MAKER - MKR/USD - 1H - Technical analysis published on 06/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 703.99 USD
My targets
683.25 USD (-0.80%)
668.94 USD (-2.87%)
My analysis
The bearish basic trend is very strong on MAKER - MKR/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 703.99 USD. Crossing the first support at 683.25 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 668.94 USD as an objective. Crossing it would then enable sellers to target 617.52 USD. Caution, a return to above the resistance located at 703.99 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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Additional analysis
Quotes
The MAKER - MKR/USD price is 688.73 USD. The price registered a decrease of -0.02% on the session and was between 678.05 USD and 707.44 USD. This implies that the price is at +1.58% from its lowest and at -2.64% from its highest.678.05
707.44
688.73
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Technical
Technical analysis of MAKER - MKR/USD in 1H shows a overall strongly bearish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 617.52 | 668.94 | 683.25 | 688.73 | 691.04 | 703.99 | 725.13 |
| Change (%) | -10.34% | -2.87% | -0.80% | - | +0.34% | +2.22% | +5.29% |
| Change | -71.21 | -19.79 | -5.48 | - | +2.31 | +15.26 | +36.40 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | 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 | 626.65 | 647.54 | 668.20 | 689.09 | 709.75 | 730.64 | 751.30 |
| Camarilla | 677.44 | 681.25 | 685.06 | 688.87 | 692.68 | 696.49 | 700.30 |
| Woodie | 626.55 | 647.48 | 668.10 | 689.03 | 709.65 | 730.58 | 751.20 |
| Fibonacci | 647.54 | 663.41 | 673.22 | 689.09 | 704.96 | 714.77 | 730.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 536.89 | 601.11 | 641.43 | 705.65 | 745.97 | 810.19 | 850.51 |
| Camarilla | 653.01 | 662.59 | 672.18 | 681.76 | 691.34 | 700.93 | 710.51 |
| Woodie | 524.95 | 595.14 | 629.49 | 699.68 | 734.03 | 804.22 | 838.57 |
| Fibonacci | 601.11 | 641.04 | 665.71 | 705.65 | 745.58 | 770.25 | 810.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 510.62 | 555.13 | 595.47 | 639.98 | 680.32 | 724.83 | 765.17 |
| Camarilla | 612.49 | 620.26 | 628.04 | 635.82 | 643.60 | 651.38 | 659.15 |
| Woodie | 508.55 | 554.09 | 593.40 | 638.94 | 678.25 | 723.79 | 763.10 |
| Fibonacci | 555.13 | 587.54 | 607.56 | 639.98 | 672.39 | 692.41 | 724.83 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.01 | |
| MACD (12,26,9): | -1.9200 | |
| Directional Movement: | -7.43 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 685.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 699.78 | |
| Elder Ray (13): | -1.16 | |
| Super Trend (3,10): | 698.91 | |
| Zig ZAG (10): | 687.35 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 43.81 | |
| TEMA (21): | 685.66 | |
| Williams %R (14): | -43.53 | |
| Chande Momentum Oscillator (20): | -4.37 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.14 |
| MA7: | 711.81 | |
| MA20: | 673.60 | |
| MA50: | 652.98 | |
| MA100: | 677.52 | |
| MAexp7: | 686.40 | |
| MAexp20: | 688.00 | |
| MAexp50: | 692.30 | |
| MAexp100: | 699.03 | |
| Price / MA7: | -3.24% | |
| Price / MA20: | +2.25% | |
| Price / MA50: | +5.47% | |
| Price / MA100: | +1.65% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | -0.52% | |
| Price / MAexp100: | -1.47% |
Quotes :
-
Real time data
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