Mana
Bullish Scenario #2Depending upon where the breakout happens in the symmetrical triangle that would be confirmed with the C&H (purple), I think MANA will rally closer to $5 with an approx. $1.3131 rise in price from breakout. This is just an idea...not financial advice. I will feel better about all these ideas, of course, once MANA breaks from the descending channel (green). MACD is starting to point upwards on the daily. Once it crosses, I think it will shoot above the histogram, supporting this large pump.
Breakout Eminent 2: adjusted for time.Numbers haven't changed but in the initial post, we had no idea when it would break out of the descending wedge. Assuming that the bottom holds, from where the actual breakout occurred, the shorter-term target, oddly enough, is exactly $4.50. Crypto loves round numbers. Just like the original idea, this is not financial advice, just an idea that seems to be playing out should the rest of the market cooperate. Do your own research...let me know if I'm missing something.
Crypto IndexTotal crypto market cap analysis is very useful four major cryptocurrencies and real scenario of future in the crypto world so look it carefully, it have measured trendlines and measure support and resistance levels I have no money to do trades but I have something to give people which is my learnings.
MANA is going up from here! BINANCE:MANAUSDT
Mana is surely need to go up from here, and can only fail if BTC truley falls into the bears hands.
we have:
1. 68% on the fibonacci level acting as a support over all when we zoom out. a strong clue that the big picture bull run is still in progress.
2. bulls triangle with a breaking green candle with nice volume.
3.visible divergance on the rsi indicator indicates a short term trend reversal.
4.clear resistance levels on the volume profile indicator that can easily act as support if we are moving over allthough we need to track carfully those spots. may be a rejection, take profits smartly.
5.clear and nice cross on the macd indicates a possible trend reversal.
6.100 EMA golden cross.
7.reversal breaking EMA's of the vpvr indicator on the 4H chart.
take profits level are : target 1 - 3.6 target 2 - 3.9 target 3 - 4.6
too much signs for it to fail although crypto s truly sometimes unexpected, calculate your risk wisley.
"not a financial adviser" "only an idea"
$MANA 4H 50MA turns from resistance to supportPrevious resistance becomes support.
As you can see on the ride up, the 4H 50 MA acted as very strong support up until RSI and MACD boiled over and there was a large correction.
On the way down, anytime MANA tried to gain some ground back it was rejected by the 4H 50MA.
Hopefully, this level holds and MANA can continue on its next leg higher.
Next Targets:
$5.05 (.786 fib)
$5.91 (1 fib)
$7.23 (1.272)
$8.03 (1.414)
$9.33 (1.618 fib)
MANA BUSD FORECASTDear patrons,
Hope you are doing well.
Forecast for new trade setup of MANA/BUSD (Decentraland)
On Daily Time Frame Chart MANA breakout descending triangle and moving up.
support area is marked in purple.
RSI is showing over sold and now moving upwards.
Volume is increasing
MFI is moving up
Targets have been marked
ROI is good.
Good luck
signalsforecasts
Be vigilant and stay Strong As I have mentioned before, be greedy when people are scared! I think we are coming to the final end of the side way as BTC is volatile and MANA is still holding strong with strong support $2.9-$3.1. Stay strong brothers, It is the test for the new ATH soon! The rewards may come unexpectedly by Christmas!
This is not financial advice!
#MANA (update)In 4h timeframe Chart, Consolidating in Falling Wedge Pattern.
Volume has been Continuously Decreasing since 25th November High.
Now, Expecting Upside Breakout but Bulls Need Decent Volume for it.
In Case of Upside Breakout, Target would be ~5$ ✍️
$ETH analysis in 4H TF : 12.15.21Examining #ETHEREUM chart in 4-hour timeframe, we see that the price has lost its first static support and is now pullback to the broken level . If the bitcoin's bearish scenario confirm , we can expect the price to fall to lower levels of $ 3,500, $ 3,300 and $ 3,000. Otherwise, with the break of the descending channel, the uptrend can continue in the mid-term and the price can see the higher levels, such as $ 4,800 and even $ 5,000.
Bearish Scenario of #BITCOIN :
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.DEC.2021
⚠️(DYOR)
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