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Manta Network perpetual contract

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MANTAUSDT.P trade ideas

Anticipating a MANTAUSDT Crash: Could the Downside Exceed 60%?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:MANTAUSDT ! On the Daily timeframe, MANTAUSDT is presenting a clear double-top pattern , a classic bearish signal indicating a potential reversal from an uptrend to a downtrend. The recent breakout of the neckline, paired with a surge in volume above the volume MA line, amplifies the downward momentum. With the MACD Indicator firmly in the negative zone, the stage is set for continued downside movement, targeting our first target at 1.107. Once achieved, we anticipate a revisit to the neckline or the pullback zone before the bearish bias extends towards our second target at 0.788, the 2.618 Fibonacci ratio. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Short
by financialfreedomgoals101
7
MANTA looks bearishFrom where we placed the red arrow on the chart, the MANTA correction has started. The pattern seems to be a diametric and we are now at the end of wave E. It is expected that the corrective phase of MANTA will continue. The two vertical lines on the chart are the approximate time of completion of wave E of the diametric Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
MANTAUSDT.P Analysis: Potential Rebound OpportunitiesDaily Chart (1D) Current Price: 1.58 Bollinger Bands (BB 21, 2): Lower Band: 1.5142 Middle Band: 1.7121 Upper Band: 1.9101 Broken Support: 1.7112 Resistance: 1.8436 Observations: The current price is 1.58, which is below the middle Bollinger Band (1.7121), indicating a downward trend. The price has recently broken below the key support level at 1.7112, which now acts as a resistance. The nearest resistance level is 1.8436, providing an upward target if a reversal occurs. 4-Hour Chart (4h) Current Price: 1.58 Bollinger Bands (BB 21, 2): Lower Band: 1.4170 Middle Band: 1.6571 Upper Band: 1.8973 Support: 1.4916 Resistance: 1.6309 Historical Resistance (7th June 2024): 1.7958 Last Oversold: 7th June 2024, price was below 1.7720 Observations: The current price is 1.58, which is below the middle Bollinger Band (1.6571), indicating a bearish sentiment. There is a support level at 1.4916, providing a potential base for a rebound. The nearest resistance level is at 1.6309, and a historical resistance on 7th June 2024 at 1.7958. Combined Analysis Short-Term (4h) Scenario: Bullish Rebound: If MANTA can hold above the support level at 1.4916, a potential rebound could target the middle Bollinger Band at 1.6571. Further strength might push the price towards the resistance at 1.6309 and possibly towards the historical resistance at 1.7958 if bullish momentum continues. Bearish Continuation: Failure to maintain above the support level at 1.4916 could lead to further declines, possibly testing the lower Bollinger Band at 1.4170. Long-Term (1D) Scenario: Bullish Rebound: If MANTA can recover and break above the broken support (now resistance) at 1.7112, it could target the middle Bollinger Band at 1.7121 and the resistance at 1.8436. Sustained bullish momentum could push the price towards the upper Bollinger Band at 1.9101. Bearish Continuation: If the price fails to reclaim the 1.7112 level, downward pressure might persist, with the next significant support at the lower Bollinger Band at 1.5142. Conclusion Bullish Scenario: In the short term, if MANTA can hold above the support at 1.4916 and recover towards the middle Bollinger Band (1.6571) on the 4-hour chart, it could signal a potential rebound. Long-term, breaking above the resistance at 1.7112 could target the middle Bollinger Band (1.7121) on the daily chart. Bearish Scenario: A failure to maintain above the 4-hour support at 1.4916 could lead to further declines towards the lower Bollinger Band (1.4170). On the daily chart, continued weakness below 1.7112 might see the price testing the lower Bollinger Band at 1.5142. Monitoring these key support and resistance levels, along with Bollinger Band movements, will provide insights into the potential direction of MANTAUSDT.P's price action. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
by The_Bull_Trader
MANTA/USDT: Bullish Breakout with Target Zones** **Chart Description:** This analysis of MANTA/USDT on a daily chart showcases a recent bullish breakout with key support and resistance levels identified. The chart highlights significant price levels and provides a potential future price trajectory, indicated by the red arrow. **Key Features:** - **Support Levels:** Key support is identified at $1.742 and $1.516, which have previously provided strong buying interest and prevented further declines. - **Resistance Levels:** Significant resistance is marked at $2.026, where selling pressure may increase. - **Volume and RSI Analysis:** The volume indicator shows increased trading activity, supporting the recent price movements. The RSI (Relative Strength Index) is at 68.138, indicating bullish momentum but nearing the overbought zone. **Technical Outlook:** The current setup indicates a bullish sentiment with the price breaking above previous resistance levels. If the price continues to hold above the support at $1.857, we could see a move towards the $2.026 resistance level. Traders should watch for a breakout above $2.026 for confirmation of the bullish trend continuation. **Price Projection:** The red arrow suggests a potential upward movement, with prices expected to reach up to $2.026. If this level is breached, the next target could be around $2.633, as indicated by the green resistance zone. **Conclusion:** Traders are advised to monitor the support and resistance levels closely and look for bullish signals above $1.857. A sustained move above $2.026 could open up further upside potential towards $2.633. However, caution is advised as the RSI is nearing the overbought zone, indicating the possibility of a short-term pullback.
Long
by perotrade
Manta ReversalThe main trend shows a sharp decline from a high of around $3.50 to a low of around $1.40 before the price begins to consolidate and a new pattern forms. There is a strong resistance area around $1.78 to $1.90 (blue area). Price has tried to break this level several times but is still stuck. Price Movement : Falling Wedge: There is a falling wedge pattern that has broken upwards, which is generally considered a bullish pattern. This pattern provides an indication that the price has the potential to rise further. Right now, Manta has succesful breakout of falling wedge and forming ascending triangle as a continuation pattern. The price is around the EMA 21, which indicates consolidation and potential further directional movement. There appears to be a Fair Value Gap (FVG) in the area of ​​around $2.00 to $2.40. If the price manages to break through the current resistance, the next target will likely be to fill this gap. Profit Target TP 1: Around $2.10, based on measurements from the falling wedge breakout TP 2: Around $2.40, the upper area of ​​the Fair Value Gap (FVG). Stop Loss: Around $1.66 or slightly below the 21 EMA to reduce risk, around $1.65
Long
by CryptoWizard_
MANTA - FAKEOUT FROM DAILY TRIANGLE PATTERN ! MANTA Network (MANTA), a privacy-focused DeFi project, has recently exhibited a bullish breakout that suggests significant price appreciation in the coming weeks and months. The token broke out of a descending triangle pattern, signaling a potential trend reversal and a surge towards its all-time high of $10. Deceptive Breakout and Liquidity Sweep: MANTA's price action initially appeared to break down from the triangle pattern, reaching a low of $1.70. However, this move was likely a deceptive maneuver to shake out weak holders and accumulate liquidity at lower prices. The subsequent sharp reversal and breakout confirmed the bullish intent behind the price action. Liquidity Imbalance as the Only Hurdle: With the triangle breakout successfully executed, the primary obstacle to MANTA's upward trajectory lies in the form of a liquidity imbalance around the $2.20 to $2.50 price range. Once this imbalance is absorbed, MANTA is poised for a unimpeded run towards its $10 target. MANTA Network: A Privacy-Focused DeFi Solution: MANTA Network is a decentralized finance (DeFi) protocol that offers privacy-preserving solutions for lending, borrowing, and stablecoin issuance. Its unique privacy features address a critical need in the DeFi space, where transparency can sometimes expose users to financial risks and identity theft. Key Features of MANTA Network: Private DeFi Transactions: MANTA utilizes zk-SNARKs, a zero-knowledge proof technology, to shield transaction details, protecting user privacy. Decentralized Governance: MANTA is governed by its community of token holders, ensuring a transparent and democratic decision-making process. Diverse DeFi Products: MANTA offers a range of DeFi products, including a privacy-preserving lending protocol, a stablecoin issuance platform, and a decentralized exchange (DEX). Conclusion: MANTA Network's recent breakout from the descending triangle, coupled with its strong fundamentals and privacy-focused approach, positions it as a promising investment opportunity in the burgeoning DeFi sector. With the liquidity imbalance around the $2.20 to $2.50 price range as the only significant hurdle, MANTA is well-poised to embark on a significant upward trajectory towards its $10 target and potentially beyond.
Long
by Yaroslav_Krasko
Trade Idea for Manta Network (MANTA) - Accumulation StrategyManta Network (MANTA) is currently trading around $2.00, making it a notable player in the privacy-focused blockchain space. Manta Network aims to provide privacy-preserving transactions using zk-SNARKs technology, ensuring users' data security and confidentiality on the blockchain. Start building a position at the current market price of around $1.70. This level offers a strategic entry point considering the project's potential and current market valuation. Plan to accumulate more MANTA tokens if the price drops to $1.60 and further to $1.40. This approach allows for averaging down the entry price and maximizing exposure during market dips. Set take-profit targets at $2.70, $3.45, and $3.90. These targets are chosen based on anticipated resistance levels and historical price movements, aiming to capture significant upside potential. Manta Network is focused on enhancing privacy for DeFi users by integrating advanced cryptographic techniques. Its unique approach to privacy in the decentralized finance sector positions it as a critical player as privacy concerns continue to rise in the blockchain space. The broader cryptocurrency market trends and increasing interest in privacy solutions can drive demand for MANTA tokens. Monitoring developments and partnerships within the Manta Network ecosystem will be essential to adjust the investment strategy accordingly. Accumulating MANTA at strategic price points leverages market volatility and the project’s promising fundamentals in the privacy space. The phased profit-taking strategy aims to optimize returns while balancing risk. This trade idea is based on the current market data and Manta Network’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Long
by icordkaz
1
$Manta prediction! 45%+ possible gains!Manta has been extremely popular among the traders as of late. So far we do not have much info on the charts but based on the hype, volume and network volume we may see sharp moves in near future. Daily volume was lower end of spectrum while it was correcting. So this may indicate that we may already be done with the correction and gearing to go up. Crazy things could happen with this one. So I came up with few possible personal predictions. I will update this idea once we have more data and clear targets! Good Luck!
by SpaceCatZ