Decentraland is a game infrastructure supporting NFT's to buy land and other assets. As NFT's might be the next boom sector I'm bullish in this project. Although I tried the game and there isn't many gamers I expect this project to grow with the next NTF BOOM as it might gain more exposure to the gaming public.
Also the TA, looks good to me, what do you guys...
Bullish penant has formed and consistently held throughout both the dump and subsequent pump of BTC which obliterated most altcoins. MANA is one of the very few coins that has not retraced significantly during the altcoin bloodbath having formed a strong pennant. Record volumes also preceded formation of the pennant, suggesting a huge volume of MANA changing hands...
#MANA UPDATE :-
> Falling Wedge Breakout Done With Black Line
> Descending channel Breakout Going On
> Perfect Cup & Handle Pattern
> After Breakout Of Cup & Handle Resistance Level Will Be Super Bullish.
If BTC Drama Will Not Start incoming Day's then #MANA Can Go For Big Move.
Trade With Wisely & Safety
Don't Trade Blindly
Trading Involves High...
How to trade EMA
timeframe : 4 hour
Chart : MANABTC
price is holding 100 EMA (7 candle holding perfectly)
Good bounce off EMA 100 that's the good sign .. sideway accumulation complete
Bounce is confirmation wait for retest ( we made bounce they are ready to move pump it added many new buyer and than again dump it and after filing order taking it higher )
So, by looking at MANABTC chart I see that after huge price increase MANABTC had correction and it perfectly ended on 0.386 Fib level. Now uptrend should continue and first obstacle here is 850 level, if bulls manage break that resistance level then we will have strong bullish movement towards new highs, in opposite case we may see more retrace or consolidation....
Following my previous post on MANAUSD-4h bais, on a daily basis MANABTC has a Bullish Pennant.
The first profit target as at Fibo-1 if the Bull start to move, and we can expect a resistance, so keep an eye on the indicators.
The next target will be Fibo-1.6 which we can expect the a heavy resistance and reversal of the trend.
And the Next Big resistance is...
Nice impulse move on weekly, but needs to be careful here, usually alts can grow fast at first, but then they can experienced a long pullback. So, I'd be careful with longs here. It's better wait for a confirmation and close / open new weekly candle above monthly-long resistance (900 satoshi).
If we hold above this resistance I'm long with the target at 1700...
We picked Decentraland (MANABTC) correctly... Patience is key.
Below I would like to show you the results of our trades as well as the next target.
We are looking at 107% already with more to come.
This one was shared back in March and then re-post in May... As...