MANA/USDT - CUP & HANDLE Accumulation is clearly happening on LTF. Might get this or might just fall out of the bottom. Most alts want to run, but BTC is killing the party. Just something to observe.
MANAUSD trade ideas
$mana forming h&s bullish toward the measured move $6.50Mana is forming a bullish pattern H&S and need to keep above the $3.20 range to remain validated. IF it can get above $3.65 look for prices around $6.50
$MANA 4H 50MA turns from resistance to supportPrevious resistance becomes support.
As you can see on the ride up, the 4H 50 MA acted as very strong support up until RSI and MACD boiled over and there was a large correction.
On the way down, anytime MANA tried to gain some ground back it was rejected by the 4H 50MA.
Hopefully, this level holds and MANA can continue on its next leg higher.
Next Targets:
$5.05 (.786 fib)
$5.91 (1 fib)
$7.23 (1.272)
$8.03 (1.414)
$9.33 (1.618 fib)
MANAUSDT My idea for Decentraland. Since its break the trend line I think MANA has potential to check the previous ATH and go for new ATH
MANAUSD Buy Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
A falling wedgeIf you look closely you could see the fall in price and after the fall of the price we could see a pattern formation forming in a channel which leads to a falling wedge a break of the trendline give a bullish momentum
MANA - Bulls Are Loading Up And This Rocket's Almost Fueled UpHope you find value from this post.
Here's an idea for setting up a long position with this asset.
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to buy MANA, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
MANA is coiling up and pressure is now building up. The indicators are screaming BULLISH.
Chart: 4 HR, Candle Sticks
Tools:
Extended Trend Line (White Descending Trend Line )
Horizontal Ray Line (Dashed Yellow Line)
Moving Average: 50 MA
MACD: Setting - 4HR TF (Time Frame)
RSI: Setting - 4HR TF
Fibonacci Tool: Fib Retracement
Targets:
4.0
4.3
4.7
Rules:
1. Price must stay above White Descending Extended Trend Line .
2. Price must GO ABOVE and STAY ABOVE the Yellow Horizontal Ray Line.
3. Price must GO ABOVE and STAY ABOVE the 50 MA
4. MACD must have a Bullish Divergence
5. RSI must GO ABOVE and STAY ABOVE 40 Level.
6. RSI must have a Bullish Divergence .
(Currently, there is a Bullish Divergence present on both the MACD and RSI).
All rules must be fulfilled to be able to confirm an entry for a long position, otherwise it's a NO GO.
Preferred Entry Levels: 3.44
Once a position has been placed, it is...
VERY IMPORTANT TO PLACE A STOP LOSS (My preference is 2.5% - 3%)
Furthermore, we want the RSI level to go above the 50 Level and stay above it for the rest of the bullish move.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balance is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
Happy Yuletide Season!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Is the Metaverse a Hedge for Inflation? (ft. Dogecoin) A little while ago I argued that virtual estate and real estate were inversely correlated -- as seen in the Evergrande example in China where Evergrande stock and MANA coin criss-crossed each other in terms of its ROI. It's yet to be seen how this will play out in the US real estate market but it seems likely that we'll start to see similar patterns emerge as time goes on.
The US market may take longer to unravel since it's a bigger apparatus with a lot more moving parts -- talking about it in a coherent way in itself is often a challenge. But there's been a shift in tone from both DC and the media in regards to inflation in the last week, which may be a sign that things are starting to move forward.
There's basically two different scenarios that could play out in the current US economy's trajectory -- hyperinflation, or an economic slowdown brought on by the Federal Reserve after they increase interest rates significantly. (Right now the former scenario seems more likely, but that's TBD.) Either way, crypto will probably end up doing well. More details in the video itself.
Also as an aside, I also argued that Dogecoin could be an inflation hedge against the crypto market itself. We saw a weird blip this week where the coin pushed itself upwards a little bit, running counter to all of the other coins out there. Will this trend continue? We'll have to wait and see.
Is Mana forming a truncated 5th wave?As we can see, Mana appears to be running in an Ending diagonal that might be forming a truncated 5th wave.
If this confirms, we might finish correction, and a new bull run might happen.
This idea is not financial advice.
MANA - Long Set Up Trade IdeaThanks for dropping by. Hope you find value from this post.
Here's an idea for setting up a long position with this asset.
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advise to buy Bitcoin, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Chart: 1 Day, Candle Sticks
Tools:
Extended Trend Line (White Line)
Horizontal Ray Line
Moving Average: 12 MA
MACD: Setting - 4HR TF (Time Frame)
Stoch RSI: Setting - 1Day TF
Rules:
1. Price must breakout of the White Extended Trend Line.
2. Price must go above and stay above the Yellow Horizontal Ray Line.
3. Price must stay above the 12 MA
4. MACD must have a Bullish Divergence
5. Stoch RSI should be coming from the Oversold Region and a momentum directed upwards.
All rules must be fulfilled to be able to confirm an entry for a long position, otherwise it's a NO GO.
Once a position has been placed, it is...
VERY IMPORTANT TO PLACE A STOP LOSS (My preference is 2.5% - 3%)
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balance is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
Happy Yuletide Season!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Decentraland MANA 🏹 How I plan to operateHello Traders,
on the chart all the necessary informations on how i'm planning my operation on BINGBON:MANAUSDT
MANAUSD Two ScenariosAn idea for MANA
Price is currently sitting above 4.618
A test could occur of 4.618 or price may move higher within the triangle structure that can be drawn (in green)
Bet
ManaUSD levels to watchMana is great to ATL to have in your bag, here are levels buyers need to consider filling their bags.
critical levels to watch are:
$2.5
$1.9
$1.46
The future of the world It is MANAfor mana has 3 scenario
1. Move the mana to the $ 2.49 level and then start the uptrend that importnat Reduce btc correction momentum.
2.Mana goes down to the level of $ 1.50 and then fluctuates at that level and after a while the up trend starts
3.The third scenario, which is less likely, is a move from $ 3.1, which seems very unlikely becuse btc is in very bad time.
Of the 3 scenarios above, the most likely is the second scenario becuse BTC is not in a very good position at the moment, but on the other hand, the $ 2.49 level is a very strong support level for MANA
But with all these interpretations, MANA currency can be very convenient for holders, and my story is just specifying the arrival time. NO buy or not buy becuse i say sure buy the mana .
Is this a make or break for MANA? I'm thinking the overall market is going to level for the next couple of years to some degree until my optimistic bull jump in 2024+... It seems many, like MANA, SOL, MATIC, have boiled up and over, predicting a leveling mean average. Without looking at the industry or names of the data, which is really the best way to segregate bias in chart predictions in general.
UP MAYBE ??up up up up go up more up up up up go up more up up up up go up more up up up up go up more up up up up go up more up up up up go up more up up up up go up more up up up up go up more up up up up go up more up up up up go up more
puimp ma bags
$MANA finding supportMANA is currently using the 50 day MA as support.
It is oversold on the RSI. MACD’s histogram and lines are curling upward.
People are saying web 3 and all this meta verse stuff is overcooked but it is the future.
mana getting ready to move Mara is about to get ready to move in wave-c, once correction is over, its gonna fall
Its a keepsakeWhat do you see here friends?
Guess It...
Yes it's ignorance.
When market need reform with falling price and they don't let to be.
So what do you see?ye stupids.
don't report me I'm analys master😂
with different speaking
MANA/USD, 1D CHART , COINBASEFind out here support and resistance of DECENTRALAND {MANA}
facing resistance at $3.95 - $4.05 [@ Fibonacci golden ration 0.618 }
closing above { fib ratio 0.618 } that is above $4 then our next target will be $4.80 -$5
support at $3.33 { fibonacci 0.5 }
critical support would be $2.72 {fibonacci 0.382 }
Important notice :-- This is not a piece of financial advice ,all investment made by me are under my own risk and i am only responsible for my own profit and losses.
So please do your own research before investing .
MANAUSD- Cautious buyMANAUSD starts showing negative move as the MA-10 is closing in on MA-30. However, the stochastic RSI seems low, but it's negative.
I feel we should buy near GANN support.
BUY on dips 3.30-3.50 for move > 4.00.
