Key resistance around 1800 sats (red box) and key support around 900 sats (blue box)
MANA pushed recently into some key resistance, does not look like a breakout, therefore, momentum may shift here going back, potentially texting key support
Not buying near resistance here, waiting for more drop.
some high r/r trades, eos is ridiculously strong compared to the rest of the market, bcash has roger buying everything forever and bitmain will never sell, don't get chopped on monero it WILL make ATH eventually, MANA should see a retrace to highs after the buyup, gl
MANA 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.
#MANA / BTC ( Bittrex , Binance )
Buy Range : 1400-1430
Stop loss : Daily Close below 1256 sats ( Optional )
Target 1 : 1756
Target 2 : 1979
DAILY CHART :
- Well supported by all moving averages
- STOCH RSI ready to go up
- CCI about to cross into green
- MACD about to cross into positive
- Nice well supported day candle
- Green three about green two and ...
A Nice token suggestion to buy & hold:
#MANA at 1600 satoshi.
Its a fundamentally fueled tip. The second land auction will begin during the second week of december.
I tried to extrapolate 1st auction, but i believe we can easely get 10x fold on that targets!
Mana has been trading in an Ascending Widening pattern, serious consideration to be place on the BUY ZONE area to make any trading decision.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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With MANA having a real utility and desirable value for Decentraland property, I see it being able to fend off against BTC downward trends like it has been
Also property bids are going on or will be or something like that DYOR
Not financial advice, just curious how it will do
What does the Higher time Frame Analysis Show Us?
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 ...