💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
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Manausd
MANA token in descending triangle consolidation.Mana token that is built on Ethereum coin is a currency of Decentraland.
It gained a reputation last year after the launch of the metaverse to the public domain and gave a nice return of about 600-700% in just few months.
Though, after the initial hype the token lost its gains and travelled back to its inital price.
The token started trading below its weekly 20 ema in the First week of April 2021 and is still trading below it.
Even on the smaller time frame (daily), MANA is struggling to convincingly trade over its 20 DMA and is now forming a desending triangle formation.
Its trading around its 20 DMA and have lost around 85-90% of its value from ATH.
If the global markets regain their bullish moment the token can also give a nice targets.
On the 4-hour chart analysis the token is taking a support around 0.681 USDT levels.
Support:- 0.681, 0.629
Resistance :- 0.720, 0.730
The token has been in the down trend for so long and bullish move is expected in it.
Wait for the token to breakout of the consolidation range and a price action near the levels for creating an intraday or swing trade.
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.5317).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 2.7182
TP2= @ 2.9297
TP3= @ 3.1684
TP4= @ 3.4028
TP5= @ 3.9653
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.4984).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 2.9458
TP2= @ 3.1684
TP3= @ 3.4028
TP4= @ 3.6170
TP5= @ 3.9687
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Possible Opportunity - Cup and Handle on 30mGood morning traders! Hope all is having a great weekend so far. MANA has been channeling upward, possibly forming a cup and handle pattern. RSI has plenty of room to push to the first TP. If this pattern takes further shape, we could 1.00 within the next week. Will be keeping an eye on this possible option for opportunity. Would love to hear your thoughts!
TP1 - 0.85
TP2 - 1.00
Information provided here is not intended as financial advise. Please, dyor.