This chart looks so good that I had to stop to share a trade signal before writing this article...
So, what do we have here?
Decentraland (MANABTC) has gone through a massive correction/bear cycle.
MANABTC dropped by 83% from its All-Time High.
Now, altcoins vs tether (ALTSUSDT) pairs tend to correct by 93, 95 and up to 98% from major bullish cycles while the...
The MANA has two resistances at 0.00003309 and 0.00003527 and the Ichimoku cloud, before reaching its target. Highlight the MM200 which is a powerful magnet that is beyond the target, facilitating the ascent. Support has 0.00003019 imposed by Fibonacci. Mataverse tokens were dormant and undervalued, and there is already a positive movement towards them
⚡️ #MANA/BTC - Potential 125% - Long ⚡️
- Bullish Divergence
- Wave Reversal
- Nearing Bottom Of Trendline Support
- Descending Wedge
All targets & analysis displayed on chart
*These trade ideas are not tracked or official trades
I do see a possibility of a short (daily) run upwards. But this will not be the big rally. It's more a final top out and then we will go into a long consolidation phase to reach Wave 4 target zone.
But there is definitely a good chance to have afterwards in 2025 (not exactly) a huge big rally coming in for Mana again.
The big new bull market in around 2025...
For Decentraland (MANABTC), we have a higher low long-term and prices moving above EMA300 and EMA100 today.
The last barrier for MANABTC is set around 0.00004510.
Once this level is taken out we can expect strong growth (green arrow).
Closing below this level would signal additional consolidation before the next bullish wave...
Additional details on the...
Hi dear friends, hope you are well and welcome to the new trade setup of Decentraland (MANA) with BTC pair.
Recently I shared a long-term trade setup for MANA, which is still in play:
Now on a 4-hr time frame, MANA has formed a bearish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss,...
We are seeing MANA printing a Complex Inverse Head and Shoulders Pattern on both MANAUSDT and MANABTC, once it breaks the neckline, we will have a very good trade opportunity with risk reward ratio of approximately 5:1
###NOT FINANCIAL ADVICE###
On the left the USD pair demonstrates very bullish behavior, the 21SMA shows growth when in contact with the larger Gaussian Channel
On the right the BTC pair also shows some bullish transition behavior, in which a previous resistance has turned support.
MANA/BTC pair at support?
Looks like theres a weak bullish divergence also, albeit the RSI did fully go oversold.
At the 0.5 fib not fib line lol, so the initial bull trend is still in tact.
also at the 200 ema which might serve up as support.
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1.) Anything above price is a resistance, anything below is support.
2.) Proceed with caution when taking a trade based off of this chart.
3.) Make a copy of it to watch it in real-time. Click the share button, then "Make it Mine"
4.) It is very risky to set limit orders, I advise you to set alarms and when it hits, check how it reacts.
Cool to watch this continue playing out, a little late posting this but you can see the power of the set up here that i identified in previous posts. Another bat pattern has formed, with a higher low, etc, its a bit late too take an entry here, but if you've been in this thing, it wouldnt be hard to imagine another harmonic printing and then leading to...
Excuse the breaths, I believe I have bronchitis.
I use the replay feature to go over what I was looking at over part of this last week. I think it is pretty insightful and at the same time, shows how even though I have been right almost 100% on recent "if x does x scenarios" there are definitely times that I look at the chart and say: "I'm just not sure what is...