DECENTRALAND - MANA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	MANAUSD
ISIN:

DECENTRALAND - MANA/USD - Weekly - Technical analysis published on 10/30/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 0.393546 USD

My targets

0.291355 USD (-23.46%)

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 0.393546 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 0.393546 USD. The next bearish objective for sellers is set at 0.291355 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.393546 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

0.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DECENTRALAND - MANA/USD rating is 0.380653 USD. The price registered an increase of +8.46% over 5 days with the lowest point at 0.334536 USD and the highest point at 0.389661 USD. The deviation from the price is +13.79% for the low point and -2.31% for the high point.

0.334536

0.389661

0.380653

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Weekly of this DECENTRALAND - MANA/USD chart shows a bearish trend. 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 is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly

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

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.291355	0.380653	1.081417	2.042230	3.474100
Change (%)	-23.46%	-	+184.10%	+436.51%	+812.67%
Change	-0.089298	-	+0.700764	+1.661577	+3.093447
Level	Major	-	Minor	Minor	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	0.306594	0.325192	0.352324	0.370922	0.398054	0.416652	0.443784
Camarilla	0.366880	0.371072	0.375264	0.379456	0.383648	0.387840	0.392032
Woodie	0.310861	0.327326	0.356591	0.373056	0.402321	0.418786	0.448051
Fibonacci	0.325192	0.342661	0.353453	0.370922	0.388391	0.399183	0.416652

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.236340	0.265304	0.308401	0.337365	0.380462	0.409426	0.452523
Camarilla	0.331680	0.338286	0.344891	0.351497	0.358103	0.364708	0.371314
Woodie	0.243406	0.268837	0.315467	0.340898	0.387528	0.412959	0.459589
Fibonacci	0.265304	0.292832	0.309838	0.337365	0.364893	0.381899	0.409426

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.215139	0.240285	0.274608	0.299754	0.334077	0.359223	0.393546
Camarilla	0.292577	0.298028	0.303480	0.308931	0.314382	0.319834	0.325285
Woodie	0.219728	0.242579	0.279197	0.302048	0.338666	0.361517	0.398135
Fibonacci	0.240285	0.263002	0.277037	0.299754	0.322471	0.336506	0.359223

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):	49.67
MACD (12,26,9):	-0.0465
Directional Movement:	1.473514
AROON (14):	-50.000000
DEMA (21):	0.284649
Parabolic SAR (0,02-0,02-0,2):	0.265431
Elder Ray (13):	0.031993
Super Trend (3,10):	0.429302
Zig ZAG (10):	0.381339
VORTEX (21):	1.0302
Stochastique (14,3,5):	58.02
TEMA (21):	0.312382
Williams %R (14):	-11.30
Chande Momentum Oscillator (20):	0.015351
Repulse (5,40,3):	23.7117
ROCnROLL:	-1
TRIX (15,9):	-1.9568
Courbe Coppock:	29.53

MA7:	0.357481
MA20:	0.312520
MA50:	0.302133
MA100:	0.319375
MAexp7:	0.331843
MAexp20:	0.355487
MAexp50:	0.508657
MAexp100:	0.699288
Price / MA7:	+6.48%
Price / MA20:	+21.80%
Price / MA50:	+25.99%
Price / MA100:	+19.19%
Price / MAexp7:	+14.71%
Price / MAexp20:	+7.08%
Price / MAexp50:	-25.17%
Price / MAexp100:	-45.57%

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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