Mana - A Bull PathIn scenario a 2H Higher Low would be set and the right shoulder of an iH&S would form, challenging the neckline. The bear path sees a loss of the wedge and a bear back-test to a Lower Low.
MANAUSD.P trade ideas
MANA Wyckoff ReaccumulationTo me this looks a lot like Wyckoff's reaccumulation on MANA. I think we are nearing a second cross of the creek. Once we break into the resistance zone (deep red), that should be the sign we are headed toward LPS & SOS, marking the next leg up.
MANA watch Bull Flag breakoutMANA has encountered resistance at upper level of FLAG.
Watch for confirmed breakout for entry. My Target is $5
MANA - No reason to panic!Hi all,
We all know that the crypto market strongly correlates with the performance of BTC. When waking up this morning (at least in my timezone) I saw a little crash from BTC which now trades in the low 60's. What usually happens is that when BTC dips, the Alts dip even harder.
Though, its important to understand how far such a dip goes and which levels it reaches, or does not reach. For MANA there is one key level which functions as a resistance when trading below it, and a support when trading above it. This is the level from $3,00 till $3.10
When looking at the chart we see that the support has taken some serious punches but that it still managed to keep the candle closing within the support. It was tough, but that it held is whats counts.
It looks like BTC is slowly making its way back up as its making higher lows on the 1h chart. The same goes for MANA. I have published my view on the 1H chart here as it show how well the support did its job.
I personally think there is not much reason to panic and we will see prices above $4 in the coming days. Though as always, that is my personal view on the chart and market situation and in any case not financial advice.
Happy trading!
Mana Testing Wedge Pattern POC - powered by Fibonacci GeometryCurrent Pattern: Wedge
Status: Testing Lower Bound
Support: Pattern POC
Linear Support: .618
Pattern Profile: Compression
Mana decentralandUndeniable . Decentraland holding strong . Name change of FB to Meta we seen great spike retest. Now mana testing higher. More interest in meta will only support mana. Nfts raising and profit booming on virtual land, more use for mana… mana is a good hold.
mana to return to channel - no breakoutmana to return to channel - no breakout. this is due to the relationship of the previous highs.
When to buy MANA ? 200% Potential.looking at the daily chart mana stays above 50 EMA and in the over sold RSI territory. It is little early to buy mana at this point where it hit its ATH and is due to establishing a key support. In my opinion the best entry for mana is around $1.65 which corresponds with the 50 EMA on daily chart. Long term price target based on Fib retracement at 1.68 will put us at 200% gain. This fib level is also supported by the bull flag measured move and also by the ascending channel pattern. I think Mana will have a short term correction so keep an eye at $3.15 and $3 for support.
MANA pullback completed - next up $4.84After the breakout MANA has traded as high as $3,80 where it also bounced on the 0.382 fibonacci. A retracment followed but has been stopped by the key support level of $3.10 (green bar in the chart)
So far it looks like the support is doing a good job keeping the price above it. I have taken my position at $3.23 and will be targeting $4.84 on the 0.618 fibonacci level.
As always: this is not financial advice
$MANA KINGS CROWN BREAKOUTPair has done a 2200% to the upside, still indicating more impulsive move to the upside on H2 with a kings crown pattern.
Buy zone 61.8 Fib Level.
The volotility game is awesome with this new mana price!!!Very profitable day trade while its above 3$ and moving fast!
MANA! TP reachedWe getting some great % gains! Hope you take some!
Feel free to keep holding or sell and buy on the dip.
Compound Gains makes a Difference. SHIB it might go as well don’t miss the set up.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
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What will be the next move of MANA after it breaks the pattern ?MANA In 4H time frame appears with a Descending triangle pattern, with it's resistance as above trendline and the support zone
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* Price above the resistance is bullish .
MANAUSD: Heading to the next ATH?Indicator use: R/S Line Test, TTM Squeeze, Volume, Price Action, 10 + 20 EMA
Platform: Coinbase Pro
Time Frame Used: 4h
Entry: $2.92 LONG
Exit: Scale out 50% of position to take back principal + profits as it hits 100%
Stop: 15% Stop Loss Set
MANA cleared the previous resistance at around $2.95 price level, keep in mind the Volume is still low so this could be a fake breakout as it is retesting the resistance again to clear the ceiling. The market is bullish as MANA gives exposure the Metaverse. As you can see the 10 EMA made its cross over the 21 EMA to the upside. I'm watching for continuation as this coin is showing relative strength while the rest of the market is experiencing a healthy pull back. If it clears then we may see a new ATH as it appears this is an accumulation phase still.
My strategy is to always scale out and take profits to expand my portfolio and go in cash to enter on the next dip.
Mana long#MANA is showing bullish strength after almost two weeks of retracement. Descending trendline and the resistance level were broken. Bullish movement to ATH at 4,95 is possible.
MANA Reaccumulation Shaping Up NicelyMANA is still consolidating, but things should be wrapping up soon to make way for new advancements. Monitoring this one closely.
*Full-time Wyckoffian VSA cryptocurrency investor and swing trader since 2017. I regularly seek out the most lucrative swings on all major crypto exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and simple Fibonacci target zones.
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I review hundreds of coins & tokens daily and handpick all the runners myself (no bot signals). Good luck and safe trading to all.
** Not financial advice. Trade at your own risk.
Flag Breakout ImminentMassive move w/ Metaverse coins taking off following Facebook news. Flag consolidation w/ volume drying up (selling pressure subsiding) and hidden bullish RSI divergence.
Additionally, RBLX, a metaverse stock, +34% to hit ATHs today which gives the Metaverse continued momentum. CEO is on CNBC tonight.
Think the animal spirits reawaken soon and we breakout to retest the ATHs
MANA Ready for another run?MANA has a breakout from a bull flag consolidation.
Target is $5.40
Good Luck
Mana - A Bat for Decentraland After a falling wedge price took off to the upside. Watching the formation of a pennant.
MANA... almost ready for some major moves.This token is an example of what is useful in the crypto space. Most others apart from ethereum and ada are a waste of time.
Retest of the higher 4usd might be in the works.
Not trading advise but purely for fun:)
Buy MANA at 2.0?I've been interested in MANA for a while. It had a recent pop from the metaverse news and is settling back down. It looks like 2.0 may be a good price point for buying in since it seems to be in a falling pennant, but I think it will do well in the long run.
