MAKER - MKR/USD - 1H - Technical analysis published on 12/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1,494.25 USD
My targets
1,430.31 USD (-1.17%)
1,338.79 USD (-7.50%)
My analysis
In a bearish trend, the price of MAKER - MKR/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1,494.25 USD. A bearish break in the support located at 1,430.31 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 1,338.79 USD. Then 1,119.37 USD by extension. It would be safer to wait for a bearish break in the support located at 1,430.31 USD before allowing yourself to re trade short positions (for sale) on MAKER - MKR/USD. PS: if there is a bullish break in the resistance located at 1,494.25 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.2
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Additional analysis
Quotes
MAKER - MKR/USD rating 1,447.28 USD. On the day, this instrument lost -0.05% and was between 1,434.90 USD and 1,457.60 USD. This implies that the price is at +0.86% from its lowest and at -0.71% from its highest.1,434.90
1,457.60
1,447.28
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of MAKER - MKR/USD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1,119.37 | 1,338.79 | 1,430.31 | 1,447.28 | 1,453.80 | 1,494.25 | 1,520.10 |
| Change (%) | -22.66% | -7.50% | -1.17% | - | +0.45% | +3.25% | +5.03% |
| Change | -327.91 | -108.49 | -16.97 | - | +6.52 | +46.97 | +72.82 |
| Level | Minor | Major | Intermediate | - | 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 | 1,383.00 | 1,401.63 | 1,424.79 | 1,443.42 | 1,466.58 | 1,485.21 | 1,508.37 |
| Camarilla | 1,436.46 | 1,440.29 | 1,444.12 | 1,447.95 | 1,451.78 | 1,455.61 | 1,459.44 |
| Woodie | 1,385.27 | 1,402.76 | 1,427.06 | 1,444.55 | 1,468.85 | 1,486.34 | 1,510.64 |
| Fibonacci | 1,401.63 | 1,417.59 | 1,427.46 | 1,443.42 | 1,459.38 | 1,469.25 | 1,485.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,345.81 | 1,394.01 | 1,468.83 | 1,517.03 | 1,591.85 | 1,640.05 | 1,714.87 |
| Camarilla | 1,509.81 | 1,521.09 | 1,532.36 | 1,543.64 | 1,554.92 | 1,566.19 | 1,577.47 |
| Woodie | 1,359.11 | 1,400.67 | 1,482.13 | 1,523.69 | 1,605.15 | 1,646.71 | 1,728.17 |
| Fibonacci | 1,394.01 | 1,441.01 | 1,470.04 | 1,517.03 | 1,564.03 | 1,593.06 | 1,640.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,028.55 | 1,139.24 | 1,334.22 | 1,444.91 | 1,639.89 | 1,750.58 | 1,945.56 |
| Camarilla | 1,445.14 | 1,473.16 | 1,501.18 | 1,529.20 | 1,557.22 | 1,585.24 | 1,613.26 |
| Woodie | 1,070.70 | 1,160.31 | 1,376.37 | 1,465.98 | 1,682.04 | 1,771.65 | 1,987.71 |
| Fibonacci | 1,139.24 | 1,256.01 | 1,328.14 | 1,444.91 | 1,561.68 | 1,633.81 | 1,750.58 |
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): | 52.17 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | -4.77 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 1,445.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,454.98 | |
| Elder Ray (13): | 2.49 | |
| Super Trend (3,10): | 1,460.14 | |
| Zig ZAG (10): | 1,448.26 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 53.01 | |
| TEMA (21): | 1,447.72 | |
| Williams %R (14): | -41.15 | |
| Chande Momentum Oscillator (20): | -5.20 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1,479.56 | |
| MA20: | 1,471.52 | |
| MA50: | 1,415.86 | |
| MA100: | 1,362.86 | |
| MAexp7: | 1,445.93 | |
| MAexp20: | 1,445.63 | |
| MAexp50: | 1,449.09 | |
| MAexp100: | 1,461.28 | |
| Price / MA7: | -2.18% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | +2.22% | |
| Price / MA100: | +6.19% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.93% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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