MAKER - MKR/USD - 1H - Technical analysis published on 11/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1,503.41 USD
My targets
1,467.36 USD (-1.45%)
1,424.85 USD (-4.30%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MAKER - MKR/USD as long as the price remains well below 1,503.41 USD. The sellers' bearish objective is set at 1,467.36 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,424.85 USD. In case of crossing, the next objective would be the support located at 1,404.25 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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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 1,488.93 USD. On the day, this instrument lost -0.54% with the lowest point at 1,477.32 USD and the highest point at 1,500.02 USD. The deviation from the price is +0.79% for the low point and -0.74% for the high point.1,477.32
1,500.02
1,488.93
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this MAKER - MKR/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,424.85 | 1,467.36 | 1,487.49 | 1,488.93 | 1,503.41 | 1,521.67 | 1,555.15 |
| Change (%) | -4.30% | -1.45% | -0.10% | - | +0.97% | +2.20% | +4.45% |
| Change | -64.08 | -21.57 | -1.44 | - | +14.48 | +32.74 | +66.22 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,344.72 | 1,406.01 | 1,451.55 | 1,512.84 | 1,558.38 | 1,619.67 | 1,665.21 |
| Camarilla | 1,467.70 | 1,477.50 | 1,487.29 | 1,497.08 | 1,506.87 | 1,516.67 | 1,526.46 |
| Woodie | 1,336.84 | 1,402.07 | 1,443.67 | 1,508.90 | 1,550.50 | 1,615.73 | 1,657.33 |
| Fibonacci | 1,406.01 | 1,446.82 | 1,472.03 | 1,512.84 | 1,553.65 | 1,578.86 | 1,619.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,200.42 | 1,302.34 | 1,403.19 | 1,505.11 | 1,605.96 | 1,707.88 | 1,808.73 |
| Camarilla | 1,448.29 | 1,466.88 | 1,485.46 | 1,504.05 | 1,522.64 | 1,541.23 | 1,559.81 |
| Woodie | 1,199.90 | 1,302.07 | 1,402.67 | 1,504.84 | 1,605.44 | 1,707.61 | 1,808.21 |
| Fibonacci | 1,302.34 | 1,379.80 | 1,427.65 | 1,505.11 | 1,582.57 | 1,630.42 | 1,707.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 491.19 | 749.10 | 1,009.39 | 1,267.30 | 1,527.59 | 1,785.50 | 2,045.79 |
| Camarilla | 1,127.18 | 1,174.68 | 1,222.18 | 1,269.68 | 1,317.18 | 1,364.68 | 1,412.19 |
| Woodie | 492.38 | 749.70 | 1,010.58 | 1,267.90 | 1,528.78 | 1,786.10 | 2,046.98 |
| Fibonacci | 749.10 | 947.05 | 1,069.35 | 1,267.30 | 1,465.25 | 1,587.55 | 1,785.50 |
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): | 46.22 | |
| MACD (12,26,9): | -3.3300 | |
| Directional Movement: | -9.69 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 1,491.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,519.78 | |
| Elder Ray (13): | -3.38 | |
| Super Trend (3,10): | 1,527.43 | |
| Zig ZAG (10): | 1,487.83 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 33.12 | |
| TEMA (21): | 1,488.76 | |
| Williams %R (14): | -75.51 | |
| Chande Momentum Oscillator (20): | -8.94 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.20 |
| MA7: | 1,482.19 | |
| MA20: | 1,409.45 | |
| MA50: | 1,332.23 | |
| MA100: | 1,536.91 | |
| MAexp7: | 1,491.84 | |
| MAexp20: | 1,496.05 | |
| MAexp50: | 1,498.86 | |
| MAexp100: | 1,495.69 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +5.64% | |
| Price / MA50: | +11.76% | |
| Price / MA100: | -3.12% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -0.45% |
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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