continues the downward movement and now testing the major support area. BTC needs to hold this support otherwise we see a quick sell-off. We may see a wick to $38,750 support
area. The first resistance is $40,800 and $42,000 area. Keep an eye on the support level.
Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market.
⚠ This Analysis will be updated.
Amir Hossein
📅 02.20.2022
⚠️ (DYOR)
Decentraland is coming to a vital demand zone!!! MANA!Decentraland - On the weekly chart we have a confirmed trend to the downside. Making lower lows and lower highs.
On the daily chart we are trending up making higher highs and high lowers. We have a liquidity void @ $3.66 that needs to be filled. We have a little demand zone that price action could react at the $2.60 region to push up. If this fails and we go $2.43 we are going to the downside. I expect a push up start of the week next week to fill the void above. However this could just be a liquidity grab to the downside.
If we can break above $4.oo the bulls have gained control on the higher time frame.
Most alts are coming to a vital demand zones that need hold or more downside is coming. The next week is going to be a vital candle in the direction we are going.
VECHAIN DAILY ANALYSIS🟢 #VET has broken the bearish trend line and is maintaining this range and re-testing the trend line. Price has reacted positively to the 0.382 Fibonacci level and is expected to be moving towards the resistance shown in the chart. Otherwise, the process will fall to the support level and it will be decided again to continue the process. Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market.
⚠ This Analysis will be updated.
🟢Amir Hossein
📅 02.19.2022
⚠️ (DYOR)
Zooming in on MANABTC is behaving, bullishly bouncing off its support, poised to break $45k with resistance around $45,150 area. Sometimes after MANA rallies, it takes a break and the other tokens take a turn. I was concerned about yesterday's rally being shorted after Samsung's V-day novelty wore off, but thanks to JP Morgan stepping into Decentraland, MANA is following its path to the next levels. I zoomed in on the 1hr to illustrate where MANA is at and where it will have minor resistances on its way up to the next targets. This is not financial advice. MANA does need to break $3.41 or risk creating a short-term H&S. An hour ago, I was keeping an eye on the $3.16 level. Should MANA drop below this support, a drop to $2.97 is likely. Don't get me wrong, I believe MANA will hit $2.97 in the future, BUT I think it will hit $3.88, $4.34, maybe $5.10 first. Again, not financial advice...but yes, MANA is following all the fundamentals.
Very oversold right nowRemember that facebook is run by mark zuckerberg, he's an alien lizard with superhuman iq. This in itself is bullish.
FB will have to reinvent itself, we will have to see if the metaverse is a success. But this stock is very cheap now and sentiment on all time low. Feel like this might bounce again.
MANA: WILL METAVERSE TAKE THE MARKET BY STORM?Some points to mention regarding the chart:
1. The significant role of MA21.
2. The steady and consistent volume, albeit at lower levels compared to the previous bull rally.
3. The 2.5 - 3.5. is of great significance considering the price history in this region. The manner of breakout is consequential.
$FB Key Levels Analysis & targets - Deep targets$FB Key Levels Analysis & targets - Target 1& 2 hit
Target 3 & 4 are on deck
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
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Facebook - METANice day to everybody,
I am preparing to entry.
Meta had quite strong, maybe panic reaction, after earning.
The reaction was really strong.
Now is gap between 320-250USD. This gap should be filled in the furute.
I am not entering now, but preparing for taking the position. I would like to see some accumulation around 200USD or a little bit less.
Whole stocks market is tricky and I would like to be more sure before entry.
Tip: you can see how gap works. It's like magnet, previsou gap was between 230-250 and now is filled.
Facebook: META - FB' Future / Prediction Meta Platforms, Inc., doing business as Meta and formerly known as Facebook, Inc
is facing a bit of a challenge as of late but will soon grow some wings...
it should turn from 294.61 & go up from there but if break below 2920? then it will kiss 245.94 (worst case)
*The curves
I am 250% Bullish......and patient. The chart really hasn't changed. Mana bounced off of the lower trend line (BLUE). Months ago, I started illustrating MANA's progression through Cup and Handle patterns, one leading into another, acknowledging the function of time as an unknown. Time is on our side, as the patterns play out, the deeper the head, the higher the target. Same concept is illustrated today using micro and macro Inverse Head and Shoulder patterns as projected through resistances and their relationship to the Fib .5.
Although this is the daily chart to show the big picture, zoomed in on the 2hr, MANA is currently completing an Inverse H&S (ORANGE) with a target in the $3.33 range. This will leave MANA in last week's position, needing to close above last week's high of $3.55, hopefully with more strength from the recent drop. This would lead to $3.64 and then the $3.80 area, completing another Inverse H&S (GREEN) with a target around the ATH. From the ATH, MANA would complete the macro Inverse H&S (PURPLE) with a target of around $10. There is no data above the ATH and MANA may see the same parabolic pump, (1/2 around 250% from current price, but 500% higher than the Fib. low @ $1.71). Just as what goes up always comes down, that which comes down, will again go up. The industry is growing (just beginning), not shrinking. These are just my ideas and not financial advice. I do not recommend using this chart as a function of time...I truncated it to fit in the screen. I am not expecting anything below $2. What happens after $10? Depending upon when THAT happens, probably a drop to $4.90 in early October or $5.90 at the end of December...not crazy talk, just when the lower support that now sits around $2 would hit projected Fib. retracements after $10...so who knows?
Link to 2hr time frame: