DECENTRALAND - MANA/USD - Daily - Technical analysis published on 09/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.332832 USD
My targets
0.246855 USD (-15.77%)
0.199351 USD (-31.98%)
My analysis
DECENTRALAND - MANA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.332832 USD. The next support located at 0.246855 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.199351 USD. Below this support, sellers could then target 0.074569 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 0.293089 USD. The price is lower by -0.05% since the last closing and was between 0.291477 USD and 0.294848 USD. This implies that the price is at +0.55% from its lowest and at -0.60% from its highest.0.291477
0.294848
0.293089
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of DECENTRALAND - MANA/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 0.074569 | 0.293089 | 0.294901 | 0.332832 | 0.505855 |
Change (%) | -74.56% | - | +0.62% | +13.56% | +72.59% |
Change | -0.218520 | - | +0.001812 | +0.039743 | +0.212766 |
Level | Intermediate | - | Major | Minor | 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 | 0.277010 | 0.283479 | 0.288351 | 0.294820 | 0.299692 | 0.306161 | 0.311033 |
Camarilla | 0.290103 | 0.291143 | 0.292182 | 0.293222 | 0.294262 | 0.295301 | 0.296341 |
Woodie | 0.276211 | 0.283080 | 0.287552 | 0.294421 | 0.298893 | 0.305762 | 0.310234 |
Fibonacci | 0.283479 | 0.287812 | 0.290488 | 0.294820 | 0.299153 | 0.301829 | 0.306161 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.249153 | 0.267848 | 0.279964 | 0.298659 | 0.310775 | 0.329470 | 0.341586 |
Camarilla | 0.283606 | 0.286430 | 0.289255 | 0.292079 | 0.294903 | 0.297728 | 0.300552 |
Woodie | 0.245863 | 0.266203 | 0.276674 | 0.297014 | 0.307485 | 0.327825 | 0.338296 |
Fibonacci | 0.267848 | 0.279618 | 0.286890 | 0.298659 | 0.310429 | 0.317701 | 0.329470 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.129292 | 0.199351 | 0.246855 | 0.316914 | 0.364418 | 0.434477 | 0.481981 |
Camarilla | 0.262029 | 0.272806 | 0.283582 | 0.294359 | 0.305136 | 0.315912 | 0.326689 |
Woodie | 0.118015 | 0.193712 | 0.235578 | 0.311275 | 0.353141 | 0.428838 | 0.470704 |
Fibonacci | 0.199351 | 0.244260 | 0.272005 | 0.316914 | 0.361823 | 0.389568 | 0.434477 |
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): | 36.59 | |
MACD (12,26,9): | -0.0123 | |
Directional Movement: | -11.111404 | |
AROON (14): | -28.571429 | |
DEMA (21): | 0.285373 | |
Parabolic SAR (0,02-0,02-0,2): | 0.313292 | |
Elder Ray (13): | -0.004537 | |
Super Trend (3,10): | 0.325186 | |
Zig ZAG (10): | 0.294094 | |
VORTEX (21): | 0.9492 | |
Stochastique (14,3,5): | 28.40 | |
TEMA (21): | 0.288109 | |
Williams %R (14): | -74.60 | |
Chande Momentum Oscillator (20): | -0.006463 | |
Repulse (5,40,3): | 0.4767 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.6766 | |
Courbe Coppock: | 6.90 |
MA7: | 0.293829 | |
MA20: | 0.299067 | |
MA50: | 0.338940 | |
MA100: | 0.365343 | |
MAexp7: | 0.294970 | |
MAexp20: | 0.303564 | |
MAexp50: | 0.331595 | |
MAexp100: | 0.372481 | |
Price / MA7: | -0.25% | |
Price / MA20: | -2.00% | |
Price / MA50: | -13.53% | |
Price / MA100: | -19.78% | |
Price / MAexp7: | -0.64% | |
Price / MAexp20: | -3.45% | |
Price / MAexp50: | -11.61% | |
Price / MAexp100: | -21.31% |
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
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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