How Developing Countries Predicted the Rise of the MetaverseThe market is down right now but these are also good times to take a look at what might be the "next big thing".
Had you got into the metaverse a year ago, you will most likely be up right now. Otherwise, you're probably in the red. (Yes, even Bitcoin and Ethereum.) The metaverse is this year's clear winner in terms of performance, and it's not too surprising that a lot of big name brands have decided to try to get in on it, too.
A lot of people claim that Zuckerberg's "Meta" was what sparked the metaverse craze, but if you look at AXS's chart it's pretty clear that the coin was climbing way before the media gave the idea any attention. A lot of innovations and early-adoption activities happen in lesser-known (often non-English speaking and developing) countries before making its way into the "mainstream", so to speak. Predicting long-term trends is not magic - you just need to know where to look.
MANAWBNB_728912.USD trade ideas
MY MINIMALIST CHART ANALYSIS FOR $MANA$MANA
On a Weekly Chart
04.18..22
0803H +8 SINGAPORE
Ukraine war is extending, Institutions are still washing out all retail LONGS, which will push cryptos further down. Still expect a downtrend within a week or two. Still have to see the effects of the war on the USD as the Rouble and Yuan are on the uptrend. We may see a shift to cryptocurrencies after this stabilizes as a lot of traders are attracted to this.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
Entries on the 1.6-1.9 Zone for me.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy.
1. RSI 43: still midway down
2. STOCHS 12/5: on the LOW and building an upwards momentum
3. Volume seems small for me, a lot is still holding. Waiting for a bear tail to have a spike on supply.
4. Downtrend went beyond the FIB 0.618 Reverssal area, so we expect it to go down further to 1.
5. Capitulation: Looking at this as a strong area for BUYERS.
6. We can expect it to push further down to the 1.1-1.9 zones. This is at the bottom of the brown minor and blue major box.
7. Expecting ave. 30% gains on the First Partial Exit - Area of Value.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
Looking back since the beginning of the year,
the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE.
Charts are created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Decentraland (MANA) and the Metaverse Rental MarketThe metaverse (Decentraland especially) has a lot of hype behind it but the utility aspects of it is still underbuilt in its current form. Will it eventually get there? A look at a few things being worked on in the background during this bear market.
MANA repeats M-pattern;2 falling wedges & next 2 supportsSorry guys I have some bad news for MANA. It has potential to fall much further if 2.0 level is not quickly
recovered by bulls making it a beartrap.
It seems to be repeating its previous M-pattern. It is also
forming not 1 but 2 falling wedges giving us the next 2 potential supports. It has broke down from my first support at 2.0.
Not trading advice
Virtual vs Real-Estate: The US Housing Slowdown vs the MetaverseRising interest rates by the Federal Reserve has people concerned of a potential slow-down in the housing market (worse-case scenario, a recession, or even a depression).
How would this affect crypto - and metaverse assets in particular? A closer and updated look at what's been going on in virtual vs. real-estate, especially in China (still down by 60%+).
Possible rising for MANA The kumo cloud is thin then we can see a strong trend
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there is a huge space around lagging span
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The base line has been flat for a few days
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The distance between price and base line is less than 300 pips
MANA bounced from my support zone; waiting for follow-up candleUpdate from a previous post.
MANA finally reached my green support zone & bounced. If there will be a follow-up candle tomorrow, this may most probably be the bottom reversal process in play. Set tight cutloss in case it falls more.
Not trading advice
MANA could go back to absolute support with btc pullbackFOMC meeting is soon.
BTC might face volitality and there might be a blood bath of down wicks tomorrow and next two days. if the BTC breaks the support it could direclty fall back to 37k taking all other coins with it down. This is a scenario for BTC's down wicks if reaches 37k or below.
MANA's FIB retracement is the last support to collect liqudity and pullback up to 20% atleast
Trading responsibly.
DYOR
MANA ANALYSISDecentraland is a 3D virtual world browser-based platform. Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency, which uses the Ethereum blockchain. It was opened to the public in February 2020, and is overseen by the nonprofit Decentraland Foundation.