MAKER - MKR/USDT - 1H - Technical analysis published on 03/11/2023 (GMT)
- 224
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 685.62 USDT
My targets
639.97 USDT (-5.08%)
635.66 USDT (-5.72%)
My analysis
MAKER - MKR/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 685.62 USDT. The next support located at 639.97 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 635.66 USDT. Below this support, sellers could then target 504.22 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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:
Additional analysis
Quotes
The MAKER - MKR/USDT price is 674.22 USDT. The price registered a decrease of -13.67% on the session with the lowest point at 595.25 USDT and the highest point at 797.27 USDT. The deviation from the price is +13.27% for the low point and -15.43% for the high point.595.25
797.27
674.22
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on MAKER - MKR/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this MAKER - MKR/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 504.22 | 635.66 | 674.22 | 685.62 | 756.56 | 790.09 |
| Change (%) | -25.21% | -5.72% | - | +1.69% | +12.21% | +17.19% |
| Change | -170.00 | -38.56 | - | +11.40 | +82.34 | +115.87 |
| Level | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 701.22 | 728.60 | 754.79 | 782.17 | 808.36 | 835.74 | 861.93 |
| Camarilla | 766.24 | 771.15 | 776.06 | 780.97 | 785.88 | 790.79 | 795.70 |
| Woodie | 700.62 | 728.30 | 754.19 | 781.87 | 807.76 | 835.44 | 861.33 |
| Fibonacci | 728.60 | 749.07 | 761.71 | 782.17 | 802.64 | 815.28 | 835.74 |
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): | 40.38 | |
| MACD (12,26,9): | -30.7900 | |
| Directional Movement: | -7.29 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 659.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 686.71 | |
| Elder Ray (13): | -7.94 | |
| Super Trend (3,10): | 731.77 | |
| Zig ZAG (10): | 672.83 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 38.50 | |
| TEMA (21): | 650.00 | |
| Williams %R (14): | -61.76 | |
| Chande Momentum Oscillator (20): | -18.69 | |
| Repulse (5,40,3): | -1.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6000 | |
| Courbe Coppock: | 25.37 |
| MA7: | 844.76 | |
| MA20: | 809.14 | |
| MA50: | 739.33 | |
| MA100: | 663.20 | |
| MAexp7: | 670.99 | |
| MAexp20: | 700.41 | |
| MAexp50: | 751.71 | |
| MAexp100: | 800.29 | |
| Price / MA7: | -20.19% | |
| Price / MA20: | -16.67% | |
| Price / MA50: | -8.81% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | -3.74% | |
| Price / MAexp50: | -10.31% | |
| Price / MAexp100: | -15.75% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis MAKER - MKR/USDT - 1H