MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse.
We are currently within the correction and looking for Wave B completion.
Will be looking for lower timeframe price action to tell us when to enter with a small stop loss!
Goodluck and as always, trade safe!
MANAUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 0.3033 resistance level. Only the downward break of 0.2852 would cancel the bullish scenario.
Stop loss: 0.2852
Take profit 1: 0.3146
Take profit 2: 0.3327
Strategy: Bullish breakout
Technically we are at the bottom!
I buy at this level 0.29!
Volume price 0.298
It is very unlikely that we will go lower, but even so it is! It will depend on the project or the market as a whole.
In the future, according to the previous impulse, we can reach $11
More precisely, I can say when there will be an exit from the accumulation.
Mana is in the sweet shopping zone!!! 0,32988-0,24128
Local area 0.314-0.205
The purchase level is 0.254
Global purchase zone 0.314-0.122
The purchase level is 0.211 the price can come to this level
The price of the total volume is 0.31094
We are closely monitoring this level!!!
The volume price is 0.77702
This is another important level, it will manifest...
Decentraland is forming a weekly TF bullish flag. The flag breakout is likely going to be initiated from the next support or the wide demand zone beneath it. A short term buying opportunity can be scouted on both. But a fast and long bullish move is going to be tough because there are many resistances ahead. For a long term buy, its better to wait for all the 3...
After the high back in February, Mana has re-entered its downtrend.
However, this recent drop stopped again in the 0.3 zone and the coin shily started to rise again.
The touch of 0.44 zone resistance led to a drop and at this moment we have two possible scenarios, both for bulls and for bears.
As I said, the drop from 0.85 stopped again at...
Mana is a great real use crypto heavily backed as an actual currency used in decentraland where the prestigious southeby's auction house have been involved as well as big stars like deadmau5. I tipped mana a couple of weeks ago in my btc post and its been accumulating ever since. I think the SEC have this one wrong as its clearly used as a currency to buy virtual...
Mana clearly was in a corrective downtrend move. This corrective wave ended around the horizontal support/resistance area; after that price broke the downtrend line too. So, it seems everything is ready for the next uptrend move. Let's see what happens.
MANA/USD (Decentraland) 1w chart (2018-2025)
Long Term Analysis
We have Red Parallel Channel
Price is almost at the bottom.
RSI level is almost bottom.
I think this is very simple and understandable chart
I've always loved to do things early, work early, wake up early, meditate early, open up my Crypto trades early; buying early... It has its advantages and pitfalls.
One of the advantages is that you get bigger, better, higher earnings potential, the initial move is always fast and strong.
One of the pitfalls is that you are less certain as the confirmation is...
In our last analysis for MANA, we identified that we were in subwave 2 of wave 5. We are now at the extremes of the subwave 2 as we're touching the ascending trendline which we anticipate to be respected.
Our hard stops will remain below invalidation level but we can capitalise on a risk entry now.
For a safe entry, we can watch for the red trendline to break,...