MANAUSDT trade ideas
MANA - Channel BreakoutWe are getting the initial indications that the bearish momentum is fading away, with a break of the descending channel that began in early February.
There is still a major hurdle for bulls at 0.64 resistance. We can also correct some more to the downside to retest the channel top.
Even if perspectives are getting more positive for MANA, there is still no reason to call a long trade.
#MANAUSDT #LQR #TOBTC #LaqiraProtocol In the first analysis, we said that the price after breaking the downtrend after confirmation can grow that about 6% profit then you could enter again after confirmation that about 17% of the other profits have been profitable now in the trading range Support and resistance are clear on the chart you can trade after confirmation this analysis is not a buy or sell offer
MANAUSDT ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Massive 538% potential on MANAThere are hints that the sustained downtrend in MANA is coming to its end.
1) We formed a strong weekly support.
2) This level was broken near the end of 2022.
3) However, there was very little supply around those low prices, and price quickly broke above the level again in early 2023.
4) Not only did we break that significant support/resistance level, we even broke above the previous significant high. This marks a "higher high", and hints that bulls are willing to buy MANA at continuously higher prices.
5) We retested the support/resistance level, which was in confluence with the Fibonacci golden pocket. We see a strong reaction in the form of a wick to the downside, indicating that bulls are quickly buying up all the supply in that level.
From here on we can expect higher prices. I've put my SL below the retest of the support/resistance.
SasanSeifi 💁♂️MANAUSDT /LONG VIEW 👉3D ⏭0.80/ 0.94⬆HI TRADERS ✌The possible scenario of MANAUSDT is specified.As you can see, the price faced buying pressure from the range of 0.29 and was able to grow by 170% until the supply area of 0.80. Currently, the price has been corrected by about 40% from the supply range and is trading in the range of 0.61.
The scenario that we can expect the price after slight fluctuation and VOLUME gathering by maintaining the range of 0.47 in the long term will grow again to the supply area of 0.80 and the FVG range of 0.94.considered the possibility of a new HIGH. . Then, by filling the gap, we will see the price correction.🔱
We have to see how the price will react to the 0.80/0.94 range.
Keep in mind that it is very important to maintain the range of 0.47.
❎ (DYOR)...⚠⚜
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MANAUSDT Long SetupMANA recently broke out of the daily descending trendline and the 4h minor trendline, as you can see on the chart, finding support at 0.29, it is trading above the SMA 200 and in my opinion it is a great entry at these levels, with a great risk reward. Thecloser you can buy near support, the better.
We are in a clear Uptrend now.
MANAUSDT Daily: 25/03/2023: Bull or what?
It's a good probability of growth from here or after testing the lower time frame demand zone.
You can see the liquidity pool above 0.6787 and the supply zone that can define as a target.
💡Wait for the update!
🗓️25/03/2023
🔎 DYOR
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MANAUSDT bounce off trend lineHi all. The market is now apparently on pause after consumption growth and is in a significant degree of uncertainty. But the mood is all the same, where it seems, more positive and there are still more coins to grow. MANAUSDT is having another test of the trend line with the opening of a hike to 0.6731. Stop I would bet 0.5897
MANA/USDT Crossover? Re-test?Good Morning guys✌️
MANA is looking very interesting for us so let's take a little deeper look here! First this we would like you to notice is that small crossover of RSI which indicated the bullish movement here and also tells us that there might happen another re-test of upper triangle formation (one re-test we already had and it failed)
Currently here waiting for a re-test to happen from where on we will be looking for two possible scenarios to happen: One is bullish and other is bearish. - we will keep you updated on our channels once we get any additional confirmation here.
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Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
MANA going down?Hi Guys,
In this Analysis, MANA is making a bearish head and shoulder pattern on 1D tf.
As you can see in chart that the VOLUME is also getting low.
So most likely, if it breaks the support and retest then a short entry can be considered.
If you like the idea then don't forget to hit the like button and follow for more easy trading setups.
Post your comments below.
Thanks
Short MANA vs USDMANA looks to be distributing in a Range for almost 2 months now.
It's currently sitting at Range Lows and this is the 3rd test of those lows.
If this level turns to resistance it will break the LTF Market Structure and the price is going much lower.
After distribution comes expansion. This will be the meat of the move.
I will jump in when I see a confirmed breakdown from this range on HTF since this is support for now.
Good luck.
Follow, like the idea and feel free to leave a comment if you like it.
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Short MANA
MANA is showing more weakness. Firstly, a H&S formed and the neckline was broken. Retest of this neckline is rejected, very likely.
Secondly, both EMA 50D and MA 200D were broken down. Bears are in favor.
Finally, CMF volume indicator lost its trendline and its values become negative. This means "lack of buying interest".
As a result, a short setup is proposed as in chart.