DECENTRALAND - MANA/USD - 1H - Technical analysis published on 06/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.473656 USD
My targets
0.457007 USD (-1.36%)
0.451463 USD (-2.55%)
My analysis
With a strongly bearish trend, the price of DECENTRALAND - MANA/USD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.473656 USD remains possible. It would be possible for traders to only trade short positions (for sale) on DECENTRALAND - MANA/USD as long as the price remains well below 0.473656 USD. The next bearish objective for sellers is set at 0.457007 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.451463 USD. In case of crossing, the next objective would be the support located at 0.441886 USD.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.2
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
The DECENTRALAND - MANA/USD rating is 0.463299 USD. The price registered a decrease of -0.02% on the session and was between 0.457050 USD and 0.466589 USD. This implies that the price is at +1.37% from its lowest and at -0.71% from its highest.0.457050
0.466589
0.463299
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DECENTRALAND - MANA/USD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.441886 | 0.451463 | 0.457007 | 0.463299 | 0.464118 | 0.473656 | 0.485599 |
| Change (%) | -4.62% | -2.55% | -1.36% | - | +0.18% | +2.24% | +4.81% |
| Change | -0.021413 | -0.011836 | -0.006292 | - | +0.000819 | +0.010357 | +0.022300 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
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 | 0.422537 | 0.439679 | 0.451525 | 0.468667 | 0.480513 | 0.497655 | 0.509501 |
| Camarilla | 0.455399 | 0.458057 | 0.460714 | 0.463371 | 0.466028 | 0.468686 | 0.471343 |
| Woodie | 0.419889 | 0.438355 | 0.448877 | 0.467343 | 0.477865 | 0.496331 | 0.506853 |
| Fibonacci | 0.439679 | 0.450752 | 0.457594 | 0.468667 | 0.479740 | 0.486582 | 0.497655 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.391326 | 0.416606 | 0.445287 | 0.470567 | 0.499248 | 0.524528 | 0.553209 |
| Camarilla | 0.459129 | 0.464075 | 0.469022 | 0.473968 | 0.478914 | 0.483861 | 0.488807 |
| Woodie | 0.393027 | 0.417456 | 0.446988 | 0.471417 | 0.500949 | 0.525378 | 0.554910 |
| Fibonacci | 0.416606 | 0.437219 | 0.449954 | 0.470567 | 0.491180 | 0.503915 | 0.524528 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.298675 | 0.366997 | 0.415184 | 0.483506 | 0.531693 | 0.600015 | 0.648202 |
| Camarilla | 0.431331 | 0.442011 | 0.452691 | 0.463371 | 0.474051 | 0.484731 | 0.495411 |
| Woodie | 0.288608 | 0.361963 | 0.405117 | 0.478472 | 0.521626 | 0.594981 | 0.638135 |
| Fibonacci | 0.366997 | 0.411503 | 0.439000 | 0.483506 | 0.528012 | 0.555509 | 0.600015 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.17 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -11.276723 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.460423 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.465678 | |
| Elder Ray (13): | -0.000398 | |
| Super Trend (3,10): | 0.469125 | |
| Zig ZAG (10): | 0.463065 | |
| VORTEX (21): | 0.9979 | |
| Stochastique (14,3,5): | 64.14 | |
| TEMA (21): | 0.461267 | |
| Williams %R (14): | -37.06 | |
| Chande Momentum Oscillator (20): | 0.000501 | |
| Repulse (5,40,3): | 0.3730 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0933 | |
| Courbe Coppock: | 0.47 |
| MA7: | 0.473221 | |
| MA20: | 0.475915 | |
| MA50: | 0.524417 | |
| MA100: | 0.563459 | |
| MAexp7: | 0.462710 | |
| MAexp20: | 0.463775 | |
| MAexp50: | 0.468500 | |
| MAexp100: | 0.471539 | |
| Price / MA7: | -2.10% | |
| Price / MA20: | -2.65% | |
| Price / MA50: | -11.65% | |
| Price / MA100: | -17.78% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -1.11% | |
| Price / MAexp100: | -1.75% |
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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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…
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