Decentraland (MANA) formed Gartley for upto 738% big moveHi dear friends, hope you are well and welcome to the new trade setup of Decentraland (MANA).
On a monthly time frame chart, MANA has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MANAUSDT trade ideas
Mana - MMXM - possible distribution set upLong-term Perspective:
The Draw on Liquidity is to the downside: 0.9$ and 0,61$
anything above like the Buy Side Liquidity (BSL) around 1.137$ is short term.
=> The Plan is to look for distribution price action (MMSM) after market take out the stops around 1.137$
Intermediate-term Perspective:
The market shows already a msb after taking out intermediate-term Liquidity. Not sure if this is the final top. I want to see a stop hunt of that liquidity of one level higher (1.137$) before entering shorts.
🔥 MANA Triangle Break Out: Ready To Bounce?Over the course of several weeks now, MANA has lost a lot of its value. However, with the stock markets rallying and Bitcoin appearing strong lately, it might be time for alts like MANA to catch-up.
On the chart, we can clearly define a triangle pattern, of which MANA broke out earlier today.
Assuming that BTC will not give back its gains, I can see a short-term trend change coming to alts and therefore MANA.
Targets in blue placed at recent local tops.
#MANAUSDT 3 trades in one chartMANAUSDT is printing inverse head and shoulder patterns while BTC is testing the 28.2k support level.
There are three cascaded trades that I am seeing right now with good risk to reward ratios.
Trades are explained in the chart.
If you take the trades... please use the SL in every one of them.
MANA is Going to Be Bullish Soon!MANA is in a Bullish Flag Pattern.The Price is gonna Increase soon But No Break out has Happened yet Be ware of that! The Pattern can also Considered a falling wedge Pattern as well which is also a Bullish Pattern. The Price is gonna Increase as much as the Flag pole or At least to the Top of Falling wedge !The Next Target and Resistance is around 1.65$.
-MANA is in a Bullish Flag
-MANA is also in a falling wedge Pattern
-(AB=CD)
-Price is gonna Reach 1.65$
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Thank you for seeing idea .
Have a nice day and Good luck
MANA - Destination LOWER-VERSE You know our preference is SANDBOX:
MANA gave us some great trades, especially the short at 3$:
and more recently at 1.2$:
Painful but hey guys: Take a tour at DECENTRALAND and you will figure t out: Nothing works there anyways, why the surprise?
One Love,
the FXPROFESSOR
MANAUSDT Long on Bullish OBMANAUSDT Suddenly went bearish because of the sudden BTC bearish movement. Creating a Break of structure downwards. Now Long position on the Last bullish OB on this area is a probable choice, as the imbalance(Yellow gap) can be a point of interest. Then following a short bump on the bearish 15 min OB.
Entry 0.9826
Target will be as usual .5 Fib retracement, then 2nd and 3rd TP can be on those imbalance.
Don't forget to put a stop loss.
Mana breaking major trendlineMANA
Broke trendline on daily chart, could show us some more upside if bitcoin doesn't break to downside after finnishing pennant (getting close).
Big pump because of some news:
"The 2022 Decentraland Game Jam is here!
After a long break, we are incredibly excited to share the news that Decentraland’s Game Jam is coming back for 2022! Game Jam will run from May 17 till June 14."
SL 0.95
targets 1.38 --> 1.68 --> 2.05-2.20
This is not financial advise, information purposes only!
Mana is full. Ready to cast magnifiscent spell🌈 At current market we have to be careful. If on breakout we see volume, it's better to close trade straight away. Use half the volume.
Reasons to take long
⭐️ BTC in range
⭐️ Accumulation 10 days
⭐️ Level is 51d old
⭐️ Level is visible on multiple timeframes
⭐️ Buyer appeared at bottom
⭐️ Volume at bottom
⭐️ 4th touch
⭐️ 30 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
MANA/USDT BUYING SETUPMANA Look's like make a Descending triangle pattern and also any Double bottom pattern . we can see in support always make a strong rejection candle
in lower time frame potential make a IHNS pattern
Indicator like RSI and stochastic showing oversold , we can setup entry now or wait in buy zone
Buy zone : 1.017 - 0.983 - 0.945
Target : 1.0751 - 1.1073 - 1.1418 - 1.2202 - 1.33 - 1.5
Stop : 0.93
Mana bearish triangle going to 0.63Mana has printed an descending triangle with decreasing volume, according to my strategy this is a book short. As you can see in the chart mana failed to break through 1.35$ level witch is a strong resistance and then the price kept decreasing till the 1.02$ drawing the mentioned pattern.
I will use volume as confirmation for this pattern because in my opinion decreasing volume precedes a big move.
It is not wise full to see the pattern an then rush in crazy mode. I think that it would be nice to wait to see a 4h close below the 1.02$ level before entering.
And of course you always have to take in to account the Bitcoin situation, if Bitcoin pumps it is going to ruin this setup.
Now we have two choices to enter :
-Enter now at 1.026$: with stop loss at 1.063$.
-Enter at the 4h close blow 1.02$ with stop loss at 1.06$.
-Enter in the retest of the breakdown if there is one with the same stop.
The targets are previous low 0.636$ and past low 0.368$.
I will personally enter now at 1.02$ with stop loss at 1.063$ with a 5%(0.968$) profit i will move the stop loss to entry.
Regards and happy trading.
If X happens, short. if Y happens LongTrade according to the scenario at hand. The full breakdown did not happen as I initially thought. There seems to be a lot of hesitation in the bear camp as shown by the sustained uptrend here. The latest uptrend happens to be within an ascending triangle so we will wait for confirmation on either end before trading a direction.
This has turned from a dead cat into a potential short term bottom, depending on what happens next
#MANA/USDT 2HOUR UPDATE BY CRYPTOSANDERS !Hello members welcome to MANA/USDT 2hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome in this chart.
As we can see from the above-mentioned chart that MANA/USDT brack the inverse head and shoulder pattern create and broke the neckline and retested the green zone and the current scenario we are expecting that get will go up all the way to $2.50 means almost 130%.
So if it moves to the green zone again then it will be the zone to go long on MANA/USDT
entry:-$1.0732,$1.1308
target:-130%
stop-loss:-$1.0061
with leverage 5x to 10x
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.