MAKER - MKR/USD - Daily - Technical analysis published on 08/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1,070.10 USD
My targets
946.40 USD (-8.97%)
800.11 USD (-23.04%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for MAKER - MKR/USD as long as the price remains well below 1,070.10 USD. The next bearish objective for sellers is set at 946.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 800.11 USD. In case of crossing, the next objective would be the support located at 725.13 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 946.40 USD. With this support, against the trend traders who want to buy MAKER - MKR/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.4
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Additional analysis
Quotes
MAKER - MKR/USD rating 1,039.65 USD. The price registered a decrease of -0.04% on the session and was between 1,032.43 USD and 1,043.41 USD. This implies that the price is at +0.70% from its lowest and at -0.36% from its highest.1,032.43
1,043.41
1,039.65
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MAKER - MKR/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 725.13 | 800.11 | 946.40 | 1,039.65 | 1,070.10 | 1,211.91 | 1,338.24 |
| Change (%) | -30.25% | -23.04% | -8.97% | - | +2.93% | +16.57% | +28.72% |
| Change | -314.52 | -239.54 | -93.25 | - | +30.45 | +172.26 | +298.59 |
| Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
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 | 971.62 | 988.30 | 1,014.19 | 1,030.87 | 1,056.76 | 1,073.44 | 1,099.33 |
| Camarilla | 1,028.37 | 1,032.28 | 1,036.18 | 1,040.08 | 1,043.98 | 1,047.89 | 1,051.79 |
| Woodie | 976.23 | 990.60 | 1,018.80 | 1,033.17 | 1,061.37 | 1,075.74 | 1,103.94 |
| Fibonacci | 988.30 | 1,004.56 | 1,014.61 | 1,030.87 | 1,047.13 | 1,057.18 | 1,073.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 847.22 | 917.63 | 978.86 | 1,049.27 | 1,110.50 | 1,180.91 | 1,242.14 |
| Camarilla | 1,003.88 | 1,015.95 | 1,028.01 | 1,040.08 | 1,052.15 | 1,064.21 | 1,076.28 |
| Woodie | 842.62 | 915.34 | 974.26 | 1,046.98 | 1,105.90 | 1,178.62 | 1,237.54 |
| Fibonacci | 917.63 | 967.92 | 998.99 | 1,049.27 | 1,099.56 | 1,130.63 | 1,180.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 450.12 | 648.58 | 937.12 | 1,135.58 | 1,424.12 | 1,622.58 | 1,911.12 |
| Camarilla | 1,091.73 | 1,136.37 | 1,181.01 | 1,225.65 | 1,270.29 | 1,314.93 | 1,359.58 |
| Woodie | 495.15 | 671.10 | 982.15 | 1,158.10 | 1,469.15 | 1,645.10 | 1,956.15 |
| Fibonacci | 648.58 | 834.62 | 949.55 | 1,135.58 | 1,321.62 | 1,436.55 | 1,622.58 |
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): | 39.94 | |
| MACD (12,26,9): | -32.6400 | |
| Directional Movement: | -13.88 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 1,075.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,168.05 | |
| Elder Ray (13): | -43.07 | |
| Super Trend (3,10): | 1,215.40 | |
| Zig ZAG (10): | 1,034.84 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 14.93 | |
| TEMA (21): | 1,010.00 | |
| Williams %R (14): | -83.20 | |
| Chande Momentum Oscillator (20): | -195.85 | |
| Repulse (5,40,3): | -0.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 28.89 |
| MA7: | 1,046.23 | |
| MA20: | 1,135.02 | |
| MA50: | 1,112.33 | |
| MA100: | 908.61 | |
| MAexp7: | 1,051.22 | |
| MAexp20: | 1,104.34 | |
| MAexp50: | 1,075.28 | |
| MAexp100: | 972.81 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -8.40% | |
| Price / MA50: | -6.53% | |
| Price / MA100: | +14.42% | |
| Price / MAexp7: | -1.10% | |
| Price / MAexp20: | -5.86% | |
| Price / MAexp50: | -3.31% | |
| Price / MAexp100: | +6.87% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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