MAKER - MKR/USD - Daily - Technical analysis published on 08/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1,211.91 USD
My targets
946.40 USD (-11.40%)
800.11 USD (-25.09%)
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 1,211.91 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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Additional analysis
Quotes
The MAKER - MKR/USD rating is 1,068.13 USD. On the day, this instrument gained +2.70% and was between 1,030.92 USD and 1,068.13 USD. This implies that the price is at +3.61% from its lowest and at 0% from its highest.1,030.92
1,068.13
1,068.13
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MAKER - MKR/USD in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 725.13 | 800.11 | 946.40 | 1,068.13 | 1,070.10 | 1,211.91 | 1,338.24 |
| Change (%) | -32.11% | -25.09% | -11.40% | - | +0.18% | +13.46% | +25.29% |
| Change | -343.00 | -268.02 | -121.73 | - | +1.97 | +143.78 | +270.11 |
| Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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): | 43.52 | |
| MACD (12,26,9): | -30.5300 | |
| Directional Movement: | -11.95 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 1,079.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,168.05 | |
| Elder Ray (13): | -39.42 | |
| Super Trend (3,10): | 1,215.40 | |
| Zig ZAG (10): | 1,061.09 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 17.91 | |
| TEMA (21): | 1,016.44 | |
| Williams %R (14): | -74.34 | |
| Chande Momentum Oscillator (20): | -169.93 | |
| Repulse (5,40,3): | 3.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 28.09 |
| MA7: | 1,050.10 | |
| MA20: | 1,136.34 | |
| MA50: | 1,112.86 | |
| MA100: | 908.88 | |
| MAexp7: | 1,057.99 | |
| MAexp20: | 1,106.90 | |
| MAexp50: | 1,076.34 | |
| MAexp100: | 973.34 | |
| Price / MA7: | +1.72% | |
| Price / MA20: | -6.00% | |
| Price / MA50: | -4.02% | |
| Price / MA100: | +17.52% | |
| Price / MAexp7: | +0.96% | |
| Price / MAexp20: | -3.50% | |
| Price / MAexp50: | -0.76% | |
| Price / MAexp100: | +9.74% |
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.
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