DECENTRALAND - MANA/USDT - Daily - Technical analysis published on 12/07/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 3.55 USDT
My targets
4.29 USDT (+12.60%)
5.19 USDT (+36.22%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DECENTRALAND - MANA/USDT. As long as you are above the support located at 3.55 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.29 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.19 USDT as an objective. If the support 3.55 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by q8legal. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DECENTRALAND - MANA/USDT rating 3.81 USDT. The price has increased by +1.06% since the last closing and was between 3.67 USDT and 3.85 USDT. This implies that the price is at +3.81% from its lowest and at -1.04% from its highest.3.67
3.85
3.81
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of DECENTRALAND - MANA/USDT indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.57 | 2.50 | 3.55 | 3.81 | 4.29 | 5.19 |
| Change (%) | -58.79% | -34.38% | -6.82% | - | +12.60% | +36.22% |
| Change | -2.24 | -1.31 | -0.26 | - | +0.48 | +1.38 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major |
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 | 2.68 | 2.96 | 3.36 | 3.64 | 4.04 | 4.32 | 4.72 |
| Camarilla | 3.58 | 3.65 | 3.71 | 3.77 | 3.83 | 3.90 | 3.96 |
| Woodie | 2.75 | 2.99 | 3.43 | 3.67 | 4.11 | 4.35 | 4.79 |
| Fibonacci | 2.96 | 3.22 | 3.38 | 3.64 | 3.90 | 4.06 | 4.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 1.80 | 2.96 | 4.09 | 5.25 | 6.38 | 7.54 |
| Camarilla | 3.49 | 3.70 | 3.91 | 4.12 | 4.33 | 4.54 | 4.75 |
| Woodie | 0.69 | 1.81 | 2.98 | 4.10 | 5.27 | 6.39 | 7.56 |
| Fibonacci | 1.80 | 2.68 | 3.22 | 4.09 | 4.97 | 5.51 | 6.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.01 | 0.63 | 2.63 | 4.27 | 6.27 | 7.91 | 9.91 |
| Camarilla | 3.64 | 3.97 | 4.31 | 4.64 | 4.97 | 5.31 | 5.64 |
| Woodie | -0.82 | 0.72 | 2.82 | 4.36 | 6.46 | 8.00 | 10.10 |
| Fibonacci | 0.63 | 2.02 | 2.88 | 4.27 | 5.66 | 6.52 | 7.91 |
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): | 49.25 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | -7.41 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 4.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.52 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 3.32 | |
| Zig ZAG (10): | 3.84 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 28.18 | |
| TEMA (21): | 4.18 | |
| Williams %R (14): | -69.49 | |
| Chande Momentum Oscillator (20): | -1.36 | |
| Repulse (5,40,3): | 6.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.8900 | |
| Courbe Coppock: | 0.21 |
| MA7: | 4.04 | |
| MA20: | 4.32 | |
| MA50: | 3.04 | |
| MA100: | 1.92 | |
| MAexp7: | 4.02 | |
| MAexp20: | 4.04 | |
| MAexp50: | 3.25 | |
| MAexp100: | 2.42 | |
| Price / MA7: | -5.69% | |
| Price / MA20: | -11.81% | |
| Price / MA50: | +25.33% | |
| Price / MA100: | +98.44% | |
| Price / MAexp7: | -5.22% | |
| Price / MAexp20: | -5.69% | |
| Price / MAexp50: | +17.23% | |
| Price / MAexp100: | +57.44% |
Quotes :
-
Real time data
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