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MANA is sitting around a strong demand zone in green so we will be looking for buy setups.
Before we buy , we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: MANA is forming a symmetrical triangle in red...
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My Minimalist Analysis of $MANA
MY ENTRIES for a good correction.
Indicated are key levels of support and resistance using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
Watch out for Patterns, Divergence, EMA, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or...
PENNANT FORMING DURING ACCUMULATION PERIOD!
Ever since tapping its ATH of $1.60, MANA broke down and found support in the red zone.
I believe it will move sideways for the next couple of weeks in the .75 to .95 cents range before a move up to $1.60
After that, it will discover a new price above the 1.6 fib levels.
If there's one thing I've learned about crypto,...
I was looking at the 1 hr chart this morning, hit $1.07 a time or two, with a upward sloping bottom. Maybe it's in a rising triangle. Maybe only short term, it is on a lower time frame, but could be some gains in there. Idk I'm just taking a stab at it here to be completely honest, bc TradingView suggested I use more of it's tools and features.
Using the EMA 20/50/100/200
Possible bull run if market were to act the same way it did from the last crossover of the EMA 20.
It rose about 100 days with an average daily volume of 6.7M.
The new crossover has an average of 10M daily volume, which could help to push the coin even higher.
NOTE: This is my personal opinion. THIS IS NOT FINANCIAL ADVICE.
MANA (Decentraland) has so far netted me a 40.53% return on my .07225 preliminary in 30 days. A gain of 40% isn't bad for a month's investment IMO. But I think more is coming, especially with a new surge of demand spikes appearing as the PA transcends range resistance and approaches a new set of target zones.
Prognosis: Expect more climbing, but not without a...
BUY AND HOLD
In addition, we remind you that as the popularity of the metaverse and the Decentralized Earth has increased dramatically over the past year, which has led to an increase in demand, the digital assets associated with them (i.e. their own MANA token, real estate / real estate / LAND prices, etc.) have also increased significantly in price. This, in...
We have just broken out of a consolidation phase, broke along the top now on a slight retest. We should see a nice uptrend followed by another pullback creating a Double Bottom which would send us on our way towards $1 as we head into the weekend.
2 Indicators we must pay attention to is if we break back into the consolidation phase & test the lower resistance,...