MAKER - MKR/USDT - Weekly - Technical analysis published on 02/15/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 874.63 USDT
My targets
592.95 USDT (-18.89%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 874.63 USDT remains possible. It is advisable to trade MAKER - MKR/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 874.63 USDT. The next bearish objective for sellers is set at 592.95 USDT. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 874.63 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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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 731.08 USDT. Over 5 days, this instrument gained +2.76% and was traded between 657.90 USDT and 789.25 USDT over the period. The price is currently at +11.12% from its lowest point and -7.37% from its highest point.657.90
789.25
731.08
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:
Technical
Technical analysis of this Weekly chart of MAKER - MKR/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 592.95 | 731.08 | 1,111.93 | 2,218.25 | 3,875.75 |
| Change (%) | -18.89% | - | +52.09% | +203.42% | +430.14% |
| Change | -138.13 | - | +380.85 | +1,487.17 | +3,144.67 |
| Level | Major | - | Intermediate | Minor | 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 | 675.71 | 702.33 | 720.85 | 747.47 | 765.99 | 792.61 | 811.13 |
| Camarilla | 726.95 | 731.08 | 735.22 | 739.36 | 743.50 | 747.64 | 751.77 |
| Woodie | 671.65 | 700.31 | 716.79 | 745.45 | 761.93 | 790.59 | 807.07 |
| Fibonacci | 702.33 | 719.58 | 730.23 | 747.47 | 764.72 | 775.37 | 792.61 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.31 | |
| MACD (12,26,9): | -93.6600 | |
| Directional Movement: | 3.12 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 576.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 508.60 | |
| Elder Ray (13): | 31.89 | |
| Super Trend (3,10): | 912.82 | |
| Zig ZAG (10): | 735.83 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 58.36 | |
| TEMA (21): | 674.19 | |
| Williams %R (14): | -26.56 | |
| Chande Momentum Oscillator (20): | 96.03 | |
| Repulse (5,40,3): | 6.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -2.0700 | |
| Courbe Coppock: | 23.92 |
| MA7: | 724.68 | |
| MA20: | 703.19 | |
| MA50: | 650.45 | |
| MA100: | 640.01 | |
| MAexp7: | 692.23 | |
| MAexp20: | 729.36 | |
| MAexp50: | 1,044.65 | |
| MAexp100: | 1,315.30 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +3.97% | |
| Price / MA50: | +12.40% | |
| Price / MA100: | +14.23% | |
| Price / MAexp7: | +5.61% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | -30.02% | |
| Price / MAexp100: | -44.42% |
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.
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