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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 11/13/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,359.80 USD
My targets
1,398.40 USD (+1.52%)
1,534.80 USD (+11.43%)
My analysis
The bullish trend is currently very strong on MAKER - MKR/USD. As long as the price remains above the support at 1,359.80 USD, you could try to benefit from the boom. The first bullish objective is located at 1,398.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,534.80 USD as an objective. Crossing it would then enable buyers to target 2,220.80 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The MAKER - MKR/USD price is 1,377.40 USD. The price has increased by +6.87% since the last closing and was between 1,282.90 USD and 1,378.10 USD. This implies that the price is at +7.37% from its lowest and at -0.05% from its highest.

1,282.90
1,378.10
1,377.40

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on MAKER - MKR/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this MAKER - MKR/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

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 over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,322.93 1,347.87 1,359.80 1,377.40 1,381.73 1,398.40 1,534.80
Change (%) -3.95% -2.14% -1.28% - +0.31% +1.52% +11.43%
Change -54.47 -29.53 -17.60 - +4.33 +21.00 +157.40
Level Intermediate Major Intermediate - Minor Intermediate 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
Standard1,200.481,225.241,257.081,281.841,313.681,338.441,370.28
Camarilla1,273.361,278.541,283.731,288.921,294.111,299.301,304.49
Woodie1,204.021,227.011,260.621,283.611,317.221,340.211,373.82
Fibonacci1,225.241,246.861,260.221,281.841,303.461,316.821,338.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,076.481,163.211,224.951,311.681,373.421,460.151,521.89
Camarilla1,245.871,259.481,273.091,286.701,300.311,313.921,327.53
Woodie1,064.001,156.961,212.471,305.431,360.941,453.901,509.41
Fibonacci1,163.211,219.921,254.961,311.681,368.391,403.431,460.15


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard929.851,128.321,247.551,446.021,565.251,763.721,882.95
Camarilla1,279.401,308.531,337.651,366.771,395.891,425.021,454.14
Woodie890.221,108.511,207.921,426.211,525.621,743.911,843.32
Fibonacci1,128.321,249.691,324.661,446.021,567.391,642.361,763.72

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): 76.20
MACD (12,26,9): 19.5800
Directional Movement: 18.57
AROON (14): 85.72
DEMA (21): 1,346.78
Parabolic SAR (0,02-0,02-0,2): 1,313.83
Elder Ray (13): 39.08
Super Trend (3,10): 1,320.77
Zig ZAG (10): 1,376.63
VORTEX (21): 1.2600
Stochastique (14,3,5): 93.75
TEMA (21): 1,362.39
Williams %R (14): -3.19
Chande Momentum Oscillator (20): 81.56
Repulse (5,40,3): 2.6700
ROCnROLL: 1
TRIX (15,9): 0.1200
Courbe Coppock: 7.88
MA7: 1,322.70
MA20: 1,355.75
MA50: 1,403.46
MA100: 1,282.81
MAexp7: 1,352.56
MAexp20: 1,324.49
MAexp50: 1,309.34
MAexp100: 1,309.49
Price / MA7: +4.14%
Price / MA20: +1.60%
Price / MA50: -1.86%
Price / MA100: +7.37%
Price / MAexp7: +1.84%
Price / MAexp20: +3.99%
Price / MAexp50: +5.20%
Price / MAexp100: +5.19%

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
Londinia AI

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