MAKER - MKR/USD - 1H - Technical analysis published on 05/17/2021 (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:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 4,719.38 USD
My targets
4,454.17 USD (-2.53%)
3,996.19 USD (-12.55%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MAKER - MKR/USD. As long as you are under the resistance located at 4,719.38 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4,454.17 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3,996.19 USD as an objective. Crossing it would then enable sellers to target 3,790.70 USD. If the resistance 4,719.38 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAKER - MKR/USD rating is 4,569.90 USD. The price has increased by +0.60% since the last closing with the lowest point at 4,136.25 USD and the highest point at 4,789.64 USD. The deviation from the price is +10.48% for the low point and -4.59% for the high point.4,136.25
4,789.64
4,569.90
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of MAKER - MKR/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,740.63 | 3,790.70 | 4,454.17 | 4,569.90 | 4,719.38 | 4,874.00 | 5,057.23 |
| Change (%) | -40.03% | -17.05% | -2.53% | - | +3.27% | +6.65% | +10.66% |
| Change | -1,829.27 | -779.20 | -115.73 | - | +149.48 | +304.10 | +487.33 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,479.83 | 3,842.56 | 4,192.55 | 4,555.28 | 4,905.27 | 5,268.00 | 5,617.99 |
| Camarilla | 4,346.55 | 4,411.89 | 4,477.22 | 4,542.55 | 4,607.88 | 4,673.22 | 4,738.55 |
| Woodie | 3,473.47 | 3,839.38 | 4,186.19 | 4,552.10 | 4,898.91 | 5,264.82 | 5,611.63 |
| Fibonacci | 3,842.56 | 4,114.82 | 4,283.02 | 4,555.28 | 4,827.54 | 4,995.74 | 5,268.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,340.38 | 3,397.27 | 3,996.19 | 5,053.08 | 5,652.00 | 6,708.89 | 7,307.81 |
| Camarilla | 4,139.75 | 4,291.54 | 4,443.32 | 4,595.10 | 4,746.88 | 4,898.67 | 5,050.45 |
| Woodie | 2,111.39 | 3,282.78 | 3,767.20 | 4,938.59 | 5,423.01 | 6,594.40 | 7,078.82 |
| Fibonacci | 3,397.27 | 4,029.79 | 4,420.56 | 5,053.08 | 5,685.60 | 6,076.37 | 6,708.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -332.75 | 848.34 | 2,603.64 | 3,784.73 | 5,540.03 | 6,721.12 | 8,476.42 |
| Camarilla | 3,551.43 | 3,820.60 | 4,089.77 | 4,358.94 | 4,628.11 | 4,897.28 | 5,166.45 |
| Woodie | -45.65 | 991.89 | 2,890.75 | 3,928.28 | 5,827.14 | 6,864.67 | 8,763.53 |
| Fibonacci | 848.34 | 1,970.04 | 2,663.03 | 3,784.73 | 4,906.43 | 5,599.42 | 6,721.12 |
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): | 49.40 | |
| MACD (12,26,9): | -54.1900 | |
| Directional Movement: | -2.35 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 4,388.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,594.72 | |
| Elder Ray (13): | 60.48 | |
| Super Trend (3,10): | 4,607.31 | |
| Zig ZAG (10): | 4,488.36 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 58.82 | |
| TEMA (21): | 4,392.31 | |
| Williams %R (14): | -31.93 | |
| Chande Momentum Oscillator (20): | -123.68 | |
| Repulse (5,40,3): | 2.8800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 3.95 |
| MA7: | 4,810.21 | |
| MA20: | 4,956.30 | |
| MA50: | 3,751.71 | |
| MA100: | 2,999.37 | |
| MAexp7: | 4,425.04 | |
| MAexp20: | 4,461.73 | |
| MAexp50: | 4,574.42 | |
| MAexp100: | 4,720.49 | |
| Price / MA7: | -5.00% | |
| Price / MA20: | -7.80% | |
| Price / MA50: | +21.81% | |
| Price / MA100: | +52.36% | |
| Price / MAexp7: | +3.27% | |
| Price / MAexp20: | +2.42% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -3.19% |
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.
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