DECENTRALAND - MANA/USD - 1H - Technical analysis published on 05/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.454992 USD
My targets
0.442699 USD (-0.98%)
0.427507 USD (-4.38%)
My analysis
The strong short-term decrease of DECENTRALAND - MANA/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 0.454992 USD, a sale could be considered. The first bearish objective is located at 0.442699 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 0.427507 USD. If there is any crossing, the next objective would be support 0.409926 USD. Caution, if there is a return to above 0.454992 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
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 rating is 0.447102 USD. The price is lower by -0.10% since the last closing with the lowest point at 0.440494 USD and the highest point at 0.463959 USD. The deviation from the price is +1.50% for the low point and -3.63% for the high point.0.440494
0.463959
0.447102
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
Here is a more detailed summary of the historical variations registered by DECENTRALAND - MANA/USD:
Technical
Technical analysis of this 1H chart of DECENTRALAND - MANA/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.409926 | 0.427507 | 0.442699 | 0.447102 | 0.454992 | 0.461008 | 0.468598 |
| Change (%) | -8.31% | -4.38% | -0.98% | - | +1.76% | +3.11% | +4.81% |
| Change | -0.037176 | -0.019595 | -0.004403 | - | +0.007890 | +0.013906 | +0.021496 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Intermediate |
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 | 0.421310 | 0.430201 | 0.438872 | 0.447763 | 0.456434 | 0.465325 | 0.473996 |
| Camarilla | 0.442713 | 0.444322 | 0.445932 | 0.447542 | 0.449152 | 0.450762 | 0.452372 |
| Woodie | 0.421199 | 0.430146 | 0.438761 | 0.447708 | 0.456323 | 0.465270 | 0.473885 |
| Fibonacci | 0.430201 | 0.436910 | 0.441055 | 0.447763 | 0.454472 | 0.458617 | 0.465325 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.331386 | 0.363080 | 0.405209 | 0.436903 | 0.479032 | 0.510726 | 0.552855 |
| Camarilla | 0.427036 | 0.433803 | 0.440570 | 0.447337 | 0.454104 | 0.460871 | 0.467638 |
| Woodie | 0.336603 | 0.365689 | 0.410426 | 0.439512 | 0.484249 | 0.513335 | 0.558072 |
| Fibonacci | 0.363080 | 0.391281 | 0.408703 | 0.436903 | 0.465104 | 0.482526 | 0.510726 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.03 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -12.350552 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.447968 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.457882 | |
| Elder Ray (13): | -0.000964 | |
| Super Trend (3,10): | 0.463115 | |
| Zig ZAG (10): | 0.447169 | |
| VORTEX (21): | 0.9972 | |
| Stochastique (14,3,5): | 24.43 | |
| TEMA (21): | 0.446683 | |
| Williams %R (14): | -73.12 | |
| Chande Momentum Oscillator (20): | -0.014471 | |
| Repulse (5,40,3): | 0.1228 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 2.30 |
| MA7: | 0.437274 | |
| MA20: | 0.448045 | |
| MA50: | 0.537877 | |
| MA100: | 0.546978 | |
| MAexp7: | 0.447161 | |
| MAexp20: | 0.448518 | |
| MAexp50: | 0.447851 | |
| MAexp100: | 0.444794 | |
| Price / MA7: | +2.25% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -16.88% | |
| Price / MA100: | -18.26% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | +0.52% |
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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