Metaverse
MANA Decentraland: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Decentraland (MANAUSD).
The chart is self-explanatory. Please review the chart for all my notes.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Resistance Zone, Ichimoku Cloud, Volume, Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
MANAOn a 4-hour TF, The trend is negative. If it can break the resistance of $1.3 and the negative trend line with high trading volume, the target of $3.4 will activate. Otherwise, I expect the correction to the $ 2.6 range. #Mana's price floor is in the range of $ 2.3.
GALA, EXPOSED TO EXPLOSION !!!One of the currencies that has reached an excellent level following the recent correction of the market is the GALA. As shown in the chart above, the price divergence is evident and we saw a good reaction from the gold level of 61.8 Fibonacci.
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Please make the right decision by reviewing yourself and managing your capital.
Sand Sand, The King of Metaverses, where are you heading now?Sand Sand, you previously had a bear continuation and divergence that did not work out
You now have another bear continuation and divergence on 4H timeframe
Will it work out, Will it not work out
Are you heading to next support
Or are you heading to next resistance
Let's see. NFA DYOR
SOLANAOn a 4-hour TF, Solana finally could break the $105 resistance. I'm waiting for today's daily candle close to confirm the uptrend move. The next resistance is the $115, and the major resistance area is $125 - $130. Use stop-loss below $100 if you are going to open a position.
BTC/USD - ANALYSIS - @TradersLounge.USHello everyone! Here's my analysis for BTC/USD:
4H/1D - Price is currently showing bear flag pattern. We've been bearish since the drop off in November. BTC is still trailing under the 50MA. Price also has some room up to the GZ.
I'll be looking to see how price reacts to the GZ area & the 50MA!
Let me know what you think!
Miajah
Lead Trader @ Trader's Lounge
ROSE in bullish triangle BINANCE:ROSEUSDT
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SANDUSDT 1D (Clean Chart)Always keep an eye on the volume.
A clean chart SANDUSDT based of Volume Profile and The volume-weighted average price VWAP (A measurement that shows the average price of a security, adjusted for its volume).
[crypto] Decentraland - MANA - What cryptos have potiential?Decentraland - MANA - Is still on the watchlist - Triggers for bullish moves are occurring. Pullback alerts should be set. Can we make it to 10% target? We will see? Edutainment Purposes Only!
Possible LONG entry-point POLISPOLIS is currently sitting on a 59M mcap (compare to AXS with 3B). After a correction of almost 80% this solid metaverse game project is due for a breakout into x4 short-term and 10x mid-term.
SAND is bullish$SAND broke through the descending trendline and now is testing it. After the bounce off the trendline, bullish movement to the resistance area at 5,3 $ is possible.
Will the Fed's Interest Rate Hikes Be Good or Bad for Crypto?It's probably going to be a tough market in the short term, but the interest rate hikes of 22' is exactly what the economy needs right now. Reducing access to cheap loans should curb the frenzied markets, at least somewhat. (Though given how low the rates are projected to be, probably not enough.)
What does this mean for crypto? Well, that's the big question everyone is asking now. They said that Evergrande and cryptocurrency would go down together, but that didn't turn out to be the case. Will the same happen to USD?
In a way, 22' is going to be a big test for how resilient the USD really is. Politics has been warping the numbers lately but inflation is the lie detector that will reveal the truth about the US economy. American Exceptionalism? Or will it follow the same pattern China did? Time will tell. (If you're a crypto supporter like me, you're hoping for the latter, of course.)
Most crypto in for more painThe current recovery feels weak and trappy. A lot of traders are interpreting this as a potential bottom. In my opinion, it's much too early to call a bottom here. Most likely it's another dead cat bounce and another lower low will be incoming in the short term. The large support area shown is vast and it will most likely remain volatile to the downside for the short term as other major indexes reverse downward as well.
Don't be fooled by multiple green days in a row, the general tendency is still pointing to more red.
DigitalSurf: Enjin Loses Steam! $0.50 Due for Testing?Based on my assessment of ENJUSD, I must say, there's something terribly bullish setting up, long term.
In the meantime however, PA suggests that a drop below $0.50 is very likely.
How could you maximize profit and minimize your loss with this setup?
$RNDR AnalysisSupport turned into Resistance occurring on RNDR chart. Strong Breakthrough resistance, Now waiting for breakthrough long term downtrend. Will buy over $4.
RNDR great project, is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Their project is likely to be rendering projects in the metaverse.
SAND head up to upper line of channel📊 #SAND/USDT
$SAND dropped to support zone as determined in last analysis, and now head up to touch upper line of parallel channel.
🐮 break out from upper line of channel will increase price to $5.2
🐻 rejection from upper line will drop price to support zone around $2.8
Minor retrace to support?This chart reviews how we got to where we are today. The Inverse H&S reached its target then dropped to the Fib .382. I put my buy at the .5 Fib. slightly panicked, all for not. From last week's low to the .382 Fib, a new baseline has been drawn. MANA has formed a symmetrical triangle and broken out and is forming a smaller one now. There could be a short-term trend change forming in a bearish ascending wedge (BLUE) that would have a target, not coincidently, at the RED support line. I am keeping an eye on 3 moves.
1. breaking the upper BLUE line and continuing with the ascending channel...or failing and returning to RED line, wherever that may be.
2. breaking the lower BLUE line, finding support at the lower GREEN ascending channel and continuing higher.
3. breaking from the small triangle that is forming with a target of $2.50, which, not coincidently, lines up with the center of the GREEN ascending wedge.
4. This is not financial advice.
SAND Sandbox: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for The Sandbox (SANDUSD).
The chart is self-explanatory. Price and RSI have been moving upwards and broke out of resistance areas. The price is in the 0.618 Fibonacci Retracement area where a Dead Cat Bounce may be possible. If it keeps moving upwards, be careful with the 0.786 Fib level where there is prior resistance as well as Ichimoku Cloud and EMA ribbon resistance. If price and RSI come back for a re-test and successfully re-test the line along with Volume support, that would be bullish.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Ichimoku Cloud, Volume, Fibonacci Retracement, EMA Ribbons, and Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin Daily TA : 01.29.22 : $BTCWell , as you can see the price is still in the important resistance range that I mentioned in the previous analysis, the first scenario is still strong rejection from this zone and drop to lower levels , targets are $ 35,500, $ 34,000, 31,800 $ And $ 30,300, and if these two last important supports breaks , the next target will be $ 28,800. The second scenario is much less likely (But Still Likely) that the price break 40K X-Point range and consolidate above 42K , The first major target will be $ 50,800 .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 29.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
VRA ready for moreWe’ve caught nice support at my first simplistic line. Seem to be that meta verse is ready
Gala in the 2nd wave till $0.25crab harmonic pattern:
X=$0.493
AB=0.61 XA
BC=0.38 AB
1.6 BC=$0.23
0.78 XA=$0.25
2 BC=$0.304
0.88 XA=$0.343
2.24 BC=$0.362
2.6 BC=$0.477
1.13 XA=$0.738
3.6 BC=$0.983
4.23 BC=$1.54
1.41 XA=$1.77
1.6 BC=$3.42
