MANAWBNB_728912.USD trade ideas
When market gives us worries we need to HedgeHi everyone,
so market is taking another turn and we need to act and react.
Do we panic and sell all our spot? Well if you think yes then you must have already paid the price a few times and haven't learned yet. Needless to say that if you are in this category you probably didn't take profit either when you should had. That's what happens to most, yes.
In this cases one can think like this:
Leave my spot intact and cover my exposure with a short position on some assets.
Look for a chart under resistance and plan accordingly.
Hope you like the chart.
One Love,
The FXPROFESSOR
For me that chart now is Mana.
Mana trying to flip the inv h&s neckline to supportIf it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which way it will go in the next 2-4 days. *not financial advice*
⚡️⚡️ #MANA/USDT - 900%⚡️⚡️⚡️⚡️ #MANA/USDT - 900%⚡️⚡️
#HODL
Entry Conditions:
- RSI Daily Trendline Breakout
- Dubai’s Metaverse Plan Targets 40,000 Virtual Jobs in Five Years
We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000 companies operating in the metaverse and blockchain sector, which contributes $500 million to our national economy.
News Source:
finbold.com
Entry Zone:
1) 0.5985 - 0.9610
Take-Profit Targets:
1) 1.349 - 12.5%
2) 1.705 - 12.5%
3) 2.184 - 12.5%
4) 2.792 - 12.5%
5) 3.504 - 12.5%
6) 5.101 - 12.5%
7) 6.068 - 12.5%
8) Leave open to ride as could be parabolic at this stage
Stop Targets:
1) 0.2819 - 100.0%
Entry Conditions:
- RSI Daily Trendline Breakout
- Dubai’s Metaverse Plan Targets 40,000 Virtual Jobs in Five Years
We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000 companies operating in the metaverse and blockchain sector, which contributes $500 million to our national economy.
MANA/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
RR: 19.7
Possible upside: 1200%
Possible downside: 61%
Timeframe is on the weekly.
Elliot wave cannot predict time so do not try to use the timeline shown here for your trades.
What Elliot wave can do is help predict tops and bottoms (no one can predict these 2 accurately)
With the predictions it's supposed to help you use it as a method to plan your entry/exit your positions.
MANAUSD (4H) Bullish reversalHi Traders
MANAUSD (4H Timeframe)
Waiting for the upward break of 0.9040 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.8090 would cancel the bullish scenario.
Trade details
Entry: 0.9040
Stop loss: 0.8090
Take profit 1: 0.9620
Take profit 2: 1.0570
Score: 4
Strategy: Bullish reversal
Mana at strong long-term resistanceMana pumped last week 45% finding resistance at $1.08.
It seems quite difficult for Mana to succeed a valid breakout on this level, plus the next crucial resistance is 65% above the current price.
A fakeout is likely though and an excellent opportunity for shorts too.
The most possible scenario is a return to $0.75 and then down to $0.60.
Decentraland Crypto WorldwideSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
033. PIGGISH PLAY - Long MANA/USDBeen a while since I posted a pig play. This is mainly because I have been waiting patiently for markets to pullback or crash for months now. While I have posted some short plays, this market is being propped up on hot air and it has become clear that trading should be done sparingly until this topping nonsense comes to an end.
Meanwhile, I have many ideas for AFTER the drop in the stock indices and bitcoin and only two bullish ideas for the here and now: gold and mana.
One could argue on behalf of either of these assets for being the next major wealth transfer destination for their inherit defensive properties against inflation. As natural safe harbors for wealth preservation (well, gold for sure and mana tbd), I feel comfortable longing either and/or both in the near-term.
I have stated before that MANA is particularly interesting to me because it is (for now) completely decentralized - meaning the central banks cannot f with the supply dynamics via obviously bad policy practices. I love gold, but in keeping with the crypto zeitgeist and the general trend of computerizing assets, I present you with the idea above.
The instructions are all displayed in the chart and if you follow them somewhat closely, I am sure that you will be happy you did in a year's time.
The last and most important item is to WAIT FOR BITCOIN TO RETRACE SIGNIFICANTLY before an entry consideration into MANA or any other coin. Alternatively, for the more diligent crowd, you can see whether MANA diverges from BTC as BTC is dropping via basic side-by-side observation or keeping a close tab on the near-term correlation coefficient. Either method can serve as additional confirmation of a bullish future for MANA, but I would still wait for the price levels depicted above before entering.
That is all, best of luck, don't get greedy in stocks, etc.
-MANIC-PIG, MANA-PIG
COINBASE:MANAUSD
BINGX:MANAUSDT
COINBASE:MANAEUR
COINBASE:BTCUSD
COINBASE:ETHUSD
BITPANDAPRO:BTCEUR
BITPANDAPRO:ETHEUR