🚀GALA: trandline breakout! Is it possible now?The Gala rebounded nicely after the fall, but after that it made long traders fuel for a 30-40% drop. Now traders in the crypto market are scared and do not understand what reade to open (long or short?). In this idea I will tell my thoughts about Gala, closest targets and preconditions for a possible long.
What can be marked out on the chart?
1. the price rebound of 100% after the fall, caused many traders to buy in. After the last drop to $0.65-0.68 support, most had to sell their GALA.
2. Rising volumes every time the "bottom" was tested. On the volume indicator, you can see the volumes rising every time and the price bounce. A sign that someone may be accumulating a position.
3. 2 unsuccessful tests of the trend line and a return to it. A positive signal, a sign of bullish strength.
What to expect in order to open a long position?
🔶A squeeze under the trend line.
🔶Watch for Bitcoin, which should also look strong.
Another liquidity pickup below the $0.65-0.68 support level is possible. Keep an eye on volumes, which should rise in this case.
Targets for a long:
1. $0.094-0.1
2. $0.11-0.12
💻Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Mana
#MANAUSDT 3 trades in one chartMANAUSDT is printing inverse head and shoulder patterns while BTC is testing the 28.2k support level.
There are three cascaded trades that I am seeing right now with good risk to reward ratios.
Trades are explained in the chart.
If you take the trades... please use the SL in every one of them.
MANA is Going to Be Bullish Soon!MANA is in a Bullish Flag Pattern.The Price is gonna Increase soon But No Break out has Happened yet Be ware of that! The Pattern can also Considered a falling wedge Pattern as well which is also a Bullish Pattern. The Price is gonna Increase as much as the Flag pole or At least to the Top of Falling wedge !The Next Target and Resistance is around 1.65$.
-MANA is in a Bullish Flag
-MANA is also in a falling wedge Pattern
-(AB=CD)
-Price is gonna Reach 1.65$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
MANA - Destination LOWER-VERSE You know our preference is SANDBOX:
MANA gave us some great trades, especially the short at 3$:
and more recently at 1.2$:
Painful but hey guys: Take a tour at DECENTRALAND and you will figure t out: Nothing works there anyways, why the surprise?
One Love,
the FXPROFESSOR
Mana breaking major trendlineMANA
Broke trendline on daily chart, could show us some more upside if bitcoin doesn't break to downside after finnishing pennant (getting close).
Big pump because of some news:
"The 2022 Decentraland Game Jam is here!
After a long break, we are incredibly excited to share the news that Decentraland’s Game Jam is coming back for 2022! Game Jam will run from May 17 till June 14."
SL 0.95
targets 1.38 --> 1.68 --> 2.05-2.20
This is not financial advise, information purposes only!
Mana is full. Ready to cast magnifiscent spell🌈 At current market we have to be careful. If on breakout we see volume, it's better to close trade straight away. Use half the volume.
Reasons to take long
⭐️ BTC in range
⭐️ Accumulation 10 days
⭐️ Level is 51d old
⭐️ Level is visible on multiple timeframes
⭐️ Buyer appeared at bottom
⭐️ Volume at bottom
⭐️ 4th touch
⭐️ 30 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Mana bearish triangle going to 0.63Mana has printed an descending triangle with decreasing volume, according to my strategy this is a book short. As you can see in the chart mana failed to break through 1.35$ level witch is a strong resistance and then the price kept decreasing till the 1.02$ drawing the mentioned pattern.
I will use volume as confirmation for this pattern because in my opinion decreasing volume precedes a big move.
It is not wise full to see the pattern an then rush in crazy mode. I think that it would be nice to wait to see a 4h close below the 1.02$ level before entering.
And of course you always have to take in to account the Bitcoin situation, if Bitcoin pumps it is going to ruin this setup.
Now we have two choices to enter :
-Enter now at 1.026$: with stop loss at 1.063$.
-Enter at the 4h close blow 1.02$ with stop loss at 1.06$.
-Enter in the retest of the breakdown if there is one with the same stop.
The targets are previous low 0.636$ and past low 0.368$.
I will personally enter now at 1.02$ with stop loss at 1.063$ with a 5%(0.968$) profit i will move the stop loss to entry.
Regards and happy trading.
MANA/USDT Short-term bullish sign!Hey Colleagues,
Today we came across MANA/USDT. We see a great short-term opportunity for this coin to have a major pullback back to the $1.45.
There are two scenarios for this coin but both would have same outcome:
1) We move to $0.83 from where we would bounce back up.
2) We will move to $1.34 where we would try to break the resistance and make from it our new support.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
🆓Decentraland (MANA) May-19 #MANA $MANA
The $1 zone is a very important support for MANA at the moment, MANA can still turn up strongly from this zone. However, we should be careful because if it loses this support it will face a sharp drop towards $0.7 or even $0.5 before recovering. However, the current price zone is still very good for long-term accumulation. Pay attention to capital management and risk management to avoid unnecessary losses in the near future
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1$ zone
🔴Buy : 1
🔴Sell : 1.2 - 1.4 - 1.7 - 2
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1$ zone
🔵Sell : 1
🔵Buy : 0.7 - 0.5
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
BITCOIN on TrendLine SupportAccording to the chart is in the important range of dynamic support trend line. If this line is broken, we will see more falling trend. And if this range is maintained, we will expect the trend to return.
If the line breaks, the analysis process will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
[ALTCOIN] MANAUSDT FALLING WEDGEHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
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Chart Analysis Content -
FALLING WEDGE
MANA - Intraday Short (we hedge)Hi everyone, market is recovering but we always need to hedge with some short positions.
So, here you go with a MANA short we take today.
remember: we are BULLISH at the moment and Long on BTC, FTM,SOLANA, GMT so we need to hedge.
May this idea not go well for us but we ALWAYS need to be careful:
One Love,
the FXPROFESSOR
#MANA/USDT 1HOUR UPDATE BY CRYPTOSANDERS Hello, community members welcome you all to this MANA/USDT 1hr chart analysis.
mana/usdt1hour analysis and cup and handle complete and buy green zone.
leverage:-5x to 10x leverage
entry:-$1.11,$1.16
target:-60% to 80%
stoploss:-0.9910
Remember: This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade...
happy trading...
thank you...
MANA Took an Early Recovery on the Support Level Price recovered from the decline very early from the support formed. Here we can see that price move back inside the lower boundary of structure while this has a chance to reverse one more time before the lift off. A bull requires a bullish breakout to be confirmed first on the resistance formed.