hi, today I am analyzing one of the popular projects that it is working on Metaverse. its name is Decentraland (MANA).
Decentraland Analyze ( MANAUSDT ) Timeframe 4h⏰ (Log Scale)
I have two strategies for MANA (Bullish🐮 and Bearish🐻).
Bullish 🐮 Strategy: if MANA can break the resistance zone (4.1$_4.36$), Then I can say that the Bullish Flag is working and MANA will touch Bullish Flag's Target (around 6$).
Bearish🐻 Strategy: after MANA escaped from the falling wedge, it is on behind the resistance gate now and at the same time price made Bearish AB=CD Harmonic Pattern around the Current price. in addition, MANA is at my TRZ (Time Reversal Zone).
Trigger🎯: we can see that Master Candle has been made in my TRZ, we have to concentrate on the next three 4h candles. This master candle can work for both strategies.
My Suggestion: if you want to have MANA on your portfolio, you can concentrate on the master candle. if price can break it from up, you can collect your MANA. if price breaks master candle from down, if you have MANA you can empty your portfolio from it.
Support Zone: 2.48$ unit 2.33$
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Decentraland Analyze ( MANAUSDT ) Timeframe 4h⏰ (Log Scale)
I have two strategies for MANA (Bullish🐮 and Bearish🐻).
Bullish 🐮 Strategy: if MANA can break the resistance zone (4.1$_4.36$), Then I can say that the Bullish Flag is working and MANA will touch Bullish Flag's Target (around 6$).
Bearish🐻 Strategy: after MANA escaped from the falling wedge, it is on behind the resistance gate now and at the same time price made Bearish AB=CD Harmonic Pattern around the Current price. in addition, MANA is at my TRZ (Time Reversal Zone).
Trigger🎯: we can see that Master Candle has been made in my TRZ, we have to concentrate on the next three 4h candles. This master candle can work for both strategies.
My Suggestion: if you want to have MANA on your portfolio, you can concentrate on the master candle. if price can break it from up, you can collect your MANA. if price breaks master candle from down, if you have MANA you can empty your portfolio from it.
Support Zone: 2.48$ unit 2.33$
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Comment:
TRZ worked 👍