MAKER - MKR/USDT - 1H - Technical analysis published on 03/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 914.78 USDT
My targets
957.78 USDT (+2.21%)
977.38 USDT (+4.30%)
My analysis
The basic bullish trend is very strong on MAKER - MKR/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 914.78 USDT. Crossing the first resistance at 957.78 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 977.38 USDT as an objective. Crossing it would then enable buyers to target 1,111.93 USDT. Caution, a return to below 914.78 USDT would be a sign of a consolidation phase in 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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Additional analysis
Quotes
The MAKER - MKR/USDT price is 937.09 USDT. The price registered a decrease of -1.05% on the session with the lowest point at 924.81 USDT and the highest point at 953.79 USDT. The deviation from the price is +1.33% for the low point and -1.75% for the high point.924.81
953.79
937.09
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of MAKER - MKR/USDT in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this 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 : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 790.09 | 834.79 | 914.78 | 937.09 | 957.78 | 977.38 | 1,111.93 |
| Change (%) | -15.69% | -10.92% | -2.38% | - | +2.21% | +4.30% | +18.66% |
| Change | -147.00 | -102.30 | -22.31 | - | +20.69 | +40.29 | +174.84 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Intermediate |
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 | 758.10 | 807.66 | 877.34 | 926.90 | 996.58 | 1,046.14 | 1,115.82 |
| Camarilla | 914.23 | 925.16 | 936.09 | 947.02 | 957.95 | 968.88 | 979.81 |
| Woodie | 768.16 | 812.69 | 887.40 | 931.93 | 1,006.64 | 1,051.17 | 1,125.88 |
| Fibonacci | 807.66 | 853.21 | 881.35 | 926.90 | 972.45 | 1,000.59 | 1,046.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 687.76 | 761.28 | 810.75 | 884.27 | 933.74 | 1,007.26 | 1,056.73 |
| Camarilla | 826.41 | 837.68 | 848.96 | 860.23 | 871.50 | 882.78 | 894.05 |
| Woodie | 675.75 | 755.27 | 798.74 | 878.26 | 921.73 | 1,001.25 | 1,044.72 |
| Fibonacci | 761.28 | 808.26 | 837.28 | 884.27 | 931.25 | 960.27 | 1,007.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 444.19 | 533.22 | 639.97 | 729.00 | 835.75 | 924.78 | 1,031.53 |
| Camarilla | 692.87 | 710.82 | 728.76 | 746.71 | 764.66 | 782.60 | 800.55 |
| Woodie | 453.04 | 537.65 | 648.82 | 733.43 | 844.60 | 929.21 | 1,040.38 |
| Fibonacci | 533.22 | 608.01 | 654.22 | 729.00 | 803.79 | 850.00 | 924.78 |
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): | 55.93 | |
| MACD (12,26,9): | 3.3500 | |
| Directional Movement: | 8.93 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 941.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 942.38 | |
| Elder Ray (13): | 3.23 | |
| Super Trend (3,10): | 921.15 | |
| Zig ZAG (10): | 938.89 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 38.14 | |
| TEMA (21): | 937.28 | |
| Williams %R (14): | -45.58 | |
| Chande Momentum Oscillator (20): | -3.71 | |
| Repulse (5,40,3): | 1.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.60 |
| MA7: | 884.61 | |
| MA20: | 787.45 | |
| MA50: | 724.99 | |
| MA100: | 655.42 | |
| MAexp7: | 936.10 | |
| MAexp20: | 935.98 | |
| MAexp50: | 923.92 | |
| MAexp100: | 904.86 | |
| Price / MA7: | +5.93% | |
| Price / MA20: | +19.00% | |
| Price / MA50: | +29.26% | |
| Price / MA100: | +42.98% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +1.43% | |
| Price / MAexp100: | +3.56% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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