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
Mana se acerca poco a poco de nuevo a la resistencia horizontal que ha tocado ya 2 veces desde septiembre
Además tenemos cruce en Medias Moviles de 7 y 100 periodos. También han cruzado las Medias de 20 y 50
Se acerca un trade con un Riesgo:Beneficio posible muy atractivo
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$.
MACD and volume are turning up to a good zone, and I noticed these similar fractals. The one previous looks sort of wave 1 and 2 ish from an Elliott Wave perspective. We could see Wave 3 within the next week or two. Target 0.13 cents then -.15 cents short term.
Decentraland is the first virtual platform owned by its users. $MANA
There are plenty of opportunities to explore or even create your own piece of the universe. You can purchase land through the Ethereum blockchain, creating an immutable record of ownership. No one can limit what you build.
With full control over your land, you can create unique experiences...
