MANABTC trade ideas
Catching knifes in DecentralandDescription: If it falls through you can always buy yourself a nice spot in Decentraland's ghetto.
Timeframe: NOW - 48hrs.
Indicators used: ((Average Price weighted by Average plotprice) √ Binance Bot freq) / #N of times Loops sais "BECAUSE I SAID SO."
Shout out to: Donatella Versace
Buy MANA NOW :) I think MANA is in nice:
- oversold STOCH ( 14,3,3 ) in 4h and daily area ... 1h will be in next few hours
- If you pay attention on daily Fibonacci levels... price is on .78% support which is on .1177.... so... good for Buy deep
I think price can reach .1507 without big problem in few days...
MANABTC SignalMANABTC was ripped from its trend channel by BTCs breakout. We target a return to this trend channel and a continuation of the previously established upward trend.
Buy:
0.00001230 - 0.00001235
Target 1: 0.00001284
Target 2: 0.00001390
Target 3: 0.00001640
Target 4: 0.00001876
Stoploss: 0.00001151
MANA getting entered in potential reversal zone soonAfter a successful formation of shark the price action has retraced again to form some other harmonic.
The price line soon will enter the PRZ area and will take a bullish reversal from there insha Allah.
The targets are:
Buy between: 0.00001361 to 0.00001166
Sell between: 0.00001515 to 0.00001976
Happy earnings and regards,
Atif Akbar (moon333)
$MANA, Looking good, our ascending trendline is hodling...(20%+)Update on $MANA, Looking good, our ascending trendline is hodling the movement (20%+ already)
UCTS buy signal still active
MACD Rising strongly
RSI rising & about to reach Overbought levels
Volume is good in comparison with average
keep the trade active for now
#MANA
Decentraland / Bitcoin Technical Analysis: Listing FrenzyDecentraland / Bitcoin Short-term price analysis
Decentraland has turned bullish against Bitcoin, with the MANA / BTC pair surging to its highest trading level since July 2018.
The four-hour time frame shows a bullish breakout has occurred from an ascending triangle pattern, with the latest move higher extending past the upside objective of the pattern.
Technical indicators on the four-hour time frame are currently generating a strong buy signal.
Pattern Watch
The four-hour time frame is showing that a bullish inverted head and shoulders pattern is starting to take shape.
Relative Strength Index
The Relative Strength Index on the four-hour time is bullish, although it has reached overbought conditions.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish and continues to generate a strong buy signal.
Fundamental Analysis
The recent price surge is attributed to the listing of MANA / KRW pair on UPbit, which should increase the liquidity of the cryptocurrency.
Decentraland / Bitcoin Medium-term price analysis
Decentraland has a strong bullish medium-term outlook against Bitcoin, with the MANA / BTC pair soaring in value.
Buyers have invalidated a smaller head and shoulders pattern on the daily time frame, although a much larger head and shoulders pattern still remains in play.
Technical indicators on the daily time frame closely mirror the four-hour time frame, with the MACD generating a strong bullish signal, while the RSI has moved into overbought territory.
Pattern Watch
Caution is advised until the larger head and shoulders pattern on the daily time frame is invalidated.
Relative Strength Index
The RSI indicator has moved into overbought territory on the daily time frame.
MACD Indicator
The MACD indicator is generating a strong buy signal on the daily time frame.
Fundamental Analysis
From the fundamental perspective, the project also remains interesting. In February, it announced a partnership with HTC, to offer the Decentraland Marketplace on the EXODUS 1, the world’s first blockchain-enabled phone. This could potentially boost the adoption of Decentraland technology and have a positive effect on the value of the project.
Conclusion
Both the four-hour and daily time frames highlight the strong bullish breakout that has recently occurred in the MANA / BTC pair. If bulls can eradicate the larger head and shoulders pattern on the daily time frame, Decentraland could easily soar towards a new all-time trading high.
MANABTC (LONG) 20% PPTSTOCH RSI and EMA STOCH both showing bullish signals. Wait for the drop to the next support of 1196 SATS . BUY AREA is here. EMA 22 is crossing the 55 and pushing to reach the 200. This is where the big jump should happen.
There should be a push to 1450 SATS (20%)Profit
BUY: 1196
TP: 1450
SL: 1148
*THIS IS NOT TRADING ADVICE. USE YOUR OWN DISCRETION WHEN TRADING AND DO YOUR OWN ANALYSIS. TRADING INVOLVES FINANCIAL RISK.