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:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 748.65 USDT
My targets
735.60 USDT (-0.98%)
711.32 USDT (-4.25%)
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 748.65 USDT. The sellers' bearish objective is set at 735.60 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 711.32 USDT. In case of crossing, the next objective would be the support located at 698.27 USDT.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.7
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 742.91 USDT. On the day, this instrument lost -2.23% and was between 734.14 USDT and 777.85 USDT. This implies that the price is at +1.19% from its lowest and at -4.49% from its highest.734.14
777.85
742.91
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 15 min. of this MAKER - MKR/USDT chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 674.62 | 697.80 | 713.22 | 742.91 | 744.18 | 770.93 | 790.09 |
| Change (%) | -9.19% | -6.07% | -4.00% | - | +0.17% | +3.77% | +6.35% |
| Change | -68.29 | -45.11 | -29.69 | - | +1.27 | +28.02 | +47.18 |
| Level | Minor | Minor | Minor | - | Major | Minor | Major |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.94 | |
| MACD (12,26,9): | -5.5300 | |
| Directional Movement: | -33.02 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 746.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 759.15 | |
| Elder Ray (13): | -13.45 | |
| Super Trend (3,10): | 749.82 | |
| Zig ZAG (10): | 736.17 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 6.02 | |
| TEMA (21): | 743.04 | |
| Williams %R (14): | -77.12 | |
| Chande Momentum Oscillator (20): | -16.73 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.38 |
| MA7: | 733.12 | |
| MA20: | 707.61 | |
| MA50: | 655.32 | |
| MA100: | 640.48 | |
| MAexp7: | 744.69 | |
| MAexp20: | 752.98 | |
| MAexp50: | 756.96 | |
| MAexp100: | 754.50 | |
| Price / MA7: | +1.34% | |
| Price / MA20: | +4.99% | |
| Price / MA50: | +13.37% | |
| Price / MA100: | +15.99% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -1.34% | |
| Price / MAexp50: | -1.86% | |
| Price / MAexp100: | -1.54% |
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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