MANA sideway before uptrendAs predicted from my previous chart, MANA would follow the upper trend without breaking the resistance. The question is when MANA would break the resistance to go above its previous ATH? SAND has surpassed $4.9/SAND, at first SAND would seem to be a good investment option. However, the top 20 holders of SAND own more than 82% of SAND, which is very insecure; while the top 20 holders of MANA total own no more than 56% MANA. In terms of investment with less whale manipulation and future for long-term investment, MANA is a good boat to choose with yearly >20% profit.
Back to the graph, the next 72 hours will be critical to see how the holder of MANA responds to the others competitor such as SAND.
This is not financial advice! DYOR!
MANABTC
MANA surpass ATH this weekend or not?In the past 24 hours, we saw a strong run for MANA with a huge accumulation from big investors/whale/traders. It is fascinating that MANA has been tested several times after it surpass $4.9 from its last time run (Oct 30th, 2021). The invisible hand tried to smash it down as I saw and I did think MANA would lose and bearish short time, however, it did not happen like that. MANA has tested at the $2.2 range then surpass that resistance to pass the next $3.3 resistance range to finally revisit its ATH resistance. The question is would MANA can keep up the momentum this weekend? Remember the last run when MANA started its run was on Friday, Oct 29th, 2021? MANA at that point was struggling around $1.3 to see the Saturday, Oct 30th, 2021 MANA run straight to $4.9. Would history happen again?
The current market cap of MANA is $7 Billion, the next upper of MANA is Internet Computer and Axie Infinity. In my opinion, MANA is much bigger than Axie Infinity in terms of the world, community, decentralization, and Dev team. We have to ask ourselves for real, what has happened with the crypto world since the beginning of the BTC run? If BTC is the gold in the crypto world, ETH is the foundation platform then MANA is the actual interactive space for the community. It is not a matter of game or trading or not, but it has the true value that puts the ETH/GAS/LAND/MANA into 1 ecosystem that even Facebook is aiming at.
Let's look at the leaderboard now besides BTC, we got LTC, XRP, DOGE, SHIB, BNB, BUSD, and BCH are competing with BTC to act as the GOLD/SILVER standard in the crypto world. Besides ETH, we got SOL and ADA are mainly the platforms fighting each other. For Defi, we got LINK, WBTC, LUNA, and AVAX. In the Metaverse, we only got MANA, AXS, and SAND are very strong competing with each other. So among the crypto world, we have seen major a lot of coins are fighting around the Coin/currency realm, then a bit of platform, then Defi, and some metaverse. But in reality, the one actually brings the chance to have a real capital market besides trading should be the Metaverse with the actual interaction of the community happened. More capital can make out of this Metaverse as it is the place for the content creators to thrive, the place for people to come and interact, the place for the need satisfied by the supply. Short, Metaverse should be the top 3 biggest market cap in near future.
In my opinion, this weekend would be important as we will see if MANA can surpass its ATH or not. This will reflect how confident the MANA holders are with the token. In the long term, I have high confidence this Metaverse is going to be top 2-3 of the crypto world; The MANA should be up there in the top 10 as when institutions started to invest in Decentraland, the MANA market cap should be above $40 Bil.
There will be 3 events in Decentraland this weekend and enjoy it ok?
The Hourglass Presents – Saint Samuel – Live Music
When: Friday, November 19 at 12:30AM
Where: -70, 79
Defector Dan, Collie Pixels, AstroMojis, and Petaverse
When: Saturday, November 20 at 1AM UTC
Where: 31, 90
MIL-SPEC NFTs Pre Launch Bar Crawl POAP
When: Sunday, November 21 at 3AM UTC
Where: 0,0
This is not financial advice, you should take responsibility for your investment! Don't trust anyone's words and do your own research before investing!
MANA! Reached TPMana! Once again %%% some great %%$$$.
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MANA might have a new ATH (cnt)As we are watching and seeing MANA merely surpass the recent peak. I do think this weekend, MANA would be able to thrive above $4.5 . The SANDBOX project just got pumped recently and MANA needs to get itself together to compete with other Metaverse outthere. MANA Holders, it is your time to drive this boat forward! This is not financial advice, and please be responsible for your investment!
MANAUSDT , Again we failed to break the resistanceHello guys
Did you be in profit these days ?
According to the last analysis we published , the price was moved to the resistance to break but its not pass and the correction was started and now at this time we are again attack to the resistance to break the resistance and because of the condition of the market and many others reason it cant pass the resistance and we have some correction and again ...
The kind of movement that we shown on chart can be happen for the price but be careful guys dont take SELL POSITION
The trend is upward and we are only ready to buy
If the price can break the resistance the new PRZ price is on our way
MANA is one the powerful project that works in game base
Previous analysis :
Dont trade with your emotional sense
Good Luck
Abtin
MANA might have a new ATHAs we recently saw how MANA is being adopted for real-world usage with Barbados nation ( a Caribbean nation) sign contract to make their ambassador on Decentraland. We are talking about a country that is currently ranked 68th out of 215 countries with huge exporting of liquor, jewellery, Cement, Orthopedic appliances. They also have quite good tourism and the top 3 strongest market exchange in the Caribbean. Short story, this country is a solid country but not a no-name. third-world country in somewhere in Africa or South America. As the Barbados ambassador project runs, more MANA would be needed to construct a real ambassador, maintaining and upgrading over time. It would possibly open a new interactive need for new travelers to access the ambassador to process visa and legal needs for tourism.
From a fundamental perspective, this is a very solid good project that comes to Decentraland. Regarding the trend with Technical Analysis, we started seeing a reversal trend (red arrow). I think MANA will have a very high chance to obtain a new ATH by end of this year. Considering this is a good present from Mr. Santa Clause. This is not financial advice, and please be responsible with your investment!
Barbados to Establish Sovereign Territory in the DecentralandThis morning, the Caribean island Barbados just establish sovereign territory in the Decentraland! As you may have known me with the pessimistic view on Decentraland. This time, I think MANA may fly high above $5 end of this year. This is not financial advice!
The article below
"The tiny island nation of Barbados is taking the bold move of establishing an embassy in the metaverse. Starting with Decentraland, the crypto friendly country aims to acknowledge the first sovereign territory in the virtual realm.
According to sources, Barbados sees the metaverse as the next frontier. A place to converge, learn, plan and connect with people from nations across the planet. Therefore, the embassies will provide an interaction point for metaverse travellers and allow for a tangible presence in the virtual and physical worlds.
The Barbadian Ministry of Foreign Affairs signed a ground-breaking official agreement with Decentraland, resulting in the right to establish a digital embassy on the platform. Barbados’ end game is to create a network of such locations throughout the metaverse. And to this end, talks are currently underway with fellow industry pioneers, Somnium Space, among others. All of which will eventually include a teleportation portal between the different realms.
Going forward, Barbados promises an “aggressive” expansion in the metaverse, providing official Barbadian locations that abide by international law, and the Vienna Convention, resulting in a unique diplomatic opportunity for Barbados, its government and its people. The first location will open as early as January 2022."
Bull vs BearThe MANA after getting a short pump has once again gone into side-way consolidation. It is interesting to see how the BTC run might affect the future of the MANA. I personally would take the perspective of Holder which prefer to see the price drop to an agreeable range for more entry opportunity. It seems we have very good support from the previous shoulder, however, I still think the bear is going to take over to push the price of MANA downward furthermore. The recent bust of Decentraland trading parcel on opensea has increased 65% and is currently ranked #14 in opensea. The reason why I mentioned this is when you go to the metaverse, there are 2 major things you need to take into consideration are cloud systems and gaming/application. As of now, people are busy buying and selling Decentraland parcels, which means not much MANA would need to be burned yet as the land are still sole in ETH and MANA token only being used to develop or buy items inside MANA metaverse. However, this bear trend is a good accumulation for new investors or people who want to enter if you missed or reinvesting. The reason is 6 months from now when MANA is actually being used and burned to develop on the parcel. Yes, that is right, I think in the current situation Decentraland is in its adoption stage before the tokens are actually being used for real purpose in the metaverse. So I drew 2 scenarios here, a bullish one is when people actually realize the usage of MANA and the power of MANA token in the metaverse; the bearish one is when the hype fades away and people put money without knowing what MANA and Decentraland are for and got their hand to burn hard. After those "to the moon" boys left and BTC run to 120K, the leftover is the true investors which are the backbone of the support lines here. This is not financial advice but merely my perspective, please be responsible with your own money!
MANA about to break out! - Keep an eye on this! Here's a quick Look at MANA 1 hr chart. As we can see, the price has been forming a falling wedge and we could see a break the upside soon! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above falling wedge with good amount of volume .
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The idea is: Buy when the price breaks above falling wedge and take profits at the levels shown in the chart.
Targets:
1. 3.35$
2. 2.47$
3. 3.75$
4. 4$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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What will be the next move of MANA after it breaks the pattern ?MANA In 4H time frame appears with a Descending triangle pattern, with it's resistance as above trendline and the support zone
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* Price above the resistance is bullish .
MANA IS GOING TO RIP!This is as good as it gets fellas! MAJOR move incoming after a break of this flag. NFT projects have been pumping recently, esp. this one, expecting a rip thru this consolidation flag and a move the the 3.618 fib level with little drawdown in between
- note: flag could break downwards and form a channel, that is the only other option I see with this coin. I will be playing a breakout of a channel as well
MANAUSDT Technical Analysis⏳ Spot
💎 MANAUSDT has formed asymmetrical triangle. After the breakout I expect a retest and pullback before it continues to go higher. You also can wait for a pullback and when you see bullish setup open your trade.
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🏁 Short & Medium Term
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🎳 Entry Now or at 2.5367 - 2.9649
☕️ TP1 3.1400
🍺 TP2 3.4646
🍻 TP3 3.8405
🍾 TP4 4.1950
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 2.5367 - 2.2313
Good Luck 🎲
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Is this a dead cat bounce on $MANA?Okay, lots of mana FOMO so i'm here with not so good news.
However, this to me looks like a blow off top.
what happens with a blow off top is that it retraces and tests the golden pocket after an irrational bullish leveraged euphoria rally
this confirms a dead cat bounce, or what it's called in the market cycle
"we're just cooling off"
What invalidates this?
If we break the golden pocket. (3.53) and closed the day above it. then the rally may perhaps continue.
Cheers!
@bitmoey
MANA/USDT 15M UPDATE Welcome to this quick
Mana/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- mana/usdt is ascendimg tringle pattern conform and retest and buy the dip
Entry:- cmp And buy the dip in green zone
Traget:- 15% to 20%
Stoploss:- $2.80
Remember:-This is not a piece of financial advice. All investment made by me is under 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.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...