MANA On the way to $4There is an Inverse Head and Shoulder pattern. Once this breaks the downtrend channel pattern by hitting $3.50. This will fly all the way to $4.
MANAWBNB_728912.USD trade ideas
Picking up where we left off...and forward.Last post, I got caught off guard by the BTC crash. But as you can see, a few hours later, MANA continued where we left off...even as the other coins didn't recover. We're getting down to decision time. If the overall market wasn't recovering, I would be less confident in MANA's next move. However, BTC is creeping back up, and MANA is coming to an end on some triangles. Good luck, keep your SL's...and this is definitely financial advice. I would normally take a little profit/accumulate at $3.45, but that triangle is ending too...and may just blow right through?
MANA stable at $3.26, as consolidation continuesThe Decentraland Price analysis dictates the token is getting mixed market sentiment today. The MANA/USD appears to be consolidating from 13th November, as the price movements are small, as compared to the pre 13th November swings high and low. MANA/USD does not seem to be affected by yesterday’s market sell-off when most major coins suffered significantly, but MANA maintained well. A wild low swing was observed yesterday when the price went down to $2.73 for a few minutes but recovered soon.
MANA has gained tremendous value after breaking out of its shell on 28th October while swinging as high as $4.98 on 30th October.
Mana might stay in a small correction yetThis is a simple EW analysis showing that mana can still keep correcting a little bit
This is not financial advice
MANA/USD Downside – 17 Nov 2021Downside target: 2.300
Violated Above: 3.800
Mana/usd has enjoyed a pump following Facebook / Meta news, however price has lost its upside momentum and we’re now looking for a drop from the resistance trendline.
Mana - A Bull PathIn scenario a 2H Higher Low would be set and the right shoulder of an iH&S would form, challenging the neckline. The bear path sees a loss of the wedge and a bear back-test to a Lower Low.
MANA Wyckoff ReaccumulationTo me this looks a lot like Wyckoff's reaccumulation on MANA. I think we are nearing a second cross of the creek. Once we break into the resistance zone (deep red), that should be the sign we are headed toward LPS & SOS, marking the next leg up.
MANA watch Bull Flag breakoutMANA has encountered resistance at upper level of FLAG.
Watch for confirmed breakout for entry. My Target is $5
MANA - No reason to panic!Hi all,
We all know that the crypto market strongly correlates with the performance of BTC. When waking up this morning (at least in my timezone) I saw a little crash from BTC which now trades in the low 60's. What usually happens is that when BTC dips, the Alts dip even harder.
Though, its important to understand how far such a dip goes and which levels it reaches, or does not reach. For MANA there is one key level which functions as a resistance when trading below it, and a support when trading above it. This is the level from $3,00 till $3.10
When looking at the chart we see that the support has taken some serious punches but that it still managed to keep the candle closing within the support. It was tough, but that it held is whats counts.
It looks like BTC is slowly making its way back up as its making higher lows on the 1h chart. The same goes for MANA. I have published my view on the 1H chart here as it show how well the support did its job.
I personally think there is not much reason to panic and we will see prices above $4 in the coming days. Though as always, that is my personal view on the chart and market situation and in any case not financial advice.
Happy trading!
Mana Testing Wedge Pattern POC - powered by Fibonacci GeometryCurrent Pattern: Wedge
Status: Testing Lower Bound
Support: Pattern POC
Linear Support: .618
Pattern Profile: Compression
Mana decentralandUndeniable . Decentraland holding strong . Name change of FB to Meta we seen great spike retest. Now mana testing higher. More interest in meta will only support mana. Nfts raising and profit booming on virtual land, more use for mana… mana is a good hold.
mana to return to channel - no breakoutmana to return to channel - no breakout. this is due to the relationship of the previous highs.
When to buy MANA ? 200% Potential.looking at the daily chart mana stays above 50 EMA and in the over sold RSI territory. It is little early to buy mana at this point where it hit its ATH and is due to establishing a key support. In my opinion the best entry for mana is around $1.65 which corresponds with the 50 EMA on daily chart. Long term price target based on Fib retracement at 1.68 will put us at 200% gain. This fib level is also supported by the bull flag measured move and also by the ascending channel pattern. I think Mana will have a short term correction so keep an eye at $3.15 and $3 for support.
MANA pullback completed - next up $4.84After the breakout MANA has traded as high as $3,80 where it also bounced on the 0.382 fibonacci. A retracment followed but has been stopped by the key support level of $3.10 (green bar in the chart)
So far it looks like the support is doing a good job keeping the price above it. I have taken my position at $3.23 and will be targeting $4.84 on the 0.618 fibonacci level.
As always: this is not financial advice
$MANA KINGS CROWN BREAKOUTPair has done a 2200% to the upside, still indicating more impulsive move to the upside on H2 with a kings crown pattern.
Buy zone 61.8 Fib Level.
The volotility game is awesome with this new mana price!!!Very profitable day trade while its above 3$ and moving fast!
MANA! TP reachedWe getting some great % gains! Hope you take some!
Feel free to keep holding or sell and buy on the dip.
Compound Gains makes a Difference. SHIB it might go as well don’t miss the set up.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
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$MANA great run up. Now what???Mana had a great breakout. Now I think it will consolidate and with this metaverse hype I can see it hit 5$ by end of month. LFG
What will be the next move of MANA after it breaks the pattern ?MANA In 4H time frame appears with a Descending triangle pattern, with it's resistance as above trendline and the support zone
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* Price above the resistance is bullish .
MANAUSD: Heading to the next ATH?Indicator use: R/S Line Test, TTM Squeeze, Volume, Price Action, 10 + 20 EMA
Platform: Coinbase Pro
Time Frame Used: 4h
Entry: $2.92 LONG
Exit: Scale out 50% of position to take back principal + profits as it hits 100%
Stop: 15% Stop Loss Set
MANA cleared the previous resistance at around $2.95 price level, keep in mind the Volume is still low so this could be a fake breakout as it is retesting the resistance again to clear the ceiling. The market is bullish as MANA gives exposure the Metaverse. As you can see the 10 EMA made its cross over the 21 EMA to the upside. I'm watching for continuation as this coin is showing relative strength while the rest of the market is experiencing a healthy pull back. If it clears then we may see a new ATH as it appears this is an accumulation phase still.
My strategy is to always scale out and take profits to expand my portfolio and go in cash to enter on the next dip.
Mana long#MANA is showing bullish strength after almost two weeks of retracement. Descending trendline and the resistance level were broken. Bullish movement to ATH at 4,95 is possible.
