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MANAUSD trade ideas

Quick jump to $2.41?Should MANA break resistance at $2.32, a quick jump to $2.41 can be expected. The market has been a drag across the board. On a good note, MANA has been able to stave off falling below a very critical $2.1950 in recent days, finding strong support at $2.21 area. It is currently on it's way up (again) from $2.21 with hopefully enough conviction to break $2.32. It is important to have this happen soon so that MANA can potentially capitalize further from the attention that "Fashion Week" in Decentraland brings to the metaverse.
BINANCEUS:MANAUSD
by keykomg
Descentraland MANA starting wave 5 of 5 of 3MANA structure is really nice. To end all of wave 3 (green) MANA needs one more high towards 15 - 20, the region of confluence defined by ext 2,382 green, ext 3,00 blue and ext 2,618 white. Wave 5 of 5 of 3 has itself five waves, of which wave 1 and 2 (white) are done. We shall see very soon a nice upside move in MANA. Once this wave 3 green is complete, a wave 4 will send price back to the same level where it is now. i.e. 2.20
BINANCE:MANAUSDLong
by ulrichniederhausser
MANA Bulls say, "No."In an update to yesterday's analysis, MANA chose my first route down. On a good note, it didn't create a rising wedge? I'm just kidding. With all that is going on globally, the economic trends are sentiment-based, day to day. I do think sellers are just as hesitant as buyers are right now. I am sitting tight. I'm lucky I placed my stop loss low enough at $2.49 because it came within $0.02 earlier today and has since posted some long candles of support at the lower trend line. The fact that there were several attempts by bears to sink it below the micro pink ascending channel, the bulls defended it well, in a positive direction and geometry as it continues to swing upwards. The MACD failed to turn positive in its last attempt, earlier today, and is just now making another attempt. I think there will be more or a chance this time given all the wicks and strong support bouncing off a major support line. Then again, Putin shot missiles at the largest nuclear power plant in Europe so who knows...wtf? On a good note, although there is a lot of uncertainty, in the coming session MANA only needs to break $2.92 to rise above the macro descending channel (Orange) from the last ATH whereas yesterday, it was $3.03. I'm still kidding, but this is actually a huge deal. In theory, MANA can break out of the downtrend simply by continuing to consolidate in the current range for the next couple of days...and that's also a statement of the length of the past 3 months of consolidation...for a whole quarter...and that's how crypto goes. Massive increase---retracement/consolidation/price discovery---Massive increase, given more adoption/advancements/Musk tweet OR Furthur downside, given fear indexes/Fed/War/Musk tweet. Something big is going to happen in the next 72 hours. I am keeping my SL where it's been. I am optimistic that Ukraine is going to continue to resist Putin's desires, prolonging the market's indecision, and potentially creating further losses. Oh well, because there are more important things in the world than our portfolios. These are just my thoughts on MANA's current position and not financial advice. Oh, and ignore all the arrows and from yesterday and the Blue ascending channel too...except that it will probably face resistance with indecision should MANA push higher, probably around where it merges with the centerline of the Pink ascending channel?
BINANCEUS:MANAUSDLong
by keykomg
MANA approaches crossroadsMANA is holding support well. Should the blue line break, a drop to $2.57 is imminent. If MANA doesn't break the pink and/or orange resistance, the blue ascending channel turns into a bearish rising wedge with a similar target ($2.60). Don't fret, the pink ascending channel would still be intact. I took my first tour of Decentraland today. It was about time, given the amount of capital I have invested...borderline foolish of me. That being said, I was really impressed with the unfathomable potential in the metaverse.I have a tight stop loss set for $2.49. This is not financial advice. This time tomorrow we will know its trajectory for sure. Volume is low, but a break above $3 should attract buyers. Above $3.03 could send it fast to $3.40-$3.50. Sit tight.
BINANCEUS:MANAUSDLong
by keykomg
MANA, inching closer......to a break out of descending channel at $3. If TA wasn't tricky enough with the Fed. and Covid... In the grand scheme of things, Ukraine should teach us that none of this matters at the end of the day either. That being said, should technical analysis even work when the world is shittin' its bed, the Inverse H&S has a target of $3.40. I'm less impressed with MANA's hype of a fashion show than I was about large corporations and banks opening up shop in Decentraland. However, it at least is showing the world application potential. I've been to a couple of fashion shows in my day and I'm not sure I dig the avatar version over the real thing, this doesn't mean I didn't have a "thing" for Smurfette in my younger days. Good luck. Don't take financial advice from people who talk about Smurfette...
BINANCEUS:MANAUSDLong
by keykomg
3
Time and Date of the GOLDEN BUYING area.the other night i noticed my trend lines werent adding up so i drew up some new ones. Turns out i was looking at a trend reversal several hours before it happened. So i entered into a few trades and set my STop LImit order to hit at around +1000 pips. Seems like its turning out correct so i decided to do some more checking and I HAVE A PREDICTION: And ill even go as far as noting When the moving averages willl cross (Time and date) HOw long we will stay in an up trend (Start Date and END date) Lets see how this plays out. Ive copied it to my Trading View account .tradingview.com/x/8HhwnVbC/
COINBASE:MANAUSDLong
by CoffeeshopCrypto
2
MANA - TO $3.3 - $3.5, LET'S GO! Beautiful Wednesday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== 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. ============================= MANA is, as of this writing, now again battling its 35D MA. What's happening next? A. MANA pushing up past its 35D MA and Blue Horizontal Resistance Bar could bring price back up to $3.3 - $3.5 @ the 50% and 61.8 % Fibs. Got my eye on $4.22! B. MANA getting rejected by its 35D MA again will bring it down towards the Green Horizontal Support Bar @ $2.4 - $2.3, and further dipping could bring MANA to $2.21 C. MANA could range (go sideways) between the Blue Horizontal Bar and Green Horizontal Bar before another big move. Stoch RSI (1Wk TF): Huge upside potential! What's your strategy with each type of scenario? Let me know, write your comments below. In any case, just remember to always place your Stop Loss. Price action is KING! 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
COINBASE:MANAUSD
by RSibayan
MANA / USD 1 hour chart patterns -waiting for the bottom.I feel just by the nature of opportunity there should be more downside. if i was a market maker i would take advantage of all the unknowns in the air and push the entire market down with shorts. (I personally do not short. I buy and hold and buy and sell.) but i can see the structure. Same fear and greed. and these people are often the same as the ones who drive pumps. We all love those. It seems manipulative, and it is, but it exists in all markets as does all criminal activity. It is the energy that keeps the wave patterns moving . I think the Government oversight groups into crypto should be the same as any financial item that you own and pay taxes on. I think Right now that is the Department of Treasury. They would benefit greatly if they just simply added crypto to the treasure of the treasury. The fact that they print money and make money off of making money is a bit of a relic. From the 2021 budget - "including $1,030.0 million in Bureau of Engraving and Printing (BEP) costs and $65.8 million in Board costs. The increase is primarily for higher banknote printing costs due to the demand for cash that followed the onset of the COVID-19 pandemic" The basic functions of the Department of the Treasury include: Producing all currency and coinage of the U.S.; Collecting taxes, duties and money paid to and due to the U.S.; Paying all bills of the U.S.; Managing the federal finances; Managing government accounts and the United States public debt; Supervising national banks and thrift institutions; Advising on domestic and international financial, monetary, economic, trade and tax policy (fiscal policy being the sum of these); Enforcing federal finance and tax laws; Investigating and prosecuting tax evaders; Publishing statistical reports. Crypto could turn all of that around. Smart contracts will give more control. the game market and the Meta World tokens will be monitored through these cross platform transactions or when converted to USD coin. In that world i can have and use Mana all i Want in VR worlds and VR assets and only pay taxes when i transfer gain to USD whatever. These are my hopes in my thinking of the Crytpo world. I Probably wont keep mana though. But will buy and sell if i see action. that currency climbing is the important part of the US stable coin.
COINBASE:MANAUSD
by mindfree
5
MANA has fallen to an important zone, what next?Indeed the market has been on a free fall. Mana is getting its share of the effect of gravity. Mana has formed an important pattern "M"... this asset is sitting at an important zone which is the neck of the M-pattern. Looking at my TA, is either MANA breaks through the trendline at the neck of the pattern or the support at that zone holds. Possibilities. 1. The bearish run continues,  break through the trendline and ride to $2.4 zone 2. The support level holds and the bull come back to push this asset to $2.8 -$3 levels. Warning: RISK MANAGEMENT IS IMPORTANT.  🙏🙏Thanks for coming around.. I will appreciate your like, COMMENTS and follow.
COINBASE:MANAUSDLong
by ForexClinik
MANA TRADING PLAN;Nobody looks at this BIG UPCHANNEL & M-patternMANA already BO of ABC downtrend line & is now retesting the lower edge of this BIG up\channel. After 7 continuous red candles making a M-pattern. This bullish pattern may stop the decline & make a possible bounce on the channel low. (No sign of bounce yet but RSI is OVERSOLD). A bounce will give bulls a chance to make a short term higher high going into the bigger green 3.9 to 4.5 zone.(we will already have a higher low IF it bounces soon) BE CAUTIOUS as we are still in medium term downtrend although long term uptrend.(remember the BIG CHANNEL). BO from this Channel may send it down to retest the 4H ema20 halt reversal buy at 2.17 or even further down to retest the ABC bottom at 1.7. Overall the risk to reward ratio is attractive as MANA is still consolidating in the lowest quarant of this BIG CHANNEL. Not trading advice but hope this guides someone in need. May the MARKET be with you always!
BINANCE:MANAUSDLong
by xtremerider8