Londinia Opportunities Analyses - 05/08/2024 (GMT) MAKER - MKR/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | MKRUSDT |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 2,849.16 USDT
My targets
2,697.01 USDT (-3.58%)
2,643.22 USDT (-5.51%)
My analysis
The bearish basic trend is very strong on MAKER - MKR/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2,849.16 USDT. Crossing the first support at 2,697.01 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 2,643.22 USDT as an objective. Crossing it would then enable sellers to target 2,550.60 USDT. Caution, a return to above the resistance located at 2,849.16 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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Additional analysis
Quotes
The MAKER - MKR/USDT price is 2,797.25 USDT. The price registered a decrease of -0.16% on the session and was between 2,795.22 USDT and 2,809.98 USDT. This implies that the price is at +0.07% from its lowest and at -0.45% from its highest.2,795.22
2,809.98
2,797.25
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this MAKER - MKR/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,643.22 | 2,697.01 | 2,791.50 | 2,797.25 | 2,849.16 | 2,899.61 | 2,966.15 |
| Change (%) | -5.51% | -3.58% | -0.21% | - | +1.86% | +3.66% | +6.04% |
| Change | -154.03 | -100.24 | -5.75 | - | +51.91 | +102.36 | +168.90 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 2,663.39 | 2,714.05 | 2,757.95 | 2,808.61 | 2,852.51 | 2,903.17 | 2,947.07 |
| Camarilla | 2,775.85 | 2,784.51 | 2,793.18 | 2,801.85 | 2,810.52 | 2,819.19 | 2,827.85 |
| Woodie | 2,660.01 | 2,712.36 | 2,754.57 | 2,806.92 | 2,849.13 | 2,901.48 | 2,943.69 |
| Fibonacci | 2,714.05 | 2,750.17 | 2,772.49 | 2,808.61 | 2,844.73 | 2,867.05 | 2,903.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,963.09 | 2,256.84 | 2,563.17 | 2,856.92 | 3,163.25 | 3,457.00 | 3,763.33 |
| Camarilla | 2,704.47 | 2,759.48 | 2,814.48 | 2,869.49 | 2,924.50 | 2,979.51 | 3,034.51 |
| Woodie | 1,969.37 | 2,259.99 | 2,569.45 | 2,860.07 | 3,169.53 | 3,460.15 | 3,769.61 |
| Fibonacci | 2,256.84 | 2,486.07 | 2,627.69 | 2,856.92 | 3,086.15 | 3,227.77 | 3,457.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 352.36 | 1,377.48 | 2,021.38 | 3,046.50 | 3,690.40 | 4,715.52 | 5,359.42 |
| Camarilla | 2,206.29 | 2,359.28 | 2,512.28 | 2,665.27 | 2,818.26 | 2,971.26 | 3,124.25 |
| Woodie | 161.74 | 1,282.18 | 1,830.76 | 2,951.20 | 3,499.78 | 4,620.22 | 5,168.80 |
| Fibonacci | 1,377.48 | 2,015.05 | 2,408.94 | 3,046.50 | 3,684.07 | 4,077.96 | 4,715.52 |
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): | 43.77 | |
| MACD (12,26,9): | -4.8500 | |
| Directional Movement: | -4.48 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 2,818.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,857.99 | |
| Elder Ray (13): | -20.93 | |
| Super Trend (3,10): | 2,868.94 | |
| Zig ZAG (10): | 2,806.22 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 16.36 | |
| TEMA (21): | 2,822.33 | |
| Williams %R (14): | -87.08 | |
| Chande Momentum Oscillator (20): | -24.86 | |
| Repulse (5,40,3): | -0.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.01 |
| MA7: | 2,840.57 | |
| MA20: | 2,884.00 | |
| MA50: | 3,191.05 | |
| MA100: | 2,707.15 | |
| MAexp7: | 2,817.77 | |
| MAexp20: | 2,825.78 | |
| MAexp50: | 2,839.85 | |
| MAexp100: | 2,848.01 | |
| Price / MA7: | -1.53% | |
| Price / MA20: | -3.01% | |
| Price / MA50: | -12.34% | |
| Price / MA100: | +3.33% | |
| Price / MAexp7: | -0.73% | |
| Price / MAexp20: | -1.01% | |
| Price / MAexp50: | -1.50% | |
| Price / MAexp100: | -1.78% |
Quotes :
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Real time data
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Cryptocompare