Per Request: $MANA is Quite Slow MarketMANA is quite overvalued i think. Because it has 2.6+ billions total supply and 1 billion on the circulating, ranked as #80 on the coinmarketcap at the current moment. This token engaging in virtual reality industry. I barely know, this such thing can be so stabled even on the bear market.
And Wow... it listed on many markets more than I expected. 46 markets, huge. Why am I so surprised. Upbit, Bittrex, Binance, Huobi, OKEx and the rest, wow I should've found this from the beginning. It just out of my radar.
Started out from only one hundreds plus before the December 2017, now it's quite "Stable" above thousand sats-ish.
Mana chart is not something that i really love if i'm a swing or day trader, less volatility means less up and down, means less chance to get a huge profit.
If you're a vision investor, MANA could be one of your choice. Support should be around 929 - 839 sats. You can put buy other right there. or 1000 - 1050 sats are also fine. Target? 1760 to get out of my initial capital and let the rest riding.
If all of these ideas I posted helps you just give me thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
MANABTC trade ideas
MANA / BTC: Barrycoin take me thereHoping this Barrycoin one day goes through enough accumulation to breakout, would look to load up near the lower line here. Strong accumulation and project, with support for bigger names in the industry, I think will run big one day, but has been pretty stagnant for a while. Patience is key.
MANA AnalysisLooks like a nice support on the 1.616 fibonacci line and also the 234 moving average, it is now near the end of the full wave cycle so i believe an uptrend is likely as we approach the end of the year. MANA has historically performed better than a lot of alt coins while having a lot of volatility which is great if you prefer stormy seas!
Disclaimers, not intended to be financial advise, not an expert.
I am holding a little mana at the moment but only after seeing the chart.
Biffy
ManaBTC Potential Buy opportunity(60-150%) Profit targetMana has been trading in an Ascending Widening pattern, serious consideration to be place on the BUY ZONE area to make any trading decision.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
A possible trade possibility for ManaAs you can see from the chart, most times Mana has gotten above the 231 MA, it has reached the big resistance zone at .00001231, which from here is about a 7% gain. Mana seems to hold it's own even when BTC is bearish. RSI is on the way down on this 4 hr chart so wait for a slight pullback before entry. Not financial advice, just what I see in the charts. What do you see?
Selling pressure pushing MANA back under 1200Lower and higher time frames all oversold on the RSI, wicks through 1260 but failed to maintain through strong selling volume on the 15m time frame. I believe MANA is coming back under 1200, we may see a small bounce there but 1150 is very likely past that.
Bouncing between resistance 1200-1120Mana has found a new range between 1120 and 1200. If BTC maintains its descending triangle MANA should drop back down to around 1120 before bouncing back up over the next 24-36 hours. Once Bitcoin has had a change of pattern MANA will follow up or down exponentially.
My $1k to $100k Challenge: Day 48 - Trade #50 MANAHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
Current streak of 7 profitable trades in a row.
After 47 days and 46 completed trades:
Wins: 23
Loss: 25
Balance: 0.1641 B
USD: $ 1154
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
SELL WALL Strategy:
What is a sell wall? Sell walls are essentially created by large blocks of sell orders at a specific price, that are at least 10% of the daily volume of that coin. The wall is created to prevent sell orders from executing at a higher price than the price set for the ‘wall’ and causes downward price pressure on a given cryptocurrency. It is the reason why sometimes a certain coin’s growth is slowed down or stunted in the short term.
What is the Sell Wall strategy?
Wait for the wall to get bought out and passed then enter position on the trade. Through my research, I found that when the price eventually passes this wall, that means a bunch of buying momentum has gone into this coin. Our goal is to ride that wave since the price is no longer being suppressed.
Sell Wall Strategy stats:
Wins: 129
Loss: 25
Win %: 83.77%
Cumulative profit: 776%
Alright, here we go with Day 48 trade #50
I invested 0.08 B into MANA. I bought 7266 @ 1101 satoshi
My Sell targets are:
T1: 1157 5%
SL: 1057
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!