$MANA finding supportMANA is currently using the 50 day MA as support.
It is oversold on the RSI. MACD’s histogram and lines are curling upward.
People are saying web 3 and all this meta verse stuff is overcooked but it is the future.
MANAUSD trade ideas
MANA testing supportMANA has been falling in price for a long time, this is due to the situation with BTC, the strong influence of BTC often changes the trend of other cryptocurrencies, so you need to use stop loss
Setting up perfectly. To break $5 next?I love this chart and should thank the mana market for making me look good. One thing I like about charts, especially for beginners, is that it settles one's nerves. Tokens drop, a lot, but a chart is a good way for beginners to see the map and not panic...because it is anticipated. I always emphasize to beginners that there are no straight lines, up or down, in trading. And most importantly, don't panic. If you are panicking, you are probably risking too much capital and it is an indication that you are emotionally attached to your trading. I've never been divorced, but I hear emotions will lead to losing 1/2 your money.
You can see this chart from the other day is filling in, perfectly, even as a function of time, relatively. I just circled (red) all the handles. The current one is making the perfect triangle for the next leg up. One thing to note with low volume: triangle (handle in this case) may turn into a short-term descending channel before breaking out...they scare me a little because they can sometimes turn into a trend reversal as a result of the lower volume. I put the descending channel in light blue just to show you what it "could" look like. I am ignoring it for now. These are just ideas and not financial advice.
Lastly, to new traders and tweakers: Be careful. If you are investing and not trading, don't look at the chart every day...you'll go crazy. If you are learning to trade, don't use real money and practice first. There are sooo many methods to charting: E. Wave, Triangles that form ladders, Fibonacci, Clouds, etc...they are all analyzing the same data and for the most part are predicting the same end game. It is important to use several methods as a means of "confirmation" of ideas. The more support for an idea gives the idea more credibility. The cups are shapes of movement, whether the patterns are H&Shoulders, wedges, etc... I choose to illustrate with them because of their sexy curves.
mana getting ready to move Mara is about to get ready to move in wave-c, once correction is over, its gonna fall
Its a keepsakeWhat do you see here friends?
Guess It...
Yes it's ignorance.
When market need reform with falling price and they don't let to be.
So what do you see?ye stupids.
don't report me I'm analys master😂
with different speaking
MANA/USD, 1D CHART , COINBASEFind out here support and resistance of DECENTRALAND {MANA}
facing resistance at $3.95 - $4.05 [@ Fibonacci golden ration 0.618 }
closing above { fib ratio 0.618 } that is above $4 then our next target will be $4.80 -$5
support at $3.33 { fibonacci 0.5 }
critical support would be $2.72 {fibonacci 0.382 }
Important notice :-- This is not a piece of financial advice ,all investment made by me are under my own risk and i am only responsible for my own profit and losses.
So please do your own research before investing .
MANAUSD- Cautious buyMANAUSD starts showing negative move as the MA-10 is closing in on MA-30. However, the stochastic RSI seems low, but it's negative.
I feel we should buy near GANN support.
BUY on dips 3.30-3.50 for move > 4.00.
Bullish an bearish caseThose are two possible scenarios by using Elliot Waves
Make your own analysis and compare with this and other ideas to make a decision.
This is not financial advice.
Success for every one
MANA 30% move incomingHello all. There is no major change in mana chart since my last update so i will keep this short.
Mana has formed a symmetrical triangle which is more vivd on the 4hr chart. This pattern has equal chances of breaking upside or downside. The apex of the triangle is very close, and will break on or around December 10th.
Depending on BTC's performance, Mana will either break up towards the fib golden pocket, or retest the previous low.
But what an over sold RSI we have on the daily. Makes me want to open more longs.
Mana also trades above the purple resistance line of the descending channel and above the 50 day EMA.
I see equal chances of breaking upside or downside so be cautious on this one.
Check out my other charts on mana if you missed my previous updates.
Thanks for reading, and stay tuned. Enjoy.
MANA - Horizontal TriangleBreakout either to the downside or upside.
200EMA up ahead, possibly price may remain below it.
DPT:
3.25
2.87
2.62
UPT:
4.35
4.73
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
MANAUSD (4H) Bullish reversalHi Traders
MANAUSD (4H Timeframe)
Waiting for the upward break of 4.25 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 3.22 would cancel the bullish scenario.
Trade details
Entry: 4.25
Stop loss: 3.22
Take profit 1: 4.87
Take profit 2: 5.89
Score: 6
Strategy: Bullish reversal
Daily Crypto Market Update - Some Big Changes!In this video:
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* Big update to my subscription service! Now all paid members can trade along with me!
Mana long$MANA #DECENTRALAND bounced off the long term support line and broke through the descending trendline. Bullish trend will likely continue up to rsistance at 5,91 $
MANA in a pitchfork, starting wave 5, targeting $10? MANA appears to be inside a pitchfork establishing support and resistance zones.
A-B-C correction may be completed.
Look at the fib levels and the profit targets ($7, $8, $10)
Trendline breakout in progress, watch $4.30, that could induce PAMP.
Good Luck
Huge swings and new target on MANA !Following two potential supply zone which are 3.20 and 3.50
Target point is 4.50
MANA at support?Watch for MANA to confirm support at this range.
If lost then MANA could test lower level of flag.
Good Luck
Watch out! MANA is forming a rising wedge (Bearish)BINANCE:MANAUSD is forming a rising wedge which typically has bearish implications. If it breaks down from here and gives a daily close below the lower channel line of the wedge then prices may potentially fall below 2. No harm done till the channel isn't broken on a closing basis. Keep an eye!
MANA. Git sum.MANA.
Boy oh boy. What a move. And THIS- my friends- is why I LOVE fibs so much. What a move up with the FB Metaverse news, but what is even neater is how we have managed to so beautifully retrace this move. With the parabolic move up came a nearly just as fast retracement; HOWEVER, we held the important fib pivots nearly perfectly. First trading right back to halfback and then ping-ponging up to touch the 0.618 extension and then down to the 0.382 and end up back at the 0.618 extension today. Hard to imagine this entire move has happened in barely more than a week, but such is life in the cryptosphere! We may just see it continue to bounce around these levels for a bit longer while we build up some more pressure here to be able to go for another run. We could also attempt to reclaim the 0.618 on a daily close and try to shoot off some more right away, but more likely that we move around this level for a bit before continuing higher. And this would be a good thing to help give the eventual push up move more juice in the engine.
I have long-term HODL on this along with an intermediate time-frame swing that I did take half profit off at the 0.618 extension this am. Will keep the other half on just in case it does decide to shoot off again, but have orders to get back in the full swing size. 50% at the halfback $2.85 and 50% at $2.40. No clue if or when they will fill, but the orders are there just in case they do and the plan is in place.
My long-term MANA I may never sell....lol.... I anticipate great things here, but as always I always reserve the right to change my mind whenever I want and as often as I want. These are just my 2 cents and a nickel, take them or leave them 😉
Play-to-Earn, The Metaverse, and Emerging Markets ($MANA, $SAND)Play-to-earn games have been gaining a lot of traction lately, but how it does fit into the "metaverse" and its upcoming growth trajectories? An underlying trend worth looking at, imo.
Russian Dolls, cont......With their accuracy, they should be more like Swiss dolls. I put this idea out there yesterday...so refer to that. I had indicated on yesterday's post/chart, needing to adjust the idea to fit the chart once we dipped again because at the very least we had to dip to confirm support...just didn't know if MANA was going to go for the $2.80 or $0.75 zone. It still may, but based upon last night's low, here is where we are at. So far, the purple and orange are playing out. The dashed green line is based on the trend line from the ATH's. The crazy fib. was for fun...it's the extension from the previous Bull run. You'll notice these cups are pretty close and spot on for a couple...weird...but that's what made it fun. Crypto is fluid...adjustments all the time, especially when making short-term ideas. These are just ideas in which the 1st two have already played out since last night, not financial advice. There is no way to read this as a function of time.
MANA looking bullish. $5 next.Hello all. There is no significant change in mana chart since my last update so i will keep this short. You can read more in my previous post attached below.
Looking at MANA on daily chart, the stochastic rsi is in the over sold territory which is a bullish sign. Mana trades inside the ascending channel and can retest the top of the channel (resistance line) at around $5.9 which was is the current all time high.
Mana also manages to remain above the previous high over $3.5, and also above the 50 day EMA. Candle wicks indicate that mana gets bought once it tries pushing below $3.5.This means that mana found strong support at $3.5 and right at the 50 EMA.
Mana will reach $4 this week due to the bullish sentiment i see in the market.
Check out the link below if you missed the drop.
Thanks for reading, and stay tuned. Enjoy.
