MANA/USD (Decentraland) 1w LONG-TERM MANA/USD (Decentraland) 1w LONG-TERM Analysis.
โจWe have witnessed 2 different cycles between 2018 and 2023.
โจIt is now 700 days since the peak. the parallel channel has worked well so far.
โจWe have reached the end of the 700-day downtrend. the weekly rsi value also confirms this. The centre line of the parallel channel has also worked well.
weekly rsi: 34 Now
>>In the rally towards the end of 2024, I think that mana will be strongly accompanied. I think it will exceed the old ath level.
And we also look MANA/BTC
weekly rsi : 26 (OVERSOLD)
MANAWBNB_728912.USD trade ideas
DECENTRALAND - Impulse, Correction... 200% To Be Made!MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse.
We are currently within the correction and looking for Wave B completion.
Will be looking for lower timeframe price action to tell us when to enter with a small stop loss!
Goodluck and as always, trade safe!
MANAUSD (4H) - Bullish breakoutHi Traders
MANAUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 0.3033 resistance level. Only the downward break of 0.2852 would cancel the bullish scenario.
Trade details
Entry: 0.3033
Stop loss: 0.2852
Take profit 1: 0.3146
Take profit 2: 0.3327
Score: 7
Strategy: Bullish breakout
MANA exodus is near!!!Technically we are at the bottom!
I buy at this level 0.29!
Volume price 0.298
It is very unlikely that we will go lower, but even so it is! It will depend on the project or the market as a whole.
In the future, according to the previous impulse, we can reach $11
More precisely, I can say when there will be an exit from the accumulation.
MANA is in the purchase zone !!!Mana is in the sweet shopping zone!!! 0,32988-0,24128
Local area 0.314-0.205
The purchase level is 0.254
Global purchase zone 0.314-0.122
The purchase level is 0.211 the price can come to this level
The price of the total volume is 0.31094
We are closely monitoring this level!!!
The volume price is 0.77702
This is another important level, it will manifest itself in the future!!!
MANA: SHORT TERM BUY OPPORTUNITYDecentraland is forming a weekly TF bullish flag. The flag breakout is likely going to be initiated from the next support or the wide demand zone beneath it. A short term buying opportunity can be scouted on both. But a fast and long bullish move is going to be tough because there are many resistances ahead. For a long term buy, its better to wait for all the 3 weekly moving averages, 1w MA 50, 1W MA 100 AND 1W MA 200 to become support before buying.
MANA- Bullish& Bearish scenario explainedAfter the high back in February, Mana has re-entered its downtrend.
However, this recent drop stopped again in the 0.3 zone and the coin shily started to rise again.
The touch of 0.44 zone resistance led to a drop and at this moment we have two possible scenarios, both for bulls and for bears.
Bullish scenario:
As I said, the drop from 0.85 stopped again at the 0.3 zone and this could mark a bottom.
Also, in support of this bullish scenario, we have the ascending triangle pattern in which the coin is trading since June.
For this scenario to come into play, we need a break above 0.44 resistance.
In such an instance, the coin could rise to 0.6 zone, and considering a stop loss slightly under 0.4 we found also achieve a 1:3 R:R
Bearish scenario:
Even though we have a reversal from the 0.3 low twice, the trend is still bearish for the coin, and the two days ago reversal from horizontal resistance reinforces the bearish idea.
For confirmation of down continuation, bears need to push the price under 0.4 and in this case, ManaUsdt could make a new low under 0.3 to around 0.25
double your money on mana or x4Mana is a great real use crypto heavily backed as an actual currency used in decentraland where the prestigious southeby's auction house have been involved as well as big stars like deadmau5. I tipped mana a couple of weeks ago in my btc post and its been accumulating ever since. I think the SEC have this one wrong as its clearly used as a currency to buy virtual land and property. Look for it to break first resistance then double then go x4
โด๏ธ Decentraland 1,2,3,4 Steps Pattern After Perfect Zig-ZagI've always loved to do things early, work early, wake up early, meditate early, open up my Crypto trades early; buying early... It has its advantages and pitfalls.
One of the advantages is that you get bigger, better, higher earnings potential, the initial move is always fast and strong.
One of the pitfalls is that you are less certain as the confirmation is yet to come.
For Decentraland, MANAUSD, the bias is bullish based on the move that started in January 2023.
This move (#1) is the initial bullish breakout and sets the tone of what is happening.
What follows is a correction and in this case we have a perfect zig-zag, low (#2) followed by a lower low (#3), with prices bouncing perfectly so far off the 0.786 fib. retracement level.
Now, that's one of the cons of being early, it can go lower before reversing but the reversal is sure to come and that's #4, the new bullish wave that is about to develop all across in the days, weeks and months to come.
That's the 1,2,3,4 Steps Pattern for you.
Thanks a lot for your continued support. I miss you!
Namaste.
MANA - Time For Lift Off!In our last analysis for MANA, we identified that we were in subwave 2 of wave 5. We are now at the extremes of the subwave 2 as we're touching the ascending trendline which we anticipate to be respected.
Our hard stops will remain below invalidation level but we can capitalise on a risk entry now.
For a safe entry, we can watch for the red trendline to break, which will still be relatively early in the move.
Trade Idea:
- For a risk entry, enter now with stops below the wedge OR safer stops below invalidation level
- For a safe entry, enter on break of red trendline
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
MANAUSD Cycle may need to make one last low before rallyingDecentraland (MANAUSD) has been unable to break above the 1W MA50 (blue trend-line) despite January's rise (led at large by Bitcoin). This draws heavy comparisons with the previous Cycle, which on March and June 2019 failed also to break above the 1W MA50 despite a March rally and instead dropped to the 1.236 Fibonacci extension, which was a Lower Low for the Bear Cycle and the final bottom.
The 1W RSI pattern confirms those similarities and even though MANA doesn't have to decline as low as the 1.236 Fib again (which is at 0.1420), we have to consider the high probability that the bottom is not in. Of course breaking and closing above the 1W MA50 invalidates that and sets the market on a Bull Cycle track. Technically the closing above the 1W MA100 (green trend-line) kick starts the parabolic part of the Bull Cycle.
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Decentraland: Crab ๐ฆLike a crab, Decentraland is predominantly moving sidewards just above the support at $0.48. Nevertheless, we expect our crypto friend to develop more upwards momentum soon so that it will be able to expand wave iii in magenta above the resistance at $0.84. However, there is a 35% chance that Decentraland could slip below the support at $0.48, thus digging itself into the magenta-colored zone between $0.49 and $0.40 to place a new low in the form of wave alt.ii in magenta first before turning upwards again.
MANA-MANIA! Don't Miss Out!MANA is looking like its almost ready for a MASSIVE move.. At least 1000%.
We can see that we are currently in a 5 wave move higher. Wave 3 had a nice 5 subwave breakdown. We can use that framework to figure out what's next for wave 5.
Subwave 2 of wave 3 was a tight correction and we are seeing almost an identical tight correction for subwave 2 of wave 5.
Great thing about this is that we have a strict invalidation level.
Trade Idea:
- Watch for a breakout of subwave 2
- Enter with stops below the correction (or safer stops below invalidation level)
- Targets: 6, 15, 40
Goodluck and as always, trade safe!