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MANTA / TetherUS

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MANTAUSDT trade ideas

Manta ReversalThe main trend shows a sharp decline from a high of around $3.50 to a low of around $1.40 before the price begins to consolidate and a new pattern forms. There is a strong resistance area around $1.78 to $1.90 (blue area). Price has tried to break this level several times but is still stuck. Price Movement : Falling Wedge: There is a falling wedge pattern that has broken upwards, which is generally considered a bullish pattern. This pattern provides an indication that the price has the potential to rise further. Right now, Manta has succesful breakout of falling wedge and forming ascending triangle as a continuation pattern. The price is around the EMA 21, which indicates consolidation and potential further directional movement. There appears to be a Fair Value Gap (FVG) in the area of ​​around $2.00 to $2.40. If the price manages to break through the current resistance, the next target will likely be to fill this gap. Profit Target TP 1: Around $2.10, based on measurements from the falling wedge breakout TP 2: Around $2.40, the upper area of ​​the Fair Value Gap (FVG). Stop Loss: Around $1.66 or slightly below the 21 EMA to reduce risk, around $1.65
Long
by CryptoWizard_
MANTA - FAKEOUT FROM DAILY TRIANGLE PATTERN ! MANTA Network (MANTA), a privacy-focused DeFi project, has recently exhibited a bullish breakout that suggests significant price appreciation in the coming weeks and months. The token broke out of a descending triangle pattern, signaling a potential trend reversal and a surge towards its all-time high of $10. Deceptive Breakout and Liquidity Sweep: MANTA's price action initially appeared to break down from the triangle pattern, reaching a low of $1.70. However, this move was likely a deceptive maneuver to shake out weak holders and accumulate liquidity at lower prices. The subsequent sharp reversal and breakout confirmed the bullish intent behind the price action. Liquidity Imbalance as the Only Hurdle: With the triangle breakout successfully executed, the primary obstacle to MANTA's upward trajectory lies in the form of a liquidity imbalance around the $2.20 to $2.50 price range. Once this imbalance is absorbed, MANTA is poised for a unimpeded run towards its $10 target. MANTA Network: A Privacy-Focused DeFi Solution: MANTA Network is a decentralized finance (DeFi) protocol that offers privacy-preserving solutions for lending, borrowing, and stablecoin issuance. Its unique privacy features address a critical need in the DeFi space, where transparency can sometimes expose users to financial risks and identity theft. Key Features of MANTA Network: Private DeFi Transactions: MANTA utilizes zk-SNARKs, a zero-knowledge proof technology, to shield transaction details, protecting user privacy. Decentralized Governance: MANTA is governed by its community of token holders, ensuring a transparent and democratic decision-making process. Diverse DeFi Products: MANTA offers a range of DeFi products, including a privacy-preserving lending protocol, a stablecoin issuance platform, and a decentralized exchange (DEX). Conclusion: MANTA Network's recent breakout from the descending triangle, coupled with its strong fundamentals and privacy-focused approach, positions it as a promising investment opportunity in the burgeoning DeFi sector. With the liquidity imbalance around the $2.20 to $2.50 price range as the only significant hurdle, MANTA is well-poised to embark on a significant upward trajectory towards its $10 target and potentially beyond.
Long
by Yaroslav_Krasko
Trade Idea for Manta Network (MANTA) - Accumulation StrategyManta Network (MANTA) is currently trading around $2.00, making it a notable player in the privacy-focused blockchain space. Manta Network aims to provide privacy-preserving transactions using zk-SNARKs technology, ensuring users' data security and confidentiality on the blockchain. Start building a position at the current market price of around $1.70. This level offers a strategic entry point considering the project's potential and current market valuation. Plan to accumulate more MANTA tokens if the price drops to $1.60 and further to $1.40. This approach allows for averaging down the entry price and maximizing exposure during market dips. Set take-profit targets at $2.70, $3.45, and $3.90. These targets are chosen based on anticipated resistance levels and historical price movements, aiming to capture significant upside potential. Manta Network is focused on enhancing privacy for DeFi users by integrating advanced cryptographic techniques. Its unique approach to privacy in the decentralized finance sector positions it as a critical player as privacy concerns continue to rise in the blockchain space. The broader cryptocurrency market trends and increasing interest in privacy solutions can drive demand for MANTA tokens. Monitoring developments and partnerships within the Manta Network ecosystem will be essential to adjust the investment strategy accordingly. Accumulating MANTA at strategic price points leverages market volatility and the project’s promising fundamentals in the privacy space. The phased profit-taking strategy aims to optimize returns while balancing risk. This trade idea is based on the current market data and Manta Network’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Long
by icordkaz
1
$Manta prediction! 45%+ possible gains!Manta has been extremely popular among the traders as of late. So far we do not have much info on the charts but based on the hype, volume and network volume we may see sharp moves in near future. Daily volume was lower end of spectrum while it was correcting. So this may indicate that we may already be done with the correction and gearing to go up. Crazy things could happen with this one. So I came up with few possible personal predictions. I will update this idea once we have more data and clear targets! Good Luck!
by SpaceCatZ
When to buy MANTA safely ?The Manta price is now being openly "pumped up" by MM, so only MM knows where the maximum price will be. The maximum MANTAUSDT price could have already been, or perhaps it will be, for example, at $4.70 Personally, we don't trade on manipulative growth - we'd rather wait patiently for a deep correction, which will come sooner or later. For example, $1.50-1.70 for MANTA is a fair and reasonable price to buy, or not?) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
18
Manta zones for accumulationManta IAP model with accumulation zones BINANCE:MANTAUSDT Possible Targets and explanation idea ➡️IAP model zones for accumulation marked on a screen ➡️From signal confirmation to sell on TradeOn indicator -62% short profit ➡️Appeared signal take profit and close short position ➡️On daily we saw local signal to buy and small bounce. ➡️Step by step you can accumulate now or wait main zones for accumulation with DCA ➡️2 main money inflow periods with money power indicator. whales accumulate Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
MANTA target $30+12h time frame - MANTA had made a big box, ranging from $4 to $2, and took around 84 days. The quick dip from $2.5 to $1.5 help us confirm the time span it needs at least to build an accumulation zone, that will be similar to the left structure, which is 84 days. It means we will only see MANTA performs prior others since July if it makes a standard accumulation structure. Next, the target is very easy to estimate when you know how to refer to mc in bull market. Current mc of MANTA is around $445 million, and the total supply is $1 billion, the reasonable mc that MANTA, as a key of layer 2 sector, could reach is definitely over $30 billion, which would bring MANTA up to $30 or even higher if layer 2 got attention in future. - Bull target: $30+
Long
by EthanTW