Market insights
Decentraland (MANA)Mana clearly was in a corrective downtrend move. This corrective wave ended around the horizontal support/resistance area; after that price broke the downtrend line too. So, it seems everything is ready for the next uptrend move. Let's see what happens.
Decentraland, MANA, 0.5 fib retrace sets up 71x Algo targetTriple bottom on the 0.5 fib suggests this is strong & when the narrative comes back around, it's is one of the metaverse leaders... See linked BTC chart for more details.
The Trade:
Preferred Entry: $0.264 or 0.618 retrace of this impulse wave (if we get one)
Ape Entry: $0.364
Stop: $0.254 - or under previous low
Target: $26
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Decentralized breaching its inverse head & shoulders necklineNo guarantee this will be the breach that confirms the breakout, but with the current momentum in the overall market there is a decent probability it could be. Either way definitely a bullish development for Mana *not financiall advice*
Crypto market pulse check pt.1 Bullish?My first video analysis
I go through this watchlist every few days to get a feel for market sentiment, here I've skimmed over about half the list, but it is due for an update - what should I add?
Making posts for every chart takes way too long. video make's it easy to smash through the charts so If there's something you want charted let me know.
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Decentraland: Breakout?MANA recently experienced an upward movement and is currently trying to leave our magenta Target Zone (between $0.1371 and $0.3154). We attribute this development primarily to the magenta wave (iv). The price may should leave the range briefly, but then come back to complete the green wave (2). Consequently, we continue to keep the Zone active so that it can be used to open long positions. Stops could be placed around 1% below the lower edge. From a technical perspective, however, there is also the possibility that the low of the green wave alt.(2) has already been set. This option will come into play with a direct rise above the resistance at $0.37.
Long, target 0.359Following weekly chart.
Got a long signal, finally.
TP 0.359
SL close under 0.21
Around 16% gain.
Decentraland: Home StretchMANA should have reached the high of the magenta wave (iv) on August 24. Since then, it has been working on wave (v) of the same color. This last stage should ultimately complete the green wave (2). With the corrective low in place, the price should then turn around and rise above the resistance at $0.48 with wave (1), which is also in magenta. Investors could use the entire range of the Zone to establish long positions, with stops placed about 1% below the lower edge. From a technical perspective, it would also be possible that the past low within the Zone has already ended the green wave alt.(2).
MANA(based on NEo wave) structure of wave Ethere is two ways of the triangle to finish this wave E one of them is 0.26 and the other is 0.253.
MANA(based on NEo wave)this diametric is at the end of wave E and the structure of wave E is a triangle that I wil show you in next chart.
Possible Accumulation with MANAMANA may be in a possible accumulation phase before mark up.
Notice long wick candles forming at the key level 0.2691
Notice CM_Williams_Vix_Fix indicator flashing green indicating possible bottom.
Weekly Time Frame
(MANA) decentraland "most active in China"data according to www.crunchbase.com, data measured monthly.
MANA is most active in China.
MANA Looking Very BearishMANA looks incredibly bearish. It is trying to hold a support/resistance that goes back to 2018, and for me, it looks like it will lose it.
Short opportunity, this could go pretty low.
MANA Set to Skyrocket: Aiming for an Explosive $10.5 TargetDecentraland (MANA) appears to be in the final stages of Wave (4) within an Elliott Wave pattern. The rectangle consolidation suggests a potential breakout is imminent, with a significant upward movement targeting $10.5. Traders should watch for a breakout above the $2 resistance level for confirmation of the next bullish phase.
Shitcoin Summer is HereIt's hot outside right now. Real hot. Clocks in at 120 where I live. But I'm cool as a cucumber right now because I know my Christmas is gonna be a good one. Why? My shitcoins are about to move. Check out my chart of eight of my favorite $hitcoins - they've all retested bottom and the bottom rejected them all. So - whether you love em or hate 'em, back up we go. That's how it works. Don't fight it, you'll lose. Just buy someone else's bags for cheap now before this rocket blasts off.
MANA(based on NEo wave)mana has a good bullish cycle and it is in the E wave in monthly time frame but for now on this chart it has a side triangle that shows the E wave is at the end,
I would like to but some with C wave of stop loss.
Bullish Scenario 1000% Gains voor MANA (Decentraland)With the bull market not even started, i would collect as much MANA before the cycle continues.
Bull cycles are over until you know it, most people buy at the top or after a 4/5x gains.
Get in early and ride the wave!
Decentraland a.k.a. MANAUSD May Have Formed A Bullish SetupDecentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3.
We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.
ALT COIN LONG MANAUSDLong setup pre altcoin run, lottery ticket #4
I don't have an extensive explanation, the chart does the talking. look for breakouts above key moving average past the recent pullback.
MANA LongBillions already invested and getting developed for years. Yet people already forgot about the Metaverse narrative.
If Metaverse is connected to Generative AI it will be magical. AI games, Digital Twins and you name it.
Mana has finally hit the inv h&s target; close to channel targetWe can see Mana has finally reached it’s inverse h&s target and is also now very close to reaching the full descending channel breakout target too(dotted yellow line). It’s been a long time since I even checked this chart but glad to see it finally joining the full bull market with the rest of the alt coins. *not financial advice*
The bullish rally seems to have startedIt is in a very heavy resistance range.In my opinion, you should probably enter after breaking the range
