MAKER - MKR/USDT - Weekly - Technical analysis published on 02/08/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 1,006.05 USDT
My targets
592.95 USDT (-23.05%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1,006.05 USDT remains possible. It is advisable to trade MAKER - MKR/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1,006.05 USDT. The next bearish objective for sellers is set at 592.95 USDT. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 1,006.05 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0.9
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This analysis was given by Spider992s. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAKER - MKR/USDT rating is 770.60 USDT. Over 5 days, this instrument gained +15.10% with the lowest point at 676.92 USDT and the highest point at 818.04 USDT. The deviation from the price is +13.84% for the low point and -5.80% for the high point.676.92
818.04
770.60
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of MAKER - MKR/USDT indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 592.95 | 770.60 | 1,111.93 | 2,235.83 | 3,875.75 |
| Change (%) | -23.05% | - | +44.29% | +190.14% | +402.95% |
| Change | -177.65 | - | +341.33 | +1,465.23 | +3,105.15 |
| Level | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 605.08 | 645.04 | 717.57 | 757.53 | 830.06 | 870.02 | 942.55 |
| Camarilla | 759.16 | 769.47 | 779.78 | 790.09 | 800.40 | 810.71 | 821.03 |
| Woodie | 621.36 | 653.18 | 733.85 | 765.67 | 846.34 | 878.16 | 958.83 |
| Fibonacci | 645.04 | 688.02 | 714.56 | 757.53 | 800.51 | 827.05 | 870.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 537.56 | 579.77 | 639.29 | 681.50 | 741.02 | 783.23 | 842.75 |
| Camarilla | 670.82 | 680.15 | 689.48 | 698.80 | 708.13 | 717.45 | 726.78 |
| Woodie | 546.21 | 584.10 | 647.94 | 685.83 | 749.67 | 787.56 | 851.40 |
| Fibonacci | 579.77 | 618.63 | 642.64 | 681.50 | 720.36 | 744.37 | 783.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 283.29 | 392.79 | 524.21 | 633.71 | 765.13 | 874.63 | 1,006.05 |
| Camarilla | 589.39 | 611.47 | 633.56 | 655.64 | 677.72 | 699.81 | 721.89 |
| Woodie | 294.26 | 398.27 | 535.18 | 639.19 | 776.10 | 880.11 | 1,017.02 |
| Fibonacci | 392.79 | 484.82 | 541.68 | 633.71 | 725.74 | 782.60 | 874.63 |
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): | 48.32 | |
| MACD (12,26,9): | -101.7100 | |
| Directional Movement: | 4.50 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 569.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 502.28 | |
| Elder Ray (13): | 55.33 | |
| Super Trend (3,10): | 912.82 | |
| Zig ZAG (10): | 776.91 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 50.64 | |
| TEMA (21): | 666.61 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 118.45 | |
| Repulse (5,40,3): | 19.6800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -2.1700 | |
| Courbe Coppock: | 33.03 |
| MA7: | 716.25 | |
| MA20: | 689.42 | |
| MA50: | 625.42 | |
| MA100: | 649.58 | |
| MAexp7: | 691.76 | |
| MAexp20: | 733.56 | |
| MAexp50: | 1,059.24 | |
| MAexp100: | 1,328.00 | |
| Price / MA7: | +7.59% | |
| Price / MA20: | +11.78% | |
| Price / MA50: | +23.21% | |
| Price / MA100: | +18.63% | |
| Price / MAexp7: | +11.40% | |
| Price / MAexp20: | +5.05% | |
| Price / MAexp50: | -27.25% | |
| Price / MAexp100: | -41.97% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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