DECENTRALAND - MANA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MANAUSD
ISIN:

DECENTRALAND - MANA/USD - Weekly - Technical analysis published on 11/14/2023 (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%

28%

My opinion

Bearish under 0.530325 USD

My targets

0.310655 USD (-27.36%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DECENTRALAND - MANA/USD. As long as you are under the resistance located at 0.530325 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.310655 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 0.530325 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

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

DECENTRALAND - MANA/USD rating 0.427662 USD. The price is up +0.15% over 5 days and was traded between 0.401790 USD and 0.505880 USD over the period. The price is currently at +6.44% from its lowest point and -15.46% from its highest point.

0.401790

0.505880

0.427662

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of DECENTRALAND - MANA/USD in Weekly shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Weekly

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.310655	0.427662	1.081417	2.042230	3.474100
Change (%)	-27.36%	-	+152.87%	+377.53%	+712.35%
Change	-0.117007	-	+0.653755	+1.614568	+3.046438
Level	Intermediate	-	Minor	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.383277	0.412673	0.428839	0.458235	0.474401	0.503797	0.519963
Camarilla	0.432475	0.436651	0.440828	0.445004	0.449181	0.453357	0.457534
Woodie	0.376661	0.409366	0.422223	0.454928	0.467785	0.500490	0.513347
Fibonacci	0.412673	0.430078	0.440831	0.458235	0.475640	0.486393	0.503797

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.271807	0.325760	0.397975	0.451928	0.524143	0.578096	0.650311
Camarilla	0.435495	0.447060	0.458626	0.470191	0.481756	0.493322	0.504887
Woodie	0.280939	0.330326	0.407107	0.456494	0.533275	0.582662	0.659443
Fibonacci	0.325760	0.373956	0.403732	0.451928	0.500124	0.529900	0.578096

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.41
MACD (12,26,9):	-0.0220
Directional Movement:	12.173619
AROON (14):	57.142857
DEMA (21):	0.331928
Parabolic SAR (0,02-0,02-0,2):	0.287960
Elder Ray (13):	0.075525
Super Trend (3,10):	0.261828
Zig ZAG (10):	0.426277
VORTEX (21):	1.0688
Stochastique (14,3,5):	80.28
TEMA (21):	0.378700
Williams %R (14):	-33.42
Chande Momentum Oscillator (20):	0.125693
Repulse (5,40,3):	11.6177
ROCnROLL:	-1
TRIX (15,9):	-1.6118
Courbe Coppock:	12.29

MA7:	0.441014
MA20:	0.404360
MA50:	0.340626
MA100:	0.324845
MAexp7:	0.387600
MAexp20:	0.375796
MAexp50:	0.505757
MAexp100:	0.690344
Price / MA7:	-3.03%
Price / MA20:	+5.76%
Price / MA50:	+25.55%
Price / MA100:	+31.65%
Price / MAexp7:	+10.34%
Price / MAexp20:	+13.80%
Price / MAexp50:	-15.44%
Price / MAexp100:	-38.05%

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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