MAKER - MKR/USD - 1H - Technical analysis published on 01/29/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1,161.52 USD
My targets
1,076.68 USD (-4.13%)
966.15 USD (-13.98%)
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 1,161.52 USD. The next bearish objective for sellers is set at 1,076.68 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 966.15 USD. If there is any crossing, the next objective would be the support located at 604.78 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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 1,123.11 USD. The price is lower by -0.44% since the last closing with the lowest point at 1,084.04 USD and the highest point at 1,140.96 USD. The deviation from the price is +3.60% for the low point and -1.56% for the high point.1,084.04
1,140.96
1,123.11
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MAKER - MKR/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by 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 on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 | 604.78 | 1,076.68 | 1,117.87 | 1,123.11 | 1,189.44 | 1,229.71 | 1,257.12 |
| Change (%) | -46.15% | -4.13% | -0.47% | - | +5.91% | +9.49% | +11.93% |
| Change | -518.33 | -46.43 | -5.24 | - | +66.33 | +106.60 | +134.01 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 1,001.29 | 1,060.11 | 1,094.06 | 1,152.88 | 1,186.83 | 1,245.65 | 1,279.60 |
| Camarilla | 1,102.51 | 1,111.01 | 1,119.52 | 1,128.02 | 1,136.52 | 1,145.03 | 1,153.53 |
| Woodie | 988.87 | 1,053.89 | 1,081.64 | 1,146.66 | 1,174.41 | 1,239.43 | 1,267.18 |
| Fibonacci | 1,060.11 | 1,095.55 | 1,117.44 | 1,152.88 | 1,188.32 | 1,210.21 | 1,245.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 966.15 | 1,091.23 | 1,161.52 | 1,286.60 | 1,356.89 | 1,481.97 | 1,552.26 |
| Camarilla | 1,178.07 | 1,195.98 | 1,213.89 | 1,231.80 | 1,249.71 | 1,267.62 | 1,285.53 |
| Woodie | 938.75 | 1,077.53 | 1,134.12 | 1,272.90 | 1,329.49 | 1,468.27 | 1,524.86 |
| Fibonacci | 1,091.23 | 1,165.87 | 1,211.97 | 1,286.60 | 1,361.24 | 1,407.34 | 1,481.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 561.03 | 1,012.06 | 1,250.66 | 1,701.69 | 1,940.29 | 2,391.32 | 2,629.92 |
| Camarilla | 1,299.60 | 1,362.82 | 1,426.03 | 1,489.25 | 1,552.47 | 1,615.68 | 1,678.90 |
| Woodie | 454.81 | 958.95 | 1,144.44 | 1,648.58 | 1,834.07 | 2,338.21 | 2,523.70 |
| Fibonacci | 1,012.06 | 1,275.50 | 1,438.26 | 1,701.69 | 1,965.13 | 2,127.89 | 2,391.32 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.95 | |
| MACD (12,26,9): | -13.1100 | |
| Directional Movement: | -21.69 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1,105.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,120.61 | |
| Elder Ray (13): | -7.10 | |
| Super Trend (3,10): | 1,138.35 | |
| Zig ZAG (10): | 1,106.94 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 38.50 | |
| TEMA (21): | 1,104.12 | |
| Williams %R (14): | -60.47 | |
| Chande Momentum Oscillator (20): | -29.25 | |
| Repulse (5,40,3): | 1.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 3.95 |
| MA7: | 1,202.29 | |
| MA20: | 1,313.75 | |
| MA50: | 1,520.91 | |
| MA100: | 1,541.30 | |
| MAexp7: | 1,115.16 | |
| MAexp20: | 1,123.00 | |
| MAexp50: | 1,147.20 | |
| MAexp100: | 1,176.24 | |
| Price / MA7: | -6.59% | |
| Price / MA20: | -14.51% | |
| Price / MA50: | -26.16% | |
| Price / MA100: | -27.13% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -2.10% | |
| Price / MAexp100: | -4.52% |
Quotes :
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Real time data
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CoinMarketCap
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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