Decentraland MANA price can be one of 1st to start a rising waveToday we will talk about the prospects for the price of the Decentraland token - MANA
But first, please like our previous idea MANAUSDT, which has perfectly worked out the sales area and recently the purchase area for 4 months.
It looks like the MANAUSD price has completed its correctional wave (2) and is now trying to start a growth wave (3).
Wave (3) is considered to be the longest, and given that there are many liquidity zones above, the path of growth will not be easy.
However, we have schematically depicted on the chart how the growth and correction waves can look like.
The intermediate targets for MANA's price growth are $0.90 and $1.85.
The final selling zone for MANAUSDT, which is now visible in the probable wave (3), may be in the area of $2.25-2.50.
What do you think, will such a positive scenario work out given the current pessimistic sentiment in the cryptocurrency market?)
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MANAUSDT
🚀 MANA TRIANGLE BREAKOUT INCOMING? KEY LEVEL AT $0.48! 📈 🔥Hi, friends! Mana is consolidating inside a huge triangle since mid-January. I think it's time for this altcoin to show all its strength.
The most important key level is at $0.48. The false breakout of it will be a huge trigger for MANA growth.
📊 TRADING PLAN FOR MANA:
1. false breakout of the key level $0.48
2. volume growth
3. bullish BTC is a must-have for altcoins growth
✅ MY TARGETS FOR MANA:
🔥 $0.58-0.62 - the value area
🔥 $0.7 - the key level
🔥 $0.85 - the local high
💻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.
MANA-MANIA! Don't Miss Out!MANA is looking like its almost ready for a MASSIVE move.. At least 1000%.
We can see that we are currently in a 5 wave move higher. Wave 3 had a nice 5 subwave breakdown. We can use that framework to figure out what's next for wave 5.
Subwave 2 of wave 3 was a tight correction and we are seeing almost an identical tight correction for subwave 2 of wave 5.
Great thing about this is that we have a strict invalidation level.
Trade Idea:
- Watch for a breakout of subwave 2
- Enter with stops below the correction (or safer stops below invalidation level)
- Targets: 6, 15, 40
Goodluck and as always, trade safe!
✴️ Decentraland Hits Bottom? -95% From All-Time HighIt is possible that MANAUSDT (Decentraland) hit bottom after dropping 95% in value from its All-Time High.
The weekly RSI is at its lowest level ever and continues moving lower.
The current price hit its lowest level since February 2021.
Altcoins tend to correct between and 90-98% in bear markets so this one is very likely done.
We are seeing altcoin after altcoin hit bottom...
Once we hit bottom, the only place left to go is up.
Get ready.
Prepare... The next altcoins bull market is going to last a long while and it will be the strongest we've seen so far.
Namaste.
MANAUSD - Plotting Future MovesA down channel can be drawn on MANA like this
The Middle line shows a nice bullish touch however on this middle line which is a sign for bulls, I expect alts to be very volatile hence the price action plotted in green.
Its kind of a head and shoulders pattern on the side if you look at it closer, linking a comparison to the H&S below
MANA: Channel Down BreakoutDecentraland (MANA) technical analysis:
Trade setup : Price broke out of trading in a Channel Down pattern, which it was consolidating in after substantial gains earlier this year. This bullish breakout from Channel Down and above $0.60 key level and 200-day moving average, could indicate Uptrend resumption with near term potential upside to $0.75.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.60, then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
✴️ Decentraland | A Different PerspectiveMANAUSDT Grew by almost 200% in its initial recovery wave, that is January 2023.
This might sound like a lot but when you put this into perspective, it is actually just a tiny bit of the total growth potential... See this chart...
This is only the mid-term and the 6 months "long-term".
We consider long-term within 6 months or 6 months or longer.
When we consider the long long-term (12+ months), then we are looking at new All-Time Highs and the potential is off the chart.
And it looks bullish short-term (main chart).
Namaste.
mana/busd sell callMana/busd is rejected from resistance and heading downwards
Sell (Current market price) : 0.615
SL : 0.62
TP : 0.6085
MANA IS STILL BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MANA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MANA | The breakout of a bullish flag !#MANA/USDT
Bulls were able to make a clear break out of the bullish flag pattern !! let's take this opportunity!
🟢Entry price: from now at 0.619 to 0.57
🎯Targets:
|> 0.705
|> 0.845
|> 1.03
🔴Stop-loss: Daily candle closes under 0.56
➡️Recommended risk: 0.25%
➡️Recommended total Positions Size: 3%
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Don't forget to take a look at related ideas section, it has a lot of altcoins trade
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Mana/busd long callMana/busd is in slight uptrend and testing risisng
support. It has also completed XABCD pattern due
to which reversal from this point has high probability.
Buy (Current market price) : 0.6015
SL : 0.5945
TP : 0.6128