DECENTRALAND (X100) - MANA/BTC - Weekly - Technical analysis published on 02/03/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.006540 BTC
My targets
0.009029 BTC (+28.56%)
My analysis
The bullish trend is currently very strong on DECENTRALAND (X100) - MANA/BTC. As long as the price remains above the support at 0.006540 BTC, you could try to benefit from the boom. The first bullish objective is located at 0.009029 BTC. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DECENTRALAND (X100) - MANA/BTC rating is 0.007023 BTC. Over 5 days, this instrument gained +16.06% and was traded between 0.006212 BTC and 0.007505 BTC over the period. The price is currently at +13.06% from its lowest point and -6.42% from its highest point.0.006212
0.007505
0.007023
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DECENTRALAND (X100) - MANA/BTC:
Technical
Technical analysis of DECENTRALAND (X100) - MANA/BTC in Weekly shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.001204 | 0.002827 | 0.006540 | 0.007023 | 0.009029 |
| Change (%) | -82.86% | -59.75% | -6.88% | - | +28.56% |
| Change | -0.005819 | -0.004196 | -0.000483 | - | +0.002006 |
| Level | Intermediate | Major | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006365 | 0.006576 | 0.006715 | 0.006926 | 0.007065 | 0.007276 | 0.007415 |
| Camarilla | 0.006758 | 0.006790 | 0.006822 | 0.006854 | 0.006886 | 0.006918 | 0.006950 |
| Woodie | 0.006329 | 0.006558 | 0.006679 | 0.006908 | 0.007029 | 0.007258 | 0.007379 |
| Fibonacci | 0.006576 | 0.006710 | 0.006792 | 0.006926 | 0.007060 | 0.007142 | 0.007276 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004453 | 0.004887 | 0.005549 | 0.005983 | 0.006645 | 0.007079 | 0.007741 |
| Camarilla | 0.005911 | 0.006011 | 0.006112 | 0.006212 | 0.006313 | 0.006413 | 0.006513 |
| Woodie | 0.004568 | 0.004944 | 0.005664 | 0.006040 | 0.006760 | 0.007136 | 0.007856 |
| Fibonacci | 0.004887 | 0.005305 | 0.005564 | 0.005983 | 0.006401 | 0.006660 | 0.007079 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002635 | 0.003825 | 0.005586 | 0.006776 | 0.008537 | 0.009727 | 0.011488 |
| Camarilla | 0.006535 | 0.006805 | 0.007076 | 0.007346 | 0.007617 | 0.007887 | 0.008158 |
| Woodie | 0.002920 | 0.003968 | 0.005871 | 0.006919 | 0.008822 | 0.009870 | 0.011773 |
| Fibonacci | 0.003825 | 0.004953 | 0.005649 | 0.006776 | 0.007904 | 0.008600 | 0.009727 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.98 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 15.915750 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.007198 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.004439 | |
| Elder Ray (13): | 0.000638 | |
| Super Trend (3,10): | 0.003162 | |
| Zig ZAG (10): | 0.006891 | |
| VORTEX (21): | 1.1276 | |
| Stochastique (14,3,5): | 52.55 | |
| TEMA (21): | 0.007630 | |
| Williams %R (14): | -48.84 | |
| Chande Momentum Oscillator (20): | 0.002009 | |
| Repulse (5,40,3): | 6.3404 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 5.8365 | |
| Courbe Coppock: | 478.00 |
| MA7: | 0.006723 | |
| MA20: | 0.006454 | |
| MA50: | 0.006796 | |
| MA100: | 0.006459 | |
| MAexp7: | 0.006655 | |
| MAexp20: | 0.005586 | |
| MAexp50: | 0.003807 | |
| MAexp100: | 0.002607 | |
| Price / MA7: | +4.46% | |
| Price / MA20: | +8.82% | |
| Price / MA50: | +3.34% | |
| Price / MA100: | +8.73% | |
| Price / MAexp7: | +5.53% | |
| Price / MAexp20: | +25.73% | |
| Price / MAexp50: | +84.48% | |
| Price / MAexp100: | +169.39% |
Quotes :
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Real time data
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