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Mana

The price has hit a key resistance in the $0.577-$0.650 rangeMANA has recorded a growth of over 30% in the last 24 hours. The price has hit a key resistance in the $0.577-$0.650 range, and this strong upside move has pushed the price out of the main bearish channel. There is a possibility of a negative reaction and the formation of a range zone for MANA. The trend change has been observed for some time in the daily timeframe, and pullbacks to support points can bring a positive reaction. The first and closest valid support is considered to be in the range of $0.485-0.458, which, hitting this level if there is a positive reaction, can bring the price back to the previous ceiling in the range of $0.650.
by MonoCoinSignal
5
MANAUSD Invalidated two bearish patterns. Aiming at the 1D MA200Decentraland (MANAUSD) broke today above two bearish patterns, as shown on this 1D chart, a Channel Down (blue) and a Falling Wedge. At the same time it is trading the higher it has been above the 1D MA50 (blue trend-line) since November 2021 and the peak of the previous Bull Cycle. All this while the 1D MACD is above the 0.000 neutral point with the green and red histograms rising since August. This is a major bullish break-out for MANA, which is now targeting the 1D MA200 (orange trend-line), which has been untouched since April 05 2022. The short-term target and Resistance is the 0.382 Fibonacci level but at this point, MANA looks poised to make contact with the 1D MA200 (orange trend-line) for the first time since April 05. A closing above the 1D MA200 would take us officially into the new Bull Cycle. On the short-term the upper Fibs can be used as gap filling targets. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:MANAUSDLong
by TradingShot
2
MANA: Resistance Breakout!Decentraland (MANA) technical analysis: Trade setup : Price bounced off of $0.30 support and broke back above $0.35 resistance, with robust volumes (healthy demand from buyers). Momentum is bullish (MACD, RSI). (set a price alert). MANA and other metaverse projects (ENJ) have failed to sustain growth in their usage after initial burst of activity nearly two years ago. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.30. The nearest Resistance Zone is $0.35, which it broke, then $0.62.
Long
by altFINS
✴️ Decentraland Hits Bottom, Bullish Cycle To Follow!We have the same situation here as we saw on the MANABTC pair (check 'Related Ideas' below)... The RSI at its lowest level ever, trading volume decreasing to almost zero as new lows continue to be hit... The bear cycle here produced a 95.19% wave, that is minus/negative (-95.19%). If this isn't the bottom we can very easily say that we are very close to it... This is the greatest thing about trading... On the way down you can only lose 100%, maximum.. On the way up you can go to 300, 500, 800% or more. Look at Dogecoin back in 2021, over 5,000% and the downside is always limited, the upside has no limit... Welcome to my world. You can clearly define your risk but there is no limit as to how much you wan win. Ok, this is a long-term chart, we are using the weekly timeframe. Time to grow! Very simple! You can pick your target... My job is to alert you when the trend is about to change so that you can buy early... Once things start moving up you are a winner, regardless if you take out 70% (easy), 200%, 370% or 10,000%... Whatever you do and how you do it is completely up to you. My job is to shake you and tell you... "Wake Up, Things Are About To Get Good!" A massive bullish wave is upon us... It cannot be stopped, the market wants it, the market supports it... The bullish wave is the market. Just as we lose money when the bear market is in full swing, regardless of how hard we try we still see loss after loss... When the cryptocurrency market goes bullish, it will send money to your pockets even against your own will but if you plan now you can maximize your results. Namaste.
Long
by AlanSantana
2
Mana is very technical & BullishHello everyone, As per the simple technique of smart money concept practices, there is a premium and discount zone on every asset while ranging right now mana rebound and printed a inverse head and shoulder along with good market structure to upside, my overall target is 0.5 of this Gan box which can hit and reject hard ! so becareful in your positions and take profit dont be greedy trading is always risky and 90% of the traders lost so only do paper trades and practice makes the men perfect. regards, Hedgers.
Long
by TheHedgerss
A reversal pattern is formingDuring the last weeks, MANA stopped its downward trend at the support area of $0.30, and it is forming a reversal pattern. Confirmation of this pattern requires buyers to push the price back above the $0.35 range. In this situation, the RSI indicator has also formed a positive divergence, so if the RSI returns above the number 44 in the daily time frame, we can expect the formed floor to be a significant support for the trend change. The short-term targets we can consider are $0.35 and $0.42. The second resistance is at the ceiling of the descending channel and can have a strong negative reaction. Therefore, the saving range of profit for buyers will be short-term. For the short term, three bullish candles with larger bodies than shadows can be a sign of buyers gaining strength, which we expect to see a further increase in price this week.
by MonoCoinSignal
10
what will happen to MANAUSDT after 100% fallinghello as you can see MANAUSDT is in the support key level and after nearly 5 months of falling it may be time to increase a little after touching the lowest level of the channel all you need to know is in the chart good lock The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
MANAUSD Don't let this pump fool youWe haven't looked into Decentraland (MANAUSD) since June 03, where we called for a bearish continuation unless the 1.13500 Resistance broke: As you see the Channel Down extended and the Resistance hasn't been broken up to this date. Despite today's +10% rise, the price remains below all 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and 1D MA200 (orange trend-line), always within the 6 month Channel Down. As a result we should have high hopes on this short-term rise, the only pattern showing a bullish extension is the mid-May/ June fractal showing a Channel Up but still that would be limited to the 1D MA200. Only a break above the 0.74500 (Resistance 1) level can be considered as a long-term bullish break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:MANAUSD
by TradingShot
2
Possible MANA targets/price action map for months/weeks aheadBased on price levels/support&resistance & fibonacci's that somewhat align. This is obviously just an idea, to scout possible overall movement. Definitely not trading advice. I thought it'd be interesting to post it now well in advance to see how accurate it plays out. I've been sort of "reverse engineering" my trades here as of late, and this tests that theory. Here are the hypothetical targets: Up to 5700 Down to 1950 Up to 3800 Down to 1100 Possible pop to 1950 Down to .02
by UnknownUnicorn1935796
1
MANAUSD 'D' - Sitting on a Cliff Edge!MANAUSD is looking a little precarious right now, it's just broken below a recent (and historic) level of support with not much in the way of resistance until a healthy 20% drop has taken place. Not to worry, Crypto Tipster v2 is offering us a Short signal, profits to be made on market swings in either direction! We'd set a reasonably tight Stop on this Short trade, with a take profit somewhere between the 15-25% mark depending on your attitude to risk/reward.
KRAKEN:MANAUSDShort
by theCrypster
1
MANA Decentraland Price PredictionIf you haven`t sold the huge Head and Shoulders Bearish chart pattern: Then you should know that Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum: The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable. Token and stablecoin holders might panic and start liquidating their holdings. In this context, price target for MANA Decentraland is $0.62. Looking forward to read your opinion about it.
Short
by TopgOptions
1
MANA - Technical review and analysisDuring the last week, MANA has registered a range trend between the specified levels. After the resistance level of $0.410-$0.417 was not completely broken, we again saw a decline in the price for MANA to the indicated support. Support is seen in the $0.362-$0.370 range, and a very positive reaction is seen at this level. Mana has grown by almost 7% from this area, which due to the short-term upward trend of Bitcoin and exit from the range channel, there is a possibility of the price of Mana continuing to grow and retesting the resistance level of $0.41. But the resistance that can break the upward trend in the 4-hour time frame is considered in the range of $0.423 to $0.441. There is also a minor resistance in the range of $0.406 to $0.411, which is still close to this range in the lower timeframes. not seen Therefore, in the first encounter, we expect a negative reaction from this level. The closest support to the current price is in the range of $0.383-$0.387, which has seen a good positive reaction after breaking this resistance. So it can be a demand area for price growth. The formation of a positive RSI divergence can also help the short-term trend to rise.
by MonoCoinSignal
4
BTC has more downsideAfter large sellofs we saw an uptrend in this channel here. With a few breaks above channel as seen by triangles and dipping back into the channel it gives me some indication that it doesnt have what it takes to stay above that upper trendline and cannot break above this resistane channel. Each break above decreased in size and failed to do so in the last attempt showing weakness. I am expecting a breakdown. Trade safe have fun! Like and follow for more like this!
Short
by Verum0
1