MANA - Hold!!!! Don't Panic SellMANA is on wave E of ABCDE correction pattern. After the correction is done, we will see a bull run to re-test area $4.96-$5.
MANAUSD trade ideas
Up to date
Now the pattern appears to be complete. It seems to be just a question of time and, still most important, a question of keeping emotions balanced.
Mana / US Dollar SimulationMONITORING MODE IDEA
Simulation based on fibonacci marked fractal.
Steepest fibs are more related to TIMEFIBS than the rest.
Subjective targets of the whole masses of market are at intersections of black lines.
Check how valid your target is within the simulation.
Evergrande vs Decentraland - Virtual vs Real EstateWhat's the correlation between real-estate and virtual-estate? A picture is worth a thousand words.
MANA Bullflag on 4H - compared to FTM a few weeks agoMany analysts see a falling wedge on the 4H chart of MANA/USD, though I see a big bullflag which has formed itself over the past few days. Of course I could be wrong but I exect the price to drop just one more time to approx 2.62 before it goes up again and breaks out.
For reference I have added the bullflag on FTM to the left in orange. I will be watching the price development closely and will try to take my position in the beforementioned price.
NFA!
MANA triangle patternMANA presenting a triangle pattern, be ready for price breakouts outside of the triangle.
MANA - HUGE triangle on the 4H chartUsing the same chart but analysing the trend on the 4H view, it seems that MANA has formed a huge bullish triangle and is about to break out. Before the big price explosing around a week ago, MANA also had formed a similar pattern when it was still trading below $1. As people say, the future does not repeat itself, but it tends to rhyme.
Please note: This is not financial advise!
This can be a possible scenario for the next daysThe EW analysis shows Mana is ready to go again. This is not financial advice.
"I need more mana!" Hi everyone,
Mana is looking bullish as it touched the 61.8 fib level and made a nice jump recently. The coin is now making a slow descending channel which is a possible indication for the next move up very soon.
MANA NEXT WAVE UP ABOUT TO STARTAfter a 600% move up last week, MANA looks to make another run with a near 3X return off the retracement lows.
4HR MacD is curling up and ready to cross. BTC chart pair looks great as well.
Take profit levels would be $3.95, $4.95, and $6.80
Personally, I believe it will reach all the way to $6.80, which is my measured move and just above the 1.618 extension.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Decentraland (MANA): more upside to be expected (soon)Decentraland broke out of the bullish pennant on the 1hr time frame and is making a nice flag above the upper trend line. It looks great for another buy.
Not convinced of a massive rise just yetThough MANA has broken through a descending wedge, we can see that volume is pretty low for this rise AND we can see that the White Energy has been above the Green for this whole rise, as well as crossing the Red line moving downward.
Ultimately I can see MANA rising substantially in price as vr takes hold of our collective psyche, but I do not think the massive rise will be coming now unless Btc and Shiba really take off and people start putting profit into this new potential gain maker.
As this is just the 4hr I can see in the coming days or weeks having a larger upswing.
MANA Breakout confirmed - $6 next? MANA finally broke out of the falling wedge after moving within the pattern for a few days. Now that the price finally managed to break out above the trend line the next challenge is to pass the resistance around $3. When looking on the 1H chart the price did not manage to close above $3, despite reaching $3.08 for a moment. There is a small possibility that the price drops until the trendline before bouncing back up again.
I have taken my position at $2,71 and will be targeting to take profit around $6. If the pump is similar to the previous pump we might even see $8,35 even though I believe that is too much wishful thinking. Depending on how the chart develops itself I will determine where to take (partial) profit.
How to read the chart:
- Red bars are resistances - these will turn into supports once the price breaks above it
- Horizontal lines are fibonacci extension lines showing where potential upcoming resistances are and where I could take profit (usually a bit below the fibo line)
- The arrow shows how i believe the price will develop over the coming days
- The horizontal dotted line is where I have entered a position
Please note: this is not financial advise, but only my personal analysis and idea :)
MANA won't stopBig falling wedge has broken out.
MACD rolling up but has yet to cross over (4hr view)
RSI is moving upward
Fib levels are resistance levels. Take profits at these levels.
Green arrow measurement comes from the flagpole (measured from from ~0.75 to ATH)
The 8MA is about to cross over the 21 MA from below with increasing volume
Stop loss at ~2.4 seems reasonable
~6.6 would be top target
NFA
MANA! Swing trade Mana is looking like finally looking like breaking out.
Don’t miss this bad boy.
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
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MANA - Clean Breakout, Whats Next?This is a nice short term parabola on MANA. That was followed by a 'by-the-books' breakout and retracement to the 62% fib level, followed by consolidation within a falling wedge and subsequent breakout that is currently fighting the 50% fib level.
This looks like it wants to bounce around support/resist levels a bit to decide how bullish it is. I suspect given the current sentiment in the market that Mana could have more upside, and the wedge itself is a bullish pattern, but ADX and MACD also indicate bulls waning in strength. This resistance at the 50% fib level is key for bulls in the short term, MACD indicates the possibility of further downside in the very near term if bulls can't mount a rally.
I will keep an eye on the price action against those levels, and the MACD to see how it responds to a possible bullish cross in the coming day(s). I think that will give us a clear indication of which direction MANA is going.
MANA/USD broke out of wedge(bullish)Hello traders ! Mana just broke out of giga falling wedge this coin can go a lot higher than you can even imagine ! The huge META hype around ! Remember the trend is your friend until the end
Decentraland - MANA - Metaverse coin ready to roll? Decentraland - MANA - Metaverse coin. Finding support at 61.8 fibonacci retracement. Set up for upward movement. Stop loss identified. Target Levels identified. We will see? Edutainment Purposes Only! Technical analysis does not take Fundamentals or News into account!
Just a thoughtLooking like the chart is going to follow a reverse head and shoulders pattern. If so, it has to brake the resistance line and make at least one support on the same line. Just how I see things :)
Major Support for MANADecentraland. A crypto that has many applications that are similar to the new implementation of the metaverse to Facebook's portfolio. This could pose as a viable competitor to Facebook which they would either attempt to buy out (they already have their own crypto) or use some of their tech to help them achieve what Decentraland has already.
The pattern shows that it's reaching 61.8 Fib level which is a major level when rebounding (potential dead cat bounce but doubtful). The 50 EMA is also showing support in this area. Price has consistently rejected this area and the catalyst of Facebook potentially releasing more news about Metaverse tech could be what this crypto needs to continue to rocket past previous all-time highs!
