📊#MANA will rise according to the double bottom structure📈🧠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.🙏
Let's see👀
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MANAUSDT trade ideas
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
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MANA/USDT | 1W 👀Decentraland 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.
✅ 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.
✅ 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.
✅ 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! 📈 - 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 Rebound👀🚀MANA Analysi💎 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.
💎 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.
💎 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.
💎 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.
MANA ANALYSIS🔮 #MANA Analysis 💰💰
🌟🚀 #MANA is trading in a Symmetrical Triangle Pattern and gave a breakout. The price is currently going and showing a good bullish moment. 🚀🚀
🔖 Current Price: $0.4850
⏳️ Target Price: $0.5811
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #MANA. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#MANA #Cryptocurrency #DYOR