Good day traders.
I can't stay away from the darn alt coins and MANA is a fav to trade. This is a simple method that I use to buy and sell alt coins (some). I only use daily charts and trade with long term plan but its highly effective when carried out properly.
Simple MA strategy adapted for fast moving and volatile as hell crypto.
Use 15 MA and 30 MA along...
I see that big candle coming...!! If that happens 150-184% profits. Worth the risk.
Remember, not a financial advise. DYOR.
Happy holidays andd happy tradings!
Upside down it do look like a distribution scheme, so it can be used as accumelation.
Lets see how this plays out.
Wyckoff distribution scheme :
d.stockcharts.com
Price rose into the upper trading channel as expected and reached my profit target. I sold 50% of the position and am now watching to see if resistance here at .83 can be breached. If so,I'll reenter with stops just below .80
The best time to scale in to a play is when nobody is looking your way. Starting a new partial long play here. Methinks is will float to the upper consolidation area in the short term. Thenn we'll see what happens after that.
Since 11th of July, Decentraland has been moving steadily upwards producing higher highs and higher lows. On the 17th of July price reached the high at $0.135, which has resulted in a 53% growth in less than a week.
Then price corrected won to $0.11, where MANA/USD has rejected cleanly 50% Fibonacci retracement level. Today MANA broke above the ascending channel,...
According to 4h chart price is on the ma200 now. If create stop-loss at 0.103$ , it must be try. On the other hand if volume increase first selling area will be 0.110$ and secondly 0.128$.
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