DECENTRALAND - MANA/USD
DECENTRALAND - MANA/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: MANAUSD
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DECENTRALAND - MANA/USD - 1H - Technical analysis published on 11/04/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 0.389519 USD
My targets
0.402677 USD (+0.72%)
0.419707 USD (+4.98%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on DECENTRALAND - MANA/USD as long as the price remains well above 0.389519 USD. The buyers' bullish objective is set at 0.402677 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.419707 USD. If there is any crossing, the next objective would be the resistance located at 0.450498 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
3.2

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DECENTRALAND - MANA/USD price is 0.399796 USD. The price registered a decrease of -0.07% on the session and was between 0.394100 USD and 0.402610 USD. This implies that the price is at +1.45% from its lowest and at -0.70% from its highest.

0.394100
0.402610
0.399796

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of DECENTRALAND - MANA/USD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.350114 0.362554 0.389519 0.399796 0.402677 0.419707 0.450498
Change (%) -12.43% -9.32% -2.57% - +0.72% +4.98% +12.68%
Change -0.049682 -0.037242 -0.010277 - +0.002881 +0.019911 +0.050702
Level Intermediate Intermediate Intermediate - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3724270.3792940.3896830.3965500.4069390.4138060.424195
Camarilla0.3953280.3969090.3984910.4000730.4016550.4032370.404818
Woodie0.3741890.3801750.3914450.3974310.4087010.4146870.425957
Fibonacci0.3792940.3858860.3899580.3965500.4031420.4072140.413806


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2363400.2653040.3084010.3373650.3804620.4094260.452523
Camarilla0.3316800.3382860.3448910.3514970.3581030.3647080.371314
Woodie0.2434060.2688370.3154670.3408980.3875280.4129590.459589
Fibonacci0.2653040.2928320.3098380.3373650.3648930.3818990.409426


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1746390.2228690.2932010.3414310.4117630.4599930.530325
Camarilla0.3309290.3417970.3526650.3635330.3744010.3852690.396138
Woodie0.1856900.2283950.3042520.3469570.4228140.4655190.541376
Fibonacci0.2228690.2681600.2961400.3414310.3867220.4147020.459993

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): 45.63
MACD (12,26,9): 0.0001
Directional Movement: -11.106257
AROON (14): -64.285714
DEMA (21): 0.398385
Parabolic SAR (0,02-0,02-0,2): 0.402427
Elder Ray (13): -0.001844
Super Trend (3,10): 0.389059
Zig ZAG (10): 0.396092
VORTEX (21): 1.1229
Stochastique (14,3,5): 23.03
TEMA (21): 0.397117
Williams %R (14): -76.62
Chande Momentum Oscillator (20): -0.003652
Repulse (5,40,3): -0.1187
ROCnROLL: -1
TRIX (15,9): 0.0182
Courbe Coppock: 0.45
MA7: 0.385959
MA20: 0.339238
MA50: 0.312857
MA100: 0.319255
MAexp7: 0.397515
MAexp20: 0.398010
MAexp50: 0.395248
MAexp100: 0.387958
Price / MA7: +3.59%
Price / MA20: +17.85%
Price / MA50: +27.79%
Price / MA100: +25.23%
Price / MAexp7: +0.57%
Price / MAexp20: +0.45%
Price / MAexp50: +1.15%
Price / MAexp100: +3.05%

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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