MAKER - MKR/USDT
MAKER - MKR/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MKRUSDT
ISIN:

MAKER - MKR/USDT - Daily - Technical analysis published on 03/06/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 914.78 USDT
My targets
977.38 USDT (+4.30%)
1,111.93 USDT (+18.66%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MAKER - MKR/USDT as long as the price remains well above 914.78 USDT. The buyers' bullish objective is set at 977.38 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,111.93 USDT. If there is any crossing, the next objective would be the resistance located at 2,218.25 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.8

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 finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The MAKER - MKR/USDT price is 937.10 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
937.10

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on MAKER - MKR/USDT were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of this Daily chart of MAKER - MKR/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily


Bearish harami cross

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 685.62 790.09 914.78 937.10 977.38 1,111.93 2,218.25
Change (%) -26.84% -15.69% -2.38% - +4.30% +18.66% +136.71%
Change -251.48 -147.01 -22.32 - +40.28 +174.83 +1,281.15
Level Intermediate Major Minor - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard758.10807.66877.34926.90996.581,046.141,115.82
Camarilla914.23925.16936.09947.02957.95968.88979.81
Woodie768.16812.69887.40931.931,006.641,051.171,125.88
Fibonacci807.66853.21881.35926.90972.451,000.591,046.14


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard687.76761.28810.75884.27933.741,007.261,056.73
Camarilla826.41837.68848.96860.23871.50882.78894.05
Woodie675.75755.27798.74878.26921.731,001.251,044.72
Fibonacci761.28808.26837.28884.27931.25960.271,007.26


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard444.19533.22639.97729.00835.75924.781,031.53
Camarilla692.87710.82728.76746.71764.66782.60800.55
Woodie453.04537.65648.82733.43844.60929.211,040.38
Fibonacci533.22608.01654.22729.00803.79850.00924.78

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): 66.22
MACD (12,26,9): 59.2900
Directional Movement: 17.15
AROON (14): 78.57
DEMA (21): 881.64
Parabolic SAR (0,02-0,02-0,2): 749.58
Elder Ray (13): 95.72
Super Trend (3,10): 719.17
Zig ZAG (10): 938.89
VORTEX (21): 1.1000
Stochastique (14,3,5): 81.26
TEMA (21): 913.23
Williams %R (14): -13.08
Chande Momentum Oscillator (20): 235.12
Repulse (5,40,3): 3.6300
ROCnROLL: 1
TRIX (15,9): 0.8300
Courbe Coppock: 42.24
MA7: 884.61
MA20: 787.45
MA50: 724.99
MA100: 655.42
MAexp7: 885.61
MAexp20: 811.28
MAexp50: 740.13
MAexp100: 718.92
Price / MA7: +5.93%
Price / MA20: +19.00%
Price / MA50: +29.26%
Price / MA100: +42.98%
Price / MAexp7: +5.81%
Price / MAexp20: +15.51%
Price / MAexp50: +26.61%
Price / MAexp100: +30.35%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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