MANA - retrace under bullish scenarioMana price is retracing, however market is very bullish.
Expecting price to bounce around the 0.5- 618 fib levels if it finds support.
But depending on what BTC does, if it starts to flag, alts could do the same (dotted line).
Some alts may become rather bullish on the next up leg and may break out of flags early - keep this in mind and manage your risk.
MANAUSDT trade ideas
MANA Gearing Up for a Bull Run!Since 2022, MANA has been consolidating between the $0.27 and $0.80 range. Now, it’s making a sharp move toward the critical $0.80 resistance level. This indicates continued confidence in the project and a strong belief in the future of the metaverse.
Technical Outlook:
With BTC holding steady at $90,000, the MANA/BTC pair is signaling a potential recovery from its lows.
A weekly candle closing above $0.80, followed by consolidation above $1.12, could confirm the continuation of an upward trend.
Targets:
TP1: $1.60
TP2: $2.20
Taking profits may be premature at this stage. The bullish momentum should be closely monitored!
#MANA/USDT#MANA
We have a bearish channel on a 4-hour frame, the price moves within it and adheres to its borders well at this price.
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 0.5858
The first target is 0.6526
The second goal is 0.7243
the third goal is 0.8046
#MANA (SPOT) entry range( 0.2510- 0.3110) T.(0.5990) SL(0.2388)BINANCE:MANAUSDT
entry range ( 0.2510- 0.3110)
Target1 (0.3819) - Target2 (0.4660)- Target3 (0.5990)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.2388)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #MAV #ZRX #ID #AXS #MANA ****
MANA is gearing up for a major breakthrough!I'm a big fan of meta universes and couldn't just not make a plan for MANA, the leading project in this area!
We are technically above 50 EMA and preparing for a breakout from the parallel channel. The project has a capitalization of almost 1 billion and I would expect a hike to the $3 per coin area and reach a capitalization of 6 billion, which corresponds to the 0.5 fibonacci level.
This is a huge prospect considering that the next coronavirus analog as well as potential VR development will attract new investors to the project and send it into the space!
Horban Brothers.
MANA/USDT Trading ScenarioDespite the rapid growth of BTC and many popular assets in the crypto market, some altcoins from promising projects remain heavily oversold and undervalued. One example is the native token of the Decentraland metaverse — MANA. It is currently trading 95% below its all-time high and is near a local minimum.
From a volume profile perspective, the asset is attracting market participants in the current price range, and the accumulation phase has been ongoing for almost two years. If liquidity starts to shift from BTC into altcoins during an altseason, this token could experience significant growth and provide investors with a solid profit.
#MANA/USDT#MANA
The price is moving in a descending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at 0.2980
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.2988
First target 0.3045
Second target 0.3121
Third target 0.3200
#MANTA/USDT#MANTA
The price is moving within a bullish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.300
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price is 0.3300
The first target is 0.3752
The second target is 0.4050
The third target is 0.4400
#MANA: Investing in the Future of Virtual WorldsDescription:
This trading idea centers on MANA, the native token of Decentraland, one of the pioneering virtual reality platforms powered by blockchain. MANA serves as the currency within this expansive digital ecosystem, allowing users to purchase land, goods, and services while participating in a decentralized metaverse. As the demand for immersive virtual experiences and digital assets continues to rise, Decentraland’s growing user base and its collaborations with high-profile brands and creators underscore MANA's potential for long-term adoption and growth within the metaverse space.
However, it's important to note that investments in cryptocurrencies like MANA are subject to high volatility. Regulatory shifts, technological advancements, and macroeconomic factors can all impact market dynamics and token valuation. Investors should be aware of these risks and develop a robust strategy to mitigate potential downsides.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like MANA involves substantial risk, including the possibility of losing your entire investment. Always perform thorough research, evaluate your financial position, and consult with a professional advisor before making any investment decisions. Past performance is not indicative of future results.
MANA back to GloryThe crypto boom has just begun and with BTC making new ATHs i have decided to start sharing some of my personal crypto plays for this cycle. MANA along with SAND are my metaverse crypto plays that ill be covering during this crypto cycle, have been holding these for a while and think its time for them to bounce back. I have outlined some of my targets but depending on how hot things get we may see a lot more 👀
Added to my position today, best of luck!
$MANA Update-Bullish Wave Coming!-Up over 30% from last postUp over 30% from last post.
Price has been beautifully respecting the support zone and consolidating the past 3 months.
I expect a bullish breakout above the 200MA soon, quickly setting a new support zone then a bullish push challenging at least the 50%-100% Fibonacci price zone.
Decentraland (MANA): Waiting For Resistance To Be Reached!! /Decentraland seems to form a nice setup here where bullish trend is pushing price higher and higher toward that major resistance zone where we are going to look for a short setup.
If everything plays our nice, we should see a quick and sharp move to lower zones after a rejection from resistance, so let's wait and see how it will go 😉
Swallow Team
The medium term of MANA is super bearishMedium term MANA is super bearish
According to the waves that formed in these last two months, the scenario of MANA has become clearer.
It looks like we have a big ABC, and wave B is a triangle.
The last triangle wave of wave B could end in the red range and then we could see another bearish trend for MANA in the medium term.
This is the vision we now have for MANA.
Closing a weekly candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#MANAUSDT Daily ChartPrice had previously bounced off our minor demand zone at $0.267 and it is currently ranging inside the daily supply zone. MACD is showing some bullish weakness, and price is currently getting rejected off the 100MA. Price needs to break and close above $0.32 in order to expect further bullish movements towards the next area of supply at $0.34.