DECENTRALAND - MANA/USD - 1H - Technical analysis published on 08/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
39%
22%
My opinion
Bullish above 0.267988 USD
My targets
0.290922 USD (+4.73%)
0.307624 USD (+10.74%)
My analysis
The bullish trend is currently very strong on DECENTRALAND - MANA/USD. As long as the price remains above the support at 0.267988 USD, you could try to benefit from the boom. The first bullish objective is located at 0.290922 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.307624 USD as an objective. Crossing it would then enable buyers to target 0.478758 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DECENTRALAND - MANA/USD rating 0.277792 USD. On the day, this instrument lost -0.41% with the lowest point at 0.272164 USD and the highest point at 0.279070 USD. The deviation from the price is +2.07% for the low point and -0.46% for the high point.0.272164
0.279070
0.277792
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this DECENTRALAND - MANA/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.217548 | 0.249805 | 0.267988 | 0.277792 | 0.278522 | 0.290922 | 0.307624 |
| Change (%) | -21.69% | -10.07% | -3.53% | - | +0.26% | +4.73% | +10.74% |
| Change | -0.060244 | -0.027987 | -0.009804 | - | +0.000730 | +0.013130 | +0.029832 |
| Level | Minor | Minor | Major | - | Minor | Major | 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 | 0.227826 | 0.238809 | 0.258871 | 0.269854 | 0.289916 | 0.300899 | 0.320961 |
| Camarilla | 0.270397 | 0.273242 | 0.276088 | 0.278934 | 0.281780 | 0.284626 | 0.287471 |
| Woodie | 0.232367 | 0.241079 | 0.263412 | 0.272124 | 0.294457 | 0.303169 | 0.325502 |
| Fibonacci | 0.238809 | 0.250668 | 0.257995 | 0.269854 | 0.281713 | 0.289040 | 0.300899 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.164388 | 0.216126 | 0.246717 | 0.298455 | 0.329046 | 0.380784 | 0.411375 |
| Camarilla | 0.254668 | 0.262214 | 0.269761 | 0.277308 | 0.284855 | 0.292402 | 0.299949 |
| Woodie | 0.153815 | 0.210839 | 0.236144 | 0.293168 | 0.318473 | 0.375497 | 0.400802 |
| Fibonacci | 0.216126 | 0.247576 | 0.267005 | 0.298455 | 0.329905 | 0.349334 | 0.380784 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.140541 | 0.198774 | 0.255418 | 0.313651 | 0.370295 | 0.428528 | 0.485172 |
| Camarilla | 0.280472 | 0.291002 | 0.301533 | 0.312063 | 0.322593 | 0.333124 | 0.343654 |
| Woodie | 0.139748 | 0.198377 | 0.254625 | 0.313254 | 0.369502 | 0.428131 | 0.484379 |
| Fibonacci | 0.198774 | 0.242657 | 0.269768 | 0.313651 | 0.357534 | 0.384645 | 0.428528 |
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): | 56.70 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 7.488825 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.277944 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.278822 | |
| Elder Ray (13): | 0.000872 | |
| Super Trend (3,10): | 0.268782 | |
| Zig ZAG (10): | 0.276696 | |
| VORTEX (21): | 1.1161 | |
| Stochastique (14,3,5): | 49.91 | |
| TEMA (21): | 0.277994 | |
| Williams %R (14): | -47.74 | |
| Chande Momentum Oscillator (20): | -0.002231 | |
| Repulse (5,40,3): | -0.3287 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1633 | |
| Courbe Coppock: | 1.20 |
| MA7: | 0.267595 | |
| MA20: | 0.307929 | |
| MA50: | 0.321706 | |
| MA100: | 0.373980 | |
| MAexp7: | 0.276292 | |
| MAexp20: | 0.274327 | |
| MAexp50: | 0.269864 | |
| MAexp100: | 0.269102 | |
| Price / MA7: | +3.81% | |
| Price / MA20: | -9.79% | |
| Price / MA50: | -13.65% | |
| Price / MA100: | -25.72% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +2.94% | |
| Price / MAexp100: | +3.23% |
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.
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