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Mana is one of my favorite projects. With the BTC dip in the last few days, MANA has retraced and touched its short term support. There appears to be a head and shoulders forming. I am expecting a drop to support around 920. If the shoulder leads to a further drop, next support is around 570. A drop to this level is unlikely. Confirmation after this daily candle...
Entry Price 1200 around Target 1800
MANA /BTC profitable 400% investment in the long-term. Kup/Buy 00000700-00001000 Stop-loss 00000500 Cele/goals 1. 1290 2. 1759 3. 2500 4. 3500 5. 4600 Wait and you will be given.
do you think it could work ? although volume is matching but trend is contradicting, it could go south !!!
Seems like MANA might have finalized its bearish cycle and will be breaking out at .618% FIB retracement from its peak on January 17th. Based on thecurrent 10-day resistance level seen at .0001251 , I project a breakout heading to previous peak between .00001388-.00001400 - If this new resistance is broken, our next target according to the channel in...
Spotted an Elliot Wave on 2 hour chart. ABC patter is present. MANA seems ready for another go. From my end this is a blind prediction and it may not reflect what I've draw due to many factors. However I am hopeful of the outcome. Also provides an opportunity for swing trading. Take into consideration candlestick patterns and support/resistance positions....
The last analysis I was wrong went I view on TF 1hr. This is TF 4hr, I see MANA in wave 3 and down to major support (the peak of wave 1). So, MANA had been completed correction phase and then MANA being wave 5 with possible target about 2700 (200% profit from wave 2)
Mana reached next target around 2500sat But they burned mana supply, I think it can possible reach more than 5000sat or $1 for long hold!
MANA has lost momentum and price is experiencing a substantial correction, however it should return to an up-trend once its 5th Elliott wave begins.
Small Cup and Handle Formation showing a target of +56%. I'm not sure on my time estimates as I have no way to gauge the time for the handle to complete and the rally to begin. Use your best judgement.
Stochastic RSI indicates the coin is over sold and the MACD is near the end of the resistance cycle. These two factors give us a gleaming beacon that says to BUY ME. Good luck!
HODL'ing MANA while I sleep, because I see it's already been through retracement tonight after it's rally and appears to be a stable place to hold coin while sleeping on this day. Rally should begin before I wake, which would be great. If it doesn't, I'll likely move coin back to TRX and continue that rally tomorrow after the retracement completes while I sleep.
This seems to have started a new Elliot Wave sub set. Looking to buy the retracement - between 0.786 and 0.883 fib levels. It may also retest the 1h cloud Also Stoch RSI looks good. This is a binance signal.
$MANA broke out of an ascending triangle so I had to adjust my outlook to be even more bullish than it previously was. TP1 target resulted in a 70% profit trade while holding out for TP2 will net a 145% profit.