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,...
Decentraland (MANAUSD) has been unable to break above the 1W MA50 (blue trend-line) despite January's rise (led at large by Bitcoin). This draws heavy comparisons with the previous Cycle, which on March and June 2019 failed also to break above the 1W MA50 despite a March rally and instead dropped to the 1.236 Fibonacci extension, which was a Lower Low for the Bear...
Like a crab, Decentraland is predominantly moving sidewards just above the support at $0.48. Nevertheless, we expect our crypto friend to develop more upwards momentum soon so that it will be able to expand wave iii in magenta above the resistance at $0.84. However, there is a 35% chance that Decentraland could slip below the support at $0.48, thus digging itself...
Futures trading is risky. I share my own process. It is not investment advice
MANA is looking like its almost ready for a MASSIVE move.. At least 1000%. We can see that we are currently in a 5 wave move higher. Wave 3 had a nice 5 subwave breakdown. We can use that framework to figure out what's next for wave 5. Subwave 2 of wave 3 was a tight correction and we are seeing almost an identical tight correction for subwave 2 of wave 5....
COINBASE:MANAUSD with a possible rally to $0.65 it would need to hold and then it could go to $0.83
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Drinking Kombucha on a Friday night playing with the Mana chart Elliot Wave Count. Mana looking bullish. The TP - Take Profit ideas are prices to watch for spot trading and hodlers to sell and then buy back in on the dip at the BB CBO - Buy Back Cheeky Buy Order - These are the price levels to watch for potential bounces. Of course we may not hit these targets,...
MANAUSD/ Decentraland is inside a Falling Wedge pattern, which after January's rally looks more like a Bull Flag. Typically Falling Wedges break upwards, it is the inverse of what happened with the Rising Wedge of mid August. Target Resistance A (0.8450) and Resistance B (1.1280). Follow us, like the idea and leave a comment below!!
MANAUSD looks like a picture perfect impulse. We can see clear impulses and clear corrections. We can see that we've completed the 4th wave and now we're in the 5th wave. We are expecting 5 subwaves for the 5th wave and we can see that we're in subwave 2 now. The lower subwave 2 goes, the better (as long as we stay above blue structure)/ Trade Idea: - Watch for...
Over the last few years #DECENTRALAND has been one of our best performing trading pairs, providing consistently profitable trades time and again! Here's another example coming up right now, we predict the price being rejected by the trend line it's currently sat on, dropping around 40% (a huge amount!) to meet the lower trend line. _________ What Do You...
Looks like the attempt to reclaim a prior range is about to breakdown: - Currently sitting on the 11W EMA. - Currently sitting at range low. - Fair Value Gap underneath. Target $0.32. All this is still confluent with the lifetime ascending channel.
looks like another one in a channel to support/supply before next halving, gl!
MANAUSD is a highly speculative crypto that has found support on an earlier given support zone. We did get that prominent 4 hourly close indicating that the trend is about to change. At this point I entered a trade with 5x leverage (14. February) MANAUSD has the potential to move between 20-50% which is reasonable with its 200% gains
Decentraland broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.64 is possible.