MANAWBNB_728912.USD trade ideas
Mana Bullish and Bearish alternativesAs we can see, Mana is breaking up an ending diagonal that can be considered a truncated 5th wave.
However, the price lacks still momentum, and now it appears to be developing a three-driver pattern that might finish lower than the previous low at 2.69
MANA bulls still fightingJust a short-term update/confirmation. The support on the green line looks better on the 6 hour and a similar line can be made on the 1 hr...and this is such a small trend, the 1 hr is fine. Small but crucial as I am hopeful BTC doesn't drag MANA below $3.18. MANA is looking good within the Bullinger Bands and the MACD is good-mediocre. MANA is just at "that point" where trends are coming to a head and I fear some people were burned last week. I did pretty well through it all, but could have done better had I had a crystal ball. On a good note, volume, albeit low, is double that of yesterday...so hopefully, that trend will continue. Should MANA break $3.71, I would feel a lot better all around. MANA has ignored BTC lag before...and this is going to have to happen at some point when financial institutions realize BTC is more of a Kleenex brand for a greater product, but there are far better crypto products out there than BTC...I just hold one, for the cause. Kleenex is a poor example because I think their tissues are the best;-) Anyway, this is not financial advice. Note, MANA is approaching the mid-line on the descending channel that began on Dec. 3. It will be interesting to see if it bounces (soon) around $3.22, maintaining a strong position in the upper half of the greater descending channel.
Bullish Scenario #2Depending upon where the breakout happens in the symmetrical triangle that would be confirmed with the C&H (purple), I think MANA will rally closer to $5 with an approx. $1.3131 rise in price from breakout. This is just an idea...not financial advice. I will feel better about all these ideas, of course, once MANA breaks from the descending channel (green). MACD is starting to point upwards on the daily. Once it crosses, I think it will shoot above the histogram, supporting this large pump.
Breakout Eminent 2: adjusted for time.Numbers haven't changed but in the initial post, we had no idea when it would break out of the descending wedge. Assuming that the bottom holds, from where the actual breakout occurred, the shorter-term target, oddly enough, is exactly $4.50. Crypto loves round numbers. Just like the original idea, this is not financial advice, just an idea that seems to be playing out should the rest of the market cooperate. Do your own research...let me know if I'm missing something.
MANA/USDT - CUP & HANDLE Accumulation is clearly happening on LTF. Might get this or might just fall out of the bottom. Most alts want to run, but BTC is killing the party. Just something to observe.
$mana forming h&s bullish toward the measured move $6.50Mana is forming a bullish pattern H&S and need to keep above the $3.20 range to remain validated. IF it can get above $3.65 look for prices around $6.50
$MANA 4H 50MA turns from resistance to supportPrevious resistance becomes support.
As you can see on the ride up, the 4H 50 MA acted as very strong support up until RSI and MACD boiled over and there was a large correction.
On the way down, anytime MANA tried to gain some ground back it was rejected by the 4H 50MA.
Hopefully, this level holds and MANA can continue on its next leg higher.
Next Targets:
$5.05 (.786 fib)
$5.91 (1 fib)
$7.23 (1.272)
$8.03 (1.414)
$9.33 (1.618 fib)
MANAUSDT My idea for Decentraland. Since its break the trend line I think MANA has potential to check the previous ATH and go for new ATH
MANAUSD Buy Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
A falling wedgeIf you look closely you could see the fall in price and after the fall of the price we could see a pattern formation forming in a channel which leads to a falling wedge a break of the trendline give a bullish momentum
MANA - Bulls Are Loading Up And This Rocket's Almost Fueled UpHope you find value from this post.
Here's an idea for setting up a long position with this asset.
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to buy MANA, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
MANA is coiling up and pressure is now building up. The indicators are screaming BULLISH.
Chart: 4 HR, Candle Sticks
Tools:
Extended Trend Line (White Descending Trend Line )
Horizontal Ray Line (Dashed Yellow Line)
Moving Average: 50 MA
MACD: Setting - 4HR TF (Time Frame)
RSI: Setting - 4HR TF
Fibonacci Tool: Fib Retracement
Targets:
4.0
4.3
4.7
Rules:
1. Price must stay above White Descending Extended Trend Line .
2. Price must GO ABOVE and STAY ABOVE the Yellow Horizontal Ray Line.
3. Price must GO ABOVE and STAY ABOVE the 50 MA
4. MACD must have a Bullish Divergence
5. RSI must GO ABOVE and STAY ABOVE 40 Level.
6. RSI must have a Bullish Divergence .
(Currently, there is a Bullish Divergence present on both the MACD and RSI).
All rules must be fulfilled to be able to confirm an entry for a long position, otherwise it's a NO GO.
Preferred Entry Levels: 3.44
Once a position has been placed, it is...
VERY IMPORTANT TO PLACE A STOP LOSS (My preference is 2.5% - 3%)
Furthermore, we want the RSI level to go above the 50 Level and stay above it for the rest of the bullish move.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balance is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
Happy Yuletide Season!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Is the Metaverse a Hedge for Inflation? (ft. Dogecoin) A little while ago I argued that virtual estate and real estate were inversely correlated -- as seen in the Evergrande example in China where Evergrande stock and MANA coin criss-crossed each other in terms of its ROI. It's yet to be seen how this will play out in the US real estate market but it seems likely that we'll start to see similar patterns emerge as time goes on.
The US market may take longer to unravel since it's a bigger apparatus with a lot more moving parts -- talking about it in a coherent way in itself is often a challenge. But there's been a shift in tone from both DC and the media in regards to inflation in the last week, which may be a sign that things are starting to move forward.
There's basically two different scenarios that could play out in the current US economy's trajectory -- hyperinflation, or an economic slowdown brought on by the Federal Reserve after they increase interest rates significantly. (Right now the former scenario seems more likely, but that's TBD.) Either way, crypto will probably end up doing well. More details in the video itself.
Also as an aside, I also argued that Dogecoin could be an inflation hedge against the crypto market itself. We saw a weird blip this week where the coin pushed itself upwards a little bit, running counter to all of the other coins out there. Will this trend continue? We'll have to wait and see.
Is Mana forming a truncated 5th wave?As we can see, Mana appears to be running in an Ending diagonal that might be forming a truncated 5th wave.
If this confirms, we might finish correction, and a new bull run might happen.
This idea is not financial advice.
MANA - Long Set Up Trade IdeaThanks for dropping by. Hope you find value from this post.
Here's an idea for setting up a long position with this asset.
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advise to buy Bitcoin, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Chart: 1 Day, Candle Sticks
Tools:
Extended Trend Line (White Line)
Horizontal Ray Line
Moving Average: 12 MA
MACD: Setting - 4HR TF (Time Frame)
Stoch RSI: Setting - 1Day TF
Rules:
1. Price must breakout of the White Extended Trend Line.
2. Price must go above and stay above the Yellow Horizontal Ray Line.
3. Price must stay above the 12 MA
4. MACD must have a Bullish Divergence
5. Stoch RSI should be coming from the Oversold Region and a momentum directed upwards.
All rules must be fulfilled to be able to confirm an entry for a long position, otherwise it's a NO GO.
Once a position has been placed, it is...
VERY IMPORTANT TO PLACE A STOP LOSS (My preference is 2.5% - 3%)
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balance is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
Happy Yuletide Season!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Decentraland MANA 🏹 How I plan to operateHello Traders,
on the chart all the necessary informations on how i'm planning my operation on BINGBON:MANAUSDT
Breakout EminentWhen analysts put out ideas, not financial advice, we are listing scenarios and then we see how they play out. I put a few up yesterday and it looks like the initial one is in the cards. I still don't think there is enough historical data to demand the lower numbers in the sub $2.50 range...but anything is possible. I did indicate another dip to the low $1.90's. This morning, the support line of the micro descending channel that began on the 13th intersected with the support of the descending wedge, bouncing the price to break out of the upper resistance of the channel. Is this it? We don't know for sure but so far so good. It hit short-term resistance and muscled through, currently on its way to the upper trend line of the descending wedge. Should it break out around $3.45, there is a light resistance at the upper end of the macro descending channel. Based upon the descending wedge, and timing of the breakout, the target price corresponds to wicking just above the Fib .618 ($4.64).
MANAUSD Two ScenariosAn idea for MANA
Price is currently sitting above 4.618
A test could occur of 4.618 or price may move higher within the triangle structure that can be drawn (in green)
Bet
another spin on earlier post.The only thing that loves cup and handles more than me is probably MANA. I turned that inverse H&S (green) right into a C&H and it leads into another (purple solid). Should it pick up momentum, it can easily turn into the dashed extension (purple dash). Be careful. This isn't financial advice.
Short-term reprise?Before we get into the baby inverse head and shoulders, I feel good that the squeeze is starting with maybe another little drop to low $2.90's. Just an end to this madness feels good. I've read a lot about lower numbers and I just don't think MANA has the historical data to make any big calls like that. Therefore, I'm just analyzing its movement throughout the day and then looking at a multi-day picture... I'm not convinced that $3 wasn't the bottom, and if it is, it would make sense to double bottom after hitting $3.45, the target of said baby inverse H&S. I love it when numbers add up and 15% above the bottom of this pattern brings MANA exactly to the frequently visited $3.45 mark. Furthermore, BTC is looking slightly better. This week's been a $#it show so be careful and know these are just ideas and not financial advice.
ManaUSD levels to watchMana is great to ATL to have in your bag, here are levels buyers need to consider filling their bags.
critical levels to watch are:
$2.5
$1.9
$1.46
The future of the world It is MANAfor mana has 3 scenario
1. Move the mana to the $ 2.49 level and then start the uptrend that importnat Reduce btc correction momentum.
2.Mana goes down to the level of $ 1.50 and then fluctuates at that level and after a while the up trend starts
3.The third scenario, which is less likely, is a move from $ 3.1, which seems very unlikely becuse btc is in very bad time.
Of the 3 scenarios above, the most likely is the second scenario becuse BTC is not in a very good position at the moment, but on the other hand, the $ 2.49 level is a very strong support level for MANA
But with all these interpretations, MANA currency can be very convenient for holders, and my story is just specifying the arrival time. NO buy or not buy becuse i say sure buy the mana .
