DECENTRALAND - MANA/USDT - 1H - Technical analysis published on 02/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 3.10 USDT
My targets
3.36 USDT (+0.39%)
3.54 USDT (+5.67%)
My analysis
The bullish trend is currently very strong on DECENTRALAND - MANA/USDT. As long as the price remains above the support at 3.10 USDT, you could try to benefit from the boom. The first bullish objective is located at 3.36 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.54 USDT as an objective. Crossing it would then enable buyers to target 3.86 USDT. 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
0
10
8
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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 - MANA/USDT rating is 3.35 USDT. The price has increased by +2.76% since the last closing and was between 3.26 USDT and 3.37 USDT. This implies that the price is at +2.76% from its lowest and at -0.59% from its highest.3.26
3.37
3.35
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 this 1H chart of DECENTRALAND - MANA/USDT indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.72 | 2.89 | 3.10 | 3.35 | 3.36 | 3.54 | 3.86 |
| Change (%) | -18.81% | -13.73% | -7.46% | - | +0.30% | +5.67% | +15.22% |
| Change | -0.63 | -0.46 | -0.25 | - | +0.01 | +0.19 | +0.51 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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): | 60.29 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 13.49 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.19 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 3.18 | |
| Zig ZAG (10): | 3.34 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 77.55 | |
| TEMA (21): | 3.30 | |
| Williams %R (14): | -16.83 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 1.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 1.08 |
| MA7: | 3.06 | |
| MA20: | 2.97 | |
| MA50: | 2.87 | |
| MA100: | 3.30 | |
| MAexp7: | 3.30 | |
| MAexp20: | 3.27 | |
| MAexp50: | 3.18 | |
| MAexp100: | 3.11 | |
| Price / MA7: | +9.48% | |
| Price / MA20: | +12.79% | |
| Price / MA50: | +16.72% | |
| Price / MA100: | +1.52% | |
| Price / MAexp7: | +1.52% | |
| Price / MAexp20: | +2.45% | |
| Price / MAexp50: | +5.35% | |
| Price / MAexp100: | +7.72% |
Quotes :
-
Real time data
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