MAKER - MKR/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MKRUSD
ISIN:

MAKER - MKR/USD - 1H - Technical analysis published on 02/17/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

61%

39%

My opinion

Neutral between 2,032.25 USD and 2,102.00 USD

My targets

My analysis

The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 2,032.25 USD. The first resistance is located at 2,102.00 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by MAKER - MKR/USD.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 2,078.69 USD. On the day, this instrument lost -0.14% and was between 2,074.17 USD and 2,099.97 USD. This implies that the price is at +0.22% from its lowest and at -1.01% from its highest.

2,074.17

2,099.97

2,078.69

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of MAKER - MKR/USD in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish 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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,994.61	2,032.25	2,072.08	2,078.69	2,102.00	2,144.73	2,408.31
Change (%)	-4.04%	-2.23%	-0.32%	-	+1.12%	+3.18%	+15.86%
Change	-84.08	-46.44	-6.61	-	+23.31	+66.04	+329.62
Level	Intermediate	Major	Minor	-	Minor	Major	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	1,929.42	1,979.13	2,030.35	2,080.06	2,131.28	2,180.99	2,232.21
Camarilla	2,053.81	2,063.07	2,072.32	2,081.57	2,090.82	2,100.07	2,109.33
Woodie	1,930.18	1,979.51	2,031.11	2,080.44	2,132.04	2,181.37	2,232.97
Fibonacci	1,979.13	2,017.69	2,041.51	2,080.06	2,118.62	2,142.44	2,180.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,818.89	1,863.67	1,934.71	1,979.49	2,050.53	2,095.31	2,166.35
Camarilla	1,973.90	1,984.52	1,995.13	2,005.75	2,016.37	2,026.98	2,037.60
Woodie	1,832.02	1,870.24	1,947.84	1,986.06	2,063.66	2,101.88	2,179.48
Fibonacci	1,863.67	1,907.91	1,935.25	1,979.49	2,023.73	2,051.07	2,095.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	873.63	1,212.46	1,585.90	1,924.73	2,298.17	2,637.00	3,010.44
Camarilla	1,763.47	1,828.76	1,894.05	1,959.34	2,024.63	2,089.92	2,155.21
Woodie	890.94	1,221.11	1,603.21	1,933.38	2,315.48	2,645.65	3,027.75
Fibonacci	1,212.46	1,484.55	1,652.64	1,924.73	2,196.82	2,364.91	2,637.00

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):	55.20
MACD (12,26,9):	2.9700
Directional Movement:	9.04
AROON (14):	42.85
DEMA (21):	2,089.62
Parabolic SAR (0,02-0,02-0,2):	2,079.96
Elder Ray (13):	7.00
Super Trend (3,10):	2,114.65
Zig ZAG (10):	2,091.54
VORTEX (21):	1.1000
Stochastique (14,3,5):	66.86
TEMA (21):	2,092.04
Williams %R (14):	-24.07
Chande Momentum Oscillator (20):	11.66
Repulse (5,40,3):	0.4400
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	1.19

MA7:	2,074.35
MA20:	2,010.86
MA50:	1,955.98
MA100:	1,684.49
MAexp7:	2,089.57
MAexp20:	2,085.60
MAexp50:	2,083.89
MAexp100:	2,074.96
Price / MA7:	+0.21%
Price / MA20:	+3.37%
Price / MA50:	+6.27%
Price / MA100:	+23.40%
Price / MAexp7:	-0.52%
Price / MAexp20:	-0.33%
Price / MAexp50:	-0.25%
Price / MAexp100:	+0.18%

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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