DECENTRALAND - MANA/USDT - Daily - Technical analysis published on 01/23/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 2.25 USDT
My targets
1.57 USDT (-23.04%)
1.56 USDT (-23.53%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DECENTRALAND - MANA/USDT, which is a positive signal for sellers. As long as the price remains above 2.25 USDT, a sale could be considered. The first bearish objective is located at 1.57 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.56 USDT as an objective. Crossing it would then enable sellers to target 1.08 USDT. If the price were to return above 2.25 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.9
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Additional analysis
Quotes
The DECENTRALAND - MANA/USDT rating is 2.04 USDT. The price has increased by +0.49% since the last closing with the lowest point at 2.00 USDT and the highest point at 2.15 USDT. The deviation from the price is +2.00% for the low point and -5.12% for the high point.2.00
2.15
2.04
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DECENTRALAND - MANA/USDT in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.61 | 1.08 | 1.57 | 2.04 | 2.81 | 3.39 | 3.86 |
| Change (%) | -70.10% | -47.06% | -23.04% | - | +37.75% | +66.18% | +89.22% |
| Change | -1.43 | -0.96 | -0.47 | - | +0.77 | +1.35 | +1.82 |
| Level | Major | Minor | Major | - | 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 | 1.22 | 1.48 | 1.75 | 2.01 | 2.28 | 2.54 | 2.81 |
| Camarilla | 1.88 | 1.93 | 1.98 | 2.03 | 2.08 | 2.13 | 2.18 |
| Woodie | 1.24 | 1.48 | 1.77 | 2.01 | 2.30 | 2.54 | 2.83 |
| Fibonacci | 1.48 | 1.68 | 1.80 | 2.01 | 2.21 | 2.33 | 2.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.02 | 0.86 | 1.44 | 2.32 | 2.90 | 3.78 | 4.36 |
| Camarilla | 1.63 | 1.76 | 1.90 | 2.03 | 2.16 | 2.30 | 2.43 |
| Woodie | -0.16 | 0.79 | 1.30 | 2.25 | 2.76 | 3.71 | 4.22 |
| Fibonacci | 0.86 | 1.41 | 1.76 | 2.32 | 2.87 | 3.22 | 3.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.56 | 2.25 | 2.76 | 3.45 | 3.96 | 4.65 | 5.16 |
| Camarilla | 2.94 | 3.05 | 3.16 | 3.27 | 3.38 | 3.49 | 3.60 |
| Woodie | 1.47 | 2.21 | 2.67 | 3.41 | 3.87 | 4.61 | 5.07 |
| Fibonacci | 2.25 | 2.71 | 2.99 | 3.45 | 3.91 | 4.19 | 4.65 |
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): | 29.00 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | -28.52 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 2.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.05 | |
| Elder Ray (13): | -0.54 | |
| Super Trend (3,10): | 2.90 | |
| Zig ZAG (10): | 2.05 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 15.82 | |
| TEMA (21): | 2.27 | |
| Williams %R (14): | -78.22 | |
| Chande Momentum Oscillator (20): | -0.88 | |
| Repulse (5,40,3): | -19.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8600 | |
| Courbe Coppock: | 38.60 |
| MA7: | 2.49 | |
| MA20: | 2.83 | |
| MA50: | 3.19 | |
| MA100: | 3.02 | |
| MAexp7: | 2.40 | |
| MAexp20: | 2.77 | |
| MAexp50: | 3.02 | |
| MAexp100: | 2.81 | |
| Price / MA7: | -18.07% | |
| Price / MA20: | -27.92% | |
| Price / MA50: | -36.05% | |
| Price / MA100: | -32.45% | |
| Price / MAexp7: | -15.00% | |
| Price / MAexp20: | -26.35% | |
| Price / MAexp50: | -32.45% | |
| Price / MAexp100: | -27.40% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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