MAKER - MKR/USDT - 15 min. - Technical analysis published on 02/17/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 679.37 USDT
My targets
728.61 USDT (+0.45%)
754.75 USDT (+4.05%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on MAKER - MKR/USDT. This is a positive signal for buyers. As long as the price remains above 679.37 USDT, a purchase could be considered. The first bullish objective is located at 728.61 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 754.75 USDT as an objective. Crossing it would then enable buyers to target 803.99 USDT. In the event of a return below 679.37 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.9
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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 rating is 725.38 USDT. The price has increased by +2.82% since the last closing and was traded between 700.70 USDT and 736.51 USDT over the period. The price is currently at +3.52% from its lowest and -1.51% from its highest.700.70
736.51
725.38
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
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 bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
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 | 713.22 | 725.38 | 733.97 | 759.58 | 777.77 |
| Change (%) | -7.00% | -3.80% | -1.68% | - | +1.18% | +4.71% | +7.22% |
| Change | -50.76 | -27.58 | -12.16 | - | +8.59 | +34.20 | +52.39 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.90 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | -4.73 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 724.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 729.82 | |
| Elder Ray (13): | 1.93 | |
| Super Trend (3,10): | 732.33 | |
| Zig ZAG (10): | 726.75 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 73.67 | |
| TEMA (21): | 725.03 | |
| Williams %R (14): | -22.72 | |
| Chande Momentum Oscillator (20): | -0.70 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.44 |
| MA7: | 729.82 | |
| MA20: | 709.41 | |
| MA50: | 658.76 | |
| MA100: | 640.69 | |
| MAexp7: | 724.75 | |
| MAexp20: | 724.43 | |
| MAexp50: | 724.33 | |
| MAexp100: | 726.26 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | +2.25% | |
| Price / MA50: | +10.11% | |
| Price / MA100: | +13.22% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | -0.12% |
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.
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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