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MANAUSDT.PS trade ideas

MANA/USDT (Short) - bear flag; shorter-term trade ideaLast week, BTC, along with the rest of the crypto market, experienced a sharp drawdown. After a week-long consolidation, the next move truly hinges on today's Jackson Hole speech (10:00am ET). The central bank chairman is expected to comment on the current state of the economy and tell us more about the central bank's next steps in the fight against inflation. There are two base outcomes we can expect: 1. He will sound dovish - economists are seeing serious cracks in the overall economy, and they wish to slow down with financial tightening (not stop it completely); this would be very positive for crypto 2. He will sound hawkish - the inflation is still too high, and they have no intention of stopping tightening even at the expense of the economy; the negative outcome for crypto We would prefer to bet on the short side as we believe that the market got optimistic a bit too early, and central bankers are likely to set them straight. For this bet, I chose a token which performed relatively worse during the consolidation period. MANA painted a clear bear flag which is likely to break to the downside. We can see that MANA was slowly drifting downwards during the consolidation (red parallel area) while tokens like ETH had a nice rally. The weak relative strength shows a clear negative sentiment. The strategy would be to wait for the meeting outcome and once the token breaks the trend line to the downside, go short . The profit target would be either the light green line (less risk) or a bit lower support at $0.6290 (more risk). As a stop loss , I would use the upper side of the channel (red line) or the actual entry point if you wish to take less risk. The reverse case would be if the speech boosted the whole market. In that scenario, we would either leave this trade or find a different, relatively strong token and play on the long side. Happy trading! Best wishes, Dollero Technology
Short
by DolleroTechnology
4
MANAUSDTMANAUSDT(08.20.2022 UPDATED) Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement. Money Management must be obeyed. Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin ) Majority of trades is done via computer trading (forex / cryptocurrency) priority in analyzing charts: 1- Price Action 2- Market structure 3- Chart patterns 4- Candlestick patterns 5-Divergence 6-Indicators
by ravankhah1348
1
MANA's search for meaningThe MANA 74 Cent level is the strongest support. It is a coin that has spent a lot of time here in the past, then flew away with the metaverse current and came to the same levels again. Level 94 is unfortunately broken. Currently, the 84-74 range seems to be an ideal accumulation area. From this range, preferably close to 74 areas, the risk-reward ratio will be the highest level. The 1.12-1.37-1.68 levels are the biggest resistances in front of them, but after these resistances are broken, the 1.12 resistance is likely to make a quick premium.
Long
by ARWIIN
MANA long term opportunityChart analysis is simple, it has the potential to simply follow the ascending channel. I don't publish the wave analysis for the sake of clarity but may 22' indicates the end of 2 years cycle. A strong downward breakout invalidate the pattern but chances are low. I think Decentraland (MANA) is a well established crypto project, it has real utility but right now is undervalued. MANA has an established metaverse and far more succesful altcoins are promising a metaverse... I can't see strong reasons to this project falling into oblivion.
Long
by Yorokobi1272
2
MANAUSDTMANAUSDT(08.14.2022 UPDATED) Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement. Money Management must be obeyed. Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin ) Majority of trades is done via computer trading (forex / cryptocurrency) priority in analyzing charts: 1- Price Action 2- Market structure 3- Chart patterns 4- Candlestick patterns 5-Divergence 6-Indicators
by ravankhah1348
MANA/USDT: Bullish reversal tentative - 1,20 to watch---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart ------- MANA/USDT: Bullish reversal tentative - 1,20 to watch Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend - BTC and NFT/METAVERSE COIN remains in underperformance versus ETH. - We are watching at 1,20 to bypassed to extend the bullish recovery in progress Market configuration - Graphical Elements : Graphical support = 0,99 & 0,7990 Graphical Resistance = 1,20 & 1,95 - Mathematical Indicators: EMA ( Exp Moving averages) are support at 0,99 = Bullish RSI indicator (below) is now above 50% with room to the upside = Bullish - Elliot & Harmonic Wave (Fibonacci): A last drop to draw the wave (C) B is now completed - the market is now bouncing off in recovery Fibonacci resistance of the wave = 1,20 Fibonacci bullish wave target at 1,95 Fibonacci bullish wave support at 0,7980 Fibonacci bearish wave target at 0,5940 Conclusion Prefered case => As long as 0,7980/0,99 remains support a larger recovery towards 1,20 is expected with strong conviction, only a break above 1,20 will open a direct recovery potential towards 1,95 Alternative case => Breaking 0,7980 a new bearish attack towards 0,5940 will occur
Long
by JeanJean1983
#MANA/USDT - Long - Potential 26.75%CPI report causing a pump in all risk asset markets. Trading View is struggling with the pump so unfortunately I cant show you my set up but it is written out in the text below. Mana is on a pullback and has broken through resistance. volume flowing in and a key part of the meta verse mom which is recieving significant funding from UAE. #MANA/USDT - Long - Potential 26.75% Exchanges: Huobi.pro, Binance, KuCoin Signal Type: Regular (Long) Entry Targets: 1) 1.05686 - 100.0% Take-Profit Targets: 1) 1.05686 - 33.333% 2) 1.05686 - 33.333% 3) 1.05686 - 33.333% Stop Targets: 1) 1.05686 - 100.0% Trailing Configuration: Entry: Percentage (0.0%) Take-Profit: Percentage (1.0%) Stop: Breakeven - Trigger: Target (1)
Long
by CryptoNicho
2
MANA- Nice Breakout 🍄Market becoming Bullish early this week as you have been informed: I think this time is ok to FOMO: US printing money to fight inflation.. take a wild guess what that can do to Bitcoin (🚀🚀🚀🚀). BTC Technical analysis: Still in ascending channel . The Top (resistance) is just below 25k . I see 70% chances of breaking over the channel and off to 28k Resistance (our first target as given few weeks ago). Watch the video and take a look at THIS: After the Falls we naturally get a lake I think it ended up being Perfect. One Love, The FXPROFESSOR
Long
by FX_Professor
8