Search in ideas for "MANA"
MANAPPURAMMANAPPURAM:- Ascending triangle pattern is formed, breakout is found and if it comes out above 132 then you can plan something, till then keep your eye on the stock.
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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 & 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 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 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 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.