Bullish Flag Pattern Spotted on Decentraland ($Mana Coin) | Next Impulsive Move is about to breakout

CryptoKraze here

In this post I am going to cover technical analysis of $Mana for Mid short trade. I am using tradingview charts and price linked to Bittrex exchange. Let's have a look on technical aspects of $Mana.

Possibility on 1 Hour Chart

If you look at 1 hour chart, you will see $Mana has made a big impulsive move and now it has formed a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pulls back and wait for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has dipped to 50 level now, so we have pull back done and next impulsive move is ready. If we look at bollinger bands, the price has touched upper bands and now it has reached median line and break above is ready.

I will have a buy entry at 0.00001300 with my profit target will be around 0.00001600 and 0.00001800 or above.
Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

Have a look on my other Posts
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Averaging Technique in Crypto Trading

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Crypto Kraze Trading Results | 200% Profit made on $Nexus Trade

If you like my posts and analysis and want me to add analysis on more cryptocurrencies, let me know in comments and I will add analysis

Disclaimer
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.

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syarol (38) · 7 years ago

I am very interested in your post

$0.00

kigea (40) · 7 years ago

thank you brother for the information

mike26 (32) · 7 years ago

I already have my MANAs saved. MANA will increase its value much more, buy now that it is cheap.

cryptokraze (72) · 7 years ago

It will grow more in coming days, dont sell all and keep holding some in your bag.

$2.44

1 vote

windstone (25) · 7 years ago

Thank You for sharing this one, literally when I saw the post the price dropped significantly and I bought it at beautiful price 0.00001200 at a dip, looking forward to next couple of days :)

abdulmanan (67) · 7 years ago

oh yes Mana is great ...
one should invest some amount in it for future profit..
Following you brother ..

How long do you think that might take for that Mid short trade to take? Cause it had pretty good trend upwards bot kind of going down now.