DECENTRALAND (X10) - MANA/ETH

- ETH (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MANAETH
ISIN:

DECENTRALAND (X10) - MANA/ETH - Weekly - Technical analysis published on 02/07/2022 (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

72%

22%

My opinion

Bullish above 0.007909 ETH

My targets

0.012100 ETH (+13.32%)

My analysis

The bullish trend is currently very strong on DECENTRALAND (X10) - MANA/ETH. As long as the price remains above the support at 0.007909 ETH, you could try to benefit from the boom. The first bullish objective is located at 0.012100 ETH. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DECENTRALAND (X10) - MANA/ETH rating 0.010678 ETH. Over 5 days, this instrument gained +10.99% and has been traded over the last 5 days between 0.009119 ETH and 0.010281 ETH. This implies that the 5 day price is +17.10% from its lowest point and +3.86% from its highest point.

0.009119

0.010281

0.010678

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DECENTRALAND (X10) - MANA/ETH:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of DECENTRALAND (X10) - MANA/ETH indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

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.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.002796	0.006755	0.007909	0.010678	0.012100
Change (%)	-73.82%	-36.74%	-25.93%	-	+13.32%
Change	-0.007882	-0.003923	-0.002769	-	+0.001422
Level	Major	Major	Intermediate	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008750	0.009374	0.010080	0.010704	0.011410	0.012034	0.012740
Camarilla	0.010419	0.010541	0.010663	0.010785	0.010907	0.011029	0.011151
Woodie	0.008790	0.009395	0.010120	0.010725	0.011450	0.012055	0.012780
Fibonacci	0.009374	0.009882	0.010196	0.010704	0.011212	0.011526	0.012034

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007588	0.008353	0.009177	0.009942	0.010766	0.011531	0.012355
Camarilla	0.009563	0.009709	0.009854	0.010000	0.010146	0.010291	0.010437
Woodie	0.007617	0.008368	0.009206	0.009957	0.010795	0.011546	0.012384
Fibonacci	0.008353	0.008960	0.009335	0.009942	0.010549	0.010924	0.011531

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005186	0.006304	0.008404	0.009522	0.011622	0.012740	0.014840
Camarilla	0.009618	0.009913	0.010208	0.010503	0.010798	0.011093	0.011388
Woodie	0.005676	0.006550	0.008894	0.009768	0.012112	0.012986	0.015330
Fibonacci	0.006304	0.007534	0.008293	0.009522	0.010752	0.011511	0.012740

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):	66.09
MACD (12,26,9):	0.0017
Directional Movement:	19.865743
AROON (14):	14.285714
DEMA (21):	0.009996
Parabolic SAR (0,02-0,02-0,2):	0.006398
Elder Ray (13):	0.001897
Super Trend (3,10):	0.004995
Zig ZAG (10):	0.010706
VORTEX (21):	1.1639
Stochastique (14,3,5):	63.52
TEMA (21):	0.010816
Williams %R (14):	-31.72
Chande Momentum Oscillator (20):	0.002374
Repulse (5,40,3):	18.1047
ROCnROLL:	1
TRIX (15,9):	4.7573
Courbe Coppock:	341.76

MA7:	0.010014
MA20:	0.009326
MA50:	0.009097
MA100:	0.008723
MAexp7:	0.009632
MAexp20:	0.007875
MAexp50:	0.005666
MAexp100:	0.004265
Price / MA7:	+6.63%
Price / MA20:	+14.50%
Price / MA50:	+17.38%
Price / MA100:	+22.41%
Price / MAexp7:	+10.86%
Price / MAexp20:	+35.59%
Price / MAexp50:	+88.46%
Price / MAexp100:	+150.36%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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