DECENTRALAND - MANA/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MANAUSD
ISIN:

DECENTRALAND - MANA/USD - 1H - Technical analysis published on 05/02/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

22%

My opinion

Bullish above 0.409652 USD

My targets

0.424624 USD (+0.40%)

0.445130 USD (+5.25%)

My analysis

The current short-term bullish acceleration on DECENTRALAND - MANA/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.409652 USD. Short-term buyers will use the resistance located at 0.424624 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.445130 USD. Crossing this resistance would then open the door for buyers to target 0.461008 USD. Caution, if there is a return to under 0.409652 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.9

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 0.422918 USD. The price is lower by -0.16% since the last closing and was between 0.410063 USD and 0.425409 USD. This implies that the price is at +3.13% from its lowest and at -0.59% from its highest.

0.410063

0.425409

0.422918

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

Bullish opening

Type : Bullish

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 neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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 under support 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.394775	0.409652	0.420450	0.422918	0.445130	0.461008	0.478716
Change (%)	-6.65%	-3.14%	-0.58%	-	+5.25%	+9.01%	+13.19%
Change	-0.028143	-0.013266	-0.002468	-	+0.022212	+0.038090	+0.055798
Level	Intermediate	Minor	Major	-	Major	Minor	Major

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	0.368815	0.381795	0.402693	0.415673	0.436571	0.449551	0.470449
Camarilla	0.414275	0.417380	0.420486	0.423591	0.426697	0.429802	0.432908
Woodie	0.372774	0.383775	0.406652	0.417653	0.440530	0.451531	0.474408
Fibonacci	0.381795	0.394736	0.402732	0.415673	0.428614	0.436610	0.449551

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.359656	0.397144	0.424624	0.462112	0.489592	0.527080	0.554560
Camarilla	0.434239	0.440194	0.446150	0.452105	0.458060	0.464016	0.469971
Woodie	0.354653	0.394642	0.419621	0.459610	0.484589	0.524578	0.549557
Fibonacci	0.397144	0.421961	0.437294	0.462112	0.486929	0.502262	0.527080

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.001287	0.186095	0.301206	0.488588	0.603699	0.791081	0.906192
Camarilla	0.333132	0.360861	0.388590	0.416318	0.444047	0.471775	0.499504
Woodie	-0.037422	0.168027	0.265072	0.470520	0.567565	0.773013	0.870058
Fibonacci	0.186095	0.301647	0.373035	0.488588	0.604140	0.675528	0.791081

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):	57.01
MACD (12,26,9):	0.0016
Directional Movement:	2.381510
AROON (14):	-21.428572
DEMA (21):	0.420518
Parabolic SAR (0,02-0,02-0,2):	0.412072
Elder Ray (13):	0.003268
Super Trend (3,10):	0.408152
Zig ZAG (10):	0.423672
VORTEX (21):	1.0962
Stochastique (14,3,5):	70.66
TEMA (21):	0.422630
Williams %R (14):	-14.07
Chande Momentum Oscillator (20):	0.001155
Repulse (5,40,3):	0.8874
ROCnROLL:	1
TRIX (15,9):	0.0510
Courbe Coppock:	1.63

MA7:	0.435631
MA20:	0.444152
MA50:	0.555945
MA100:	0.546763
MAexp7:	0.420721
MAexp20:	0.418552
MAexp50:	0.419362
MAexp100:	0.426833
Price / MA7:	-2.92%
Price / MA20:	-4.78%
Price / MA50:	-23.93%
Price / MA100:	-22.65%
Price / MAexp7:	+0.52%
Price / MAexp20:	+1.04%
Price / MAexp50:	+0.85%
Price / MAexp100:	-0.92%

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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