MAKER - MKR/USDT - 1H - Technical analysis published on 02/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 733.88 USDT
My targets
761.82 USDT (+2.61%)
779.47 USDT (+4.99%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 733.88 USDT remains possible. It is advisable to trade MAKER - MKR/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 733.88 USDT. The next bullish objective for buyers is set at 761.82 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 779.47 USDT. If there is any crossing, the next objective would be the resistance located at 818.04 USDT. PS: if there is a bearish break in the support located at 733.88 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAKER - MKR/USDT price is 742.43 USDT. The price is lower by -3.52% since the last closing and was traded between 728.96 USDT and 774.10 USDT over the period. The price is currently at +1.85% from its lowest and -4.09% from its highest.728.96
774.10
742.43
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:
Technical
A technical analysis in 1H of this MAKER - MKR/USDT chart shows a bullish trend. 71.43% 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 scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 697.80 | 714.18 | 733.88 | 742.43 | 761.82 | 779.47 | 818.04 |
| Change (%) | -6.01% | -3.81% | -1.15% | - | +2.61% | +4.99% | +10.18% |
| Change | -44.63 | -28.25 | -8.55 | - | +19.39 | +37.04 | +75.61 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 557.19 | 607.55 | 688.54 | 738.90 | 819.89 | 870.25 | 951.24 |
| Camarilla | 733.42 | 745.46 | 757.50 | 769.54 | 781.58 | 793.62 | 805.66 |
| Woodie | 572.52 | 615.21 | 703.87 | 746.56 | 835.22 | 877.91 | 966.57 |
| Fibonacci | 607.55 | 657.72 | 688.72 | 738.90 | 789.07 | 820.07 | 870.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 519.50 | 598.21 | 660.62 | 739.33 | 801.74 | 880.45 | 942.86 |
| Camarilla | 684.22 | 697.16 | 710.09 | 723.03 | 735.97 | 748.90 | 761.84 |
| Woodie | 511.35 | 594.14 | 652.47 | 735.26 | 793.59 | 876.38 | 934.71 |
| Fibonacci | 598.21 | 652.12 | 685.42 | 739.33 | 793.24 | 826.54 | 880.45 |
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): | 46.10 | |
| MACD (12,26,9): | 3.2400 | |
| Directional Movement: | -0.24 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 753.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 770.93 | |
| Elder Ray (13): | -11.60 | |
| Super Trend (3,10): | 719.80 | |
| Zig ZAG (10): | 738.79 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 34.28 | |
| TEMA (21): | 749.88 | |
| Williams %R (14): | -76.67 | |
| Chande Momentum Oscillator (20): | -2.48 | |
| Repulse (5,40,3): | -1.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.59 |
| MA7: | 731.75 | |
| MA20: | 699.12 | |
| MA50: | 646.49 | |
| MA100: | 640.91 | |
| MAexp7: | 748.95 | |
| MAexp20: | 747.66 | |
| MAexp50: | 737.77 | |
| MAexp100: | 730.77 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | +6.19% | |
| Price / MA50: | +14.84% | |
| Price / MA100: | +15.84% | |
| Price / MAexp7: | -0.87% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +1.60% |
Quotes :
-
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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