MAKER - MKR/USD - 1H - Technical analysis published on 10/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1,214.52 USD
My targets
1,186.46 USD (-1.09%)
1,101.25 USD (-8.19%)
My analysis
MAKER - MKR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,214.52 USD. The next support located at 1,186.46 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,101.25 USD. Below this support, sellers could then target 604.69 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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.
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Additional analysis
Quotes
The MAKER - MKR/USD rating is 1,199.51 USD. On the day, this instrument lost -0.12% and was traded between 1,190.43 USD and 1,220.09 USD over the period. The price is currently at +0.76% from its lowest and -1.69% from its highest.1,190.43
1,220.09
1,199.51
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:
Near a new LOW record (1 year)
Type : Bearish
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:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of MAKER - MKR/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 604.69 | 1,101.25 | 1,186.46 | 1,199.51 | 1,274.24 | 1,309.20 | 1,382.54 |
| Change (%) | -49.59% | -8.19% | -1.09% | - | +6.23% | +9.14% | +15.26% |
| Change | -594.82 | -98.26 | -13.05 | - | +74.73 | +109.69 | +183.03 |
| Level | Intermediate | Minor | 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 | 1,049.81 | 1,118.14 | 1,159.52 | 1,227.85 | 1,269.23 | 1,337.56 | 1,378.94 |
| Camarilla | 1,170.74 | 1,180.80 | 1,190.85 | 1,200.91 | 1,210.97 | 1,221.02 | 1,231.08 |
| Woodie | 1,036.35 | 1,111.40 | 1,146.06 | 1,221.11 | 1,255.77 | 1,330.82 | 1,365.48 |
| Fibonacci | 1,118.14 | 1,160.05 | 1,185.94 | 1,227.85 | 1,269.76 | 1,295.65 | 1,337.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,108.86 | 1,214.52 | 1,285.08 | 1,390.74 | 1,461.30 | 1,566.96 | 1,637.52 |
| Camarilla | 1,307.17 | 1,323.32 | 1,339.48 | 1,355.63 | 1,371.78 | 1,387.94 | 1,404.09 |
| Woodie | 1,091.30 | 1,205.75 | 1,267.52 | 1,381.97 | 1,443.74 | 1,558.19 | 1,619.96 |
| Fibonacci | 1,214.52 | 1,281.84 | 1,323.43 | 1,390.74 | 1,458.06 | 1,499.65 | 1,566.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,065.18 | 1,248.93 | 1,409.37 | 1,593.12 | 1,753.56 | 1,937.31 | 2,097.75 |
| Camarilla | 1,475.16 | 1,506.71 | 1,538.26 | 1,569.81 | 1,601.36 | 1,632.91 | 1,664.46 |
| Woodie | 1,053.53 | 1,243.10 | 1,397.72 | 1,587.29 | 1,741.91 | 1,931.48 | 2,086.10 |
| Fibonacci | 1,248.93 | 1,380.41 | 1,461.64 | 1,593.12 | 1,724.60 | 1,805.83 | 1,937.31 |
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): | 39.73 | |
| MACD (12,26,9): | -6.8900 | |
| Directional Movement: | -7.94 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1,194.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,193.04 | |
| Elder Ray (13): | -5.80 | |
| Super Trend (3,10): | 1,224.27 | |
| Zig ZAG (10): | 1,196.69 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 28.53 | |
| TEMA (21): | 1,200.53 | |
| Williams %R (14): | -76.48 | |
| Chande Momentum Oscillator (20): | -8.54 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 0.78 |
| MA7: | 1,297.65 | |
| MA20: | 1,396.74 | |
| MA50: | 1,524.65 | |
| MA100: | 1,932.44 | |
| MAexp7: | 1,200.50 | |
| MAexp20: | 1,206.07 | |
| MAexp50: | 1,229.38 | |
| MAexp100: | 1,263.11 | |
| Price / MA7: | -7.56% | |
| Price / MA20: | -14.12% | |
| Price / MA50: | -21.33% | |
| Price / MA100: | -37.93% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -2.43% | |
| Price / MAexp100: | -5.04% |
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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