MAKER - MKR/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MKRUSDT
ISIN:

MAKER - MKR/USDT - Daily - Technical analysis published on 05/04/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

22%

44%

My opinion

Bearish under 800.91 USDT

My targets

675.85 USDT (-3.19%)

556.61 USDT (-20.27%)

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 800.91 USDT. The next support located at 675.85 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 556.61 USDT. Below this support, sellers could then target 503.71 USDT.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.3

Comment on the analysis

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 leron. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MAKER - MKR/USDT rating is 698.11 USDT. The price registered a decrease of -0.10% on the session 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

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this MAKER - MKR/USDT chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by 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 does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	503.71	556.61	675.85	698.11	800.91	947.02	1,101.61
Change (%)	-27.85%	-20.27%	-3.19%	-	+14.73%	+35.65%	+57.80%
Change	-194.40	-141.50	-22.26	-	+102.80	+248.91	+403.50
Level	Major	Minor	Major	-	Intermediate	Intermediate	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	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):	46.69
MACD (12,26,9):	-6.9000
Directional Movement:	-3.61
AROON (14):	-42.86
DEMA (21):	697.88
Parabolic SAR (0,02-0,02-0,2):	726.09
Elder Ray (13):	-2.16
Super Trend (3,10):	779.19
Zig ZAG (10):	698.11
VORTEX (21):	0.9600
Stochastique (14,3,5):	48.66
TEMA (21):	695.03
Williams %R (14):	-38.69
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	0.1700
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	10.49

MA7:	699.69
MA20:	715.73
MA50:	703.13
MA100:	728.60
MAexp7:	699.25
MAexp20:	706.39
MAexp50:	715.13
MAexp100:	715.68
Price / MA7:	-0.23%
Price / MA20:	-2.46%
Price / MA50:	-0.71%
Price / MA100:	-4.18%
Price / MAexp7:	-0.16%
Price / MAexp20:	-1.17%
Price / MAexp50:	-2.38%
Price / MAexp100:	-2.46%

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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