MAKER - MKR/USDT - 1H - Technical analysis published on 03/10/2023 (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:
Neutral
Underlying:
Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 790.09 USDT
My targets
761.28 USDT (-2.17%)
687.76 USDT (-11.62%)
My analysis
The basic trend is very bearish on MAKER - MKR/USDT but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on MAKER - MKR/USDT. As long as you stay below the resistance 790.09 USDT, sellers' retain the upper hand. A break in the support at 761.28 USDT would be a signal that the basic trend will reverse. Sellers would then use the next support located at 687.76 USDT as an objective. Crossing it would then enable sellers to target 635.66 USDT. If the price were to depress the resistance 790.09 USDT in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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Additional analysis
Quotes
MAKER - MKR/USDT rating 778.17 USDT. On the day, this instrument lost -3.87% and was between 755.99 USDT and 809.56 USDT. This implies that the price is at +2.93% from its lowest and at -3.88% from its highest.755.99
809.56
778.17
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of MAKER - MKR/USDT in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 504.22 | 635.66 | 778.17 | 790.09 | 843.21 | 858.57 |
| Change (%) | -35.20% | -18.31% | - | +1.53% | +8.36% | +10.33% |
| Change | -273.95 | -142.51 | - | +11.92 | +65.04 | +80.40 |
| Level | Minor | Intermediate | - | Major | Minor | Minor |
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 | 675.12 | 735.25 | 772.36 | 832.49 | 869.60 | 929.73 | 966.84 |
| Camarilla | 782.74 | 791.65 | 800.57 | 809.48 | 818.39 | 827.31 | 836.22 |
| Woodie | 663.62 | 729.50 | 760.86 | 826.74 | 858.10 | 923.98 | 955.34 |
| Fibonacci | 735.25 | 772.39 | 795.34 | 832.49 | 869.63 | 892.58 | 929.73 |
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): | 46.82 | |
| MACD (12,26,9): | -8.9500 | |
| Directional Movement: | -0.77 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 769.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 763.82 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 806.16 | |
| Zig ZAG (10): | 783.71 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 53.22 | |
| TEMA (21): | 777.25 | |
| Williams %R (14): | -44.89 | |
| Chande Momentum Oscillator (20): | 15.02 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 2.52 |
| MA7: | 872.02 | |
| MA20: | 813.83 | |
| MA50: | 740.01 | |
| MA100: | 662.92 | |
| MAexp7: | 780.49 | |
| MAexp20: | 784.95 | |
| MAexp50: | 812.41 | |
| MAexp100: | 842.94 | |
| Price / MA7: | -10.76% | |
| Price / MA20: | -4.38% | |
| Price / MA50: | +5.16% | |
| Price / MA100: | +17.39% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.86% | |
| Price / MAexp50: | -4.21% | |
| Price / MAexp100: | -7.68% |
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.
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