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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.372427 | 0.379294 | 0.389683 | 0.396550 | 0.406939 | 0.413806 | 0.424195 |
| Camarilla | 0.395328 | 0.396909 | 0.398491 | 0.400073 | 0.401655 | 0.403237 | 0.404818 |
| Woodie | 0.374189 | 0.380175 | 0.391445 | 0.397431 | 0.408701 | 0.414687 | 0.425957 |
| Fibonacci | 0.379294 | 0.385886 | 0.389958 | 0.396550 | 0.403142 | 0.407214 | 0.413806 |
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 | 0.174639 | 0.222869 | 0.293201 | 0.341431 | 0.411763 | 0.459993 | 0.530325 |
| Camarilla | 0.330929 | 0.341797 | 0.352665 | 0.363533 | 0.374401 | 0.385269 | 0.396138 |
| Woodie | 0.185690 | 0.228395 | 0.304252 | 0.346957 | 0.422814 | 0.465519 | 0.541376 |
| Fibonacci | 0.222869 | 0.268160 | 0.296140 | 0.341431 | 0.386722 | 0.414702 | 0.459993 |
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 :
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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
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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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