MANAWBNB_728912.USD trade ideas
Buy and Hold mana x5 or x10 incomingMana price is clinging to the 9ma on the daily charts.
I always plot the 9 period moving average on charts, when price clings to it in parabolic moves it helps me stay with the trend, here mana is doing the same.
Hold this one, I posted about Facebook (meta) last week and we saw great day trading profits on that last week. METAVERSE stocks and crypto are your big plays alongside other crypto over the next year. Mana is severely undervalued here with a low market cap compared to shib and doge. Buy and or hold.
mana price action tradesI firmly believe in human behavioral patterns and price movements of course taking into considerations of real world social issues, economics etc.Mana is very much headed to test the .88 cents level by sometime in December.
REASONS WHY !
it hasn't retested that 0.8 level yet.
Rsi indicator hasnt reached the consistant oversold resistance rsi level on the day chart.
usually a slow two month movement on these levels with lower trading volume then higher levels
higher levels top/bottom are 30 days apart
SIDENOTE
After hitting that level i would be looking for prices to start to explode,I think with high inflation of usd looking to grow by aggressive rates retail investors wont have the money to but institutional players and banks will continue to make theyre way over as fidelity has been one of the latest.I dont see how its not perfect timing for the wealth transfer to start dont think the market will move as heavily waiting on retail,The greatest things are being built & people are getting richer when the world is in turmoil!! This next bottom that people are spaking on i think its already here.
if you oppose to this id love to talk about it
MANAUSD (1H) - Bearish breakoutHi Traders
MANAUSD (1H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.5980 support level. Only the upward break of 0.6220 would cancel the bearish scenario.
Trade details
Entry: 0.5980
Stop loss: 0.6220
Take profit 1: 0.5830
Take profit 2: 0.5590
Score: 8
Strategy: Bearish breakout
Why Is MANA Pumping?Why Is MANA Pumping?
Binance US to list Sandbox, $SAND October 5, 2022.
Expect a possible case of buy the rumor, sell the news as SAND/USD and SAND/USDT Trading start October 5, 2022 at 5 a.m. PDT / 8 a.m. EDT.
Noteworthy:
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
Let us know what you think about this subject in the comments section below.
Kindly support this idea with your like and comment, thank you.
MANA must hold 0.604 till Nov to target 1.68. Or 0.375 D.bottomMANA may complete the double channel expansion till November 2022. Sine June low, it has just been
Consolidating above my 1.618 zone above 0.604. If it holds then the next target will be 1.68. Otherwise
0.375 will be retested to form a double bottom first.
Not trading advice
MANAUSD D1: 150% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
MANAUSD D1: 150% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: MANAUSD D1/candle chart review
::: HIGHER RISK SETUP USE TIGHT STOP LOSS
::: further losses short-term
::: expect BEARS to target 60-65 CENTS
::: however strong bounce after correction
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later near 60-65 CENTS
::: BUY LOW near 60-65 CENTS Dusing tight SL
::: currently correction in progress / no upside
::: dump until MERGE EVENT
::: for now stay out / wait for better entry price
::: up to 155% gains possible later
::: short-term pullback/correction
::: is possible / likely
::: however chart looks good for BOUNCE
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +155% gains
::: details: see chart
::: FINAL TP is +155%
::: recommended strategy: BUY/HOLD 60-65 CENTS
::: TP BULLS +155% gains / 1.50 USD final TP
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/STRONG BOUNCE
::: Sentiment short-term: CORRECTION/65C
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Decentraland (MANA) sending mixed signals for AltsMANA 1D has been forming an ascending triangle in downtrend as opposed to the more common formation during an uptrend.
To form this pattern you need an initial rally where price action begins to consolidate between a flat resistance point and rising support trend line before continue on.
Unlike in an uptrend, when the ascending triangle pattern develops during a downtrend it’s more likely to signal a reversal than a continuation.
Very rarely will the pattern form perfectly and in the current market conditions we have seen many fake outs and overthrows across most coins so always look for confirmation.
How to trade this pattern:
Go long on resistance break out but only after confirmation.
Go short on support breakdown but only after confirmation.
With that being said it's seems more favorable for the bears that we would see a breakdown of support as the prevailing trend is downward and can often lead to resistance holding. With pattern trading or candlestick patterns its always wise to use another tool for confirmation of your analysis. Something such as the RSI can improve your odds of succes.