MANAUSDT LEVELS 08.12.2024MANAUSDT Trading in sideways market from 2022,once it's breaks 0.836 at monthly levels, will expect to reach previous high.
RISK REWARD IS GOOD
(DYOR)
MANAUSDT
MANA: Bullish Breakout Alert! Watch for Confirmation💎 MANA has broken out of a descending channel, forming an inverse head and shoulders pattern, indicating a potential bullish reversal. Additionally, the price action is showing signs of bullish momentum, further increasing the likelihood of a bullish move.
💎 If MANAUSDT successfully breaks above the resistance level, it may signal a continuation of the bullish trend. However, if MANA experiences a pullback, it would be prudent to wait for it to reach the next support level + bullish Order Block (OB) zone before considering entry. A bounce from this area could provide a favorable entry point.
💎 On the other hand, if MANA breaks down below these levels or exhibits panic selling behavior, it may be wise to avoid trading it until the market conditions stabilize and clearer signals emerge.
Mana coin-Downside flag breakoutMana coin is making a flag pattern in 4h timeframe.The flag once broke out earlier,now it is retesting from the trendline and can fall downside to the next support.If high volume bear candles form on the chart,then a short trade can be initiated downside.Supports are marked there on the chart.
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.
Mana scalpzone 4 hr TF with supp & resisMANA is testing the support of the $1.252 area and needs to hold above this level. There is a downtrend line which works as a resistance level. A break above $1.80 is considered bullish and we see a rally towards the $2.20-$2.40 area. You can add some MANA near the support level with a tight stop loss of below the $1.25 level.
mana about to fly what a beautiful divergence is visible
focus only on the yellow lines and draws and read the image given
considering that we can see a pump in mana in future stay tuned
and observe this
hope you learnt something new
till than bye bye
and happy trading
RNDR LONG !!! As the Crypto markets are turning bullish and the coins are available at a discounted price, it is a great opportunity to buy.
RNDR is at a good Support level.
Buy according to the levels given in the charts.
Always Place Stoploss.
Trial the Stoploss when a new higher low is formed.
let your profits be on Stonks !! :)
#Mana is getting ready for 35% Move
Possibility of at least 35% Upmove in few days
Can be added Above 2.93
Short Term Targets - 3.4, 3.93
#Mana scalpzone & triangle breakout 4hr TF sup. & resis.#MANA finally broke out of the triangle & resistance line and currently, retesting back. The support around, $2.51 is the good area for buy setups. #BTC also looking bullish but at the resistance, so use proper stoploss with and risk management as well.
#Mana scalping zone 4 hr TF with sup. & resis#Mana scalping zone 4 hr TF with sup. & resis, there's is #ascending triangle channel pattern which is bullish and shows bullish intent. Currently, price reached a good flip area around $2.55 - $2.56. Overall, rejection is expected, if price break this resistance. Better wait for a breakout of the resistance line or a proper dip to any strong support.
MANA Breakout MANA/USDT forming a breakout pattern on technical charts.
after the recent correction, we can see some momentum and growth.
MANA will be a complete head & shoulder pattern, wait and seeMANA will be a complete head & shoulder pattern, wait and see for bull run hopefully.
MANA UpdateEverything is self explanatory in the chart. Might stay bullish as it took support at the 0.618 level on Fibonacci
MANA great buying opportunityBull flag looks promising.
MANAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day MA, which acts as a support.
#Not a financial advice
💡Don't miss the great buy opportunity in MANAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.7034).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 3.0775
TP2= @ 3.4566
TP3= @ 3.8489
TP4= @ 4.2019
TP5= @ 4.9394
SL= Break below S2
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MANA is BULLishMANA is likely to spike soon, hold on for a bullish run. This after days of accumulation, you can expect a big jump soon.
