MAKER - MKR/USD

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- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MKRUSD
ISIN:

MAKER - MKR/USD - Daily - Technical analysis published on 01/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 578.90 USD

My targets

436.47 USD (-14.95%)

424.52 USD (-17.28%)

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 578.90 USD. The sellers' bearish objective is set at 436.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 424.52 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.8

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

Additional analysis

Quotes

The MAKER - MKR/USD price is 513.21 USD. The price is lower by -0.09% since the last closing and was traded between 500.87 USD and 518.95 USD over the period. The price is currently at +2.46% from its lowest and -1.11% from its highest.

500.87

518.95

513.21

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

Technical

Technical analysis of MAKER - MKR/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	424.52	513.21	591.79	732.40	895.22
Change (%)	-17.28%	-	+15.31%	+42.71%	+74.44%
Change	-88.69	-	+78.58	+219.19	+382.01
Level	Intermediate	-	Minor	Minor	Minor

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	486.99	494.65	504.16	511.82	521.33	528.99	538.50
Camarilla	508.95	510.52	512.10	513.67	515.24	516.82	518.39
Woodie	487.92	495.11	505.09	512.28	522.26	529.45	539.43
Fibonacci	494.65	501.21	505.26	511.82	518.38	522.43	528.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	446.70	476.05	493.01	522.36	539.32	568.67	585.63
Camarilla	497.24	501.48	505.73	509.97	514.22	518.46	522.71
Woodie	440.51	472.95	486.82	519.26	533.13	565.57	579.44
Fibonacci	476.05	493.74	504.67	522.36	540.05	550.98	568.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	220.53	362.96	436.47	578.90	652.41	794.84	868.35
Camarilla	450.59	470.38	490.18	509.97	529.77	549.56	569.35
Woodie	186.06	345.73	402.00	561.67	617.94	777.61	833.88
Fibonacci	362.96	445.45	496.41	578.90	661.39	712.35	794.84

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):	37.38
MACD (12,26,9):	-29.8200
Directional Movement:	-15.27
AROON (14):	-35.72
DEMA (21):	528.55
Parabolic SAR (0,02-0,02-0,2):	551.71
Elder Ray (13):	-10.31
Super Trend (3,10):	612.69
Zig ZAG (10):	549.14
VORTEX (21):	0.8300
Stochastique (14,3,5):	22.71
TEMA (21):	534.62
Williams %R (14):	-77.96
Chande Momentum Oscillator (20):	-43.75
Repulse (5,40,3):	0.2900
ROCnROLL:	2
TRIX (15,9):	-0.7500
Courbe Coppock:	17.66

MA7:	545.65
MA20:	569.37
MA50:	629.66
MA100:	746.12
MAexp7:	547.26
MAexp20:	570.63
MAexp50:	637.35
MAexp100:	722.50
Price / MA7:	-5.95%
Price / MA20:	-9.86%
Price / MA50:	-18.49%
Price / MA100:	-31.22%
Price / MAexp7:	-6.22%
Price / MAexp20:	-10.06%
Price / MAexp50:	-19.48%
Price / MAexp100:	-28.97%

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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Londinia AI

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