MAKER - MKR/USDT - 1H - Technical analysis published on 02/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Neutral between 713.22 USDT and 770.93 USDT
My targets
-
My analysis
The short-term decline on MAKER - MKR/USDT remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 713.22 USDT. The first resistance is located at 770.93 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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 price is 747.71 USDT. On the day, this instrument lost -1.60% and was traded between 734.14 USDT and 777.85 USDT over the period. The price is currently at +1.85% from its lowest and -3.87% from its highest.734.14
777.85
747.71
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this MAKER - MKR/USDT chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 697.80 | 713.22 | 744.18 | 747.71 | 770.93 | 790.09 | 818.04 |
| Change (%) | -6.68% | -4.61% | -0.47% | - | +3.11% | +5.67% | +9.41% |
| Change | -49.91 | -34.49 | -3.53 | - | +23.22 | +42.38 | +70.33 |
| Level | Minor | Minor | Major | - | Minor | Major | 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 | 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): | 46.48 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 3.87 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 754.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 761.90 | |
| Elder Ray (13): | -5.59 | |
| Super Trend (3,10): | 770.06 | |
| Zig ZAG (10): | 746.43 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 34.87 | |
| TEMA (21): | 750.90 | |
| Williams %R (14): | -70.46 | |
| Chande Momentum Oscillator (20): | -27.93 | |
| Repulse (5,40,3): | -0.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 3.99 |
| MA7: | 733.47 | |
| MA20: | 708.06 | |
| MA50: | 655.48 | |
| MA100: | 640.56 | |
| MAexp7: | 750.12 | |
| MAexp20: | 752.89 | |
| MAexp50: | 748.39 | |
| MAexp100: | 741.68 | |
| Price / MA7: | +1.94% | |
| Price / MA20: | +5.60% | |
| Price / MA50: | +14.07% | |
| Price / MA100: | +16.73% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +0.81% |
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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