Londinia Opportunities Analyses - 09/25/2022 (GMT) MAKER - MKR/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | MKRUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 688.59 USDT
My targets
717.96 USDT (+2.65%)
761.07 USDT (+8.82%)
My analysis
The bullish trend is currently very strong on MAKER - MKR/USDT. As long as the price remains above the support at 688.59 USDT, you could try to benefit from the boom. The first bullish objective is located at 717.96 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 761.07 USDT as an objective. Crossing it would then enable buyers to target 1,048.79 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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.
Additional analysis
Quotes
The MAKER - MKR/USDT price is 699.40 USDT. The price registered an increase of +2.93% on the session and was traded between 675.08 USDT and 711.69 USDT over the period. The price is currently at +3.60% from its lowest and -1.73% from its highest.675.08
711.69
699.40
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical analysis of this 1H chart of MAKER - MKR/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 652.38 | 675.19 | 688.59 | 699.40 | 761.07 | 1,048.79 | 1,572.96 |
| Change (%) | -6.72% | -3.46% | -1.55% | - | +8.82% | +49.96% | +124.90% |
| Change | -47.02 | -24.21 | -10.81 | - | +61.67 | +349.39 | +873.56 |
| Level | Intermediate | Minor | 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 | 648.76 | 658.61 | 669.05 | 678.90 | 689.34 | 699.19 | 709.63 |
| Camarilla | 673.91 | 675.77 | 677.63 | 679.49 | 681.35 | 683.21 | 685.07 |
| Woodie | 649.06 | 658.76 | 669.35 | 679.05 | 689.64 | 699.34 | 709.93 |
| Fibonacci | 658.61 | 666.36 | 671.15 | 678.90 | 686.65 | 691.44 | 699.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 505.68 | 544.14 | 611.82 | 650.28 | 717.96 | 756.42 | 824.10 |
| Camarilla | 650.30 | 660.03 | 669.76 | 679.49 | 689.22 | 698.95 | 708.68 |
| Woodie | 520.28 | 551.45 | 626.42 | 657.59 | 732.56 | 763.73 | 838.70 |
| Fibonacci | 544.14 | 584.69 | 609.74 | 650.28 | 690.83 | 715.88 | 756.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.20 | 416.41 | 588.99 | 904.20 | 1,076.78 | 1,391.99 | 1,564.57 |
| Camarilla | 627.42 | 672.13 | 716.85 | 761.56 | 806.27 | 850.99 | 895.70 |
| Woodie | 29.88 | 380.75 | 517.67 | 868.54 | 1,005.46 | 1,356.33 | 1,493.25 |
| Fibonacci | 416.41 | 602.75 | 717.87 | 904.20 | 1,090.54 | 1,205.66 | 1,391.99 |
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): | 58.52 | |
| MACD (12,26,9): | 4.6800 | |
| Directional Movement: | 12.35 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 694.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 688.54 | |
| Elder Ray (13): | 2.06 | |
| Super Trend (3,10): | 686.06 | |
| Zig ZAG (10): | 693.26 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 46.02 | |
| TEMA (21): | 694.76 | |
| Williams %R (14): | -55.50 | |
| Chande Momentum Oscillator (20): | 7.42 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 3.51 |
| MA7: | 645.81 | |
| MA20: | 689.75 | |
| MA50: | 810.89 | |
| MA100: | 889.90 | |
| MAexp7: | 693.43 | |
| MAexp20: | 688.51 | |
| MAexp50: | 678.08 | |
| MAexp100: | 665.04 | |
| Price / MA7: | +8.30% | |
| Price / MA20: | +1.40% | |
| Price / MA50: | -13.75% | |
| Price / MA100: | -21.41% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | +1.48% | |
| Price / MAexp50: | +3.04% | |
| Price / MAexp100: | +5.06% |
Quotes :
-
Real time data
-
Cryptocompare