MAKER - MKR/USD
MAKER - MKR/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: MKRUSD
ISIN:

MAKER - MKR/USD - 1H - Technical analysis published on 12/27/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,455.28 USD
My targets
1,490.36 USD (+1.37%)
1,564.46 USD (+6.41%)
My analysis
MAKER - MKR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,455.28 USD. The next resistance located at 1,490.36 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,564.46 USD. After this resistance, buyers could then target 2,220.80 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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.

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

Additional analysis

Quotes

MAKER - MKR/USD rating 1,470.15 USD. On the day, this instrument gained +4.43% and was between 1,397.20 USD and 1,473.65 USD. This implies that the price is at +5.22% from its lowest and at -0.24% from its highest.

1,397.20
1,473.65
1,470.15

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this MAKER - MKR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

Central Indicators

CCI indicator is overbought : over 100

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 : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,399.18 1,424.48 1,455.28 1,470.15 1,564.46 2,220.80 3,875.66
Change (%) -4.83% -3.11% -1.01% - +6.41% +51.06% +163.62%
Change -70.97 -45.67 -14.87 - +94.31 +750.65 +2,405.51
Level Intermediate Intermediate Intermediate - 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
Standard1,274.831,320.411,364.111,409.691,453.391,498.971,542.67
Camarilla1,383.251,391.431,399.621,407.801,415.981,424.171,432.35
Woodie1,273.881,319.941,363.161,409.221,452.441,498.501,541.72
Fibonacci1,320.411,354.521,375.591,409.691,443.801,464.871,498.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,149.601,202.281,293.641,346.321,437.681,490.361,581.72
Camarilla1,345.391,358.591,371.801,385.001,398.201,411.411,424.61
Woodie1,168.941,211.951,312.981,355.991,457.021,500.031,601.06
Fibonacci1,202.281,257.301,291.301,346.321,401.341,435.341,490.36


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,028.551,139.241,334.221,444.911,639.891,750.581,945.56
Camarilla1,445.141,473.161,501.181,529.201,557.221,585.241,613.26
Woodie1,070.701,160.311,376.371,465.981,682.041,771.651,987.71
Fibonacci1,139.241,256.011,328.141,444.911,561.681,633.811,750.58

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): 66.47
MACD (12,26,9): 9.8100
Directional Movement: 16.44
AROON (14): 100.00
DEMA (21): 1,438.67
Parabolic SAR (0,02-0,02-0,2): 1,377.52
Elder Ray (13): 30.82
Super Trend (3,10): 1,417.78
Zig ZAG (10): 1,472.70
VORTEX (21): 1.0200
Stochastique (14,3,5): 98.28
TEMA (21): 1,447.90
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 65.85
Repulse (5,40,3): 3.1900
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 5.08
MA7: 1,392.45
MA20: 1,367.67
MA50: 1,403.40
MA100: 1,401.60
MAexp7: 1,445.60
MAexp20: 1,428.47
MAexp50: 1,419.01
MAexp100: 1,404.67
Price / MA7: +5.58%
Price / MA20: +7.49%
Price / MA50: +4.76%
Price / MA100: +4.89%
Price / MAexp7: +1.70%
Price / MAexp20: +2.92%
Price / MAexp50: +3.60%
Price / MAexp100: +4.66%

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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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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