MANAUSDTHello my dear friends
According to the formed pattern and positive divergence of RSA, it seems that the white range ($0.7307) is valid and the main upward movement will start from this range.
Keep in mind that if the corrective trend is below the price range of $0.6265, we will no longer have the mindset to form an upward trend.
We would be happy to hear your comments
MANAUSDT
MANA breakoutPlease 1st of all smash the boost🚀 button and follow me to support my work if you like it! It's absolutely for free.
Decentraland broke up this triangle📐 and I think there is chance for run to 0.8455 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. The white uptrendline could be a good guide.
ENTRY : local high @ 0.7969
STOPLOSS (SL) : local low @ 0.7817
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.8455
REWARD RISK RATIO (RRR) : 3.2
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MANA Potential Short / LongThe above chart is based on symbol MANAUSDT - Binance.
Alerts have been set.
The trading plan is to ladder in 0.25% below Entry, on Entry and 0.25% above entry.
Stoploss(SL) is at 1.5%.
Risk Management is always important. Let the trade come to you.
Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
If/when TP1 is hit, SL will be move to entry.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
📊 MANA: wait fot this trendline breakout! Hi friends! MANA is going to break the trendline. But i recommend you to wait for some pullback to the key level of $0.754. Someone who enter the trade on this local pullback will be traped and you will enter the trade with less risk and nice risk reward.
Recently, MANA made a false breakout of the key level of $0.754 and price rised by +8%. If you miss this opportunity, use this preconditions to open the next long:
🔥 return to the key level $0.754 and squeeze to the trendline
🔥 volume growth
🔥 bullish BTC
🚩 DOM and Footprint indicators show me the whales buy orders close the key level or before the trendline breakout and it will be the MAIN precondition to enter the long for me!
📊 The targets:
1. $0.81-0.87 - the value area and closest resistance
2. $1.13 - the key level and mid-term target
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MANAUSD D1: 150% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
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MANAUSD D1: 150% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: MANAUSD D1/candle chart review
::: HIGHER RISK SETUP USE TIGHT STOP LOSS
::: further losses short-term
::: expect BEARS to target 60-65 CENTS
::: however strong bounce after correction
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later near 60-65 CENTS
::: BUY LOW near 60-65 CENTS Dusing tight SL
::: currently correction in progress / no upside
::: dump until MERGE EVENT
::: for now stay out / wait for better entry price
::: up to 155% gains possible later
::: short-term pullback/correction
::: is possible / likely
::: however chart looks good for BOUNCE
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +155% gains
::: details: see chart
::: FINAL TP is +155%
::: recommended strategy: BUY/HOLD 60-65 CENTS
::: TP BULLS +155% gains / 1.50 USD final TP
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/STRONG BOUNCE
::: Sentiment short-term: CORRECTION/65C
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Ascending Triangle Pattern on MANAHello guys today i saw an interesting Ascending Triangle pattern on MANA , it will be a good setup.
wait until break out between 1.0500 and 1.0700 , the open your short position after first candle.
the target is 1.0000 , you can close 50% of your position and risk free that.
remember funda analysis before opening a position.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
MANA long term opportunityChart analysis is simple, it has the potential to simply follow the ascending channel. I don't publish the wave analysis for the sake of clarity but may 22' indicates the end of 2 years cycle. A strong downward breakout invalidate the pattern but chances are low. I think Decentraland (MANA) is a well established crypto project, it has real utility but right now is undervalued. MANA has an established metaverse and far more succesful altcoins are promising a metaverse... I can't see strong reasons to this project falling into oblivion.
When market gives us worries we need to HedgeHi everyone,
so market is taking another turn and we need to act and react.
Do we panic and sell all our spot? Well if you think yes then you must have already paid the price a few times and haven't learned yet. Needless to say that if you are in this category you probably didn't take profit either when you should had. That's what happens to most, yes.
In this cases one can think like this:
Leave my spot intact and cover my exposure with a short position on some assets.
Look for a chart under resistance and plan accordingly.
Hope you like the chart.
One Love,
The FXPROFESSOR
For me that chart now is Mana.
MANA/USDT: Bullish reversal tentative - 1,20 to watch---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------
MANA/USDT: Bullish reversal tentative - 1,20 to watch
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - BTC and NFT/METAVERSE COIN remains in underperformance versus ETH.
- We are watching at 1,20 to bypassed to extend the bullish recovery in progress
Market configuration
- Graphical Elements :
Graphical support = 0,99 & 0,7990
Graphical Resistance = 1,20 & 1,95
- Mathematical Indicators:
EMA ( Exp Moving averages) are support at 0,99 = Bullish
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (C) B is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 1,20
Fibonacci bullish wave target at 1,95
Fibonacci bullish wave support at 0,7980
Fibonacci bearish wave target at 0,5940
Conclusion
Prefered case => As long as 0,7980/0,99 remains support a larger recovery towards 1,20 is expected with strong conviction, only a break above 1,20 will open a direct recovery potential towards 1,95
Alternative case => Breaking 0,7980 a new bearish attack towards 0,5940 will occur
MANA Breakout of Inverse Head and Shoulders to 1.33 Area?MANA has been building market structure during the consolidation over the last 2 months and looks ready to breakout with the Stochastics reset on the 8h timeframe. A number of coins have had these breakouts but MANA finally looks ready for potential 36% swing on this trade. Not financial advice, DYOR.
MANAUSDT Short Term Price ForecastLooking at the Rounding Bottom Pattern smoothly drawn in the Price Action of MANAUSDT in the 4h TF, we are likely goin to see a Rally Upward (Considered that BTC Play the Bullish Scenario).
In an other angle looking at the Visible Range Volume Profile Indicator (VRVP) We can notice the concentrated POC (Point of Control) Stressing out to the Major Lower Ascending Resistance Line.
We Watch Out For The Two Directions and Get in After we Confirm one of them.