DECENTRALAND - MANA/USD - 1H - Technical analysis published on 05/07/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 0.521340 USD
My targets
0.499267 USD (-3.53%)
0.452408 USD (-12.59%)
My analysis
The bearish basic trend is very strong on DECENTRALAND - MANA/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.521340 USD. Crossing the first support at 0.499267 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.452408 USD as an objective. Crossing it would then enable sellers to target 0.420368 USD. Caution, a return to above the resistance located at 0.521340 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DECENTRALAND - MANA/USD rating 0.517558 USD. The price registered a decrease of -0.01% on the session with the lowest point at 0.509551 USD and the highest point at 0.519700 USD. The deviation from the price is +1.57% for the low point and -0.41% for the high point.0.509551
0.519700
0.517558
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DECENTRALAND - MANA/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.368779 | 0.420368 | 0.517520 | 0.517558 | 0.521340 | 0.526770 | 0.536446 |
| Change (%) | -28.75% | -18.78% | -0.01% | - | +0.73% | +1.78% | +3.65% |
| Change | -0.148779 | -0.097190 | -0.000038 | - | +0.003782 | +0.009212 | +0.018888 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
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 | 0.471108 | 0.490288 | 0.503942 | 0.523122 | 0.536776 | 0.555956 | 0.569610 |
| Camarilla | 0.508568 | 0.511577 | 0.514587 | 0.517597 | 0.520607 | 0.523617 | 0.526626 |
| Woodie | 0.468346 | 0.488907 | 0.501180 | 0.521741 | 0.534014 | 0.554575 | 0.566848 |
| Fibonacci | 0.490288 | 0.502830 | 0.510579 | 0.523122 | 0.535664 | 0.543413 | 0.555956 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.452408 | 0.480938 | 0.499267 | 0.527797 | 0.546126 | 0.574656 | 0.592985 |
| Camarilla | 0.504711 | 0.509006 | 0.513302 | 0.517597 | 0.521892 | 0.526188 | 0.530483 |
| Woodie | 0.447309 | 0.478388 | 0.494168 | 0.525247 | 0.541027 | 0.572106 | 0.587886 |
| Fibonacci | 0.480938 | 0.498838 | 0.509897 | 0.527797 | 0.545697 | 0.556756 | 0.574656 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.295365 | 0.406724 | 0.475233 | 0.586592 | 0.655101 | 0.766460 | 0.834969 |
| Camarilla | 0.494279 | 0.510767 | 0.527255 | 0.543743 | 0.560231 | 0.576719 | 0.593207 |
| Woodie | 0.273941 | 0.396012 | 0.453809 | 0.575880 | 0.633677 | 0.755748 | 0.813545 |
| Fibonacci | 0.406724 | 0.475433 | 0.517882 | 0.586592 | 0.655301 | 0.697750 | 0.766460 |
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): | 42.07 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -12.309308 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.513016 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.518547 | |
| Elder Ray (13): | -0.000259 | |
| Super Trend (3,10): | 0.525638 | |
| Zig ZAG (10): | 0.516915 | |
| VORTEX (21): | 0.8962 | |
| Stochastique (14,3,5): | 53.77 | |
| TEMA (21): | 0.513159 | |
| Williams %R (14): | -37.06 | |
| Chande Momentum Oscillator (20): | -0.000030 | |
| Repulse (5,40,3): | 0.8014 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1134 | |
| Courbe Coppock: | 0.95 |
| MA7: | 0.528570 | |
| MA20: | 0.557015 | |
| MA50: | 0.586345 | |
| MA100: | 0.627301 | |
| MAexp7: | 0.514736 | |
| MAexp20: | 0.517585 | |
| MAexp50: | 0.523420 | |
| MAexp100: | 0.527911 | |
| Price / MA7: | -2.08% | |
| Price / MA20: | -7.08% | |
| Price / MA50: | -11.73% | |
| Price / MA100: | -17.49% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -1.12% | |
| Price / MAexp100: | -1.96% |
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.
About author
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