MANABTC trade ideas
Decentraland (MANA) Easy 111%+ MappedWhat goes down must go back up... This is true when it comes to the altcoins within the cryptocurrency markets.
We saw MANABTC (Decentraland) break below the 0.786 Fib. retracement support level just to quickly move back up.
This is a very strong bullish signal.
You can say that the weak hands have been removed.
MANABTC Chart Signals
Here we have a MACD bullish cross.
The RSI trending up strong reaching 50.
MANABTC now trading above EMA10 and EMA21 (candle closure is needed for confirmation/early signal).
And we have other altcoins starting to grow.
As an additional bullish signal, we knew that the altcoins market was getting ready to move big UP/GREEN.
Now that we are seeing some altcoins waking up, we can take it as a clear signal that the bulls are no longer asleep but instead, they want to take back control.
The bulls getting back in control signals big profits, big gains... The bearish wave is now done.
You can find the 100%+ target clearly marked on the chart.
Remember to hit LIKE for more.
Namaste.
MANABTC trying to have a breakout 🦐MANABTC trying to have a breakout after a nice bounce on the weekly chart.
📰 In the past week, MANA has been listed in Coinbase
IF the price will have a breakout upward and flip dynamic and static resistance as support, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
MANA-BTC IS THIS AN ACCOMULATION SPOT? are NFT'S ready to boom ?Decentraland is a game infrastructure supporting NFT's to buy land and other assets. As NFT's might be the next boom sector I'm bullish in this project. Although I tried the game and there isn't many gamers I expect this project to grow with the next NTF BOOM as it might gain more exposure to the gaming public.
Also the TA, looks good to me, what do you guys thing. Let me know in the comments below ??
MANA PREPARING FOR MOON RIDE #MANA UPDATE :-
> Falling Wedge Breakout Done With Black Line
> Descending channel Breakout Going On
> Perfect Cup & Handle Pattern
> After Breakout Of Cup & Handle Resistance Level Will Be Super Bullish.
If BTC Drama Will Not Start incoming Day's then #MANA Can Go For Big Move.
Trade With Wisely & Safety
Don't Trade Blindly
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
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Favorable TA coupled with NFT wave narrative for MANABullish penant has formed and consistently held throughout both the dump and subsequent pump of BTC which obliterated most altcoins. MANA is one of the very few coins that has not retraced significantly during the altcoin bloodbath having formed a strong pennant. Record volumes also preceded formation of the pennant, suggesting a huge volume of MANA changing hands and importantly the new buyers being highly confident in the upward potential of MANA. The new wave of NFT token narrative and MANA being the most popular decentralized protocol for NFT and VR-based assets, it is clear it is the frontrunner for the big money to ride the wave of NFT tokens. Grayscale backing further serves as a seal of quality for institutional players to participate. TA indicates the potential to reach north of 2200 sats within Q4 2020.
How to trade EMA
How to trade EMA
timeframe : 4 hour
Chart : MANABTC
price is holding 100 EMA (7 candle holding perfectly)
Good bounce off EMA 100 that's the good sign .. sideway accumulation complete
Bounce is confirmation wait for retest ( we made bounce they are ready to move pump it added many new buyer and than again dump it and after filing order taking it higher )
>buy retest of breakout of the bounce
make profit
MANABTC Correction is OverSo, by looking at MANABTC chart I see that after huge price increase MANABTC had correction and it perfectly ended on 0.386 Fib level. Now uptrend should continue and first obstacle here is 850 level, if bulls manage break that resistance level then we will have strong bullish movement towards new highs, in opposite case we may see more retrace or consolidation.
Good luck with this trade !
MANABTC Bullish PennantFollowing my previous post on MANAUSD-4h bais, on a daily basis MANABTC has a Bullish Pennant.
The first profit target as at Fibo-1 if the Bull start to move, and we can expect a resistance, so keep an eye on the indicators.
The next target will be Fibo-1.6 which we can expect the a heavy resistance and reversal of the trend.
And the Next Big resistance is expected for Fibo-2.6 based on the peak history of MANABTC.
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
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JUST FOR EDUCATIONAL PURPOSE
ManaBtc Trading opportunityManabtc set for good move, I will focus more on the Buy zone for potential accumulation opportunity since price trading with potential W pattern
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