#MANA/USDT#MANA
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.5240
Entry price 0.5317
First target 0.5434
Second target 0.5570
Third target 0.5732
Manausd
ManaMana usdt Daily analysis
Time frame daily
Risk rewards ratio =2 👈👌
Target 1.1$
mana is one of the gaming tokens that offers earning potential . explore the potential of gaming tokens, offering lucrative opportunity in play to earn and virtual economies
Technical: mana had a good growth to ex high price but couldn't reach to new high in this year. Price fell down to save energy and now is the best time to pump and break strong resistance boxes ( red boxes in fhe chart) and reach my target on 1.1$
But if it can't break the resistance, don't worry. New year holidays will help to gaming tokens like mana and sand and etc.
MANAUSD a 1-year parabolic rally is starting. DON'T MISS IT!Decentraland (MANAUSD) almost touched its 1W MA200 (orange trend-line) last week, following the bullish break-out above the Bear Cycle's Lower Highs trend-line 3 weeks ago. This is the last confirmation it needs before it validates the Cycle's parabolic rally as the 1W MA200 was were the price was rejected on March 04 2024.
This sequence resembles the bullish break-out pattern of August 03 2020 that also turned the 1W MA50 (blue trend-line) into Support and after a consolidation, by late December 2020 it initiated the parabolic rally.
This rally rose by +3390% before the first correction back to the 1W MA50, so if MANA continues to repeat that previous Cycle, it can rise as high as $18 before it corrects. The 1W RSI sequences between the two fractals also highlight their striking resemblance, as both are rising on Higher Highs on a Bullish Divergence against the price's Lower Highs.
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MANAUSDT Set for Channel Breakout!MANAUSDt Technical analysis update
BINANCE:MANAUSDT price has formed a descending channel on the weekly chart, which has been developing over the past 930 days. The price is now approaching the channel's resistance line, with rising volume observed in recent weeks. Additionally, the price is trading above the 100 EMA. Once the breakout is confirmed on the weekly chart, a strong bullish move can be anticipated.
#MANA/USDT#MANA
We have a bearish channel on a 4-hour frame, the price moves within it and adheres to its borders well at this price.
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 0.5858
The first target is 0.6526
The second goal is 0.7243
the third goal is 0.8046
#MANA (SPOT) entry range( 0.2510- 0.3110) T.(0.5990) SL(0.2388)BINANCE:MANAUSDT
entry range ( 0.2510- 0.3110)
Target1 (0.3819) - Target2 (0.4660)- Target3 (0.5990)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.2388)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #MAV #ZRX #ID #AXS #MANA ****
MANA is gearing up for a major breakthrough!I'm a big fan of meta universes and couldn't just not make a plan for MANA, the leading project in this area!
We are technically above 50 EMA and preparing for a breakout from the parallel channel. The project has a capitalization of almost 1 billion and I would expect a hike to the $3 per coin area and reach a capitalization of 6 billion, which corresponds to the 0.5 fibonacci level.
This is a huge prospect considering that the next coronavirus analog as well as potential VR development will attract new investors to the project and send it into the space!
Horban Brothers.
#MANA/USDT#MANA
The price is moving in a descending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at 0.2980
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.2988
First target 0.3045
Second target 0.3121
Third target 0.3200
The medium term of MANA is super bearishMedium term MANA is super bearish
According to the waves that formed in these last two months, the scenario of MANA has become clearer.
It looks like we have a big ABC, and wave B is a triangle.
The last triangle wave of wave B could end in the red range and then we could see another bearish trend for MANA in the medium term.
This is the vision we now have for MANA.
Closing a weekly candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MANA looks bullishIt looks like we have an ABC on the chart that wave C is ending.
By maintaining the green range, it can move towards the target.
The short-term target can be the red box
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MANA Technical AnalysisMANA is in a bearish trend with the price trading below the EMA 200, after rejecting from it the price declined to the $0.3231 support level and holding above it.
If the price manages to hold above at $0.3231 level we could expect a bounce back to the next levels.
If the price fails to hold the $ 0.3231 level it will move towards the next support zone Yellow at $0.2638 - $0.2845.Which is the best buying zone.
While the price is holding above at $0.3380 we can take some entries here and do some entry at the next Yellow zone.
The volume will also be a key factor to watch as it can provide insights into the strength of any potential moves.
Will MANA Support hold ? Get ready for both scenariosBINANCE:MANAUSDT (1W CHART) Technical Analysis Update
MANA is currently trading at $0.331 and price is trading around its support zone, we are not sure if this support will hold and price bounce back from this support zone. We need to consider both scenario for entering the trade here, for long trade we will enter only after a green weekly candle above the support zone. For short trade we will enter if the candle closes below the support zone.
-- LONG Trade --
Entry level: Green Weekly candle above support zone
Stop Loss Level: $ 0.2526
TakeProfit 1: $ 0.4561
TakeProfit 2: $ 0.5931
TakeProfit 3: $ 0.7804
-- SHORT Trade --
Entry level: Candle close below support zone
Stop Loss Level: $ 0.3487
TakeProfit 1: $ 0.2038
TakeProfit 2: $ 0.1644
TakeProfit 3: $ 0.1198
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Decentraland a.k.a. MANAUSD May Have Formed A Bullish SetupDecentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3.
We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.