I was just checking out a chart of our popular MANA π§ token, and we see on a 4 hour view a nice falling wedge patternπ.
For a good open position, it is wise to see if we can break this structure and have a healthy retest before entry. (It is always possible we break and impulse correct downwards, but I do not think that is likely.)
If we drop below approximately 0.66 I would say we are going down to retest the bottom of structure once again.
ππ MANAπ§π‘ is a token used to make it easy for users to own and trade digital land. Sounds crazy but its very popular πππ€π£π .
It is correlational to ETH, so remember to keep an eye on ETH if you decide to invest in this token. I have listed above my buy points and target pointsππ§. (For more on ETH feel free to look at ETH chart and fundamentals linked to this postπ)
About 3 months ago, MANA reached it's all time high price of $1.63 USD, I think we can easily see at least $0.88 in the near future.
Long term price prediction is more in the 4 dollar range for this year.
However, I believe that with the collapse of fiat, both digital and tangible real estate will become increasingly popular this year.
Optimistically my price prediction for MANAπ§ goes as high as 10 dollars within the next 2 years. β¬β¬
Reason being: Decentraland at the beginning of 2021 had approx. 1.5 thousand users, to date there are approx. 20,000 users π 1233.3% increase in number of users in less than a year, imagine what the next couple years can do!
Just 3 weeks ago a plot of land sold for almost 1 million dollars on Decentraland, let's not overlook this token/Dapp!
Let's see and always remember β¬β¬
πThis is not financial adviceπ Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Jazerbay β―
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As I stated in the description of this post, it is possible we are now coming down for a retest of the bottom of the structure. Be patient and happy trading all.