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 12/12/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 1,903.57 USD

My targets

2,129.38 USD (+2.14%)

2,228.76 USD (+6.91%)

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 1,903.57 USD. The next resistance located at 2,129.38 USD is the next bullish target 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 2,228.76 USD. After this resistance, buyers could then target 2,424.86 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

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 rating is 2,084.77 USD. The price registered an increase of +10.85% on the session and was traded between 1,874.36 USD and 2,088.33 USD over the period. The price is currently at +11.23% from its lowest and -0.17% from its highest.

1,874.36

2,088.33

2,084.77

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this MAKER - MKR/USD chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

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:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,554.46	1,704.20	1,903.57	2,084.77	2,129.38	2,228.76	2,424.86
Change (%)	-25.44%	-18.25%	-8.69%	-	+2.14%	+6.91%	+16.31%
Change	-530.31	-380.57	-181.20	-	+44.61	+143.99	+340.09
Level	Intermediate	Major	Minor	-	Major	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	1,563.63	1,636.20	1,758.43	1,831.00	1,953.23	2,025.80	2,148.03
Camarilla	1,827.09	1,844.95	1,862.80	1,880.66	1,898.52	1,916.37	1,934.23
Woodie	1,588.46	1,648.62	1,783.26	1,843.42	1,978.06	2,038.22	2,172.86
Fibonacci	1,636.20	1,710.61	1,756.59	1,831.00	1,905.41	1,951.39	2,025.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,159.43	1,463.71	1,816.29	2,120.57	2,473.15	2,777.43	3,130.01
Camarilla	1,988.22	2,048.44	2,108.65	2,168.86	2,229.07	2,289.28	2,349.50
Woodie	1,183.57	1,475.79	1,840.43	2,132.65	2,497.29	2,789.51	3,154.15
Fibonacci	1,463.71	1,714.63	1,869.65	2,120.57	2,371.49	2,526.51	2,777.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	332.09	719.93	1,289.92	1,677.76	2,247.75	2,635.59	3,205.58
Camarilla	1,596.52	1,684.32	1,772.12	1,859.92	1,947.72	2,035.52	2,123.32
Woodie	423.18	765.47	1,381.01	1,723.30	2,338.84	2,681.13	3,296.67
Fibonacci	719.93	1,085.82	1,311.87	1,677.76	2,043.65	2,269.70	2,635.59

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):	72.50
MACD (12,26,9):	55.5800
Directional Movement:	26.88
AROON (14):	85.72
DEMA (21):	2,052.58
Parabolic SAR (0,02-0,02-0,2):	1,993.52
Elder Ray (13):	54.82
Super Trend (3,10):	1,957.07
Zig ZAG (10):	2,072.22
VORTEX (21):	1.2800
Stochastique (14,3,5):	95.29
TEMA (21):	2,089.63
Williams %R (14):	-5.35
Chande Momentum Oscillator (20):	125.43
Repulse (5,40,3):	2.3900
ROCnROLL:	1
TRIX (15,9):	0.3900
Courbe Coppock:	16.23

MA7:	2,028.50
MA20:	1,950.47
MA50:	1,593.22
MA100:	1,532.50
MAexp7:	2,046.63
MAexp20:	1,984.97
MAexp50:	1,935.03
MAexp100:	1,960.06
Price / MA7:	+2.77%
Price / MA20:	+6.89%
Price / MA50:	+30.85%
Price / MA100:	+36.04%
Price / MAexp7:	+1.86%
Price / MAexp20:	+5.03%
Price / MAexp50:	+7.74%
Price / MAexp100:	+6.36%

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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Londinia AI

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