DECENTRALAND - MANA/USD - 1H - Technical analysis published on 09/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 0.279025 USD
My targets
0.265431 USD (-1.24%)
0.246855 USD (-8.15%)
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 0.279025 USD. The next support located at 0.265431 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 0.246855 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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Additional analysis
Quotes
DECENTRALAND - MANA/USD rating 0.268762 USD. The price has increased by +0.00% since the last closing and was between 0.268247 USD and 0.271427 USD. This implies that the price is at +0.19% from its lowest and at -0.98% from its highest.0.268247
0.271427
0.268762
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.074569 | 0.265431 | 0.268673 | 0.268762 | 0.279025 | 0.289095 | 0.292289 |
| Change (%) | -72.25% | -1.24% | -0.03% | - | +3.82% | +7.57% | +8.75% |
| Change | -0.194193 | -0.003331 | -0.000089 | - | +0.010263 | +0.020333 | +0.023527 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Minor |
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 | 0.244118 | 0.254775 | 0.261771 | 0.272428 | 0.279424 | 0.290081 | 0.297077 |
| Camarilla | 0.263913 | 0.265532 | 0.267150 | 0.268768 | 0.270386 | 0.272004 | 0.273623 |
| Woodie | 0.242289 | 0.253860 | 0.259942 | 0.271513 | 0.277595 | 0.289166 | 0.295248 |
| Fibonacci | 0.254775 | 0.261518 | 0.265684 | 0.272428 | 0.279171 | 0.283337 | 0.290081 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.273021 | 0.280139 | 0.287054 | 0.294172 | 0.301087 | 0.308205 | 0.315120 |
| Camarilla | 0.290110 | 0.291396 | 0.292683 | 0.293969 | 0.295255 | 0.296542 | 0.297828 |
| Woodie | 0.272920 | 0.280088 | 0.286953 | 0.294121 | 0.300986 | 0.308154 | 0.315019 |
| Fibonacci | 0.280139 | 0.285500 | 0.288811 | 0.294172 | 0.299533 | 0.302844 | 0.308205 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.22 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | -16.515772 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.267613 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.271685 | |
| Elder Ray (13): | -0.000665 | |
| Super Trend (3,10): | 0.275329 | |
| Zig ZAG (10): | 0.268809 | |
| VORTEX (21): | 0.7934 | |
| Stochastique (14,3,5): | 43.71 | |
| TEMA (21): | 0.267568 | |
| Williams %R (14): | -61.02 | |
| Chande Momentum Oscillator (20): | -0.002698 | |
| Repulse (5,40,3): | -0.1342 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1773 | |
| Courbe Coppock: | 3.87 |
| MA7: | 0.285735 | |
| MA20: | 0.294202 | |
| MA50: | 0.331522 | |
| MA100: | 0.358784 | |
| MAexp7: | 0.269400 | |
| MAexp20: | 0.271846 | |
| MAexp50: | 0.277714 | |
| MAexp100: | 0.283193 | |
| Price / MA7: | -5.94% | |
| Price / MA20: | -8.65% | |
| Price / MA50: | -18.93% | |
| Price / MA100: | -25.09% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | -3.22% | |
| Price / MAexp100: | -5.10% |
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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