Mana/busd is in slight uptrend and testing risisng
support. It has also completed XABCD pattern due
to which reversal from this point has high probability.
Buy (Current market price) : 0.6015
SL : 0.5945
TP : 0.6128
BUY AND HOLD
In addition, we remind you that as the popularity of the metaverse and the Decentralized Earth has increased dramatically over the past year, which has led to an increase in demand, the digital assets associated with them (i.e. their own MANA token, real estate / real estate / LAND prices, etc.) have also increased significantly in price. This, in...
This is Not Financial Advice
If can breakout at checkpoint 1, it will probably go up, but most likely it will go to the sideways area. But pay attention the support line, it can go down
Beginning of the 3rd ascending wave with the target of Satoshi 1327
By the end of the 2 / B wave in the range of 216 Satoshi, the uptrend has begun, in the range of 786 Satoshi, the first uptrend ended. By break down of downtrend line the, 3rd Wave has started.
In the 240-minute chart you can check the sub-waves
MANA/BTC
-Decentraland just had a V shape recovery after the dump last July 27
-This strong recovery is followed with good volume
-MANA must hold the local support at 505 area
-To protect the upside scenario in the near future
-This local support is a confluence of previous key resistance
-A healthy pullback to this zone will create enough boost to move higher
MANA/BTC
-the ascending pattern broke to the upside
-now the priority of trading is up
-entering a position at the current price is aggressive
-while waiting for the pullback retest is less risk
-either way of trading approach, use proper stop loss
-your target is the recent top resistance at 697 sat
-this uptrend will be invalidated if the price will go below 200D MA
MANA/BTC
-Trading inside a sideways channel
-200ma & 50ma acting as dynamic resistance
-If the price breaks above this channel
-Open Long position and have stoploss at 372s
Love when the charting gets it right. Testing major breakout region currently. Looking at the sales on the books, I think this has got legs. Fingers crossed y'all.
