MANAhow we get the path of price we should mark the 4H & 1H to yourself and we see the channel price is going play up and down in this range in we use the FVG & order block we can see the next distance of trend and price. good luck
MANAUSDT.3L trade ideas
#MANTA/USDT#MANTA
The price is moving within a bullish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.300
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price is 0.3300
The first target is 0.3752
The second target is 0.4050
The third target is 0.4400
Bitcoin's Parabolic Potential & MANA's Key Levels Revealed📅 Let's dive into today's analysis. We are focusing on the crypto market, where we've seen an upward move, and Bitcoin is at a critical and exciting position. The coin I'll be analyzing today is MANA.
👑 Bitcoin Analysis
🔍 Bitcoin Technical Analysis
In the 1-hour timeframe, Bitcoin has started to correct after reaching the 59323 support level and has now created a bullish structure in this timeframe, reaching the 63700 resistance level. A correction to 0.382 of this upward wave has been made, creating a box between 36700 and 62634.
🧲 Trend Line Analysis
Additionally, there is a curved trend line supporting the price. Since this line is curved, it could trigger a parabolic movement in the market. Conversely, if this trend line breaks, we might witness another sharp drop in the market.
📊 Volume Analysis
The market volume is ranging and is neither converging with buyers nor sellers. The direction will likely depend on which side increases its volume.
📈 Long Position Strategy
Long Position: We can enter a long position with a break above 63700, targeting 64530 as the first target. A riskier trigger is at 63122. RSI stabilization above the 55.87 resistance can act as confirmation for these positions.
📉 Short Position Strategy
Short Position: For a short position, first wait for a candle to stabilize below the curved trend line and activate the 62634 trigger. The second trigger is breaking the trend line at 62168. The RSI confirmation trigger is at 40.72.
🔍 MANA Analysis
🗂 Project Overview
Decentraland is a crypto and metaverse project where everyone can buy land and introduce their projects to others. The native token of this platform is MANA, and all transactions on this platform are conducted using this token.
🧲 Trend Line Analysis
In the 4-hour timeframe, this coin has started a downward trend from 0.4832 and dropped to the 0.3170 support level. After reaching this support, it corrected up to 0.236 and created a range box. This coin also has an upward curved trend line that could trigger a parabolic movement in the coin.
📈 Long Position Strategy
Long Position: Stabilizing the candle above the 0.236 area could push the price upward, creating bullish momentum to move towards the 0.5 Fibonacci area, which coincides with 0.3896. For this position, buying volume must enter the market, and the RSI trigger is at 59.26.
📉 Short Position Strategy
Short Position: For a short position, first wait for the curved trend line to break. For additional confirmation, we have two triggers: the first is at 0.3287, and the second is at 0.3170. If these levels break, we can expect the price to move down to 0.2792 based on Fibonacci Extension. Personally, I would open a position with a break below 0.3170 only if the selling volume increases and the RSI is below 50. Otherwise, I will wait for a break below 0.2792.
📝 Conclusion
In conclusion, both Bitcoin and MANA are showing critical levels that could determine their next major moves. Bitcoin's parabolic potential hinges on its curved trend line support, while MANA's future depends on its range and trend line dynamics. Keep an eye on the volume and RSI confirmations for better entry points.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
MANA USDTMANA Trade Setup.
After a confirmed breakout from the green zone, we could take entry at $0.3525.
Remember stop loss is your friend. Everything is on the chart.
Entry $0.3525
S.L $0.3433
T.P 1 $0.3633
T.P 2 $0.3748
T.P 3 $0.3893
MANA/USDTTarget is the wave c of B after that the price will continue to drop so as to the cycle ends (wave 4=somewhere between 0.16-0.08$) then the price will rise to the peak of the final cycle at a target minimum 6$
MANA/USDT Weekly Analysis : Key Support and ResistanceBINANCE:MANAUSDT
The image is a weekly trading chart for MANA/USDT (Decentraland/TetherUS) from TradingView. Here are some key observations from the chart:
1. **Current Price**: The current price of MANA is $0.3454.
2. **Historical Highs and Lows**:
- The highest price shown on the chart is approximately $5.90.
- Significant resistance levels are marked around $0.988 and $1.4975.
3. **Volume Profile**:
- There is a significant amount of trading volume clustered around the $0.7051 level.
- Another cluster of high volume is observed around the $1.4975 level.
4. **Support and Resistance Zones**:
- The chart shows major support around the $0.25 level.
- Major resistance levels are highlighted around $0.988, $1.4975, and further up towards the $5.90 region.
5. **Price Movement**:
- The price has experienced significant fluctuations, reaching its peak around $5.90 before descending.
- Recent price movements have been fluctuating around the $0.25 to $0.35 range.
MANA Technical AnalysisMANA is in a bearish trend with the price trading below the EMA 200, after rejecting from it the price declined to the $0.3231 support level and holding above it.
If the price manages to hold above at $0.3231 level we could expect a bounce back to the next levels.
If the price fails to hold the $ 0.3231 level it will move towards the next support zone Yellow at $0.2638 - $0.2845.Which is the best buying zone.
While the price is holding above at $0.3380 we can take some entries here and do some entry at the next Yellow zone.
The volume will also be a key factor to watch as it can provide insights into the strength of any potential moves.
Will MANA Support hold ? Get ready for both scenariosBINANCE:MANAUSDT (1W CHART) Technical Analysis Update
MANA is currently trading at $0.331 and price is trading around its support zone, we are not sure if this support will hold and price bounce back from this support zone. We need to consider both scenario for entering the trade here, for long trade we will enter only after a green weekly candle above the support zone. For short trade we will enter if the candle closes below the support zone.
-- LONG Trade --
Entry level: Green Weekly candle above support zone
Stop Loss Level: $ 0.2526
TakeProfit 1: $ 0.4561
TakeProfit 2: $ 0.5931
TakeProfit 3: $ 0.7804
-- SHORT Trade --
Entry level: Candle close below support zone
Stop Loss Level: $ 0.3487
TakeProfit 1: $ 0.2038
TakeProfit 2: $ 0.1644
TakeProfit 3: $ 0.1198
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
Decentraland (MANA): Waiting For Support Zone To Be Reached!Decentraland is still looking for a supportive touch to lows of $0.265
There is not much to say here other than look for short position and possibly DCA as well.
From lower zones, there will be an opportunity for long position (but would need confirmations, which we will be looking for once we are near that support zone).
Swallow Team
#MANA/USDT is testing the Diagonal Trendline in Daily TF!#MANA/USDT is testing the Diagonal Trendline in Daily TF!
I'm expecting a little sweep and bounce from here. EURONEXT:MANA needs to clear PML $0.3935 as a support. So far it is acting as a strong resistance level.
MANA (DECENTRALAND) SHOULD PUMP FROM HERE - 19/6/24
I have other scenario but this is more appealing. Truth is, even though I predicted all this fall and blood bathe we are seeing on ALTS, it is scary now that it has happen and the little doubt creeps in but I am going to hold my conviction till proven otherwise.
One I still believe in is BINANCE:MANAUSDT and the perfect time is now. The invalidation level is simply the last previous low. It is over 20 risk reward ratio if average entry is from here.
OTHER ANALYSIS
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Strong downtrendMANA is currently in a strong downtrend after peaking and entering a bullish phase. It is now declining. There is a significant support area marked on the chart, indicating a strong support level. If the price reaches this support area, there is potential for a rebound upwards. Keep an eye on this area for potential opportunities.
Decentraland (MANA): Head & Shoulders = Possible Short Setup!Decentraland has nicely formed that head-and-shoulders pattern where price is now at the end phase and looking for a breakdown from the neckline zone.
As we are close to breaking, we keep an eye on possible further moves. It seems like the like the perfect setup!
Swallow Team
MANA between a hammer and an anvilMANA has been consolidating since April between 0.4 and 0.5.
A break below the range is highly unlikely because of the liquidity pool just below it between 0.3947 and 0.3744 (The Anvil). This liquidity pool will send it right back to the range.
If the price breaks above the range it will meet the big fair value gap (The Hammer) between 0.6042 and 0.5173 ready to knock it down again.
MANA - Ascending Triangle BreakoutMANA is breaking out of an ascending triangle pattern. The growth potential is highlighted on the chart.
Swing tradetrade in the mid term, I think that the candlestick gap will be filled, it has broken and retested the trendline, after this consolidation I expect it to break up, anyone has a different opinion, I welcome it
manausdtWe are completing the wave e of a triangle of a higher degree than the type of contraction triangle. The price is expected to move up to the range of 78% and 125% of the largest leg.
MANA/USDT upward momentum from bullish OB? 👀🚀MANA analysis💎 Paradisers! #MANAUSDT closely as it demonstrates robust signs of a bullish continuation from the Bullish OB.
💎 Observing its recent price movements, EURONEXT:MANA has successfully breached its descending resistance and is now primed for an ascent starting from the Bullish OB at $0.4317. Should this momentum sustain, we anticipate a strong push towards the supply area at $0.5597, though we may see some initial resistance that could trigger a substantial rise.
💎 It's also important to note the reduced intensity of rejections at this OB level, suggesting a weakening of resistance. If this level fails, we are ready to leverage a bullish rebound from the foundational support at $0.3910. The significant liquidity at this level suggests that #MANA could experience a powerful bullish recovery. However, a break below this Order Block might precipitate a considerable drop in price.
MyCryptoParadise
iFeel the success🌴
Decentraland - The best long game It's more than clear that this token is no longer in downtrend and it's began its uptrend by forming a higher low at 42 cents and building up a great support at that mark.
Alikze »» MANA | Ready to retest the resistance zoneIn the last two posts, the Mana currency experienced a growth up to the specified area. After making a head and shoulder pattern in the roof of the channel, it faced a correction, which continued until the 36 cent area.
💎 Currently, due to the candle that has broken the support zone, it has become a stubborn resistance.
💎 Therefore, I expect that considering that a double bottom is currently formed with a retest of the area and with the support of the 39 cents range, it can attack again to break it, that this attack can continue up to the midline of the channel and then it can reach the ceiling. Continue the growth channel.
💎 Alternate scenario: If it loses the range of 39 cents and stabilizes below it, the next scenario can be substituted for it, which can extend to the green box area.
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Decentraland (MANA): 100EMA Has Been Broken!!!Decentraland has broken the 100EMA which has been holding the price back for a few months now.
As we had a nice breakout and a successful re-test recently, we are not looking for that 200EMA threshold.
As long as we are below that 200EMA we are looking for further movement to lower zones (potential touch to support).
Swallow Team
