MAKER - MKR/USDT - 15 min. - Technical analysis published on 02/16/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 748.65 USDT
My targets
772.93 USDT (+1.46%)
785.98 USDT (+3.17%)
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 748.65 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 748.65 USDT. The next bullish objective for buyers is set at 772.93 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 785.98 USDT. If there is any crossing, the next objective would be the resistance located at 810.26 USDT. PS: if there is a bearish break in the support located at 748.65 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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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 761.83 USDT. On the day, this instrument gained +0.26% and was between 757.34 USDT and 777.85 USDT. This implies that the price is at +0.59% from its lowest and at -2.06% from its highest.757.34
777.85
761.83
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 an overall bullish trend. 75.00% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 697.80 | 713.22 | 744.18 | 761.83 | 770.93 | 790.09 | 818.04 |
| Change (%) | -8.40% | -6.38% | -2.32% | - | +1.19% | +3.71% | +7.38% |
| Change | -64.03 | -48.61 | -17.65 | - | +9.10 | +28.26 | +56.21 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 698.27 | 711.32 | 735.60 | 748.65 | 772.93 | 785.98 | 810.26 |
| Camarilla | 749.61 | 753.04 | 756.46 | 759.88 | 763.30 | 766.72 | 770.15 |
| Woodie | 703.89 | 714.13 | 741.22 | 751.46 | 778.55 | 788.79 | 815.88 |
| Fibonacci | 711.32 | 725.58 | 734.39 | 748.65 | 762.91 | 771.72 | 785.98 |
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): | 58.20 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 15.29 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 765.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 757.62 | |
| Elder Ray (13): | 4.85 | |
| Super Trend (3,10): | 771.75 | |
| Zig ZAG (10): | 769.26 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 53.52 | |
| TEMA (21): | 763.85 | |
| Williams %R (14): | -37.54 | |
| Chande Momentum Oscillator (20): | 0.41 | |
| Repulse (5,40,3): | 0.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.56 |
| MA7: | 735.68 | |
| MA20: | 708.90 | |
| MA50: | 655.82 | |
| MA100: | 640.73 | |
| MAexp7: | 766.64 | |
| MAexp20: | 765.07 | |
| MAexp50: | 761.71 | |
| MAexp100: | 755.41 | |
| Price / MA7: | +3.55% | |
| Price / MA20: | +7.47% | |
| Price / MA50: | +16.16% | |
| Price / MA100: | +18.90% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.85% |
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.
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