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I am very Bullish on MANA right now and I will explain whyI am very bullish on MANA right now as I am a fundamental analysist with analyzing both team, cash flow, cash distribution, and another part of the project before investing in anything. MANA is different than SAND boy with a recent boost. If you have some time to go to coinmarketcap and check the holder of MANA and SAND, you will realize top 100 holders of MANA only hold 78% MANA token (these holders include the Dev team, and I think they are the top 2 wallets with ~185mil MANA) compared to 96% SAND token. Remember, MANA has 1.8 Bil MANA tokens currently circulating with a Total of 2.1 Bil MANA tokens available (That is right, roughly 300-400 mill MANA are held by the MANA's Dev team). This is very decentralized! Compared to SAND with 800Mil token in circulation and the Dev team hold 2.2 Bil Token of SAND. You can also make a note of the MANA's price jump price from Nov 11 till Nov 15, and check the holder portfolio during this time. It shows the top 100 holders of MANA actually buy back MANA during that time to make the price jump from $2.5 to $3.6 and sell out the same MANA to make the price drop down to 2.9 during these 5 days. What happened is that people kept buying in and holding it for long rather than shortening on MANA. This is the very important key point here, the new MANA's holders majorly have an investor mentality for the long term. Since that buyback and sale from the top 100 MANA holder, the MANA price has been very stable growing up until now. The whole goal of MANA is not to make you a rich FOMO boy, but to distribute tokens to make it become more decentralized, and currently, it is the most decentralized metaverse out there with the lowest token percentage for top 100 holders. If you do the same analysis for SAND you will realize the top 100 holders in SAND and others have a very different strategy and they tend to have a longer time frame to accumulate and sell off the token. After we saw the price jump on Nov11-15, we can see how capable the MANA top 100 holders can do, however, the main point is MANA needs to be at a low price to attract more people to it. The one that is going to attract more is the real estate management companies. Within 24 hours, there was a Canadian real estate company purchased $2.5 Mil worth of land on Decentraland right on the fashion district. The article is following (you can google search it): ----------------------------------------------------------- "On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland. Specifically, Tokens.com purchased 116 parcels of virtual land for a total of 618,000 MANA, the native currency of Decentraland, according to a company release. The company claimed the purchase represented the largest transaction of its kind to date. Tokens.com purchased the land through the virtual real estate firm Metaverse Group, which offers virtual land development services for clients. The purchase is equivalent to 6,090 square feet of physical land — which is approximately the size of 1.3 basketball courts. In mid-October, Tokens.com purchased a 50% stake in Metaverse Group for $1.68 million. Metaverse Group also sells and rents virtual land in the virtual world platforms Cryptovoxels, The Sandbox, Upland and Somnium. The purchased lots are based in Decentraland’s Fashion Street district and will be developed to accommodate the growing demand for fashion brands to showcase digital merchandise in the metaverse. “Fashion is the next massive area for growth in the metaverse,” said Sam Hamilton, Head of Content at the Decentraland Foundation, in a statement. “So it’s timely, and very exciting, that Metaverse Group has made such a decisive commitment with this land purchase in the heart of Decentraland’s fashion precinct.” Digital land is valued by the foot traffic it receives and its proximity to brands located within the metaverse, as The Block previously reported. " ----------------------------------------------------------- As you have read it throughout, accumulating MANA is actually turning out to be a good long-term investment because the real world is coming to know about MANA right now. MANA tokens will be needed for services and it is a great example of lithium/petrol in the metaverse world. Now coming back to the chart, the running price from $2.9 up until now $4 are made by major people of the community rather than the top 100 holders. It does not mean they don't think MANA is not potential, it just means they create room for accumulation before making moves. My chart has been able to predict correctly the move in the past 72 hours, so that is a good sign of my good sense lol! If MANA would be able to break the support line and run straight to $2.9 then it would be my dream as I am hoping it to drop down every day in the past 15 days. This is not financial advice and please invest responsibly!
Long
by Haizsama
7
MANA ⏫- The Battle of the METAVERSE (No breakout unlike SAND ⏫⏫)Decentraland finally offered me a good experience: Banksy art sold at Sotheby's for Ethereum . Watched it live from Decentraland. 👓 Mana has failed to break it's resistance and the flight is paused until that happens. Our chart will help you understand this better. Also look at our previous SANDBOX ideas for comparison. Our estimate and analysis is that Mana will be outperformed by Sandbox. That is a personal opinion based on our research, do your own and feel free to comment. Needless to say that Decentraland has a great future ahead. The Metaverse is HOT and it will remain that way for months and years... but prices can correct at any time so mind the resistances. Good to know: events.decentraland.org Decentraland events is something I follow! You should do the same... One Love, the FXPROFESSOR
Long
by FX_Professor
5
You didn't miss out......you never do. Sure, we've all missed a sell or buy that can make you sick to your stomach. But as we learned within a couple of hours or days, it always goes back. Remarkably, more like dumb luck, my last post contained orange dashes to show potential movement. It followed it to a tee. I'm not patting myself on the back, in fact, I'm going to erase them because it's dangerous to think that is even practical. I'm not sure when, because MANA just found huge support at $4.08, but there is a strong case to be made for the price coming back to the $3.88 area. There's a great case for it to also visit $3.55. The "M" shape would happen to play out exactly with the short-term .5fib around $3.88. I chickened out earlier, sold at a nice round $4.20 even though my plan was $4.24. With the bullish momentum increasing, I will happily settle for getting back in at $3.88. $3.55 would be cool, but I'm also happy MANA didn't blast through $4.25 and keep flying higher. Volume is picking up and it is getting super volatile. Even though I erased the dumb dashes from the last post, the pink circles are logical spots for one last touch of the lower trend line before blasting out of the triangle pattern. Should we breach the upper trend line in a meaningful way, then we will not be hitting the pink circles. Be very careful. Although there are no indications of a major dump, the volatility is screaming and it could just as well crash down to the $3.30 level should support not be made. MANA could also just go off like a rocket. If you miss out, don't sweat it, just do your research and enter a new position. Check out ATR's and how to use them when setting Stop Losses. If you're new to this, make sure you are on a reasonable time frame when checking the ATR. Again, be very careful right now. A lot of things are coming to a head the next couple days. Keep your fingers crossed because it's completely out of our hands. MANA has a mind of its own.
MLong
by keykomg
2
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!
Long
by Haizsama
MANA continues to "defi" the overall short term crypto trend......see what I did there? I'm going to quit while I'm ahead with the crystal ball from a couple of days ago. I was 1/2 joking when I put the red? where I thought we'd find that support because we can have a good idea of supports and resistances, but "when" that happens is, in my case too, luck. I do think it is going to want to bounce off of the lower support line at some point, and that may have to be when it climbs into range, above yesterday's low, probably in the low $3.60 area. MACD, Volume Oscillator, RSI are all looking bullish. Today's chart has Thick Green from the other day and is our skeleton. The Short-term for the next couple of days is in purple, thicker lines are stronger than thin, and the dashed blue/orange lines are just the type of path (not close to exact) I think MANA will follow as it finds support, meets resistance, gets rejected, etc...until a breakout happens. This is all invalidated should we slip below $3.30. The pink circles are just places above yesterday's support where I think MANA will have to hit to make the big push up. Do your own research because this is not financial advice. Be safe and set your SL's.
MLong
by keykomg
3
MANA - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. MANA is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes. on M30: MANA is forming a trendline (in red) but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MANA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:MANAUSDLong
by TheSignalyst
20
What will MANA do this weekend?In this video we take a look at where MANA will find support as it is falling from the top of the trend channel at $4.36. Previously in my last video where I did a complete breakdown of MANA's current trend and breakout. We identified a clear doji star on Nov 11th, h&s breakout pattern, and retest of the neckline at the $3.50 level. My prediction: I believe MANA will catch support at either the neckline level just above $3.50 OR continue falling to the bottom of the channel between $3 - $3.30. Like, subscribe, and comment your thoughts! Thank you so much for watching. Cheers!
COINBASE:MANAUSDLong
by DeFiDeshaun
3
Confluence is everythingThe greater number of indicators lining up, the more a theory is supported. Given the lack of a crystal ball, it is easier to have an idea of where a trend change will occur (meta)versus when. For fun, not financial advice, I made a guess with a red question mark. In other posts, I've noted that although highly volatile, MANA has been behaving with relative predictability. It maps out the resistance on the way up for us to trade them as support on the way back down. My non-financial advice is looking at a number of indicators around the $1.57-$1.62 range for our next meaningful leg up. I like to have at least 2 strong confluent indicators and another weaker one before making a trade. The Macro fib .5, the Micro fib .618 (going up from $3.15 on Nov. 17), the shoulder of our textbook inverse H&S all line up with our lower trend line's approach to this area...that's 4 big ones. We've hit this trend line twice. Most major moves happen just above the 3rd touch, not quite making it all the way down because people start buying early as to not miss out. The volume oscillator is also about to touch the bottom for a reversal. Lastly, if you take the $5 high and then subtract the $2.20 low, divide that number by 2 and then add it to $2.20, you get $3.60...just messing with you, that's how the .5 Fib is calculated. If I had a crystal ball, I would put our next major move up on the 21st at about $3.60. My rationale for the timing is a stretch...but if you start on Nov. 3 when it took a small deuce, it dumped every 6 days, touching/creating the lower trend line, marked with red 'X.' The red '?' is where the crystal ball adds time as a function...but yeah, don't trust crystal balls, bad stuff happens when they crack. Regardless of where and when, find comfort in that MANA is clearly in an upward channel, breaking away from BTC and the overall greater crypto trend, and investing now puts you at the lower end of this token's potential value. I'm not going to predict $50 or even $25 dollars because that would need extreme market cap. and public sentiment can crush a commodity in a couple of days for no good reason. That being said, currently, sentiment is great, and barring a collapse there is no reason MANA couldn't reach $5, $9, or even $15 before the end of this bull run. That's all I have. These are just my ideas and not financial advice. Do your own research and don't listen to knuckleheads on the internet. It's been a fun and lucrative couple of weeks. Thanks for all the likes and follows...but what I would really like is some feedback besides "lambo and moon." Tell me what I'm missing. Tell me a joke? Tell me, "You da mana?" Good luck, spend time with your family, and trade responsibly.
MLong
by keykomg
3
Decentraland Analyze 🎮hi, today I am analyzing one of the popular projects that it is working on Metaverse . its name is Decentraland (MANA). Decentraland Analyze ( MANAUSDT ) Timeframe 4h⏰ (Log Scale) I have two strategies for MANA ( Bullish 🐮 and Bearish 🐻). Bullish 🐮 Strategy: if MANA can break the resistance zone ( 4.1$_4.36$ ), Then I can say that the Bullish Flag is working and MANA will touch Bullish Flag's Target ( around 6$ ). Bearish 🐻 Strategy: after MANA escaped from the falling wedge, it is on behind the resistance gate now and at the same time price made Bearish AB=CD Harmonic Pattern around the Current price. in addition, MANA is at my TRZ (Time Reversal Zone). Trigger 🎯: we can see that Master Candle has been made in my TRZ , we have to concentrate on the next three 4h candles. This master candle can work for both strategies. My Suggestion : if you want to have MANA on your portfolio, you can concentrate on the master candle. if price can break it from up, you can collect your MANA. if price breaks master candle from down, if you have MANA you can empty your portfolio from it. Support Zone : 2.48$ unit 2.33$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
Mana 70% trade incoming. Get ready!Mana went up 30% since my previous post and is now retesting the fib golden pocket at $3.965. This level can play a very strong support for mana if we stay above the 20 EMA on 4 hr. All percentages are measured from the time i am making this post Price targets for mana at fib 100 level sit at 25 % profit and level 161 at 70% profit. The fib 161 level also corresponds with the up trending line of resistance. Looking for a better entry position in case it retraces back to the 50 EMA on the 4 hr chart. Mana is looking very strong and can easily go towards the 161 fib level as the stochastic RSI is in the over sold territory meaning indicating the strength. Thanks for reading and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
$MANA Technical Analysis The MANA chart is looking textbook on the 4h timeframe. I am very bullish on the project and the coin. The reversal on November 11th was a clear Doji Star and began our strong rise to the top of the channel at the $3.80 level. November 13th to 18th showed a head and shoulders pattern following our initial breakout, a great bullish sign. MANA broke the neckline on the retest following the pattern on the 18th but only briefly. Then proceeded to breakout to the top of the channel again. Now we are falling from the top of the channel and looking for support. There are 3 key levels of support. Support Level 1: Middle of the channel, also the 23% retracement level on fib. Support Level 2: Neckline of head and shoulders, also 33% retracement level on fib. Support Level3: Bottom of channel, strong previous support shown by wicks only reaching line. Strategy: I am looking taper in and buy MANA at each support level mentioned above. *not financial advice
COINBASE:MANAUSD
by DeFiDeshaun
2
Review and path forwardTo know where we could be heading, you have to know where you've been. BLUE was from where I left you last night. Yellow is what happened. Purple is where we are. Pink dots and dashes are ideas of our path forward. It's never a good idea to make huge decisions based on the 1 minute time frame. That being said, there was a slight indication of the upside-down cup's rim being at 4.08. The more obvious, and far stronger, was at 3.75 area. This may still be in play, and we won't know until the price goes back to the 4.30's. In the shorter term, the upside-down cup did actually form with the rim at 4.08 and played out perfectly. What didn't happen was what some people thought, and never happens, "to the moon at 2.20." I marked where we left off last night with a vertical yellow line. Purple is where we are at. We are lucky in that the structure is here and it is simple. Thin purple lines are just thoughts for very small trades for the experienced. These trades are probably not worth your time based on risk, imo, if you are trading less than $25k. If you are experienced and have nothing better to do with less capital, go for it. Pink dashes and dots are just a motif of the future flow, not exact for those of you who are new. the bars are not going to coincide exactly because I don't have divine control of the function of time. RSI is still overbought, by definition, but still plenty of room for a little run if you missed profits yesterday. If you are new and not actively trading, sit tight, be patient because I don't think MANA is going away. Just my ideas, not financial advice. Let me know other possibilities that I may be missing. Don't forget your SL's. Good luck.
MLong
by keykomg
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!
Long
by Haizsama
2