MAKER - MKR/USD
MAKER - MKR/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MKRUSD
ISIN:

MAKER - MKR/USD - 1H - Technical analysis published on 04/12/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 721.96 USD
My targets
733.79 USD (+0.99%)
752.93 USD (+3.62%)
My analysis
MAKER - MKR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 721.96 USD. The next resistance located at 733.79 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 752.93 USD. After this resistance, buyers could then target 789.29 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

MAKER - MKR/USD rating 726.60 USD. The price registered a decrease of -0.11% on the session and was traded between 692.79 USD and 747.06 USD over the period. The price is currently at +4.88% from its lowest and -2.74% from its highest.

692.79
747.06
726.60

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


A technical analysis in 1H of this MAKER - MKR/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 697.07 713.81 721.96 726.60 733.79 752.93 789.29
Change (%) -4.06% -1.76% -0.64% - +0.99% +3.62% +8.63%
Change -29.53 -12.79 -4.64 - +7.19 +26.33 +62.69
Level Intermediate Minor Minor - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard696.24704.97716.19724.92736.14744.87756.09
Camarilla721.92723.75725.58727.41729.24731.07732.90
Woodie697.49705.59717.44725.54737.39745.49757.34
Fibonacci704.97712.59717.30724.92732.54737.25744.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard550.54603.64646.74699.84742.94796.04839.14
Camarilla663.40672.21681.03689.85698.67707.49716.31
Woodie545.55601.14641.75697.34737.95793.54834.15
Fibonacci603.64640.39663.09699.84736.59759.29796.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard117.13358.57526.93768.37936.731,178.171,346.53
Camarilla582.59620.15657.72695.28732.85770.41807.98
Woodie80.58340.30490.38750.10900.181,159.901,309.98
Fibonacci358.57515.12611.83768.37924.921,021.631,178.17

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): 53.77
MACD (12,26,9): 0.8600
Directional Movement: 14.02
AROON (14): -71.43
DEMA (21): 717.18
Parabolic SAR (0,02-0,02-0,2): 705.33
Elder Ray (13): 3.40
Super Trend (3,10): 729.47
Zig ZAG (10): 709.17
VORTEX (21): 0.9800
Stochastique (14,3,5): 24.87
TEMA (21): 714.75
Williams %R (14): -50.95
Chande Momentum Oscillator (20): -10.34
Repulse (5,40,3): -3.6100
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 2.01
MA7: 711.99
MA20: 691.08
MA50: 752.19
MA100: 715.13
MAexp7: 719.54
MAexp20: 717.46
MAexp50: 716.13
MAexp100: 711.28
Price / MA7: +2.05%
Price / MA20: +5.14%
Price / MA50: -3.40%
Price / MA100: +1.60%
Price / MAexp7: +0.98%
Price / MAexp20: +1.27%
Price / MAexp50: +1.46%
Price / MAexp100: +2.15%

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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