Decentraland, Focusing on climbingWhat Is Decentraland (MANA)?
Decentraland is an Ethereum-powered virtual reality platform. In this virtual world, you purchase plots of land that you can later traverse, build upon, and monetize. There’s no limit to what you can do. It’s the first digital platform that’s completely owned by its users.
Decentraland
MANABTC Falling Wedge ReversalLooks like a falling wedge on the daily timeframe, and we are approaching strong support level. Keep an eye on this one. Fundamentally it's an under-hyped project which could really become a big deal. Virtual land ownership in the first virtual city will be a hot commodity one day i believe.
MANA and the grand triangleMANA is closing the upper trendline of triangle. Breakout will cause the price to reach 1480 and 1575 areas of resistance. Still there is a chance price will bounce from it and go down to 1400. Even in this scenario I still feel bullish for MANA.
Check day chart for bigger picture.
LONG MANA What does the Higher time Frame Analysis Show Us?
Bullish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Moving Averages for the 15/90/55 appear to be all crossing over at once, when this happens it usually brings about unprecedented volatility to the upside.
Volume has been consecutively on the buy-side favour.
Volume has been decreasing since the 6th of this month based on fundamental news that Colliers International, the Property Consultancy Group were partnering with MANA.
Accumulation has been active especially as individuals brought the dip.
MACD crossed over several days ago and does not appear to be running out of steam
Bearish
The RSI Stochastic appears to be crossing over shortly to the bearish side, that does not seem to be deterring based on Market Sentiment and accumulation.
Has increased by close to 14% over the past several days, this could see a fall - this is HIGHLY UNLIKELY according to Nouvive Intelligence.
Where will MANA go over the week?
Nouvive sees an entry point at 1435 to fill a gap there - however that is highly unlikely, it appears that based on favourable price action, momentum and market sentiment it will be breaking above the current resistance of 1491. That collated with Bitcoin soon to be breaking out of its downtrend and finding its temporary bottom will carry the price of MANA up.
Nouvive sees a trade from current market levels to 1435 with a stop loss just above 1400 and a take profit at 1745.
MANA - LONG - Trade OpportunityMANA has been struggling to break the resistance at 0.00001280 for the last 2 months and it finally did, currently trying to retest the breakout before continuation of the bullish momentum.
Entry: below 0.00001325
Target 1: 0.00001489
Target 2: 0.00001639
Stop Loss: 0.00001236
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LITECOIN POSSIBLE PUSH UPHello guys,
Ltc looks like is ready to make an impulse to the upside, this is a short trade but could give us a nice +10% profit.
POSSIBLE TRADE SET UP:
Buy zone: $52 area
Profit: $56/$60 area (depending on your size you could get out with 1/2 of position @ $56 zone and let the other run.......)
Stop: @ around $50 moving it to "Break Even" as the trade goes in your favour.
This would be invalidated if Ltc moves impulsively to the downside.
And remember! you pull the trigger! you are the responsoble one! this is not financial advice, these are just my views of the market moves and trading style!!
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