MAKER - MKR/USD - 1H - Technical analysis published on 11/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 650.47 USD
My targets
632.26 USD (-2.02%)
613.14 USD (-4.98%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MAKER - MKR/USD as long as the price remains well below 650.47 USD. The next bearish objective for sellers is set at 632.26 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 613.14 USD. If there is any crossing, the next objective would be the support located at 594.16 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MAKER - MKR/USD rating 645.30 USD. On the day, this instrument lost -0.01% and was between 643.58 USD and 664.47 USD. This implies that the price is at +0.27% from its lowest and at -2.89% from its highest.643.58
664.47
645.30
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MAKER - MKR/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 613.14 | 632.26 | 642.29 | 645.30 | 650.47 | 658.85 | 664.27 |
| Change (%) | -4.98% | -2.02% | -0.47% | - | +0.80% | +2.10% | +2.94% |
| Change | -32.16 | -13.04 | -3.01 | - | +5.17 | +13.55 | +18.97 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 592.15 | 612.20 | 628.79 | 648.84 | 665.43 | 685.48 | 702.07 |
| Camarilla | 635.29 | 638.65 | 642.01 | 645.37 | 648.73 | 652.09 | 655.45 |
| Woodie | 590.41 | 611.34 | 627.05 | 647.98 | 663.69 | 684.62 | 700.33 |
| Fibonacci | 612.20 | 626.20 | 634.85 | 648.84 | 662.84 | 671.49 | 685.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 552.36 | 597.32 | 638.91 | 683.87 | 725.46 | 770.42 | 812.01 |
| Camarilla | 656.69 | 664.62 | 672.56 | 680.49 | 688.42 | 696.36 | 704.29 |
| Woodie | 550.67 | 596.48 | 637.22 | 683.03 | 723.77 | 769.58 | 810.32 |
| Fibonacci | 597.32 | 630.39 | 650.81 | 683.87 | 716.94 | 737.36 | 770.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 475.97 | 665.92 | 783.01 | 972.96 | 1,090.05 | 1,280.00 | 1,397.09 |
| Camarilla | 815.65 | 843.80 | 871.95 | 900.09 | 928.24 | 956.38 | 984.53 |
| Woodie | 439.53 | 647.71 | 746.57 | 954.75 | 1,053.61 | 1,261.79 | 1,360.65 |
| Fibonacci | 665.92 | 783.21 | 855.67 | 972.96 | 1,090.25 | 1,162.71 | 1,280.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.17 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 4.27 | |
| AROON (14): | 0 | |
| DEMA (21): | 648.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 660.43 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 658.78 | |
| Zig ZAG (10): | 648.45 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 29.03 | |
| TEMA (21): | 649.65 | |
| Williams %R (14): | -62.95 | |
| Chande Momentum Oscillator (20): | -2.69 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.08 |
| MA7: | 653.22 | |
| MA20: | 693.46 | |
| MA50: | 845.38 | |
| MA100: | 796.90 | |
| MAexp7: | 648.67 | |
| MAexp20: | 648.34 | |
| MAexp50: | 649.67 | |
| MAexp100: | 651.43 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -6.94% | |
| Price / MA50: | -23.67% | |
| Price / MA100: | -19.02% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -0.94% |
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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