DECENTRALAND - MANA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MANAUSDT
ISIN:

DECENTRALAND - MANA/USDT - Daily - Technical analysis published on 02/17/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 3.10 USDT

My targets

3.59 USDT (+7.16%)

3.86 USDT (+15.22%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DECENTRALAND - MANA/USDT as long as the price remains well above 3.10 USDT. The buyers' bullish objective is set at 3.59 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.86 USDT. If there is any crossing, the next objective would be the resistance located at 4.29 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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

The DECENTRALAND - MANA/USDT price is 3.35 USDT. On the day, this instrument gained +2.76% and was traded between 3.26 USDT and 3.37 USDT over the period. The price is currently at +2.76% from its lowest and -0.59% from its highest.

3.26

3.37

3.35

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 - MANA/USDT:

Technical

Technical analysis of DECENTRALAND - MANA/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.03	2.50	3.10	3.35	3.86	4.29	5.19
Change (%)	-39.40%	-25.37%	-7.46%	-	+15.22%	+28.06%	+54.93%
Change	-1.32	-0.85	-0.25	-	+0.51	+0.94	+1.84
Level	Intermediate	Minor	Major	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.92	3.05	3.15	3.28	3.38	3.51	3.61
Camarilla	3.20	3.22	3.24	3.26	3.28	3.30	3.32
Woodie	2.92	3.04	3.15	3.27	3.38	3.50	3.61
Fibonacci	3.05	3.14	3.19	3.28	3.37	3.42	3.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.92	2.38	2.64	3.10	3.36	3.82	4.08
Camarilla	2.71	2.78	2.84	2.91	2.98	3.04	3.11
Woodie	1.83	2.33	2.55	3.05	3.27	3.77	3.99
Fibonacci	2.38	2.65	2.82	3.10	3.37	3.54	3.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.19	0.96	1.89	2.66	3.59	4.36	5.29
Camarilla	2.35	2.51	2.66	2.82	2.98	3.13	3.29
Woodie	0.27	1.00	1.97	2.70	3.67	4.40	5.37
Fibonacci	0.96	1.61	2.01	2.66	3.31	3.71	4.36

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):	60.10
MACD (12,26,9):	0.1200
Directional Movement:	8.15
AROON (14):	42.86
DEMA (21):	3.13
Parabolic SAR (0,02-0,02-0,2):	3.44
Elder Ray (13):	0.25
Super Trend (3,10):	2.58
Zig ZAG (10):	3.34
VORTEX (21):	1.2200
Stochastique (14,3,5):	77.30
TEMA (21):	3.29
Williams %R (14):	-22.16
Chande Momentum Oscillator (20):	0.32
Repulse (5,40,3):	7.8900
ROCnROLL:	1
TRIX (15,9):	0.4800
Courbe Coppock:	34.66

MA7:	3.06
MA20:	2.97
MA50:	2.87
MA100:	3.30
MAexp7:	3.16
MAexp20:	3.00
MAexp50:	2.95
MAexp100:	2.83
Price / MA7:	+9.48%
Price / MA20:	+12.79%
Price / MA50:	+16.72%
Price / MA100:	+1.52%
Price / MAexp7:	+6.01%
Price / MAexp20:	+11.67%
Price / MAexp50:	+13.56%
Price / MAexp100:	+18.37%

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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