Mana
MANA: Slow but Steady ConsolidationSame chart as two days ago...still consolidating within range. As much as it is following the parallel channel(s) for a bullish scenario, should supports fail, the bearish M pattern is still on the table. Just below $0.81 and again at $0.91 will bring resistance should MANA break higher. A drop below $0.59 would invalidate the C&H. This is not financial advice. Keep an eye on the price. Apple news is always great, but they will ultimately do their own thing...because that's what Apple does. Do you own VR products or just trade? Adoption is key...consider investing in some hardware.
MANA: Pullback in UptrendDecentraland (MANA) technical analysis:
Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes, which are indications of bullish trend reversal. Pullback near $0.60 support could be a swing entry in Uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
MANA $1.20 boundMANA broke the resistance of the macro descending channel (orange) 4 days ago and is currently still above that zone. Although there is a potential 'M' pattern forming (red), there is tremendous support all the way down to $0.59. I think the latest momentum and industry growth leans toward a more bullish scenario. Although these are simply my views and not financial advice, I believe MANA is going to follow the micro descending channel (aqua) as part of a greater ascending channel (green) as it completes a cup and handle pattern that began November 4, 2022. Should MANA break below these channels, in favor of the M pattern (red), I would expect the price to dip back to the $0.30 area.
MANA: Approaching ResistanceDecentraland (MANA) technical analysis:
Trade setup : Price broke back above $0.42 and $0.60 key levels, and above 200-day moving average, with robust volumes. Trends have reveresed to an Uptrend. Now approaching $0.75 resistance and is overbought (RSI > 75), likely to pull back some, before resuming uptrend.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.60 (previous resistance), then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
🔥SOL IS UNSTOPABLE: WHERE TO OPEN A LONG TRADE AND MAKE +40%?🔥Hi, friends! Do you remember how many FUD we hear at $8-9 lows? This is another reason to not listen to the news, trust your trading strategy and me, of course.
Now Solana made +200% from its lows and needs time to accumulate power before the growth. Here is my trading plan for Solana.
📊 TRADING PLAN FOR SOL:
🔥 return to imbalance (yellow area) and it's a partial close
🔥 false breakout of the $20 key level (red round)
🔥 volume growth
🔥 bullish BTC
🚩 The squeeze to the trendline could be also a good entry point, but in this case, pay attention to BTC and the false breakout (long traders trap).
✅ THE MAIN TARGETS FOR SOL:
🔥 $24-25 - the order flow
🔥 $28-29 - the order flow
🔥 $39 - the key level
Do I have followers who bought Solana at $8-10? Let me know in the comments!
Traders, it's important to use sl during a such volatile time. Be careful and stay tuned to get more profitable updates!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Decentraland MANA showed good growth, but may be a correctionFor more than a year, the value of game tokens has shown perhaps the most painful fall.
But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase.
At the time of writing, the value of MANAUSDT has increased by +166% in 17 days.
In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile.
Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time.
Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead.
If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?"
Please write your answers in the comments below the idea
_____________________
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MANA: CYCLE COIN ON RISE $1.70 TARGET ITS BACKMANA is one of the cycle coins that have a high chance of breakout in the coming time.
We have a list of study cycle coins and Mana is one of the coins.
We expect that this coin going to break out the coming time, and we expect that this coin is able to target $1.70 "
One year ago this coin did $5.90 and depending on our study it's able to do $1.70
The point between $0,74 and $0,80 is a breakout point
We have a list of 13 cycle coins from all trending coins, and Mana is one of them that goes into a high breakout coming time.
It can be supported againMANA has registered more than 17% price growth in the last 24 hours. Resistance in the range of $0.56 to $0.65 was considered for MANA, which was broken by strong candles. If the high price of this area stabilizes, it can be supported again. In this case, the next targets of the buyers will be in the range of 1 to 1.10 dollars. Another point is that the break of the ceiling of the main descending channel was without a pullback, which is a sign of the strong strength of the buyers and the reversal of the trend in the daily timeframe. So if we have a correction, the second support is considered in the $0.50 range.
✳️ Decentraland Hit Bottom vs Bitcoin | Looks Great Long-TermThis chart looks so good that I had to stop to share a trade signal before writing this article...
So, what do we have here?
Decentraland (MANABTC) has gone through a massive correction/bear cycle.
MANABTC dropped by 83% from its All-Time High.
Now, altcoins vs tether (ALTSUSDT) pairs tend to correct by 93, 95 and up to 98% from major bullish cycles while the altcoins vs bitcoin (ALTSBTC) pairs are a bit different, they can correct 70, 75, 80 and up to 85%.
Some altcoins vs bitcoin pairs won't be go to 50% in its bear market correction while others move inverse to bitcoin and go bullish while the rest of the market drops.
Just a small detail to keep in mind.
Going back to Decentraland vs bitcoin, the RSI hit its lowest ever and is now starting to reverse.
As a bullish pattern we have a perfect falling wedge and a broken downtrend.
Early signals of the upcoming bottom came in November 2022 with a high volume week.. Afterward the volume continues to drop as the new low is hit.
With sellers exhausted this pair can change trend and start to grow.
Easy/first we will see a 75%+ price jump and hit 0.00003700 btc on the way up.
This will be followed by 230% at around 6880 satoshis or 0.00006880 btc...
We can even try an calculate the next high based on the Fibonacci extension numbers... This is what I see:
534% Possible (chart below)
That's it for Decentraland vs bitcoin... Very low risk, high potential rewards.
Remember to plan if you decide to buy/trade.
What would you do if prices crash?
Hold? For how long will you hold?
Sell at a loss? When would you sell, at which price?
What would you do if things go as planned and MANABTC breaks up?
Will you hold, yes? For how long?
Will you sell? When and how much?
Answering these questions will lead to maximum gains, reduced stress, controlled risk and long-tern success.
Quite simple isn't it?
Come and play this game.
Namaste.
MANA Long SetupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MANA Long Setuphi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bunch of Altcoins that show ACCUMULATIONThis is copy past & can't put all charts here
Please see our TV profile
1
VOLUME is IMPORTANT
Some #crypto showing ACCUMULATION
DO ur DD!
$GNO & $LTC up decently
$FARM
$SOL always issues but COULD be buy on pullbacks
These ALL are 50%+ fully diluted mkt cap valuation
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2
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$FLOW sexy
$MATIC NOT as heavy, missed big chunk but still there
$XTZ
$MANA
$SAND also but huge unlock coming
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3
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$ADA but some selling already, cautious
$ENJ not super heavy but breaking downtrend
$JOE
$LOOKS could be beginning
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4
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$KEEP Hit limits & want back in
$XLM & $REN has some
$WAXP VERY good but keep eye on sell volume
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5
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$IOTX
$ZIL
$ANKR
$SHIB
To unleash the rising power...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
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Have a nice day.
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(MANABTC 1W chart)
In order to release the power of a full-fledged rise, it is necessary to check whether it can rise above 0.0000 3732.
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(MANAUSDT 1W chart)
In order to continue the mid- to long-term upward trend, the key is whether it can rise to the 0.7051-1.0952 range.
(1D chart)
If possible, the question is whether support above 0.6537 can lead to an upward move above 0.7051.
If not, it falls
1st: around 0.58
2nd order: around 0.4970
You need to check if it is supported in the 1st and 2nd sections.
If it falls below the 2nd section, there is a possibility that it will turn into a downtrend.
when it rises,
1st: around 0.8387
2nd order: around 1.0952
It is necessary to check whether the 1st and 2nd sections are touched.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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MY MINIMALIST CHART ANALYSIS FOR MANA$MANA
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
09.01..22
0936H +8 SINGAPORE
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.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Entries for a BULL SWING when $BTC starts up and running.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20-30. It has been accumulating for the past 4 months and is in a zone where it is very attractive for BUYERS.
Bitcoin is also holding strong support at the 20k zone and is shy away from being oversold at the point of the previous capitulation.
1. Mana is close to being in the zone of capitulation and is a sign of strong support.
2. Because of FUD, it can push further down to our third entry at its lowest.
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
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.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
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.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.
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!