Decentraland / Bitcoin
0.000002507BTCR
−0.000000102−3.91%
As of today at 15:57 GMT
BTC
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MANABTC trade ideas
$MANA Huge Upside Potentital
Looking at $MANA (Decentraland) on the daily timeframe
Again just like most to all other altcoins, MANA has been in accumulation. However, this coin looks sort of like the $THETA coin that just had it's parabolic rise of over 1000% and news articles covered it
By saying this I mean $MANA has been in accumulation for almost a year now
The longer the accumulation period, the higher the price will slingshot up
Accumulation zone is 366-439 sats, wide range yes I know. Clearly marked out levels on the chart so you can easily eyeball the moves that are about to take place.
I tried entering at just under 439 sats but got stopped out with a tight SL, waiting on re-entry
1st distribution target is 580 sats
2nd distribution target is 751 sats
Unlike Ravencoin and MATic network, I sort of have a clue what MANA does as a coin. It runs on the Ethereum network as an ERC-20 token and Decentraland is a virtual game where you can own shares of the land all tokenized on the blockchain
Please be patient with this coin, this is a daily timeframe so don't expect the price to yeet in price the second you buy it screaming Mclaren mclaren.
MANA - preppingSupport, momentum, breaks. A little more resistance. Considering the breaks so far, could bold manually buy now. Or wait for little higher confirmations to be safe, but have buy order pickup ready above 512 or 542 . Needs to be automatic order, because to hard to watch and time, breaks are fast.
A 53% PROFIT FROM MANABTCA 53% potential with MANABTC - LONG
Mana has been in consolidation phase for almost a year now, ranging from a support level 292 to a Resistance level of 510; expect a fake bullish that happened in February after reaching 682 and then down to it’s silent pool.
Its MAs they’re definitely showing signs of bullishness And consistency. I’m taking profits at 488, 518, 623, 661, 753 before going edging closer to 900s.
A 356 SL, quite low since no signs of a serious dump.
With those targets reached we could bag a 53%+ in profit.
Mana finally break resistanceIt has been a long while since I posted a chart. Since I am still considered new, please feel free to add or correct my analysis.
After what seems like forever, mana broke the resistance of approx. 448 this evening.
Taking a look at the moving averages, on the 4H they are absolutely perfect with the bottom being the 200 EMA followed by the 100, 55, 21 and the short term 10 ema. Showing a definite sign of bullishness and continuation.
The moving averages on the daily are another story. The 100 EMA is the only moving average coming down while all the others are moving up in a rather confusing order.
Daily
RSI bullish
MacD bullish
Stock RSI bullish
CMF neutral to bullish
Price targets
493
529
571
621
700
If all targets are hit we will see approx. 42%
thank you
mana falling wedgeManna sometimes or archaically spelled mana is, according to the Bible, an edible substance which God provided for the Israelites during their travels in the desert during the 40-year period following the Exodus and prior to the conquest of Canaan. It is also mentioned in the Quran three times.
MANABTC: Swing longIf you don't believe bitcoin will plummet to 6200 - MANABTC has a good chance to earn some cash.
R:R for me looks good, growth potential is decent. Invalidation if we lost 5% on this trade, in this case, the fall should continue to 280 satoshi and below.
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Information is just for educational purposes, never financial advice. Always do your own research.
