MAKER - MKR/BTC - 1H - Technical analysis published on 10/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.048559 BTC
My targets
0.046480 BTC (-1.48%)
0.042699 BTC (-9.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MAKER - MKR/BTC. As long as you are under the resistance located at 0.048559 BTC, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.046480 BTC would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.042699 BTC as an objective. Crossing it would then enable sellers to target 0.039049 BTC. If the resistance 0.048559 BTC were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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This analysis was given by Beba1123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MAKER - MKR/BTC rating 0.047180 BTC. The price is lower by -0.29% since the last closing and was between 0.045991 BTC and 0.047828 BTC. This implies that the price is at +2.59% from its lowest and at -1.35% from its highest.0.045991
0.047828
0.047180
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this MAKER - MKR/BTC chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.039049 | 0.042699 | 0.046480 | 0.047180 | 0.048559 | 0.052373 | 0.055695 |
| Change (%) | -17.23% | -9.50% | -1.48% | - | +2.92% | +11.01% | +18.05% |
| Change | -0.008131 | -0.004481 | -0.000700 | - | +0.001379 | +0.005193 | +0.008515 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 0.041758 | 0.044412 | 0.045863 | 0.048517 | 0.049968 | 0.052622 | 0.054073 |
| Camarilla | 0.046186 | 0.046562 | 0.046939 | 0.047315 | 0.047691 | 0.048068 | 0.048444 |
| Woodie | 0.041158 | 0.044111 | 0.045263 | 0.048216 | 0.049368 | 0.052321 | 0.053473 |
| Fibonacci | 0.044412 | 0.045980 | 0.046949 | 0.048517 | 0.050085 | 0.051054 | 0.052622 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032422 | 0.035102 | 0.040186 | 0.042866 | 0.047950 | 0.050630 | 0.055714 |
| Camarilla | 0.043134 | 0.043846 | 0.044557 | 0.045269 | 0.045981 | 0.046692 | 0.047404 |
| Woodie | 0.033623 | 0.035703 | 0.041387 | 0.043467 | 0.049151 | 0.051231 | 0.056915 |
| Fibonacci | 0.035102 | 0.038068 | 0.039901 | 0.042866 | 0.045832 | 0.047665 | 0.050630 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023873 | 0.027580 | 0.032786 | 0.036493 | 0.041699 | 0.045406 | 0.050612 |
| Camarilla | 0.035540 | 0.036357 | 0.037174 | 0.037991 | 0.038808 | 0.039625 | 0.040442 |
| Woodie | 0.024622 | 0.027955 | 0.033535 | 0.036868 | 0.042448 | 0.045781 | 0.051361 |
| Fibonacci | 0.027580 | 0.030985 | 0.033089 | 0.036493 | 0.039898 | 0.042002 | 0.045406 |
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): | 50.47 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -2.012827 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.046514 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.046118 | |
| Elder Ray (13): | 0.000321 | |
| Super Trend (3,10): | 0.047797 | |
| Zig ZAG (10): | 0.047137 | |
| VORTEX (21): | 0.9979 | |
| Stochastique (14,3,5): | 82.12 | |
| TEMA (21): | 0.046639 | |
| Williams %R (14): | -10.49 | |
| Chande Momentum Oscillator (20): | 0.000293 | |
| Repulse (5,40,3): | 1.1109 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1297 | |
| Courbe Coppock: | 1.25 |
| MA7: | 0.048564 | |
| MA20: | 0.042818 | |
| MA50: | 0.038643 | |
| MA100: | 0.041229 | |
| MAexp7: | 0.046862 | |
| MAexp20: | 0.046960 | |
| MAexp50: | 0.047625 | |
| MAexp100: | 0.047855 | |
| Price / MA7: | -2.85% | |
| Price / MA20: | +10.19% | |
| Price / MA50: | +22.09% | |
| Price / MA100: | +14.43% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -1.41% |
Quotes :
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Real time data
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Cryptocompare
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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