DECENTRALAND - MANA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	MANAUSD
ISIN:

DECENTRALAND - MANA/USD - 1H - Technical analysis published on 11/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.408418 USD

My targets

0.447272 USD (+3.78%)

0.476498 USD (+10.56%)

My analysis

DECENTRALAND - MANA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.408418 USD. The next resistance located at 0.447272 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.476498 USD. After this resistance, buyers could then target 0.560749 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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 0.430984 USD. The price registered an increase of +23.65% on the session and was between 0.346862 USD and 0.455539 USD. This implies that the price is at +24.25% from its lowest and at -5.39% from its highest.

0.346862

0.455539

0.430984

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this DECENTRALAND - MANA/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong 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.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

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 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.363367	0.380145	0.399769	0.430984	0.447272	0.476498	0.560749
Change (%)	-15.69%	-11.80%	-7.24%	-	+3.78%	+10.56%	+30.11%
Change	-0.067617	-0.050839	-0.031215	-	+0.016288	+0.045514	+0.129765
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	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	0.302650	0.311913	0.330233	0.339496	0.357816	0.367079	0.385399
Camarilla	0.340967	0.343495	0.346024	0.348552	0.351080	0.353609	0.356137
Woodie	0.307178	0.314177	0.334761	0.341760	0.362344	0.369343	0.389927
Fibonacci	0.311913	0.322450	0.328960	0.339496	0.350033	0.356543	0.367079

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.215146	0.236856	0.279570	0.301280	0.343994	0.365704	0.408418
Camarilla	0.304567	0.310473	0.316379	0.322284	0.328190	0.334095	0.340001
Woodie	0.225648	0.242107	0.290072	0.306531	0.354496	0.370955	0.418920
Fibonacci	0.236856	0.261466	0.276670	0.301280	0.325890	0.341094	0.365704

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.173125	0.220033	0.254134	0.301042	0.335143	0.382051	0.416152
Camarilla	0.265957	0.273382	0.280808	0.288234	0.295660	0.303086	0.310512
Woodie	0.166721	0.216831	0.247730	0.297840	0.328739	0.378849	0.409748
Fibonacci	0.220033	0.250979	0.270097	0.301042	0.331988	0.351106	0.382051

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):	91.21
MACD (12,26,9):	0.0187
Directional Movement:	62.382828
AROON (14):	92.857143
DEMA (21):	0.390875
Parabolic SAR (0,02-0,02-0,2):	0.372491
Elder Ray (13):	0.054952
Super Trend (3,10):	0.402656
Zig ZAG (10):	0.431358
VORTEX (21):	1.6047
Stochastique (14,3,5):	95.27
TEMA (21):	0.404068
Williams %R (14):	-10.66
Chande Momentum Oscillator (20):	0.081084
Repulse (5,40,3):	12.1074
ROCnROLL:	1
TRIX (15,9):	0.4057
Courbe Coppock:	26.44

MA7:	0.359818
MA20:	0.316782
MA50:	0.307260
MA100:	0.293836
MAexp7:	0.397159
MAexp20:	0.370693
MAexp50:	0.353637
MAexp100:	0.346860
Price / MA7:	+19.78%
Price / MA20:	+36.05%
Price / MA50:	+40.27%
Price / MA100:	+46.68%
Price / MAexp7:	+8.61%
Price / MAexp20:	+16.36%
Price / MAexp50:	+21.97%
Price / MAexp100:	+24.36%

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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Londinia AI

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