MAKER - MKR/USD - 1H - Technical analysis published on 01/06/2024 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
6%
44%
My opinion
Neutral between 1,675.62 USD and 1,770.00 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1,675.62 USD. The first resistance is located at 1,770.00 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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:
Additional analysis
Quotes
The MAKER - MKR/USD price is 1,734.30 USD. The price registered a decrease of -0.33% on the session and was between 1,725.00 USD and 1,779.70 USD. This implies that the price is at +0.54% from its lowest and at -2.55% from its highest.1,725.00
1,779.70
1,734.30
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of MAKER - MKR/USD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 1,510.62 | 1,551.51 | 1,675.62 | 1,734.30 | 1,770.00 | 1,828.90 | 1,893.71 |
| Change (%) | -12.90% | -10.54% | -3.38% | - | +2.06% | +5.45% | +9.19% |
| Change | -223.68 | -182.79 | -58.68 | - | +35.70 | +94.60 | +159.41 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1,513.15 | 1,594.08 | 1,667.05 | 1,747.98 | 1,820.95 | 1,901.88 | 1,974.85 |
| Camarilla | 1,697.71 | 1,711.82 | 1,725.92 | 1,740.03 | 1,754.14 | 1,768.25 | 1,782.35 |
| Woodie | 1,509.18 | 1,592.09 | 1,663.08 | 1,745.99 | 1,816.98 | 1,899.89 | 1,970.88 |
| Fibonacci | 1,594.08 | 1,652.87 | 1,689.19 | 1,747.98 | 1,806.77 | 1,843.09 | 1,901.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,133.24 | 1,249.62 | 1,423.83 | 1,540.21 | 1,714.42 | 1,830.80 | 2,005.01 |
| Camarilla | 1,518.13 | 1,544.77 | 1,571.40 | 1,598.04 | 1,624.68 | 1,651.32 | 1,677.95 |
| Woodie | 1,162.16 | 1,264.08 | 1,452.75 | 1,554.67 | 1,743.34 | 1,845.26 | 2,033.93 |
| Fibonacci | 1,249.62 | 1,360.63 | 1,429.21 | 1,540.21 | 1,651.22 | 1,719.80 | 1,830.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 878.57 | 1,066.77 | 1,381.41 | 1,569.61 | 1,884.25 | 2,072.45 | 2,387.09 |
| Camarilla | 1,557.78 | 1,603.87 | 1,649.97 | 1,696.06 | 1,742.15 | 1,788.25 | 1,834.34 |
| Woodie | 941.80 | 1,098.38 | 1,444.64 | 1,601.22 | 1,947.48 | 2,104.06 | 2,450.32 |
| Fibonacci | 1,066.77 | 1,258.85 | 1,377.52 | 1,569.61 | 1,761.69 | 1,880.36 | 2,072.45 |
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): | 51.41 | |
| MACD (12,26,9): | -2.3900 | |
| Directional Movement: | 1.93 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,740.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,708.89 | |
| Elder Ray (13): | 8.16 | |
| Super Trend (3,10): | 1,699.52 | |
| Zig ZAG (10): | 1,754.49 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 81.86 | |
| TEMA (21): | 1,748.65 | |
| Williams %R (14): | -24.12 | |
| Chande Momentum Oscillator (20): | 50.46 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.68 |
| MA7: | 1,751.71 | |
| MA20: | 1,531.80 | |
| MA50: | 1,474.48 | |
| MA100: | 1,436.47 | |
| MAexp7: | 1,752.96 | |
| MAexp20: | 1,747.32 | |
| MAexp50: | 1,759.58 | |
| MAexp100: | 1,752.39 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | +13.22% | |
| Price / MA50: | +17.62% | |
| Price / MA100: | +20.73% | |
| Price / MAexp7: | -1.06% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.44% | |
| Price / MAexp100: | -1.03% |
Quotes :
-
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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