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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 - 1H - Technical analysis published on 03/08/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 887.17 USDT
My targets
956.16 USDT (+3.72%)
977.38 USDT (+6.02%)
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 887.17 USDT. The buyers' bullish objective is set at 956.16 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 977.38 USDT. If there is any crossing, the next objective would be the resistance located at 1,111.93 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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

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.

finacian
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

MAKER - MKR/USDT rating 921.89 USDT. The price registered an increase of +0.00% on the session and was between 921.89 USDT and 921.94 USDT. This implies that the price is at 0% from its lowest and at -0.01% from its highest.

921.89
921.94
921.89

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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 Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of MAKER - MKR/USDT in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 790.09 843.21 887.17 921.89 925.33 956.16 977.38
Change (%) -14.30% -8.53% -3.77% - +0.37% +3.72% +6.02%
Change -131.80 -78.68 -34.72 - +3.44 +34.27 +55.49
Level Major Intermediate Minor - Intermediate Major 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
Standard841.47859.58890.76908.87940.05958.16989.34
Camarilla908.38912.89917.41921.93926.45930.97935.49
Woodie848.00862.85897.29912.14946.58961.43995.87
Fibonacci859.58878.41890.05908.87927.70939.34958.16


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): 52.40
MACD (12,26,9): -1.0300
Directional Movement: 2.12
AROON (14): 21.43
DEMA (21): 907.87
Parabolic SAR (0,02-0,02-0,2): 892.04
Elder Ray (13): 1.86
Super Trend (3,10): 921.15
Zig ZAG (10): 919.88
VORTEX (21): 0.9600
Stochastique (14,3,5): 73.85
TEMA (21): 911.00
Williams %R (14): -14.84
Chande Momentum Oscillator (20): 31.58
Repulse (5,40,3): 0.9200
ROCnROLL: 1
TRIX (15,9): -0.0700
Courbe Coppock: 1.98
MA7: 905.38
MA20: 796.14
MA50: 730.07
MA100: 657.91
MAexp7: 913.11
MAexp20: 910.03
MAexp50: 913.85
MAexp100: 907.20
Price / MA7: +1.82%
Price / MA20: +15.79%
Price / MA50: +26.27%
Price / MA100: +40.12%
Price / MAexp7: +0.96%
Price / MAexp20: +1.30%
Price / MAexp50: +0.88%
Price / MAexp100: +1.62%

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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Londinia AI

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