MAKER - MKR/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MKRUSDT
ISIN:

MAKER - MKR/USDT - Daily - Technical analysis published on 02/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 633.71 USDT

My targets

779.47 USDT (+7.09%)

914.78 USDT (+25.68%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MAKER - MKR/USDT as long as the price remains well above 633.71 USDT. The buyers' bullish objective is set at 779.47 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 914.78 USDT. If there is any crossing, the next objective would be the resistance located at 1,111.93 USDT.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.3

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 leron. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MAKER - MKR/USDT rating is 727.84 USDT. The price registered an increase of +5.07% on the session and was between 685.01 USDT and 728.46 USDT. This implies that the price is at +6.25% from its lowest and at -0.09% from its highest.

685.01

728.46

727.84

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MAKER - MKR/USDT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	504.22	592.95	715.62	727.84	779.47	914.78	1,111.93
Change (%)	-30.72%	-18.53%	-1.68%	-	+7.09%	+25.68%	+52.77%
Change	-223.62	-134.89	-12.22	-	+51.63	+186.94	+384.09
Level	Minor	Major	Intermediate	-	Minor	Minor	Intermediate

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	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):	63.35
MACD (12,26,9):	18.1600
Directional Movement:	12.16
AROON (14):	57.14
DEMA (21):	700.85
Parabolic SAR (0,02-0,02-0,2):	627.97
Elder Ray (13):	20.15
Super Trend (3,10):	610.64
Zig ZAG (10):	725.78
VORTEX (21):	1.0100
Stochastique (14,3,5):	79.61
TEMA (21):	703.68
Williams %R (14):	-0.14
Chande Momentum Oscillator (20):	67.93
Repulse (5,40,3):	6.6100
ROCnROLL:	1
TRIX (15,9):	0.4100
Courbe Coppock:	2.87

MA7:	692.21
MA20:	680.83
MA50:	619.82
MA100:	650.21
MAexp7:	695.37
MAexp20:	676.07
MAexp50:	653.87
MAexp100:	676.37
Price / MA7:	+5.15%
Price / MA20:	+6.90%
Price / MA50:	+17.43%
Price / MA100:	+11.94%
Price / MAexp7:	+4.67%
Price / MAexp20:	+7.66%
Price / MAexp50:	+11.31%
Price / MAexp100:	+7.61%

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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