Long setup pre altcoin run, lottery ticket #4
I don't have an extensive explanation, the chart does the talking. look for breakouts above key moving average past the recent pullback.
Billions already invested and getting developed for years. Yet people already forgot about the Metaverse narrative.
If Metaverse is connected to Generative AI it will be magical. AI games, Digital Twins and you name it.
We can see Mana has finally reached it’s inverse h&s target and is also now very close to reaching the full descending channel breakout target too(dotted yellow line). It’s been a long time since I even checked this chart but glad to see it finally joining the full bull market with the rest of the alt coins. *not financial advice*
In our last analysis we identified that we were in a correction and were looking for subwave c of wave B.
We got another perfect setup! Almost 200% made on this move.
We will be taking profits here and getting ready for the next move!
Goodluck and as always, trade safe!
Just like my previous idea I posted on gala, mana is also currently inside a similar bear flag where the flag is also a descending channel. The full breakdown target for this would be negative 1.80 so I think it’s more likely this bear flag breaks upward…the descending channel on its own usually breaks up so often when you see it as the flag of a bear flag it can...
Triangle Pattern Signals Breakout: Decentraland (MANA) is teetering on the edge of a significant breakout as it navigates the apex of a triangle pattern, suggesting a move away from prevailing market uncertainties.
Sideways Movement Observed: The 200-day EMA’s flat trajectory underscores a medium-term sideways trend, indicating a period of consolidation before the...
Bearish Reversal Alert: Decentraland's price faces a potential double top breakdown from the 50-day EMA.
Support Zone Struggle: MANA's current battle at the $0.42 support hints at an impending bearish scenario.
Downward Risk: A breach below $0.40 could spiral MANA towards the $0.373 territory.
Bullish Hopes: Despite bearish signals, a potential bullish reversal...
** Warning to the bulls, this will trigger you! **
This is an extended forecast for the year ahead.
On the above 10 day chart price action has corrected 90% since the highs of $4 of late 2021. There are now a number of reasons that correction is about to extend to 98%. Why?
1) A breakout of market structure occurred in November 2022. Look left! That breakout...
another world another market another era where goods services etcetara shall take place
and Decetraland takes the lead
we await partnerships and apps on top of this Platform of the future
According to the existing volume gap at the price of 0.98 and a volume gap at the price of 2.88, the midpoint between these two price gaps is $1.8. And according to the shadow in the monthly middle candle, the price of 1.67 is a very big resistance, which will reach $2.88 if the resistance is broken. And the target of $1.6 is guaranteed. Good luck and win.
Nope!
Check this out my friends, I do not think we have seen the last of the Metaverse.
After we all made fun of it and dumped our bags on Zuckerberg, our favorite cartoon villain robot billionaire CEO kept doing what evil CEOs do - relentlessly innovate and make cool shit that we'll eventually be forced to buy because of its sheer awesomeness.
This is how...
Mana is primed for another break out.
We could have a nice pull back that would give you an even better entry.
Either way this seems very likely to play out.
Most of the alts are setting up like this right now.
Moneyflow is picking up and it seems history is about to repeat itself.
...unless the market corrects.......
Decentraland crossed today over the 1D MA200 and if it closes the day there, it will be the first time since April 22nd 2023 to do so. It may remain inside the 10 month Channel Down but crossing over the 1D MA200 where it had the last major rejection (June 5th) is strong enough to cause a breakout. Especially since this rally originated on a 1D RSI Bullish...
NYSE:SAND vs EURONEXT:MANA
Boy was I wrong on #Sandbox. But that's why you cover trades at support, good move, as it ended up going much lower.
Both have been crushed during the bear market but @decentraland has outperformed @TheSandboxGame.
Compare the highs of NYSE:SAND vs EURONEXT:MANA & they're at a similar in price now!
Diluted mkt cap is better...
Mana clearly was in a corrective downtrend move. This corrective wave ended around the horizontal support/resistance area; after that price broke the downtrend line too. So, it seems everything is ready for the next uptrend move. Let's see what happens.
Unlike what people thinks, Bitcoin is in the supply zone, what means that it still has to go down towards 20-22K before the bullrun starts.
As all coins follow Bitcoin, Decentraland has to dump around 30% despite the upcoming event.
Decentraland is following a parallel channel, so it is at or below 0.19 dollars the perfect zone to buy.
Not financial advice.
