BREAK OF STRUCTURE AND RETESTIdentifying break in market structure and waiting for market to retest those key levels before taking an entry based on bearish candlestick formation
MANAUSDT trade ideas
Return of manaMana is starting to show signs of come back. On 1D chart beautiful fractal beginning to shape its way up
MANAUSDTHello Dear friends
We are currently above the midline of the long-term descending channel and a positive RSI divergence has been issued on the daily time frame.
In the lower time frames, the support ranges have been maintained, it seems that the possibility of forming an upward trend up to the blue range ($0.4854) is high.
But it should be kept in mind that if the corrective trend falls below the range of $0.4252, the possibility of a further decrease to the lower areas will be strengthened.
We would be happy to hear your comments
🔥 MANA Is Leading The Fall: More Downside AheadMANA is currently one of the tokens which is leading the fall. Where most tokens have held their last week's capitulation lows, MANA is already trading 10% below it. I'm waiting for a break of the dotted support line.
In my view, there's more selling ahead. Keep in mind it's generally a good idea to short weaker assets instead of stronger ones.
Targets in blue placed at supports formed during the 2021 bull-run, scroll back for precise areas.
MANA the last chance (bottom) and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside and the round number $1 resistance that many times stop the price from more gain ✔️
if
the price breaks the round number to the upside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
and
if the price breaks the range area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
#MANAUSDT 2H Chart
Price is still heavily bearish and it is currently still ranging in a descending channel. MACD is not clear, RSI is sold and EMAs are bearish and working as resistance. Once price breaks above the resistance line we would then expect some bullish movements towards the imbalance around $0.6. Waiting for the breakout for confirmation.
MANA 1W, GO AND GET IT SHORTlyIf BTC continues with a correction, mana will drop to the support line -30% very soon.
This week the market can be very volatile!MANA has ranged over the past week and is still hovering over the monthly support range of $0.577 to $0.650. For Mana, a resistance was considered in the $0.715 range, and over the past week, the price has returned to the main support after hitting this range and reacting to this resistance. We see high sales pressure on the chart today and in the last two days.
Therefore, if these supports are broken, the price reduction can cause the formation of a new price floor compared to the last five months and bring the price of Mana to the ranges of 0.525 and 0.465 dollars. Therefore, if the candle closes below the range of 0.580 to 0.610 dollars in the 4-hour time frame, the continuation of the downward trend, even the formation of a new downward wave, is expected. In the 4 hours, we see the range trend, where the price fluctuates between the support of the specified resistances. In general, this week, the market can be very volatile, and there is a possibility of breaking support even in fake form.
Manausdt - 1DMana is one of the strongest Metaverse projects on the Ethereum blockchain and is currently close to its daily support range. If the support range breaks, it will drop to 49-50 cents, but in the case of support in this area, we will see the range of 83 cents.
MANAUSDT analysis buy signal 11/7/2022Market in the way way to our orange (WCL) buying area after formation of III sequence also the market break the correction LVL for the bullish move RR 3:1
MANAUSDT analysis buying signal crypto market is on the way to our WCL blue buying area after formation of III impulsive blue sequence
#MANAUSDT 6H Chart
Price retested the resistance around $0.68 and moved down from it. MACD turned bearish, RSI is neutral and EMAs are bullish. I expect price to tap into the 6h demand around $0.62 before potentially moving up again from there.
MANA/USDTMANA/USDT
Like the previous currency that was introduced.
It has started an upward momentum.
I think it can eventually grow up to the ceiling of the channel.
From there it will flow.
#MANAUSDT #MANA #BTCUSDT #BTC #ETHUSDT #DOGE #DOGEUSDT
Massive Falling WedgeMassive falling wedge, many coins are in a falling wedge. Volume has declined, bullish divergence on the weekly time frame. The daily stochastic RSI is overbought so perhaps sideways/downwards a bit before Mana sees any real big gains.
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
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💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Mana Bull PenantSimple idea, very strong bull pennant, looking for a break to the upside. I will definitely take long here.
MANA SHOT term analysis We patently wait for 0.67 to 0.68 region which will be a cool place to enter some SHOT .
Strong response?!MANA has also declined recently, losing 3% to below $0.60. You can see that the descending channel intended for it is still standing. The hits to the bottom of the channel have been associated with a positive reaction. Still, in general, until the resistance range of $0.657 to $0.675 is broken, the trend of this currency can remain in the downward channel. Dynamic resistance is considered in the range of $0.615.
If it stabilizes above this range, the next resistance that overlaps with the channel ceiling at $0.640 can be a target for short-term buyers. Given the breakout of the monthly support, if Bitcoin declines and returns to the $18,500 support area, Mana could continue its downward trend and hit a very important support area at $0.525-$0.465. We expect a strong response from this area. After this price reduction, a good increase in Mana's price will be expected in the coming weeks.
MANA V shaped recovery or more downside?!There has been lots of rumors about Decentraland regarding their number of active users. some sources claim it is less than 38 users per day.
although the whole crypto market is primed for more down fall , I think we can see a V shaped recovery for MANAUSDT since the price is down 92% from the ATH.
otherwise if we brake below the support we can expect more continuation to the down side.
