Manausd
Mana to $5 easy - Short termIt's been consolidating nicely on $2.6-3.5 price range.
Bullish pennant and continuation almost on all time frames.
Oversold on the hourly chart, good entry at current prices(2.7-2.8)
Volume has subsided but once it breaks the pennant to the upside, huge volume will come in. Will be very volatile, may actually reach $6
Trade with caution, I wouldn't recommend going short at these levels. High probability of huge upside move incoming in the next day or so.
Leave any feedback below:)
MANA Decentraland next upcoming move on small time frameMANAUSDT has take a correction after moving exceptionally. if it doesn't breaks its support on small time frame i.e. on hourly time frame we can see a move above. On the contrary if it breaks and closes below 2.56 an attempt to short it can be made.
Long idea:
Entry : Current Price
Stop Loss : 2.56
Take Profit : 4.90
Short idea:
Entry : if candle close below 2,56
Stop Loss : 2.4
Take Profit : 1.35
MY MINIMALIST ANALYSIS FOR DECENTRALAND $MANA (ADJUSTED CHART BASED ON CORRECTION from PARABOLIC)
11.02.21
1246H +8 SINGAPORE
ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
THIS IS AN AREA OF OPPORTUNITY: WITH THE SUCCESS OF OUR FIRST SWING, THIS IS A ZONE OF ENTRY FOR A SECOND SWING.
THE MARKET IS FORMING A COIL ON A BULLISH TREND.
It has further attracted BUYERS and fueled further upward momentum. FOMO is still on the rise turning out to be positive for this MARKET.
Price is still at a bargain, considering, $MANA is comparable to $BNB.
You may want to TOP-UP for this, and to those who have missed out on the First Swing, here is another chance. Roughly 150% gains on MAXIMIZED TARGET AREA OF VALUE.
HAPPY TRADING AND ENJOY THE WEEK!
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
Follow the TOPS and BOTTOMS of the BOXES.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
Note:
Master your Trading Discipline
and Trader's Psychology
Vive Le Austist!
Trend reversal pattern in Bitcoin* Bitcoin in 3H time frame appears with Inverted Head and Shoulder pattern with it's neckline as resistance to the price.
* Inverted Head and Shoulder reverses the bearish trend into Bullish trend.
* If Bitcoin breaks the neckline of the pattern we can expect a rally till ATH.
MANAUSD Descending WedgeA descending trend line since the ATH yesterday is visible on the hourly chart with multiple spikes occurring due to pump and dumps and/or covering of short positions (though I have not done enough research on short interest on MANA - likely bag holders are exiting positions with each new spike). $2.557 seems to be a crucial price of supply meets demand since October 30. Combine this price with the aforementioned descending trend line we see a descending wedge forming.
I anticipate a breakout from this pattern in the next few hours. A breakout down might imply further sell off to $2.1533, then further to $1.69. This collapse may be interrupted by the larger, bullish trend (which, from my interpretation, began on October 28). On the other hand, a breakout up may be met with supply/resistance at $3.43, from where a parallel channel may form (with $2.557 being support/demand zone) until the next large influx or efflux of volume. A breakout above $3.43 may imply further price movement toward $3.887, then potentially a retest of the ATH ($4.99).
The price targets I provide are my own anecdotal opinions and I observe them making room for error.
Regardless, volume is dying. The hype is waning. MANA volatility may wane similarly to other meme assets such as DOGE and GME. The purpose of this post is so future me learns from what I theoretically predict and what actually occurs.
💥MANA - TO FALL BY 18% OR 33% TO $1.11 OR $0.91Please support this idea with a LIKE👍 if you find it useful🥳
We saw a trendline and a falling wedge breakout which gave this coin a 100% rise happened on this coin in the last 72 hours. Price rose from $0.75 - $1.50.
Therefore I believe it's time for the coin to rest before another upmove.
Therefore I expect a fall by 18% or 33% to $1.11 or $0.91.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on DECENTRALAND (MANAUSDT) 🤗
Happy Trading💰🥳🤗