MAKER - MKR/USDT - 15 min. - Technical analysis published on 02/15/2023 (GMT)
- 141
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 747.47 USDT
My targets
720.85 USDT (-1.27%)
702.33 USDT (-3.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MAKER - MKR/USDT as long as the price remains well below 747.47 USDT. The sellers' bearish objective is set at 720.85 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 702.33 USDT. In case of crossing, the next objective would be the support located at 675.71 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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
MAKER - MKR/USDT rating 730.14 USDT. The price registered a decrease of -1.25% on the session and was traded between 724.37 USDT and 744.55 USDT over the period. The price is currently at +0.80% from its lowest and -1.94% from its highest.724.37
744.55
730.14
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of MAKER - MKR/USDT in 15 min. shows a overall strongly bearish trend. 89.29% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 674.62 | 697.80 | 714.18 | 730.14 | 733.07 | 779.47 | 818.04 |
| Change (%) | -7.60% | -4.43% | -2.19% | - | +0.40% | +6.76% | +12.04% |
| Change | -55.52 | -32.34 | -15.96 | - | +2.93 | +49.33 | +87.90 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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): | 45.08 | |
| MACD (12,26,9): | -0.3300 | |
| Directional Movement: | -1.38 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 733.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 736.64 | |
| Elder Ray (13): | -2.68 | |
| Super Trend (3,10): | 729.62 | |
| Zig ZAG (10): | 729.73 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 12.73 | |
| TEMA (21): | 732.72 | |
| Williams %R (14): | -85.09 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.63 |
| MA7: | 724.45 | |
| MA20: | 702.90 | |
| MA50: | 650.32 | |
| MA100: | 639.95 | |
| MAexp7: | 732.12 | |
| MAexp20: | 733.75 | |
| MAexp50: | 734.08 | |
| MAexp100: | 735.21 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +3.88% | |
| Price / MA50: | +12.27% | |
| Price / MA100: | +14.09% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -0.69% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis MAKER - MKR/USDT - 15 min.