MANA to $3.811MANA is in a descending triangle
Two rejections at 0.236 and 0.382 fib retracement
If bitcoin behaves MANA may reach 0.5 to 0.618 fib retracement in a week or two
MANAUSD.P trade ideas
Decentraland shortDecentraland broke trough the support area . Asset broke trough the ascending trendline. Bearish movement to support level at 2.05 is expected to happen.
Perfect Scalp Drawing in ManaThere's a big possibility that the MANA is going to lean on .985 on the first week of MARCH
MANAUSDT Short #mana #DecentralandShort positon.
Pattern: W-Formation on the daily within Rising Wedge on the weekly
MATIC very near BUYZONEMATIC is now trying to go above dma20 middle of a Bollinger Band that is pointing upwards now.
A break above & hold of dma20 is a BUY signal.
Stocks & RSI have also turned upwards.
Price looks likely to reclaim the uptrend line.
It may BO small resistance line just above which will be very bullish
Not trading advice
MANA trend resversalMana has finally changed its trend with enhancing volumes, might see it touching level on 5 within 2 months.
MANA just BO of Cloud above ALL DMAs; new ELLIOTT cycle begun?Mana just broke out of cloud & the violet dma 100 & is now technically above all short & long term moving averages all properly sequenced except this dma 100 but it will soon.
BO of the long downtrend line early FEB may have confirmed the bottom for ABC correction & MANA is now
In the new ELLIOTT WAVE cycle.
It bounced with a big green candle from the pink dma 20 launching it past the cloud.
Bollinger Band & all the DMAs pointing upwards except the green dma 50 but it will change quickly.
How CLOSE can we get to an uptrend?
Not trading advice.
A Tour of JP Morgan's Onyx Lounge in DecentralandA quick look at the new Onyx Lounge by JP Morgan in Decentraland (MANA) and where the existing economic activities in the metaverse are. (It might not be what you think.)
MANA in Pennant consolidationMANA is consolidating in a bull pennant at the descending trend resistance.
I am watching for a bullish breakout very soon. As long as the move occurs before the 1H SQUEEZE drops below, KAVA should pump.
Flag target is near $4
Good Luck
Buy MANA !!LONG position on MANA. The chart looks very bullish we had a golden cross on MAs and RSI is going up. Placing a fibonacci extension we will target the upper level today.
MANA - is Heading NorthMana has already initiated the upside movement, watch it unfolding....
30 days forecast = TP1
Like this idea?....Please do a thumbs up.
Thank you for watching.
MANA RetestCurrently experiencing a retest of the rising wedge, hopefully we will break back into the wedge making a bullish case scenario opening an opportunity to open a long position to the top of the wedge. However we could get rejected and retest the previous support. All depends on which direction Bitcoin is going to choose.
Mana to $5 path
Potential inverse head and shoulders on the 4hr and 1D chart. If it breaks above $3.5, we are going to have massive buy pressure until $5 level
do your own research before going on trades. This is my personal idea
HODL Mana folks, good stuff ahead
MANA - RIDING ITS 35MA AND SUPPORT BAR! What's Going On?Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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MANA pursued this retracement and has now touched its 35MA. MANA's 35MA is quite significant for the past few months since December as MANA trade against it mutliple times and had found rejection from it.
As of this writing, MANA is now sitting on its 35MA and is interacting with it again with confluence of the Green Bar as support (previously resistance and support) @ the 38.2% Fib at $2.8467.
So, what's happening next?
A. If MANA pushes further upwards, the immediate target is the 50% Fib Level above @ $3.6405. Further upside price action could bring MANA towards the 61.8% Fib @ $3.8577.
B. Further retracement from here could bring MANA down to the 50% Fib below @ $2.6295 and further down toward the Golden Fib Ratio of 61.8% @ $2.4122. Refer to other Fib levels if MANA dips deeper.
MACD: Crossing Bearish
Stoch RSI (1Wk TF): Oversold Region, Bullish Cross still present as of this writing
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
MANA 15 min Chart - FEB 13-14 - FED Reaction watchMANA also seems to be building up pressure. I think either way it goes tomorrow this is where i look at use case. my child introduced me to the power of game spending when i got an amex call saying they just spent 2000 on some gems to buy an outfit for a new character. This market is riding the crypto wave but is Powered by the gaming generation and has a solid reason to belief value. The fed is almost using these meeting announcements as market manipulation and honestly i wouldn't mind if they would write some bills that allow then to invest and make money and that has to go directly towards the national debt. Otherwise they skirt to much towards their own pocket and not the countries. we should be allowed, as a country, to hire a new finance manager. I vote Bitcoin.
MANA Prediction, the formation of 2 different shapesFrom what I can see now on MANA is the formation of cup & handle about to finish either from this price level at $2.90 or it may go little bit further down to the price level between $2.59 - $2.57 which I strongly believe could happen due to the formation of another signal (the Head & 2 Shoulders) supporting my idea as you can see clearly on the chart. After that we could see the price going all the way up. Just remember, this is not an advice or a recommendation to buy, sell, or hold, its all your own decision and choice. Thanks to all.
MANA ANALYSISDecentraland is a 3D virtual world browser-based platform Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency, which uses the Ethereum blockchain. It was opened to the public in February 2020, and is overseen by the nonprofit Decentraland Foundation.
Users can develop the land by using the Decentraland's own editor, or importing 3D models from external software. Cosmetic gear, like t-shirts and hats, can be traded.
Mana long$MANA has broken the resistance level and now turned it into a support buy bouncing off the level for two times. Bullish movement to next resistance level at 3,93 is possible to happen next.
Mana, the head of the Metaverse.The following content is machine translation:
V reverse pattern, reversing.
It has pulled back in the past two days, and it has been supported and rebounded near the previous resistance level of 3.1.
The trend is bullish with a target near $4.
Break 3 stops.
Decentraland MANA 23% drop or 60% pumpHello all. Looking at MANAUSD on the weekly timeframe, we see that this coin has broken bearish out of the (white) falling channel/descending channel.
Currently MANA is inside the green up-trending/ascending channel. On the daily as well as on the weekly mana failed to break above the $3.5 psychological price barrier. Currently mana is due to a retest and here are the scenarios where and why the price can go next.
Bearish scenario: If mana fails to break above $3.5, I would expect mana to retest the bottom of the channel at around $2.5. This is where the daily 200 EMA is currently. From the current price to the bottom of the channel it is a 24% drop.
Bullish scenario: In case mana break above $3.5, I would look for the price to reach first the fibonacci golden pocket at $4.3-$4.5, and then $5.9 the top of the channel. From the current price to the top of the channel it is a 60% up.
The stochastic RSI is very bullish, as it has never been so oversold and with a reading below 20.
Thanks for reading, and stay tuned. Enjoy.
