DECENTRALAND - MANA/USDT - 1H - Technical analysis published on 04/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 1.79 USDT
My targets
1.62 USDT (-3.57%)
1.57 USDT (-6.55%)
My analysis
The bearish trend is currently very strong for DECENTRALAND - MANA/USDT. As long as the price remains below the resistance at 1.79 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.62 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.57 USDT as an objective. Crossing it would then enable sellers to target 1.08 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
DECENTRALAND - MANA/USDT rating 1.68 USDT. On the day, this instrument gained +0.60% with the lowest point at 1.66 USDT and the highest point at 1.68 USDT. The deviation from the price is +1.20% for the low point and 0% for the high point.1.66
1.68
1.68
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DECENTRALAND - MANA/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 3 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.08 | 1.57 | 1.62 | 1.68 | 1.79 | 1.85 | 1.96 |
| Change (%) | -35.71% | -6.55% | -3.57% | - | +6.55% | +10.12% | +16.67% |
| Change | -0.60 | -0.11 | -0.06 | - | +0.11 | +0.17 | +0.28 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
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 | 1.39 | 1.50 | 1.59 | 1.70 | 1.79 | 1.90 | 1.99 |
| Camarilla | 1.62 | 1.63 | 1.65 | 1.67 | 1.69 | 1.71 | 1.73 |
| Woodie | 1.37 | 1.50 | 1.57 | 1.70 | 1.77 | 1.90 | 1.97 |
| Fibonacci | 1.50 | 1.58 | 1.63 | 1.70 | 1.78 | 1.83 | 1.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.65 | 1.81 | 1.91 | 2.07 | 2.17 | 2.33 | 2.43 |
| Camarilla | 1.94 | 1.96 | 1.99 | 2.01 | 2.03 | 2.06 | 2.08 |
| Woodie | 1.62 | 1.80 | 1.88 | 2.06 | 2.14 | 2.32 | 2.40 |
| Fibonacci | 1.81 | 1.91 | 1.97 | 2.07 | 2.17 | 2.23 | 2.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.67 | 1.95 | 2.28 | 2.56 | 2.89 | 3.17 | 3.50 |
| Camarilla | 2.44 | 2.50 | 2.55 | 2.61 | 2.67 | 2.72 | 2.78 |
| Woodie | 1.70 | 1.96 | 2.31 | 2.57 | 2.92 | 3.18 | 3.53 |
| Fibonacci | 1.95 | 2.18 | 2.33 | 2.56 | 2.79 | 2.94 | 3.17 |
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): | 31.94 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -22.71 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 1.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.62 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.71 | |
| Zig ZAG (10): | 1.67 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 31.45 | |
| TEMA (21): | 1.64 | |
| Williams %R (14): | -60.33 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.7100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 10.87 |
| MA7: | 1.82 | |
| MA20: | 2.03 | |
| MA50: | 2.31 | |
| MA100: | 2.50 | |
| MAexp7: | 1.67 | |
| MAexp20: | 1.70 | |
| MAexp50: | 1.76 | |
| MAexp100: | 1.82 | |
| Price / MA7: | -7.69% | |
| Price / MA20: | -17.24% | |
| Price / MA50: | -27.27% | |
| Price / MA100: | -32.80% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | -1.18% | |
| Price / MAexp50: | -4.55% | |
| Price / MAexp100: | -7.69% |
Quotes :
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Real time data
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