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MNAUSD trade ideas

Inverse head and shoulder as both reversal and continuation Hi earlier I published a head and shoulder as a continuation pattern for QNT. I found a viewer was confused and believed head and shoulder was solely a reversal pattern. Here is a good example head and shoulder acting both as a reversal and continuation pattern. On Mana's chart, we see there are 2 head and shoulder patterns. The first one you can consider as a reversal. The price starts to drop and it follows an inverse head and shoulder pattern. Price rallies after the inverse head and shoulder. The second inverse head and shoulder is a continuation pattern. The price continues to rally after the second inverse head and shoulder. It is stated in John Murphy's book, head and shoulder can both act as continuaion and reversal pattern. One most important thing to take home is regular head and shoulder is bearish while inverse head and shoulder is bullish, no matter it is acting as reversal or continuation pattern.
GEMINI:MANAUSD
by ChrisZDC
2
Path to new ATH?I've wanted to write about all of the Cup and Handles that I've noticed on the micro (even when making very short term decisions on the 5min) trend during MANA's latest run. It makes sense, it is a bullish formation and MANA is very bullish. I've said in past posts that MANA is "behaving really well." From textbook H&S to Inverted H&S to all the C&Hs to respecting the ascending channel without fault, MANA has been pretty easy to speculate. It even follows rules with regard to time as a function. IF YOU BELIEVE MANA CAN HIT UPWARDS OF $5, $9, $10+, there has to be a path and the current setup could be HOW WE GET THERE. What we are seeing now is the formation of a massive Cup and Handle on the macro chart, with what will bring all-time highs. It's target is massive and supported by the 1st leg up on the Fibonacci extension. I think/hope we are here. At the very least, I'm bullish on the short-term micro chart as a smaller C&H is forming, also confirmed by the short-term Fib. extension. This short-termT cup may be just the catalyst we need to break higher, and then onto the "big picture C&H." All that being said, BE CAREFUL. One good reason to be skeptical is that I generally don't use data from the original pump when making a forecast. However, I've also missed out more than not when doing so. I'm a "chart guy" and this is just what the chart is saying, in how I'm reading it. Too good to be true? It should be, but this is not the Fortune 500 market. 45% spike isn't ever out of play and happens frequently. Look for a break above $4.38 and keep an eye on the micro 13% gains? This is definitely worth paying attention to. This is just an idea that I'm sharing with you...not financial advice. I'm looking forward to watching this play out. Keep in mind, this target may not happen in a day...we still have to break out of the triangle, AND pass the ATH...this little 13%+ cup will put us out of the triangle and just below the ATH. A lot of potential volatility and stomach aches ahead. Volatility = opportunity. Set stop losses, don't invest more than you can afford to lose, and good luck. Let me know if you are seeing something very different, please.
BINANCEUS:MANAUSDLong
by keykomg
You didn't miss out......you never do. Sure, we've all missed a sell or buy that can make you sick to your stomach. But as we learned within a couple of hours or days, it always goes back. Remarkably, more like dumb luck, my last post contained orange dashes to show potential movement. It followed it to a tee. I'm not patting myself on the back, in fact, I'm going to erase them because it's dangerous to think that is even practical. I'm not sure when, because MANA just found huge support at $4.08, but there is a strong case to be made for the price coming back to the $3.88 area. There's a great case for it to also visit $3.55. The "M" shape would happen to play out exactly with the short-term .5fib around $3.88. I chickened out earlier, sold at a nice round $4.20 even though my plan was $4.24. With the bullish momentum increasing, I will happily settle for getting back in at $3.88. $3.55 would be cool, but I'm also happy MANA didn't blast through $4.25 and keep flying higher. Volume is picking up and it is getting super volatile. Even though I erased the dumb dashes from the last post, the pink circles are logical spots for one last touch of the lower trend line before blasting out of the triangle pattern. Should we breach the upper trend line in a meaningful way, then we will not be hitting the pink circles. Be very careful. Although there are no indications of a major dump, the volatility is screaming and it could just as well crash down to the $3.30 level should support not be made. MANA could also just go off like a rocket. If you miss out, don't sweat it, just do your research and enter a new position. Check out ATR's and how to use them when setting Stop Losses. If you're new to this, make sure you are on a reasonable time frame when checking the ATR. Again, be very careful right now. A lot of things are coming to a head the next couple days. Keep your fingers crossed because it's completely out of our hands. MANA has a mind of its own.
BINANCEUS:MANAUSDLong
by keykomg
2
MANA continues to "defi" the overall short term crypto trend......see what I did there? I'm going to quit while I'm ahead with the crystal ball from a couple of days ago. I was 1/2 joking when I put the red? where I thought we'd find that support because we can have a good idea of supports and resistances, but "when" that happens is, in my case too, luck. I do think it is going to want to bounce off of the lower support line at some point, and that may have to be when it climbs into range, above yesterday's low, probably in the low $3.60 area. MACD, Volume Oscillator, RSI are all looking bullish. Today's chart has Thick Green from the other day and is our skeleton. The Short-term for the next couple of days is in purple, thicker lines are stronger than thin, and the dashed blue/orange lines are just the type of path (not close to exact) I think MANA will follow as it finds support, meets resistance, gets rejected, etc...until a breakout happens. This is all invalidated should we slip below $3.30. The pink circles are just places above yesterday's support where I think MANA will have to hit to make the big push up. Do your own research because this is not financial advice. Be safe and set your SL's.
BINANCEUS:MANAUSDLong
by keykomg
3
MANA Decentraland EMA 200 mix MULTI XMANA Decentraland EMA 200 Mixed MULTI X Decentraland is an Ethereum-based blockchain platform where users can purchase, build and monetize virtual reality applications. Users can purchase virtual land in the platform’s world which gives them ownership and control over the environment and applications they create within their land. Decentraland is a virtual reality platform powered by the Ethereum blockchain that utilizes two tokens. MANA is an ERC-20 token that serves multiple purposes, where it is mainly burned in order to claim LAND (an ERC-721 token) as well as to make in-world purchases of goods and services4. Decentraland is divided into a total of 90,000 parcels of LAND, each measuring 16 x 16 “meters.” MANA can be stored in ERC-20 compatible wallets.
BINANCE:MANAUSDShort
by manmui
MANA - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. MANA is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes. on M30: MANA is forming a trendline (in red) but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MANA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:MANAUSDLong
by TheSignalyst
20
What will MANA do this weekend?In this video we take a look at where MANA will find support as it is falling from the top of the trend channel at $4.36. Previously in my last video where I did a complete breakdown of MANA's current trend and breakout. We identified a clear doji star on Nov 11th, h&s breakout pattern, and retest of the neckline at the $3.50 level. My prediction: I believe MANA will catch support at either the neckline level just above $3.50 OR continue falling to the bottom of the channel between $3 - $3.30. Like, subscribe, and comment your thoughts! Thank you so much for watching. Cheers!
COINBASE:MANAUSDLong
by DeFiDeshaun
3
MANA - Bottom insight. next up $5.55 !?MANA has surged the last few days, giving some of us over 70% of gains. Now its time for a small retracement before it can make a next leg up. It looks like the chart is developing itself in such a way that an uptrend channel is forming, though in order to have that confirmed the price needs to bounce on the trendline. When looking at the price rejections on that level (when looking at the candles to the left) this seems like a very realistic scenario. At the time of writing its battling its way through the support after which I will try to accumulate a position, somewehere around $3.47. If that happens I believe a further move up is possible until $5.55 if it succesfully manages to pass the 0.618 Fibo line. #notfinancialadvice
COINBASE:MANAUSDLong
by JoshAMS
1
Confluence is everythingThe greater number of indicators lining up, the more a theory is supported. Given the lack of a crystal ball, it is easier to have an idea of where a trend change will occur (meta)versus when. For fun, not financial advice, I made a guess with a red question mark. In other posts, I've noted that although highly volatile, MANA has been behaving with relative predictability. It maps out the resistance on the way up for us to trade them as support on the way back down. My non-financial advice is looking at a number of indicators around the $1.57-$1.62 range for our next meaningful leg up. I like to have at least 2 strong confluent indicators and another weaker one before making a trade. The Macro fib .5, the Micro fib .618 (going up from $3.15 on Nov. 17), the shoulder of our textbook inverse H&S all line up with our lower trend line's approach to this area...that's 4 big ones. We've hit this trend line twice. Most major moves happen just above the 3rd touch, not quite making it all the way down because people start buying early as to not miss out. The volume oscillator is also about to touch the bottom for a reversal. Lastly, if you take the $5 high and then subtract the $2.20 low, divide that number by 2 and then add it to $2.20, you get $3.60...just messing with you, that's how the .5 Fib is calculated. If I had a crystal ball, I would put our next major move up on the 21st at about $3.60. My rationale for the timing is a stretch...but if you start on Nov. 3 when it took a small deuce, it dumped every 6 days, touching/creating the lower trend line, marked with red 'X.' The red '?' is where the crystal ball adds time as a function...but yeah, don't trust crystal balls, bad stuff happens when they crack. Regardless of where and when, find comfort in that MANA is clearly in an upward channel, breaking away from BTC and the overall greater crypto trend, and investing now puts you at the lower end of this token's potential value. I'm not going to predict $50 or even $25 dollars because that would need extreme market cap. and public sentiment can crush a commodity in a couple of days for no good reason. That being said, currently, sentiment is great, and barring a collapse there is no reason MANA couldn't reach $5, $9, or even $15 before the end of this bull run. That's all I have. These are just my ideas and not financial advice. Do your own research and don't listen to knuckleheads on the internet. It's been a fun and lucrative couple of weeks. Thanks for all the likes and follows...but what I would really like is some feedback besides "lambo and moon." Tell me what I'm missing. Tell me a joke? Tell me, "You da mana?" Good luck, spend time with your family, and trade responsibly.
BINANCEUS:MANAUSDLong
by keykomg
3
Mana on the rise again?Mana has seen a recent increase in Volume. It's strange to think that the meta-verse may become a reality but the money doesn't seem to stop flowing. About a month ago mana had its recent spike with Facebook changing its brand name to Meta. Now it's seeing more interest in the modern world with the Alt-meme coins Shib-Inu and Doge had gained popularity with the media as more and more investors gain interest. I currently own 55 Mana and I'm going to hold it for a more long-term investment.
COINBASE:MANAUSDLong
by NekoSamaUwU