MAKER - MKR/USD - 1H - Technical analysis published on 12/17/2022 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 570.05 USD
My targets
527.08 USD (-2.05%)
451.43 USD (-16.10%)
My analysis
MAKER - MKR/USD 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 570.05 USD. The next support located at 527.08 USD 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 451.43 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The MAKER - MKR/USD price is 538.09 USD. On the day, this instrument lost -0.04% and was traded between 531.21 USD and 544.47 USD over the period. The price is currently at +1.30% from its lowest and -1.17% from its highest.531.21
544.47
538.09
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 538.09 | 574.52 | 594.16 | 609.04 |
| Change (%) | - | +6.77% | +10.42% | +13.19% |
| Change | - | +36.43 | +56.07 | +70.95 |
| Level | - | Minor | Major | Intermediate |
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 | 449.11 | 490.12 | 514.20 | 555.21 | 579.29 | 620.30 | 644.38 |
| Camarilla | 520.39 | 526.36 | 532.32 | 538.29 | 544.26 | 550.22 | 556.19 |
| Woodie | 440.66 | 485.89 | 505.75 | 550.98 | 570.84 | 616.07 | 635.93 |
| Fibonacci | 490.12 | 514.98 | 530.34 | 555.21 | 580.07 | 595.43 | 620.30 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.11 | |
| MACD (12,26,9): | -12.8500 | |
| Directional Movement: | -31.92 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 545.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 555.73 | |
| Elder Ray (13): | -15.09 | |
| Super Trend (3,10): | 561.39 | |
| Zig ZAG (10): | 539.76 | |
| VORTEX (21): | 0.6900 | |
| Stochastique (14,3,5): | 19.44 | |
| TEMA (21): | 538.59 | |
| Williams %R (14): | -88.13 | |
| Chande Momentum Oscillator (20): | -36.39 | |
| Repulse (5,40,3): | -1.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 11.10 |
| MA7: | 581.15 | |
| MA20: | 617.05 | |
| MA50: | 695.60 | |
| MA100: | 762.17 | |
| MAexp7: | 545.28 | |
| MAexp20: | 561.05 | |
| MAexp50: | 577.04 | |
| MAexp100: | 587.25 | |
| Price / MA7: | -7.41% | |
| Price / MA20: | -12.80% | |
| Price / MA50: | -22.64% | |
| Price / MA100: | -29.40% | |
| Price / MAexp7: | -1.32% | |
| Price / MAexp20: | -4.09% | |
| Price / MAexp50: | -6.75% | |
| Price / MAexp100: | -8.37% |
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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