✅Today, I want to analyze MANA for you in a WEEKLY time frame so that we can have a Short-term view of MANA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
We have a Bullish Structure here
Cup & Handle pattern is completed and now we testing the resistance...
The price is moving in a perfectly formed head and shoulders pattern
We have a higher moving average of 100
The rise is expected to continue to complete the model based on 4 goals
Entry price is 0.4611
The first target is 0.4779
The second target is 0.4935
The third goal is 0.5172
The fourth target is 0.5378
MANAUSDT Technical analysis ypdate
MANA's price is approaching the trend resistance line, and volume has been gradually increasing over the past month. If the price breaks out above this resistance level, we can expect a significant upward move.
💎 Paradisers, direct your attention to MANAUSDT as it exhibits a notable pattern, suggesting a strong probability for a bullish move.
💎#MANA historical performance reveals a tendency to adhere to a descending channel pattern, with a break above leading to an upward trajectory. Presently, it is demonstrating a bullish stance. The critical level to watch is $.4244;...
MANA - I love this token I got it on the last Bull Run and topped up at $0.25 at the bottom again.
I feel the #metaverse will play a big part in the everyday life of humans soon!
Think it might rip a little today as well check my chart for more information!
Hi dear friends hope you are well and welcome to the new trade setup of Decentraland (MANA) with US Dollar pair
Previously we caught almost 17% pump of MANA as below:
Now on a 4-hr time frame, MANA has completed a bullish Gartley setup for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly...
Mana is inside a large diametric that is now completing the ascending branch of F. the last falling wave that we expected did not form and was pumped.
We considered the final pattern to be diametric, but this pattern was triangular.
Now the resistance that has been broken is a strong demand. If the price returns to this demand, it is a good position for a...
Decentraland crossed today over the 1D MA200 and if it closes the day there, it will be the first time since April 22nd 2023 to do so. It may remain inside the 10 month Channel Down but crossing over the 1D MA200 where it had the last major rejection (June 5th) is strong enough to cause a breakout. Especially since this rally originated on a 1D RSI Bullish...
You are with MANA review
MANA has been in a price-time correction phase for a very long time. By examining MANA waves, I came to an interesting structure
We have a large diametric, which is now the analysis image for branch E of this diametric. Branch E itself has become a diametric. Looks like we are now in wave g from E. The g wave of E also appears...
Unlike what people thinks, Bitcoin is in the supply zone, what means that it still has to go down towards 20-22K before the bullrun starts.
As all coins follow Bitcoin, Decentraland has to dump around 30% despite the upcoming event.
Decentraland is following a parallel channel, so it is at or below 0.19 dollars the perfect zone to buy.
Not financial advice.
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The key is whether the price can be maintained above 0.3136 and rise above the MS-Signal indicator.
MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse.
We are currently within the correction and looking for Wave B completion.
Will be looking for lower timeframe price action to tell us when to enter with a small stop loss!
Goodluck and as always, trade safe!
I would call this a head and shoulders but it technically it isn't as the head is higher than the right shoulder.
But if you consider the structure to be on an angle you can assume the structure.
With this assumption we can plot a price rise with the right arm of the shoulder.
Important downtrend lines in green.
today we have one of the best risk to reward Investment opportunity
it is more than 890 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target