DECENTRALAND - MANA/USD - 1H - Technical analysis published on 07/25/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.393100 USD
My targets
0.384262 USD (-0.63%)
0.372273 USD (-3.73%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.393100 USD remains possible. It is advisable to trade DECENTRALAND - MANA/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.393100 USD. The next bearish objective for sellers is set at 0.384262 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.372273 USD. In case of crossing, the next objective would be the support located at 0.305797 USD. PS: if there is a bullish break in the resistance located at 0.393100 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0.7
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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 0.386696 USD. The price registered a decrease of -0.07% on the session and was traded between 0.380124 USD and 0.388156 USD over the period. The price is currently at +1.73% from its lowest and -0.38% from its highest.0.380124
0.388156
0.386696
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DECENTRALAND - MANA/USD:
Technical
Technical analysis of this 1H chart of DECENTRALAND - MANA/USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.305797 | 0.372273 | 0.384262 | 0.386696 | 0.393100 | 0.404003 | 0.413334 |
| Change (%) | -20.92% | -3.73% | -0.63% | - | +1.66% | +4.48% | +6.89% |
| Change | -0.080899 | -0.014423 | -0.002434 | - | +0.006404 | +0.017307 | +0.026638 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 0.350711 | 0.366545 | 0.376757 | 0.392591 | 0.402803 | 0.418637 | 0.428849 |
| Camarilla | 0.379806 | 0.382194 | 0.384582 | 0.386969 | 0.389357 | 0.391744 | 0.394132 |
| Woodie | 0.347900 | 0.365140 | 0.373946 | 0.391186 | 0.399992 | 0.417232 | 0.426038 |
| Fibonacci | 0.366545 | 0.376495 | 0.382641 | 0.392591 | 0.402541 | 0.408687 | 0.418637 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.350910 | 0.371998 | 0.384532 | 0.405620 | 0.418154 | 0.439242 | 0.451776 |
| Camarilla | 0.387821 | 0.390903 | 0.393985 | 0.397067 | 0.400149 | 0.403231 | 0.406313 |
| Woodie | 0.346634 | 0.369860 | 0.380256 | 0.403482 | 0.413878 | 0.437104 | 0.447500 |
| Fibonacci | 0.371998 | 0.384841 | 0.392776 | 0.405620 | 0.418463 | 0.426398 | 0.439242 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.156283 | 0.235982 | 0.310390 | 0.390089 | 0.464497 | 0.544196 | 0.618604 |
| Camarilla | 0.342420 | 0.356546 | 0.370673 | 0.384799 | 0.398926 | 0.413052 | 0.427178 |
| Woodie | 0.153639 | 0.234659 | 0.307746 | 0.388766 | 0.461853 | 0.542873 | 0.615960 |
| Fibonacci | 0.235982 | 0.294851 | 0.331220 | 0.390089 | 0.448958 | 0.485327 | 0.544196 |
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): | 51.36 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -3.788606 | |
| AROON (14): | 35.714285 | |
| DEMA (21): | 0.384072 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.382912 | |
| Elder Ray (13): | 0.001241 | |
| Super Trend (3,10): | 0.389192 | |
| Zig ZAG (10): | 0.386747 | |
| VORTEX (21): | 1.0402 | |
| Stochastique (14,3,5): | 77.59 | |
| TEMA (21): | 0.385795 | |
| Williams %R (14): | -16.40 | |
| Chande Momentum Oscillator (20): | 0.002961 | |
| Repulse (5,40,3): | 0.1659 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0563 | |
| Courbe Coppock: | 0.81 |
| MA7: | 0.396875 | |
| MA20: | 0.398392 | |
| MA50: | 0.384612 | |
| MA100: | 0.448553 | |
| MAexp7: | 0.385830 | |
| MAexp20: | 0.385535 | |
| MAexp50: | 0.389103 | |
| MAexp100: | 0.393862 | |
| Price / MA7: | -2.56% | |
| Price / MA20: | -2.94% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | -13.79% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -1.82% |
Quotes :
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Real time data
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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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