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,...
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.
In Very uncertain Market We have Small Trade for Trying
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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...
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###
We know Decentraland since its inception.
We've been in the cryptocurrency markets since 2013.
MANABTC (Decentraland) has grown over 4350% since January this year... This is aa great market.
MANA is related to virtual reality/the Metaverse.
What you see happening here will be repeated through the Altcoins market.
Be patient and you will be rewarded with...