MANAUSDT trade ideas
MANA/USDTI like this particular coin, and I believe we will see an impulse movement towards the golden Fibonacci range. It's difficult to talk about the overall structure of the cryptocurrency market because the main asset, Bitcoin, is gaining unreal turnover. It's very difficult to continue the impulse movement without a correction, so after the golden ratio, I think there will be a pullback, and after that, we'll see a bullish run.
๐งMANAUSDT is Bullish now๐ง & many Traders don't see it ๐!!!Hi.
COINEX:MANAUSDT
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Today, I want to analyze MANA for you in a WEEKLY time frame so that we can have a Short-term view of MANA regarding the technical analysis. (Please โ๏ธrespectfullyโ๏ธshare if you have a different opinion from me or other analysts).
We have a Bullish Structure here
Cup & Handle pattern is completed and now we testing the resistance cluster of Descending Resistance + C&H neckline + 0.53$ Key Zoneโ๏ธ
Looking for a breakout and rally๐
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Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- cup&handle
- AB=CD
Stay awesome my friends.
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Thank you, and for more ideas, hit โค๏ธLikeโค๏ธ and ๐Follow๐!
โ ๏ธThings can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
๐#MANA will rise according to the double bottom structure๐๐ง After completing the correction at the daily level, we established a double bottom long structure in the buying zone at the daily level. If we can successfully break through the short defense point, it means that we will hope to challenge the previous high.๐
Let's see๐
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MANA has formed a double bottom, after the pullback will go upMANA has formed a double bottom, after the pullback will go up, It has been making HH and HL
Entry Zone 0.4687 - 0.4740
SL 0.4643
TP1 0.5017
TP2 0.5485
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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MANA/USDT | 1W ๐Decentraland is designed for virtual reality, featuring its own platform powered by the Ethereum blockchain. Users can create, explore, and monetize content and software within its ecosystem. It caters to creative individuals, gamers, students, and various online communities.
I find this token promising and fairly reliable, so I added it to my portfolio.
The current price of the token looks quite appealing from an investment perspective as it has returned to the accumulation zone.
- Not financial advice, trade with caution.
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Stay updated on market news and developments that may influence the price of Decentraland. Positive or negative news can significantly impact the cryptocurrency's value.
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Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
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Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Decentraland #Investment #MANA
Mana Price Surge Alert! ๐ - Your Path to Wealth Starts Here".*MANA Fundamentals:**
* **Purpose:** Native currency of Decentraland, a 3D virtual world built on the Ethereum blockchain.
* **Functionality:** Used to purchase virtual land (LAND tokens) and in-world items/services.
* **Governance:** Decentralized Autonomous Organization (DAO) manages its development.
* **Supply:** Max supply of 2.19 billion MANA, with over 1.8 billion currently in circulation.
**Recent News (as of Feb 8, 2024):**
* Decentraland hosts Metaverse Fashion Week, attracting major brands and designers.
* MANA price experiences volatility, potentially influenced by broader market trends.
* Decentraland DAO discusses governance proposals and roadmap for future development.
**Disclaimer:**
Investing in cryptocurrency carries inherent risks, including potential loss of capital. This information is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
MANA DROP APPROXIMATELY 30%First let's continue from where we are presently, meaning this downtrend will continue without any interference hence scenario. Invalidation level is the previous high created last year December. (see page for other scenario) BINANCE:MANAUSDT
PREVIOUS ANALYSIS
MORE ANALYSIS
MANA RETURNING TO $0.31 - WHAT HAPPENS NEXT IS AMAZING - UPDATEThis is the update for BINANCE:MANAUSDT would have have instigate a short for the short term even though it presents 2 risk reward but I will stay clear since it is not up to my minimum 3 risk reward and wait for the major turning point.
In the mid - long term MANA presents to us at least 15-20 risk reward ratio.
There is another scenario but I will refrain from posting since this is the major. Stay tuned and enjoy.
SOME PREVIOUS ANALYSIS
Decentraland(MANA): Should We Buy or Sell?MANA has been pushed to the end of a tight gap where the price is nearing a breakout or breakdown soon.
We are looking here more for that downward movement to happen but we might as well see a quick liquidity breakout, which would result in a price movement towards EMAs
Swallow Team
MANA/USDT Poised for a Possible Bullish Rebound๐๐MANA Analysi๐ Paradisers, let's zoom in on #MANAUSDT, where the current pattern is signaling the potential for an impressive bullish rebound from its key support zone.
๐ A look at #MANA recent market activity reveals a steep 34% fall after hitting a wall at a significant supply level. However, it has shown some tenacity around the support level of $0.4104, suggesting a possible upward move.
๐ Despite the current challenge in achieving new highs or surpassing previous peaks, leading to a short-term bearish sentiment, the $0.4104 level is crucial. It's poised to possibly catalyze a robust bullish wave if retested.
๐ As forward-thinking traders, we're always equipped with a plan B. Should #MANA falter at the $0.4104 support and go lower, our sights are set on a bullish recovery starting from the lower support at $0.3747. Keep in mind, though, that a drop below this secondary support could signal further downtrends.