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MAKER - MKR/USDT
MAKER - MKR/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MKRUSDT
ISIN:

MAKER - MKR/USDT - Weekly - Technical analysis published on 02/13/2023 (GMT)

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 874.63 USDT
My targets
592.95 USDT (-22.22%)
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 874.63 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 874.63 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 874.63 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5

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.

leron
This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The MAKER - MKR/USDT price is 762.32 USDT. The price is lower by -3.52% over the 5 days with the lowest point at 657.90 USDT and the highest point at 794.27 USDT. The deviation from the price is +15.87% for the low point and -4.02% for the high point.

657.90
794.27
762.32

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of MAKER - MKR/USDT in Weekly shows an overall bearish trend. 71.43% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 592.95 762.32 1,111.93 2,218.25 3,875.75
Change (%) -22.22% - +45.86% +190.99% +408.42%
Change -169.37 - +349.61 +1,455.93 +3,113.43
Level Major - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard612.96643.71664.22694.97715.48746.23766.74
Camarilla670.63675.33680.03684.73689.43694.13698.83
Woodie607.84641.15659.10692.41710.36743.67761.62
Fibonacci643.71663.29675.39694.97714.55726.65746.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard519.50598.21660.62739.33801.74880.45942.86
Camarilla684.22697.16710.09723.03735.97748.90761.84
Woodie511.35594.14652.47735.26793.59876.38934.71
Fibonacci598.21652.12685.42739.33793.24826.54880.45


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard283.29392.79524.21633.71765.13874.631,006.05
Camarilla589.39611.47633.56655.64677.72699.81721.89
Woodie294.26398.27535.18639.19776.10880.111,017.02
Fibonacci392.79484.82541.68633.71725.74782.60874.63

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 47.64
MACD (12,26,9): -91.9800
Directional Movement: 3.12
AROON (14): -57.14
DEMA (21): 579.97
Parabolic SAR (0,02-0,02-0,2): 508.60
Elder Ray (13): 28.93
Super Trend (3,10): 912.82
Zig ZAG (10): 755.90
VORTEX (21): 1.0300
Stochastique (14,3,5): 60.57
TEMA (21): 679.36
Williams %R (14): -19.73
Chande Momentum Oscillator (20): 116.32
Repulse (5,40,3): 12.0500
ROCnROLL: -1
TRIX (15,9): -2.0700
Courbe Coppock: 22.63
MA7: 737.37
MA20: 695.20
MA50: 642.53
MA100: 641.84
MAexp7: 698.26
MAexp20: 731.77
MAexp50: 1,045.58
MAexp100: 1,315.74
Price / MA7: +3.38%
Price / MA20: +9.65%
Price / MA50: +18.64%
Price / MA100: +18.77%
Price / MAexp7: +9.17%
Price / MAexp20: +4.17%
Price / MAexp50: -27.09%
Price / MAexp100: -42.06%

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
Londinia AI

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