DECENTRALAND - MANA/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MANAUSD
ISIN:

DECENTRALAND - MANA/USD - Weekly - Technical analysis published on 01/12/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 0.610161 USD

My targets

0.427731 USD (-12.01%)

0.287196 USD (-40.92%)

My analysis

The basic trend is bearish on DECENTRALAND - MANA/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.610161 USD. Buyers would then use the next resistance located at 0.792591 USD as an objective. Crossing it would then enable buyers to target 1.081417 USD. If there is a return to below the support located at 0.427731 USD, this would be a sign of a reversal in the basic bearish trend.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

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 0.486139 USD. Over 5 days, this instrument gained +7.47% and was traded between 0.394300 USD and 0.495787 USD over the period. The price is currently at +23.29% from its lowest point and -1.95% from its highest point.

0.394300

0.495787

0.486139

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of DECENTRALAND - MANA/USD in Weekly shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Weekly

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.287196	0.486139	1.081417	2.042230	3.474100
Change (%)	-40.92%	-	+122.45%	+320.09%	+614.63%
Change	-0.198943	-	+0.595278	+1.556091	+2.987961
Level	Major	-	Minor	Minor	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	0.436827	0.449746	0.467614	0.480533	0.498401	0.511320	0.529188
Camarilla	0.477016	0.479838	0.482660	0.485482	0.488304	0.491126	0.493948
Woodie	0.439302	0.450983	0.470089	0.481770	0.500876	0.512557	0.531663
Fibonacci	0.449746	0.461507	0.468772	0.480533	0.492294	0.499559	0.511320

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.280522	0.354316	0.403332	0.477126	0.526142	0.599936	0.648952
Camarilla	0.418575	0.429833	0.441090	0.452348	0.463606	0.474863	0.486121
Woodie	0.268133	0.348122	0.390943	0.470932	0.513753	0.593742	0.636563
Fibonacci	0.354316	0.401229	0.430213	0.477126	0.524039	0.553023	0.599936

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.245301	0.334629	0.427731	0.517059	0.610161	0.699489	0.792591
Camarilla	0.470664	0.487387	0.504109	0.520832	0.537555	0.554278	0.571000
Woodie	0.247187	0.335573	0.429617	0.518003	0.612047	0.700433	0.794477
Fibonacci	0.334629	0.404318	0.447371	0.517059	0.586748	0.629801	0.699489

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):	54.73
MACD (12,26,9):	0.0204
Directional Movement:	7.137226
AROON (14):	71.428572
DEMA (21):	0.451887
Parabolic SAR (0,02-0,02-0,2):	0.606388
Elder Ray (13):	-0.007609
Super Trend (3,10):	0.313435
Zig ZAG (10):	0.488093
VORTEX (21):	1.0852
Stochastique (14,3,5):	61.90
TEMA (21):	0.510784
Williams %R (14):	-35.34
Chande Momentum Oscillator (20):	0.182373
Repulse (5,40,3):	-0.2766
ROCnROLL:	-1
TRIX (15,9):	0.1598
Courbe Coppock:	118.59

MA7:	0.457522
MA20:	0.498769
MA50:	0.487552
MA100:	0.424260
MAexp7:	0.475229
MAexp20:	0.437092
MAexp50:	0.500572
MAexp100:	0.660124
Price / MA7:	+6.25%
Price / MA20:	-2.53%
Price / MA50:	-0.29%
Price / MA100:	+14.59%
Price / MAexp7:	+2.30%
Price / MAexp20:	+11.22%
Price / MAexp50:	-2.88%
Price / MAexp100:	-26.36%

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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