MANAUSDT trade ideas
💡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 ❤️
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.
📊 MANA reach my short targets. Now 3 long targets for youHi friends! Do you forget about Decentralend? The top gaming project of 2021 is on the bottom now and noone wants to buy it with 90-95% discount.
✅ My last idea for MANA reach the target of the local low ($0.629). Check it and get more useful tips for your trading strategies!
🚩 Now MANA is tesing the trendline for the 4th time. We know that the more test of the trendline the weaker it becomes. I think at the 5th test, the trendline will be broken up.
Also, the probability of the PUMP is growing after this fall to the local low and the key level of $0.629. It's time to find the best entry point to long after this trap and manipulation by the whales.
📊 3 reasons to open a long:
1. trap by the whales to force the short traders become the fule for growth+take out the sl of long traders. It's already happen
2. squeeze to the trendline
3. bullish BTC
✅ My targets for long on DYDX:
🔥 $0.69-0.71
🔥 $0.81-0.86
🔥 $0.96-1 - the value area and even number which is huge resistance for the price
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANAUSDTHello friends
On the four-hour time frame, we have a harmonic pattern combined with tight price movement. If the current trend is above the orange range ($0.6994), there is a high probability of forming an upward trend similar to the drawn scenario.
Don't forget the damage limit!
What do you think?
MANAUSDT/D 💁🏼♀️HI
The price in the range of the box that I specified is suffering between the range of 0.67 / 0.74 the important resistance range of 0.74❗️ for a positive trend, it should stabilize above the resistance range.
According to the downward trend of the market, if we consider a downward scenario, the price can be corrected up to the ranges of 0.60/0.63. ❗️ You have to see if the price shows a reaction to this area that I specified. ❗️
what do you think about it?🙂 sell or buy?
📆✨8/10/2022✨
💁🏻✨ @MehrnaziJiTrading_crypto✨
MANA - LONG 3x option, CUP TREND(scalp)MANA has strong SUPPORT level at recent price and is more possible to have a positive LONG BREAKOUT from current triangle trend
RISK: 3% - 5%
LEVERAGE: 3x
keep in mind the less you risk the higher chance you will succed in trading market over the time you trade in your TRADING CAREER
LIMIT YOUR RISK by decreasing your greed
MANAUSDT - TRADE PLANCheck out the trade plan for MANA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
MANA is on a descending triangular pattern where we are waiting for the perfect breakout confirmation to hunt down the targets pinned on the chart.
The RSI Formula Explained. Catch the move from end to end.
Welcome to the copy shop everybody and let me bid you a hello from the back of the baristo bar. This video is very casual, unscripted, and yet extremely informative.
First off let me make sure you have your copy of this script "The Heiken Ashi Algo Oscillator"
I'm hoping to use this particular video so that you guys can come back into the comments area and specifically ask questions about how this works because I want to give you this information. But most importantly I want you to understand it.
In today's video I'm going to be discussing the "RSI formula". So today's video is called the RSI formula, explained.
I've noticed over the years that every time they RSI has a particular reading, You can calculate that into a ratio that will tell you what should be your risk and what should be your reward. This allows you to set your stop loss and your take profit and literally walk away and not have to worry about it. I do not expect you to understand this formula watching it just one time so you will need to play this over and over again without question. But if in the moment that you do have questions go ahead and leave them below.
What I want you to do is if you feel like you're getting it wrong, tell me what the RSI reading is that you got and I'll tell you what it's supposed to convert to and I'll tell you how to convert it to that number. Telling you the formula won't help you as much as it will showing you how it works against your readings so by all means leave your questions below.