DECENTRALAND - MANA/USD - 1H - Technical analysis published on 05/12/2023 (GMT)
- 115
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.457799 USD
My targets
0.443823 USD (-1.60%)
0.420368 USD (-6.80%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DECENTRALAND - MANA/USD. As long as you are under the resistance located at 0.457799 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.443823 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.420368 USD as an objective. Crossing it would then enable sellers to target 0.368779 USD. If the resistance 0.457799 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DECENTRALAND - MANA/USD rating 0.451019 USD. The price registered a decrease of -0.01% on the session with the lowest point at 0.435319 USD and the highest point at 0.451817 USD. The deviation from the price is +3.61% for the low point and -0.18% for the high point.0.435319
0.451817
0.451019
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DECENTRALAND - MANA/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.368779 | 0.420368 | 0.443823 | 0.451019 | 0.457799 | 0.479163 | 0.509495 |
| Change (%) | -18.23% | -6.80% | -1.60% | - | +1.50% | +6.24% | +12.97% |
| Change | -0.082240 | -0.030651 | -0.007196 | - | +0.006780 | +0.028144 | +0.058476 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.392414 | 0.418118 | 0.434588 | 0.460292 | 0.476762 | 0.502466 | 0.518936 |
| Camarilla | 0.439459 | 0.443325 | 0.447191 | 0.451057 | 0.454923 | 0.458789 | 0.462655 |
| Woodie | 0.387796 | 0.415810 | 0.429970 | 0.457984 | 0.472144 | 0.500158 | 0.514318 |
| Fibonacci | 0.418118 | 0.434229 | 0.444182 | 0.460292 | 0.476403 | 0.486356 | 0.502466 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.82 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -12.566598 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.443227 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.435319 | |
| Elder Ray (13): | 0.001915 | |
| Super Trend (3,10): | 0.458696 | |
| Zig ZAG (10): | 0.448357 | |
| VORTEX (21): | 0.9562 | |
| Stochastique (14,3,5): | 62.37 | |
| TEMA (21): | 0.444841 | |
| Williams %R (14): | -19.35 | |
| Chande Momentum Oscillator (20): | 0.003106 | |
| Repulse (5,40,3): | 1.7561 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1048 | |
| Courbe Coppock: | 0.51 |
| MA7: | 0.479274 | |
| MA20: | 0.522093 | |
| MA50: | 0.571794 | |
| MA100: | 0.612468 | |
| MAexp7: | 0.445810 | |
| MAexp20: | 0.447019 | |
| MAexp50: | 0.453677 | |
| MAexp100: | 0.464714 | |
| Price / MA7: | -5.90% | |
| Price / MA20: | -13.61% | |
| Price / MA50: | -21.12% | |
| Price / MA100: | -26.36% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -2.95% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DECENTRALAND - MANA/USD - 1H