MANAWBNB_728912.USD trade ideas
MANAUSD TA Time 21-3-2021Greetings fellow traders!
First time TA on Decentraland! I'm a gamer myself. So, this is one of my favorite crypto projects. Obviously I'm bullish. ^_^.
Technically speaking we're seeing a pretty big symmetrical triangle on the 1H chart. Looks like EMI 1 is signaling a bullish reversal or confirming a support. If it does, it will confirm the bullish pennant. You know the drill, wait for candles to close significantly above or below resistance or support for confirmations.
See charts for potential targets.
Good luck, be careful and may the trend gods be with you!
MANAUSD > Best Place for A Buy Entry!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Follow up on #MANAUSD
Hello friends.
This market was on my reader for a while, I believe it is in the accumulation phase but it is still not ready for a move to the upside, but who knows maybe it is.
Anyway, while all of my money is tied u in the cryptos, I am waiting for an entry near 0.7550, which if it comes that will give me:
1-a market at trendline support
2-a bullish flag pattern
3-a market near FIB 61 level
Safe trading everyone
Check today analysis below⠀
>> Do more of what works and less of what doesn’t.
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
MANAUSD - Nearing critical decision point on 4HDecentraland is reaching the point of a larger symmetrical triangle consolidation pattern I've been watching for a while now. Decreasing volume indicates that a move is imminent. If the move has high volume and strength, that would be an indication to look for an entry point.
It's also formed a bull flag inside of the larger structure. Within the next 24 hours, it'll make a decision which way to go, either way down, or way up.. not much in between I suspect. Wait for confirmation before entering a position. Target 1 is the measured move of the flag pole from the smaller move up, and Target 2 is the measured move from the impulse move to the top of the symmetrical triangle.
Watching for breaks of $1.02, $1.07, and $1.11 as resistance points.
Potential 30-60% gains from the move.
Decentraland MANA USD 4h - symmetric triangle pattern formingMANAUSD forming a similar symmetrical triangle pattern that other cryptos are right now after seeing big pushes to the upside. This one could take a while to break, barring any news to push the price up based on fundamentals. The most recent attempt to break resistance was rejected at the upper boundary line, so watch for the lower boundary touch to see if the pattern will remain intact. If it does, the bottom line may be a good entry point. If it breaks bearish, the measured move to the downside makes it ripe for a short. If it does not break bearish, the retest of the upper boundary will come sometime in the next 48 hours. Playing the ping pong between the boundaries could be a pretty successful short term strategy while the consolidation continues.
Neutral until the retest of either boundary happens, which will dictate the entry point and duration of the trade.
MANAUSD - BULL FLAG INDICATION - 16 -MARCH -2021MANAUSD
Looking to form a bull flag as well as the ascending triangle formation.
Price looking bullish.
Reasons to be bullish
1) RSI above 55, in bullish zone
2) Strong support at 0.95 area
3) Forming a bullish patterns - ascending triangle and bull flag
4) Macd - still green on daily, lower TF Macd still red due to yesterday BTC dump
5) Shorter TF Macd turn green after reaching the support level, good indication that momentum building up at support area, looking bullish
6) Supported at 4 hours 20MA
7) Above all MAs
8) BTC seems to find support around 53.5k - 54k area - 0.618
Recommended entry : USD 0.95-0.98, stop loss daily closing below 0.93
Possible targets - short term - USD 1.28 , long term - if bull flag playout - price can reach USD 1.7 in coming weeks
Overall price still looking good for MANAUSD