MAKER - MKR/USD - 1H - Technical analysis published on 12/14/2022 (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:
Bullish
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 594.16 USD
My targets
608.97 USD (+0.91%)
618.13 USD (+2.43%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on MAKER - MKR/USD as long as the price remains well above 594.16 USD. The buyers' bullish objective is set at 608.97 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 618.13 USD. If there is any crossing, the next objective would be the resistance located at 629.02 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MAKER - MKR/USD rating 603.49 USD. The price registered a decrease of -0.08% on the session and was between 601.74 USD and 607.74 USD. This implies that the price is at +0.29% from its lowest and at -0.70% from its highest.601.74
607.74
603.49
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MAKER - MKR/USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
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 | 584.00 | 594.16 | 602.72 | 603.49 | 608.97 | 618.13 | 629.02 |
| Change (%) | -3.23% | -1.55% | -0.13% | - | +0.91% | +2.43% | +4.23% |
| Change | -19.49 | -9.33 | -0.77 | - | +5.48 | +14.64 | +25.53 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 548.01 | 561.20 | 582.59 | 595.78 | 617.17 | 630.36 | 651.75 |
| Camarilla | 594.47 | 597.64 | 600.81 | 603.98 | 607.15 | 610.32 | 613.49 |
| Woodie | 552.11 | 563.25 | 586.69 | 597.83 | 621.27 | 632.41 | 655.85 |
| Fibonacci | 561.20 | 574.41 | 582.57 | 595.78 | 608.99 | 617.15 | 630.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 451.43 | 527.08 | 570.05 | 645.70 | 688.67 | 764.32 | 807.29 |
| Camarilla | 580.41 | 591.28 | 602.16 | 613.03 | 623.90 | 634.78 | 645.65 |
| Woodie | 435.10 | 518.91 | 553.72 | 637.53 | 672.34 | 756.15 | 790.96 |
| Fibonacci | 527.08 | 572.39 | 600.38 | 645.70 | 691.01 | 719.00 | 764.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 234.55 | 423.85 | 544.62 | 733.92 | 854.69 | 1,043.99 | 1,164.76 |
| Camarilla | 580.13 | 608.55 | 636.98 | 665.40 | 693.82 | 722.25 | 750.67 |
| Woodie | 200.30 | 406.72 | 510.37 | 716.79 | 820.44 | 1,026.86 | 1,130.51 |
| Fibonacci | 423.85 | 542.29 | 615.47 | 733.92 | 852.36 | 925.54 | 1,043.99 |
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): | 55.34 | |
| MACD (12,26,9): | 2.3400 | |
| Directional Movement: | 2.33 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 605.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 608.16 | |
| Elder Ray (13): | 0.98 | |
| Super Trend (3,10): | 592.51 | |
| Zig ZAG (10): | 604.02 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 45.18 | |
| TEMA (21): | 606.87 | |
| Williams %R (14): | -43.83 | |
| Chande Momentum Oscillator (20): | -3.94 | |
| Repulse (5,40,3): | -0.7300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.98 |
| MA7: | 607.09 | |
| MA20: | 629.97 | |
| MA50: | 716.99 | |
| MA100: | 767.40 | |
| MAexp7: | 604.53 | |
| MAexp20: | 602.54 | |
| MAexp50: | 599.92 | |
| MAexp100: | 602.61 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -4.20% | |
| Price / MA50: | -15.83% | |
| Price / MA100: | -21.36% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.15% |
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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