MAKER - MKR/USDT - 1H - Technical analysis published on 02/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 733.97 USDT
My targets
713.22 USDT (-0.83%)
697.80 USDT (-2.98%)
My analysis
The bearish basic trend is very strong on MAKER - MKR/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 733.97 USDT. Crossing the first support at 713.22 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 697.80 USDT as an objective. Crossing it would then enable sellers to target 674.62 USDT. Caution, a return to above the resistance located at 733.97 USDT would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAKER - MKR/USDT price is 719.20 USDT. The price registered an increase of +1.94% on the session with the lowest point at 700.70 USDT and the highest point at 736.51 USDT. The deviation from the price is +2.64% for the low point and -2.35% for the high point.700.70
736.51
719.20
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:
Technical
Technical analysis of this 1H chart of MAKER - MKR/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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 this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 674.62 | 697.80 | 713.22 | 719.20 | 733.97 | 759.58 | 777.77 |
| Change (%) | -6.20% | -2.98% | -0.83% | - | +2.05% | +5.61% | +8.14% |
| Change | -44.58 | -21.40 | -5.98 | - | +14.77 | +40.38 | +58.57 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 603.99 | 653.23 | 679.37 | 728.61 | 754.75 | 803.99 | 830.13 |
| Camarilla | 684.78 | 691.69 | 698.60 | 705.51 | 712.42 | 719.33 | 726.24 |
| Woodie | 592.44 | 647.46 | 667.82 | 722.84 | 743.20 | 798.22 | 818.58 |
| Fibonacci | 653.23 | 682.03 | 699.82 | 728.61 | 757.41 | 775.20 | 803.99 |
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): | 46.34 | |
| MACD (12,26,9): | -3.4300 | |
| Directional Movement: | -7.19 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 719.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 734.83 | |
| Elder Ray (13): | -2.15 | |
| Super Trend (3,10): | 737.44 | |
| Zig ZAG (10): | 720.16 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 33.72 | |
| TEMA (21): | 719.82 | |
| Williams %R (14): | -68.38 | |
| Chande Momentum Oscillator (20): | -1.01 | |
| Repulse (5,40,3): | -0.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 1.77 |
| MA7: | 728.80 | |
| MA20: | 709.22 | |
| MA50: | 658.68 | |
| MA100: | 640.65 | |
| MAexp7: | 721.77 | |
| MAexp20: | 724.77 | |
| MAexp50: | 731.50 | |
| MAexp100: | 734.42 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +9.19% | |
| Price / MA100: | +12.26% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -1.68% | |
| Price / MAexp100: | -2.07% |
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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