DECENTRALAND - MANA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MANAUSD
ISIN:

DECENTRALAND - MANA/USD - 1H - Technical analysis published on 02/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 0.453321 USD

My targets

0.474871 USD (+2.94%)

0.505397 USD (+9.56%)

My analysis

With a bullish background trend, the price of DECENTRALAND - MANA/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.453321 USD. A bullish break in the resistance located at 0.474871 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.505397 USD. Then 0.533694 USD by extension. It would be safer to wait for a bullish break in the resistance located at 0.474871 USD before allowing yourself to re trade long positions (at purchase) on DECENTRALAND - MANA/USD. PS: if there is a bearish break in the support located at 0.453321 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

1.4

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DECENTRALAND - MANA/USD rating 0.461306 USD. The price registered a decrease of -0.04% on the session and was between 0.460177 USD and 0.463556 USD. This implies that the price is at +0.25% from its lowest and at -0.49% from its highest.

0.460177

0.463556

0.461306

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DECENTRALAND - MANA/USD:

Technical

A technical analysis in 1H of this DECENTRALAND - MANA/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.425944	0.440209	0.453321	0.461306	0.463924	0.474871	0.533694
Change (%)	-7.67%	-4.57%	-1.73%	-	+0.57%	+2.94%	+15.69%
Change	-0.035362	-0.021097	-0.007985	-	+0.002618	+0.013565	+0.072388
Level	Major	Intermediate	Minor	-	Minor	Intermediate	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	0.438097	0.448402	0.454934	0.465239	0.471771	0.482076	0.488608
Camarilla	0.456837	0.458380	0.459924	0.461467	0.463010	0.464554	0.466097
Woodie	0.436212	0.447459	0.453049	0.464296	0.469886	0.481133	0.486723
Fibonacci	0.448402	0.454833	0.458807	0.465239	0.471670	0.475644	0.482076

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.379794	0.401759	0.431613	0.453578	0.483432	0.505397	0.535251
Camarilla	0.447217	0.451967	0.456717	0.461467	0.466217	0.470967	0.475717
Woodie	0.383739	0.403731	0.435558	0.455550	0.487377	0.507369	0.539196
Fibonacci	0.401759	0.421554	0.433783	0.453578	0.473373	0.485602	0.505397

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.210286	0.302293	0.366906	0.458913	0.523526	0.615533	0.680146
Camarilla	0.388449	0.402805	0.417162	0.431519	0.445876	0.460233	0.474590
Woodie	0.196589	0.295445	0.353209	0.452065	0.509829	0.608685	0.666449
Fibonacci	0.302293	0.362122	0.399084	0.458913	0.518742	0.555704	0.615533

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):	45.94
MACD (12,26,9):	-0.0005
Directional Movement:	3.556968
AROON (14):	7.142857
DEMA (21):	0.462702
Parabolic SAR (0,02-0,02-0,2):	0.459879
Elder Ray (13):	-0.000808
Super Trend (3,10):	0.459961
Zig ZAG (10):	0.461811
VORTEX (21):	0.9060
Stochastique (14,3,5):	40.59
TEMA (21):	0.460835
Williams %R (14):	-55.16
Chande Momentum Oscillator (20):	-0.000427
Repulse (5,40,3):	0.0919
ROCnROLL:	-1
TRIX (15,9):	-0.0087
Courbe Coppock:	1.04

MA7:	0.450291
MA20:	0.444164
MA50:	0.468446
MA100:	0.463282
MAexp7:	0.462203
MAexp20:	0.463082
MAexp50:	0.460923
MAexp100:	0.454846
Price / MA7:	+2.45%
Price / MA20:	+3.86%
Price / MA50:	-1.52%
Price / MA100:	-0.43%
Price / MAexp7:	-0.19%
Price / MAexp20:	-0.38%
Price / MAexp50:	+0.08%
Price / MAexp100:	+1.42%

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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