MANA/BTC Ready to ship to the MOONHi Seildev here
Tonight, we’re looking at MANA/BTC pair.
It’s formed out of a symmetrical triangle, cup, and bullish flag .
Targets:
- Target 1 @ 0.00000800
- Target 2 @ 0.00000986
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.
MANABTC trade ideas
Undervalued MANA/BTCMANA/BTC is currently on the bottom of it´s trendline, bounce is possible for continue of uptrend. Here you have two types of investment strategy:
Conservative:
TP1: 0,00000800 (previous resistance zone)
TP2: 0,00000900 (previous top)
TP3: 0,00001100 (highest target based on angle of previous rises)
Agressive:
TP: 0,00001100
SL should be set at 0,00000500 (if the support line gets broken
#MANABTC #daytrading taking profit with 2 different time framesThis is very similar to my previous post.
The top demand zone is only seen on the 15 minute chart, and the bottom one on the 60 min. The smaller time frame provides more granularity to the candles, so the base (1 or more short doji-like candles) appears from within the bottom of those large candle bodies on the higher time frame. A ripple appears where before it was smooth.
It's imperative to check price levels for zones in all time frames. The higher the time frame (min - hour - day - ...) the stronger the zone, in general.
Right now, my open order is placed at the bottom stop loss, because I don't want to miss out on any high flying action. I am willing to withstand the extra volatility risk to a portion of my current profits and accept either outcome (losing profits and hitting the stop loss, or going higher and forming another base). This trade complies with all aspects of my trade plan (if you don't have one, you need it).
Potential Propulsion Off Support Line (MANA/USD)
After gaining mainstream media attention, MANA has gradually made its way into the top 100 coins by market cap, and now almost among the top 50. From the technical analysis standpoint, this is a crucial support line that has been intact for almost two-weeks, hence optimistically, I would expect a bounce off this support line towards a new all time high. However, a breakdown from this long standing support line will pull MANA down towards the 0.618 Fibonacci retracement from the previous high at around 426 to 505, which would also serve as a strong entry level to add towards the position.
First Target: 1052
Second Target: 1327
DECENTRALAND - Buy opportunity - Easy for beginnersGood day my friends, let's take a look at decentraland.
The chart is pretty self-explanatory. We don't know if the uptrend is over (if yes, we are in a downtrend and it will show when it breaks the side way consolidation. This means we can have a tight stoploss and this is why it is easy for beginners).
On the other hand, if we are still in an uptrend, this is a very good position to buy.
Entry is the yellow box.
I hope you find this information helpful :)
Decentraland? New Highs I SeeHeard of this coin maybe once because I saw that it gained a lot weeks ago. Literally know nothing about this coin. But my indicators tell me a lot. I literally JUST noticed what was going on here. Was reluctant to release this one publicly but I'm feeling more confident. I bought at around 588 satoshi when I noticed and have been laddering buys since.
This thing is about to BREAK. And don't feel to pressured to buy in just yet. I don't feel a lot of pressure for it to bounce up right now. A true hard off of the 55 is still possible. I don't know how high it will get just yet, there may be a possible false break out. So watch the volume! But it's going up soon. Look at what the chart describes. Just by eye balling it, I think we are on course for a subwave 5 and we finished 3. But if this thing breaks with volume I will update on a wave count and give specific targets.
I noticed the lack of volume and nice little descending triangle with a good support line at the 55 EMA. I don't think it will go under the 3hr 55 EMA until after this next outbreak occurs. I'm feeling very positive about this.
Good luck!
$MANA Decentraland Running Wedge to 1600 sat. (7 to 14 days)First ever virtual reality land auction beginning Dec. 15 and ending Dec. 23 with an estimated $20M USD in land transactions. Expect significant financial press releases (e.g. WSJ, CNBC, Bloomberg etc.). 10% $MANA coin burn following auction.