MAKER - MKR/USDT - 15 min. - Technical analysis published on 05/04/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
6%
61%
33%
My opinion
Bearish under 705.34 USDT
My targets
694.34 USDT (-0.54%)
687.82 USDT (-1.47%)
My analysis
The strong short-term decrease of MAKER - MKR/USDT should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 705.34 USDT, a sale could be considered. The first bearish objective is located at 694.34 USDT. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 687.82 USDT. If there is any crossing, the next objective would be support 676.82 USDT. Caution, if there is a return to above 705.34 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.2
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAKER - MKR/USDT rating is 698.11 USDT. On the day, this instrument lost -0.10% and was traded between 696.28 USDT and 704.66 USDT over the period. The price is currently at +0.26% from its lowest and -0.93% from its highest.696.28
704.66
698.11
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:
Technical
Technical analysis of this 15 min. chart of MAKER - MKR/USDT indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 683.27 | 689.88 | 697.25 | 698.11 | 706.83 | 715.31 | 723.72 |
| Change (%) | -2.13% | -1.18% | -0.12% | - | +1.25% | +2.46% | +3.67% |
| Change | -14.84 | -8.23 | -0.86 | - | +8.72 | +17.20 | +25.61 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 670.30 | 676.82 | 687.82 | 694.34 | 705.34 | 711.86 | 722.86 |
| Camarilla | 693.99 | 695.60 | 697.20 | 698.81 | 700.42 | 702.02 | 703.63 |
| Woodie | 672.53 | 677.94 | 690.05 | 695.46 | 707.57 | 712.98 | 725.09 |
| Fibonacci | 676.82 | 683.52 | 687.65 | 694.34 | 701.04 | 705.17 | 711.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 600.06 | 627.88 | 668.07 | 695.89 | 736.08 | 763.90 | 804.09 |
| Camarilla | 689.55 | 695.78 | 702.02 | 708.25 | 714.48 | 720.72 | 726.95 |
| Woodie | 606.24 | 630.97 | 674.25 | 698.98 | 742.26 | 766.99 | 810.27 |
| Fibonacci | 627.88 | 653.86 | 669.91 | 695.89 | 721.87 | 737.92 | 763.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 462.57 | 558.52 | 625.78 | 721.73 | 788.99 | 884.94 | 952.20 |
| Camarilla | 648.15 | 663.11 | 678.07 | 693.03 | 707.99 | 722.95 | 737.91 |
| Woodie | 448.22 | 551.35 | 611.43 | 714.56 | 774.64 | 877.77 | 937.85 |
| Fibonacci | 558.52 | 620.87 | 659.39 | 721.73 | 784.08 | 822.60 | 884.94 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.05 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -10.42 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 699.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 702.03 | |
| Elder Ray (13): | -1.67 | |
| Super Trend (3,10): | 702.11 | |
| Zig ZAG (10): | 697.42 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 15.39 | |
| TEMA (21): | 698.70 | |
| Williams %R (14): | -77.92 | |
| Chande Momentum Oscillator (20): | -3.69 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.59 |
| MA7: | 699.76 | |
| MA20: | 715.69 | |
| MA50: | 703.11 | |
| MA100: | 728.59 | |
| MAexp7: | 698.90 | |
| MAexp20: | 699.68 | |
| MAexp50: | 698.95 | |
| MAexp100: | 697.75 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -2.46% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -4.18% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.05% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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