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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,274.83 | 1,320.41 | 1,364.11 | 1,409.69 | 1,453.39 | 1,498.97 | 1,542.67 |
| Camarilla | 1,383.25 | 1,391.43 | 1,399.62 | 1,407.80 | 1,415.98 | 1,424.17 | 1,432.35 |
| Woodie | 1,273.88 | 1,319.94 | 1,363.16 | 1,409.22 | 1,452.44 | 1,498.50 | 1,541.72 |
| Fibonacci | 1,320.41 | 1,354.52 | 1,375.59 | 1,409.69 | 1,443.80 | 1,464.87 | 1,498.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,149.60 | 1,202.28 | 1,293.64 | 1,346.32 | 1,437.68 | 1,490.36 | 1,581.72 |
| Camarilla | 1,345.39 | 1,358.59 | 1,371.80 | 1,385.00 | 1,398.20 | 1,411.41 | 1,424.61 |
| Woodie | 1,168.94 | 1,211.95 | 1,312.98 | 1,355.99 | 1,457.02 | 1,500.03 | 1,601.06 |
| Fibonacci | 1,202.28 | 1,257.30 | 1,291.30 | 1,346.32 | 1,401.34 | 1,435.34 | 1,490.36 |
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 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 :
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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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