MAKER - MKR/USDT - 1H - Technical analysis published on 02/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 715.62 USDT
My targets
741.02 USDT (+1.80%)
779.47 USDT (+7.08%)
My analysis
The bullish trend is currently very strong on MAKER - MKR/USDT. As long as the price remains above the support at 715.62 USDT, you could try to benefit from the boom. The first bullish objective is located at 741.02 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 779.47 USDT as an objective. Crossing it would then enable buyers to target 914.78 USDT. 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.
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
0
10
8.6
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MAKER - MKR/USDT rating 727.94 USDT. The price registered an increase of +5.08% on the session and was between 685.01 USDT and 728.46 USDT. This implies that the price is at +6.27% from its lowest and at -0.07% from its highest.685.01
728.46
727.94
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MAKER - MKR/USDT 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 706.04 | 715.62 | 723.72 | 727.94 | 779.47 | 914.78 | 1,111.93 |
| Change (%) | -3.01% | -1.69% | -0.58% | - | +7.08% | +25.67% | +52.75% |
| Change | -21.90 | -12.32 | -4.22 | - | +51.53 | +186.84 | +383.99 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | 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 | 651.01 | 665.48 | 679.12 | 693.59 | 707.23 | 721.70 | 735.34 |
| Camarilla | 685.02 | 687.60 | 690.17 | 692.75 | 695.33 | 697.90 | 700.48 |
| Woodie | 650.59 | 665.27 | 678.70 | 693.38 | 706.81 | 721.49 | 734.92 |
| Fibonacci | 665.48 | 676.22 | 682.86 | 693.59 | 704.33 | 710.97 | 721.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 537.56 | 579.77 | 639.29 | 681.50 | 741.02 | 783.23 | 842.75 |
| Camarilla | 670.82 | 680.15 | 689.48 | 698.80 | 708.13 | 717.45 | 726.78 |
| Woodie | 546.21 | 584.10 | 647.94 | 685.83 | 749.67 | 787.56 | 851.40 |
| Fibonacci | 579.77 | 618.63 | 642.64 | 681.50 | 720.36 | 744.37 | 783.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 283.29 | 392.79 | 524.21 | 633.71 | 765.13 | 874.63 | 1,006.05 |
| Camarilla | 589.39 | 611.47 | 633.56 | 655.64 | 677.72 | 699.81 | 721.89 |
| Woodie | 294.26 | 398.27 | 535.18 | 639.19 | 776.10 | 880.11 | 1,017.02 |
| Fibonacci | 392.79 | 484.82 | 541.68 | 633.71 | 725.74 | 782.60 | 874.63 |
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): | 74.96 | |
| MACD (12,26,9): | 6.7000 | |
| Directional Movement: | 17.88 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 713.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 705.48 | |
| Elder Ray (13): | 12.52 | |
| Super Trend (3,10): | 702.38 | |
| Zig ZAG (10): | 725.78 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 94.52 | |
| TEMA (21): | 719.80 | |
| Williams %R (14): | -0.36 | |
| Chande Momentum Oscillator (20): | 33.10 | |
| Repulse (5,40,3): | 1.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 6.48 |
| MA7: | 692.21 | |
| MA20: | 680.83 | |
| MA50: | 619.82 | |
| MA100: | 650.21 | |
| MAexp7: | 716.02 | |
| MAexp20: | 706.44 | |
| MAexp50: | 700.79 | |
| MAexp100: | 695.60 | |
| Price / MA7: | +5.16% | |
| Price / MA20: | +6.92% | |
| Price / MA50: | +17.44% | |
| Price / MA100: | +11.95% | |
| Price / MAexp7: | +1.66% | |
| Price / MAexp20: | +3.04% | |
| Price / MAexp50: | +3.87% | |
| Price / MAexp100: | +4.65% |
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.
About author
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