MY NOT SO MINIMALIST ANALYSIS OF DECENTRALAND$MANA
FOLLOW THROUGH OF MY PREVIOUS ANALYSIS
MARKET LOOKS HEALTHY, STAMINA TO FINISH SWING STILL STRONG (at time of writing)
11.14. 21
0830H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
WE JUST RIDE TO THE TOP TARGETS - EXIT/MAXIMIZED AREA OF VALUE
It will correct based on STOCKS and RSI at 0.382 Level.
On mark with our TOPS and BOTTOMS of our BOXES. FIB LEVELS working well with the Market. Candles BULLISH.
Completion of AB=CD Pattern (Measured Move.)
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
IT WAS A GOOD PARTIAL EXIT (shaved off the bulk of the SWING TRADE) and We are now looking at an ENTRY that we can TOP-UP for our Investment.
Congratulating all those who have climbed the SWING together with me.
You can review past analysis on linked charts below.
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
Manausd
Hopeful...but it makes senseIs MANA going to hit ATH soon? Of course. I sold when it looked like we weren't reaching the $4.38 fib target without a pullback first. Excuse the art, I was never good at finger painting. Ever think, "it'll never drop that far, we've come so far," and then it does, because it needs to in order to keep a healthy eco-system? We see cup and handles all the time. Upside down cups are rarer, but if you look at the 5min (which isn't best practice), it is as clear as day should this pattern play out to $3.75. Although a .50+ drop seems bearish, it is actually a total bullish move because the rebound is fast and furious. We were in this range just yesterday, and it's crypto so don't fool yourself into thinking it can't happen. $2.90 is still in the cards too. SO, thanks for all the "likes" on my ideas, but what I could use more than "likes" is feedback. I've been at this a while, but know that thoughtful insight and counter ideas are always helpful and welcome. Also, never make decisions based on one indicator. There is the .382 sitting in that range, the MACD and the RSI still have a little room but show weakness and RSI is in the overbought zone on the Daily. Good luck, and thanks for any feedback...because this is not financial advice, just an idea that I have no good reason to doubt, but doubt a little anyway. Massive accumulation if this one plays out.
MY MINIMALIST ANALYSIS FOR DECENTRALAND$MANA
ADJUSTED TARGET AREA OF VALUE ON THE CHART
11.10.21
1313H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
LOOKING FOR THE NEXT BEST ENTRY
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
THOSE WHO FOLLOWED THE ENTRY of SWING 2, WE ARE ON OUR WAY TO THE NEXT EXIT!
Congratulating all those who have climbed the SWING together with me.
The BULL SEASON for CRYPTOS is dictated by the BULLISH STRENGTH OF Primarily BITCOIN and then ETHEREUM. We still have more room for the UPSIDE.
Happy Trading!
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
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
I generally don't like Christmas before Thanksgiving......but today's visit from MANAclaus has been fantastic for accumulators. As much as I'd like to see this go back down to $3.23-$3.30, it doesn't look that way yet. If you zoom in on the micro chart, we are consolidating in a rising channel which if you are trading enough $ these are behaving extremely consistent with 0.10-0.20 cent dips/gains. I only caught 1/2 of them, accumulating even more on top of monster short gains. I believe in the industry, but I definitely don't Hodl. I appreciate those who do though. When you see these consistent trends, cash out and get back in...even just an extra thousand tokens from a few hours in a parrallel channel translates into a few thousand dollars. I have a conservative short-term target of $3.88 should the inverted head and shoulders complete its cycle. Maybe it'll go back down then for a final dip? I get that MANA isn't just a currency, but I can't believe it is completely detached from the rest of the market as some people are saying...MANA just isn't "that" special yet. ADA did this a few months ago when everything else was stagnant. Although this isn't financial advice and just my opinion, I do think MANA is going higher, a lot higher. If you are accumulating like me, you would appreciate one more dip into the $3.20ish area before heading to $5+. If you're not accumulating, sit tight, don't hate on me, and your holiday bonus from MANA will arrive before Dec. 25th. Good luck and don't forget to double your ATR to set your stop losses.
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!
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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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Clear Long for MANA ?We are expecting the bars to touch our long term support and when we touched (We get a pump in the price)
Our pattern is Flag (Bullish one)
Or break down and retest our support line 2.48 ... (that will get us to figure out what pattern we will use in the chart)
About my predection i think that MANA will pump when we touch the long term support !
P lease Follow and Comment your favourite coin and i will do my research about it
MANA- Chart says YES, My eyes tell me NO ⛔⛔⛔Decentraland has been doing great. The Metaverse frenzy is On, I know.
We have had a great trade on this (going Long at 2, closing just before 5$ and going short for a while) but right now I am CONFUSED!!!
The chart (Technical analysis) tells me YES, BUY!!!
A visit to Decentraland tells me a BIG FREAKIN NO!!!
⛔⛔⛔⛔ NO, Niet, Non, Nein, La, Nee, OXI RE MALAKA!!! ⛔⛔⛔⛔
Why?? Don't be lazy, just jump on Decentraland and take a look around. NOTHING WORKS!!!!
I'm out, going after things that work and not this kind of hype. Sorry
The Fxprofessor
MANA! TP reachedWe getting some great % gains! Hope you take some!
Feel free to keep holding or sell and buy on the dip.
Compound Gains makes a Difference. SHIB it might go as well don’t miss the set up.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
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 .
MANAUSD: Heading to the next ATH?Indicator use: R/S Line Test, TTM Squeeze, Volume, Price Action, 10 + 20 EMA
Platform: Coinbase Pro
Time Frame Used: 4h
Entry: $2.92 LONG
Exit: Scale out 50% of position to take back principal + profits as it hits 100%
Stop: 15% Stop Loss Set
MANA cleared the previous resistance at around $2.95 price level, keep in mind the Volume is still low so this could be a fake breakout as it is retesting the resistance again to clear the ceiling. The market is bullish as MANA gives exposure the Metaverse. As you can see the 10 EMA made its cross over the 21 EMA to the upside. I'm watching for continuation as this coin is showing relative strength while the rest of the market is experiencing a healthy pull back. If it clears then we may see a new ATH as it appears this is an accumulation phase still.
My strategy is to always scale out and take profits to expand my portfolio and go in cash to enter on the next dip.