⭐️BTCUSD: forecast for Dec 6 - Dec 12➡️ The Bitcoin forecast for this, already ending week has worked 100%. You can see it yourself with it at the link below👇. After the price reached its intended target at the upper border of the balance (marked in white on the chart), the cryptocurrency rushed down. For buyers, it was assumed that the price would still be able to stay at the level of 60,000$ and even continue its rise higher.
The current situation is more in favor of sellers. The price is likely to test the 52,662$ level. Here it is assumed that the support level would be broken and the next stop will be at 48,200$ . This level can easily be broken, so it is not recommended looking for BUY-positions from it. Based on the D1 chart (shown below), the price has broken through the support line of the uptrend channel. From here, of course, it is clearly visible that BTCUSD in this case would go down to 42003.60$.
In general, sellers have initiative now. It will only be possible to break it if we see the price close above the 60,000$ level. In this regard, SELL-priority is planned for the coming week for this cryptocurrency.
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MANAUSDT
Mana Support Zones And Trade Setups:first scenario:first one for scalping risk reward is 2:1 long 4.3$ Tp:4.8
second scenario:Buying from second support 3,5-3,6 Tp:4.3
Third Scenario:Buying from 2.35-2.4$ TP:3.7$
Take risk always with your %5 with your portfolio manage risk reward generaly 2:1 gl everyone.
Be fearless when people scare, be scared when people are greedyBeware MANA within the next 24 hours. I would suspect the momentum is created in a past week's downside. The volume of trading is decreasing too, the RSI is compressed below the midpoint, the support at $4.2 is strong and the bear can not break it. The Decentraland as usual open the party on their land. The Axie retook the spotlight from Decentraland and it is time for us to see the comeback of the MANA. However, in order to have a strong push, the MANA might need to go lower at 3.9 to get more momentum for the next $7.5 run.
This is not financial advice and trade responsibly!
Will MANAUSDT strike again ??MANAUSDT is now reaching a support area around 4.20. We can see it is also forming a falling wedge , and if we look at the chart we can see bullish harami appearing at the bottom of a down trend. So, we are waiting for the bull's move. If they cross 4.40 - 4.50 than they can push the price towards 4.80 and 5.10. Good Luck!
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Is MANA about to fall?After checking in multiple time frames black line its the next move ONCE it broke down the support IF dont broke the support we will have a consolidation phase.
The question here is... Once current support has been broken, whats the next step? so for now Im not sure about this analysis, then please dont follow as investment tip.
#MANA is ready to pump more than 80%#MANA in it's #USDT pair made a triangle and there is 2 possible scenarios for this chart in 4h time frame
1 : Break out the triangle and reach to 5.3 and 5.8 as next resistance levels
2: break down supporting level in the area of 4.2 and retest next support in 3.93 and 3.5
IN both scenarios #MANA is following targets : 6.5 - 7.8 - 9 - 10 - 15
Best approach is buy step buy step in the supporting levels and rebuy in Rebuy Zone if stoploss (3.93)
☑️USDJPY: hawkish Fed policy➡️ At the moment, the USDJPY currency pair is trading near the level of 113.400 , which is expected to be tested today and the price would go down further.
Fundamentally, the USD is strengthening against the backdrop of comments from the head of the FRS and in the principle of the Fed's policy, which is planned for the near future. In the future, a strong dollar should be expected. It is assumed that from January, the Fed will accelerate the pace of winding up the QE asset purchase program to $ 25 billion a month. In this case, if the Fed starts to cut QE and raises interest rates faster than expected, it could raise long-term interest rates, including in Japan. In this case, the strong dollar initiative will be lost. All this will have an impact a little later and at least in the medium term.
Technically, the pair is trading below the range (balance) of 113.400 - 114.320 and the current trend is in favor of sellers. The average calculated sell entry level is 113.400 . The rest of the parameters of the deal, as always, are in front of you.
🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 113.409
⛔️Stop Loss - 114.021
✅Take Profit - 112.184
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Decision time!Mana's indecisive candle is working hard to figure out whether to tank or keep fighting.
Mana to $7 or $3 first ?Hello all. Interesting pattern formation for mana both on daily and on the 4hr charts.
We have a descending channel which can play as a bull flag and put us around $7.
On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level corresponds with the 50 EMA on the daily also with the fib gold pocket.
Definitely interesting to watch since we have bearish and bullish sentiment going on. Keep an eye on it.
Super bullish long term and buying more. Top of the ascending channel sits around $7 which we will reach very soon no matter what.
Thanks for reading and stay tuned. Enjoy.
25-28% Drop ahead?Measures towards 28% but I have had 26% on my radar for a couple of days...maybe just depends on where the flat bottom fails? Keep an eye on it. There is very strong support around $4.32, so who knows. These are just ideas and not financial advice. Unfortunately, not a lot of bullish ideas for today, especially since it failed earlier to reach a potential break out, falling short of $4.87 @ $4.82.
MANA USDT analyseIf Mana can hold the 0.236 fib line we could see a retest to 5,2$. As you can see at trying of the yellow line it got rejected. If Mana can't hold the red line, we will try to touch the white line. So currently if you hodl, buying is a good idea, but you could get better entrys, so maybe split buy orders!
MANA: HTF FractalHTF Fractal taken from previous price increase, when stretched so that the beginning of the run fits the beginning this current run, seems to be somewhat predictive so far.
Is this a crazy price target? Yes.
May it be warranted? Possibly...
MANA is now a direct competitor to 'META' (formerly, 'Facebook'). Meta's current market cap is ~880 billion. MANA's is around 8.6 billion.
If MANA had Meta's market cap (so assuming some scenario where MANA becomes THE metaverse, beating out Facebook /Meta and all other competitors), that would put MANA's price at ~$482.
Full disclosure: this isn't so much a serious possibility in my mind, at least not yet, I'm just posting this to see how this theory/ fractal pans out; mostly just curious.
MANAUSDT - SETUPMANAUSDT still trading at a critical support zone area around 4.50. we are expecting that bulls are not exhausted at al. They can push it further towards 6.0 followed by 7.00. And if it could not sustain this support we will see a sell-off towards 4.0 followed by 3.0 So watch price action carefully. Good Luck!