MANAUSDT trade ideas
MANA/USDT bullish horizon from support? 👀🚀Mana Today analysis💎 Greetings, Today, we delve into the intriguing movement of #MANAUSDT. Currently, it is meticulously maintaining momentum at a critical support level of $0.5484. This level holds immense significance, and its ability to transition from a mere retest to a robust support could be the harbinger of a potential bullish surge.
💎 Despite failing to break the previous high, short-term bearish sentiments persist for #MANA. However, there’s hope on the horizon. As of now, the price approaches the key support level at $0.5484. If it maintains this momentum, we may witness a delightful bullish reversal—a phoenix rising from the ashes.
💎 But remember, my friends, markets are fickle. Should EURONEXT:MANA dip below this pivotal zone, our strategy must adapt. Brace yourselves! We anticipate a bullish rebound from the secondary support level at $0.4686. Failing to reclaim ground here could spell further declines. So, stay vigilant, stay nimble, and let’s navigate these market fluctuations with grace and precision
MANA is very bullishThe diametric of the big wave B is over and we are now in the big wave C which is very bullish
Price is just looking for a support to start a big rally.
By maintaining the green range, it can move towards the TPs.
Closing a daily candle below the invalidation level will violate the analysis
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
It could reach $2.50 within a few weeksWhat's going on friends,
I took this trade with the sole intention to make profits, so I have a stop above my entry, around the $0.55 cents because I wouldn't want to be negative here.
But if it plays out, the pattern I mean, $2.50 could come within weeks, maybe right after BTC's final pull pack patter is done and we're finished with this short term down trend.
Don't miss this one!
MANAUSDT BUY IDEAWhile technical analysis provides valuable insights into market trends and patterns, it's essential to pair it with effective risk management strategies. By setting appropriate stop-loss orders, managing position sizes, and adhering to sound risk management principles, traders can mitigate potential losses and safeguard their capital. Mastering the art of trend and wave analysis equips traders with the tools they need to thrive in the dynamic world of cryptocurrency trading, paving the way for success in assets like MANA/USDT
MANA COULD BE BULLISH SHORT - MID TERMUnlike the first scenario, we will be seeing a serious interference, an invalidation to the first scenario, a liquidity grab. As seen on the chart it means we are in a wave 5 and the previous high is wave 3 compared to the first scenario. BINANCE:MANAUSDT
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MANA/USDTBasing on the price that MANA has decreased for 90% since ATH, I see following possible uptrend move for MANA/USDT .
Currently price for this system is holding in the middle channel of the straight global channel, at the same time in the downtrend channel since ATH.
It is not a financial advice, only for study and observation.
📈Weekly Analysis: Bullish Signals for MANA🔥🔍Today is Sunday, marking the end of the week and typically low trading volume. Hence, we'll analyze the weekly timeframe for Mana against USD for potential insights. On this timeframe, Mana has reached a supply zone, evidenced by a bearish engulfing candle. However, the current candle is showing signs of buyer strength.
📈If this candle closes bullish, we can consider a pullback to the level of $0.5517, supported by the 7-period Simple Moving Average (SMA). Additionally, Fibonacci retracement levels indicate that we've reached the 1 extension point, suggesting a consolidation phase. For higher targets, $1.0989 could be considered, overlapping with the 1.414 extension.
📊Volume is decreasing during this correction, signaling a healthy trend. The Relative Strength Index (RSI) previously faked an overbought condition and could potentially surge upwards again.
🛒Buying on the confirmation of the current candle closing bullish seems opportune.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
MANA can get rejected and go lower from 0.7053MANA can get rejected and go lower from 0.7053
🔵Entry Zone 0.6837 - 0.7053
🔴SL 0.7250
🟢TP1 0.5982
🟢TP2 0.5188
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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MANA ANALYSISGiven the bearish CH and the pullback to the resistance range, it seems that MANA is trying to drop further
The target is the lower demand box.
Closing a daily candle above the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
MANA/USDT It required Breakout for Continue the upward Move!💎 MANA has indeed made its mark in the cryptocurrency market with significant market dynamics. Currently, MANA is facing resistance at the supply area.
💎 If MANA successfully breaks out above this area with a confirmed daily candle close, it can probability continue its upward movement and reach our target area.
💎 However, if MANA fails to break out above the supply area, there is a potential for the price to be rejected and gradually move downward towards the demand area around 0.574 to establish a new momentum.
💎 At the demand area, it is crucial for MANA to bounce decisively to attempt another breakout above the supply area. Failure to hold the support could indicate a bearish reversal, leading MANA back to downward movement, potentially reaching lower levels.
Decentraland (MANAUSDT) Bullish Breakout LoomsDecentraland (MANAUSDT), currently trading at $0.80, appears poised for a bullish breakout, fueled by growth in its NFT Marketplace .
A potential surge in price, with the first target resistance set at $1.14, followed by $3.58, and a final ambitious target of $6.00.
While past performance is not necessarily indicative of future results, a breakout above current resistance levels could signal a significant increase in investor confidence and trading activity for MANA.
It's important to remember that the cryptocurrency market is inherently volatile, and these are just predictions. Investors should always conduct their own research before making any investment decisions.
🚨#MANA/USDT Long#MANA
The price is moving in a perfectly formed head and shoulders pattern
We have a higher moving average of 100
The rise is expected to continue to complete the model based on 4 goals
Entry price is 0.4611
The first target is 0.4779
The second target is 0.4935
The third goal is 0.5172
The fourth target is 0.5378
Alikze »» MANA | Upward motivational waveIn time 2W, due to the complex corrective structure, it has completed in a corner pattern, which after exiting the density is now in its upward motivational wave. According to the previous analysis, which touched the target, it will have the ability to reach the next supply range after breaking the current range. But in higher time, he will have the ability to reach the next zone, according to the type of movement behavior, it is expected that he will touch the next supply zone in the first step.
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