DECENTRALAND - MANA/USDT - 1H - Technical analysis published on 10/23/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.613600 USDT
My targets
0.632989 USDT (+1.64%)
0.646050 USDT (+3.73%)
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 0.613600 USDT. The buyers' bullish objective is set at 0.632989 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.646050 USDT. If there is any crossing, the next objective would be the resistance located at 0.655720 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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This analysis was given by Beba1123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DECENTRALAND - MANA/USDT rating is 0.622800 USDT. On the day, this instrument gained +1.82% and was traded between 0.601100 USDT and 0.624400 USDT over the period. The price is currently at +3.61% from its lowest and -0.26% from its highest.0.601100
0.624400
0.622800
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DECENTRALAND - MANA/USDT indicates that the overall trend is strongly bullish. 82.14% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.599400 | 0.613600 | 0.621500 | 0.622800 | 0.632989 | 0.646050 | 0.655720 |
| Change (%) | -3.76% | -1.48% | -0.21% | - | +1.64% | +3.73% | +5.29% |
| Change | -0.023400 | -0.009200 | -0.001300 | - | +0.010189 | +0.023250 | +0.032920 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | 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 | 0.593167 | 0.599033 | 0.605367 | 0.611233 | 0.617567 | 0.623433 | 0.629767 |
| Camarilla | 0.608345 | 0.609463 | 0.610582 | 0.611700 | 0.612818 | 0.613937 | 0.615055 |
| Woodie | 0.593400 | 0.599150 | 0.605600 | 0.611350 | 0.617800 | 0.623550 | 0.630000 |
| Fibonacci | 0.599033 | 0.603694 | 0.606573 | 0.611233 | 0.615894 | 0.618773 | 0.623433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.507333 | 0.545967 | 0.578833 | 0.617467 | 0.650333 | 0.688967 | 0.721833 |
| Camarilla | 0.592038 | 0.598592 | 0.605146 | 0.611700 | 0.618254 | 0.624808 | 0.631363 |
| Woodie | 0.504450 | 0.544525 | 0.575950 | 0.616025 | 0.647450 | 0.687525 | 0.718950 |
| Fibonacci | 0.545967 | 0.573280 | 0.590154 | 0.617467 | 0.644780 | 0.661654 | 0.688967 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.474800 | 0.572200 | 0.635300 | 0.732700 | 0.795800 | 0.893200 | 0.956300 |
| Camarilla | 0.654263 | 0.668975 | 0.683688 | 0.698400 | 0.713113 | 0.727825 | 0.742538 |
| Woodie | 0.457650 | 0.563625 | 0.618150 | 0.724125 | 0.778650 | 0.884625 | 0.939150 |
| Fibonacci | 0.572200 | 0.633511 | 0.671389 | 0.732700 | 0.794011 | 0.831889 | 0.893200 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.36 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 21.112694 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.613471 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.605291 | |
| Elder Ray (13): | 0.007472 | |
| Super Trend (3,10): | 0.608513 | |
| Zig ZAG (10): | 0.623400 | |
| VORTEX (21): | 1.1014 | |
| Stochastique (14,3,5): | 96.17 | |
| TEMA (21): | 0.615475 | |
| Williams %R (14): | -0.44 | |
| Chande Momentum Oscillator (20): | 0.016200 | |
| Repulse (5,40,3): | 2.0081 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0008 | |
| Courbe Coppock: | 1.88 |
| MA7: | 0.619714 | |
| MA20: | 0.651050 | |
| MA50: | 0.700858 | |
| MA100: | 0.813989 | |
| MAexp7: | 0.615643 | |
| MAexp20: | 0.611616 | |
| MAexp50: | 0.610588 | |
| MAexp100: | 0.612766 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | -4.34% | |
| Price / MA50: | -11.14% | |
| Price / MA100: | -23.49% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +1.83% | |
| Price / MAexp50: | +2.00% | |
| Price / MAexp100: | +1.64% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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