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.P trade ideas
MANA/USDT.P 1:3 RISK REWARD
HIGHER HIGH
In an uptrend, higher highs are a sign of increasing bullish momentum. When the price surpasses previous highs, it's often seen as confirmation that the uptrend is intact. This pattern suggests that buyers are consistently stepping in at higher price levels.
To spot higher highs:
Chart Analysis: Look at the peak points on the chart. If each peak is higher than the previous one, you're seeing higher highs.
Volume: Increasing volume with higher highs can further validate the strength of the uptrend.
MANA USDTBINANCE:MANAUSDT.P
#Decentraland is experiencing a bullish momentum, with the price moving above the key moving averages (20, 50, 100, 200). The RSI is at 64.70, indicating that the asset is approaching overbought conditions, but still has room for further upside.
The price is currently testing the $0.2904 level, with the next major resistance at $0.3343, and a more significant resistance at $0.3487. If the bullish momentum continues and the price breaks above these resistance levels, it could lead to a strong upward movement. However, if the price fails to sustain above the current level, it might pull back towards the support area around 0.2734.In summary, MANA shows a potential buy opportunity, but caution is advised due to the nearing overbought RSI and the proximity to key resistance levels.
MANAUpdate D wave for MANA, as well as update D wave of DOT and most coins that just had a Crash last night. Having finished calibrating C of 2, this segment will continue with 5 blue triangle waves and then pump to $2.7 as the previous price target. Good luck
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.
DIVERGENCE IN MANAthis thing i been watching and moves very fast, can go 1 , 2 cents very fast, not much volume, so I see this divergence , for some days down
MANA ANALYSISmana making a inverse h&s pattern we can expect a move upwards if btc remain stable otherwise we have to set a stoploss
Let's Keep an Eye on $MANABINANCE:MANAUSDT is making some nice moves.
A nice consolidation breakout of resistance zone at 0.76, and now retesting it for a support.
Also a Fib Extension has given a clearance for the next target up till next resistance.
Let's keep watching $MANA
#mana on support #Mana following trendline support from 21Nov in 4h time frame . Either we can see bounce from here or get it broken so keep eyes on it 🧐
#mana on support #Mana following trendline support from 21Nov in 4h time frame . Either we can see bounce from here or get it broken so keep eyes on it 🧐
MANAUSDT forms a channel pattern!!!if the price breaks the trend line downward wait for retest and then take an entry
💡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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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.
risky buy worth it or not time tells!my reasons for entry here -
1.may be trying to form double bottom pattern(assumption).
2. Rsi Divergence.
3. Previous area of support
4. hammer candlestick pattern in daily TF
5. Inverted hammer seen in 15 min TF.
enough reasons to buy and please use stop according to risk appetite.
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
