DECENTRALAND - MANA/USD - 1H - Technical analysis published on 08/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.372273 USD
My targets
0.361397 USD (-1.30%)
0.336313 USD (-8.15%)
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 0.372273 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 0.372273 USD. The next bearish objective for sellers is set at 0.361397 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.336313 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 0.372273 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
0.9
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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 0.366172 USD. The price is lower by -0.05% since the last closing and was between 0.361774 USD and 0.367155 USD. This implies that the price is at +1.22% from its lowest and at -0.27% from its highest.0.361774
0.367155
0.366172
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
Here is a more detailed summary of the historical variations registered by DECENTRALAND - MANA/USD:
Near a 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. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.305797 | 0.361397 | 0.365789 | 0.366172 | 0.372273 | 0.380997 | 0.386992 |
| Change (%) | -16.49% | -1.30% | -0.10% | - | +1.67% | +4.05% | +5.69% |
| Change | -0.060375 | -0.004775 | -0.000383 | - | +0.006101 | +0.014825 | +0.020820 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.325969 | 0.341899 | 0.354130 | 0.370060 | 0.382291 | 0.398221 | 0.410452 |
| Camarilla | 0.358618 | 0.361199 | 0.363781 | 0.366362 | 0.368943 | 0.371525 | 0.374106 |
| Woodie | 0.324121 | 0.340974 | 0.352282 | 0.369135 | 0.380443 | 0.397296 | 0.408604 |
| Fibonacci | 0.341899 | 0.352656 | 0.359302 | 0.370060 | 0.380817 | 0.387463 | 0.398221 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.313167 | 0.336313 | 0.352772 | 0.375918 | 0.392377 | 0.415523 | 0.431982 |
| Camarilla | 0.358341 | 0.361971 | 0.365602 | 0.369232 | 0.372863 | 0.376493 | 0.380123 |
| Woodie | 0.309825 | 0.334641 | 0.349430 | 0.374246 | 0.389035 | 0.413851 | 0.428640 |
| Fibonacci | 0.336313 | 0.351442 | 0.360789 | 0.375918 | 0.391047 | 0.400394 | 0.415523 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.274255 | 0.321946 | 0.352101 | 0.399792 | 0.429947 | 0.477638 | 0.507793 |
| Camarilla | 0.360848 | 0.367984 | 0.375120 | 0.382256 | 0.389392 | 0.396528 | 0.403664 |
| Woodie | 0.265487 | 0.317562 | 0.343333 | 0.395408 | 0.421179 | 0.473254 | 0.499025 |
| Fibonacci | 0.321946 | 0.351683 | 0.370055 | 0.399792 | 0.429529 | 0.447901 | 0.477638 |
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): | 47.49 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | 1.816502 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.363608 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.360126 | |
| Elder Ray (13): | 0.000701 | |
| Super Trend (3,10): | 0.371981 | |
| Zig ZAG (10): | 0.365507 | |
| VORTEX (21): | 0.9968 | |
| Stochastique (14,3,5): | 54.57 | |
| TEMA (21): | 0.363484 | |
| Williams %R (14): | -31.85 | |
| Chande Momentum Oscillator (20): | -0.000715 | |
| Repulse (5,40,3): | 0.2053 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0776 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.368450 | |
| MA20: | 0.383351 | |
| MA50: | 0.388521 | |
| MA100: | 0.420117 | |
| MAexp7: | 0.364799 | |
| MAexp20: | 0.365649 | |
| MAexp50: | 0.367812 | |
| MAexp100: | 0.369403 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -4.48% | |
| Price / MA50: | -5.75% | |
| Price / MA100: | -12.84% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.87% |
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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