DECENTRALAND - MANA/USD
DECENTRALAND - MANA/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High: -
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Type: Cryptocurrencies
Ticker: MANAUSD
ISIN:

DECENTRALAND - MANA/USD - 1H - Technical analysis published on 08/08/2023 (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: 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:
15 min. Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DECENTRALAND - MANA/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.3259690.3418990.3541300.3700600.3822910.3982210.410452
Camarilla0.3586180.3611990.3637810.3663620.3689430.3715250.374106
Woodie0.3241210.3409740.3522820.3691350.3804430.3972960.408604
Fibonacci0.3418990.3526560.3593020.3700600.3808170.3874630.398221


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3131670.3363130.3527720.3759180.3923770.4155230.431982
Camarilla0.3583410.3619710.3656020.3692320.3728630.3764930.380123
Woodie0.3098250.3346410.3494300.3742460.3890350.4138510.428640
Fibonacci0.3363130.3514420.3607890.3759180.3910470.4003940.415523


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2742550.3219460.3521010.3997920.4299470.4776380.507793
Camarilla0.3608480.3679840.3751200.3822560.3893920.3965280.403664
Woodie0.2654870.3175620.3433330.3954080.4211790.4732540.499025
Fibonacci0.3219460.3516830.3700550.3997920.4295290.4479010.477638

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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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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