MAKER - MKR/USDT - 1H - Technical analysis published on 02/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 733.88 USDT
My targets
761.82 USDT (+1.41%)
779.47 USDT (+3.76%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MAKER - MKR/USDT as long as the price remains well above 733.88 USDT. The buyers' bullish objective is set at 761.82 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 779.47 USDT. If there is any crossing, the next objective would be the resistance located at 818.04 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAKER - MKR/USDT price is 751.24 USDT. The price is lower by -2.38% since the last closing and was traded between 732.16 USDT and 774.10 USDT over the period. The price is currently at +2.61% from its lowest and -2.95% from its highest.732.16
774.10
751.24
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
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:
Technical
Technical analysis of this 1H chart of MAKER - MKR/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 697.80 | 714.18 | 733.88 | 751.24 | 761.82 | 779.47 | 818.04 |
| Change (%) | -7.11% | -4.93% | -2.31% | - | +1.41% | +3.76% | +8.89% |
| Change | -53.44 | -37.06 | -17.36 | - | +10.58 | +28.23 | +66.80 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | 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 | 557.19 | 607.55 | 688.54 | 738.90 | 819.89 | 870.25 | 951.24 |
| Camarilla | 733.42 | 745.46 | 757.50 | 769.54 | 781.58 | 793.62 | 805.66 |
| Woodie | 572.52 | 615.21 | 703.87 | 746.56 | 835.22 | 877.91 | 966.57 |
| Fibonacci | 607.55 | 657.72 | 688.72 | 738.90 | 789.07 | 820.07 | 870.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 519.50 | 598.21 | 660.62 | 739.33 | 801.74 | 880.45 | 942.86 |
| Camarilla | 684.22 | 697.16 | 710.09 | 723.03 | 735.97 | 748.90 | 761.84 |
| Woodie | 511.35 | 594.14 | 652.47 | 735.26 | 793.59 | 876.38 | 934.71 |
| Fibonacci | 598.21 | 652.12 | 685.42 | 739.33 | 793.24 | 826.54 | 880.45 |
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 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): | 52.32 | |
| MACD (12,26,9): | 5.4300 | |
| Directional Movement: | 9.55 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 756.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 740.26 | |
| Elder Ray (13): | -2.17 | |
| Super Trend (3,10): | 719.80 | |
| Zig ZAG (10): | 749.70 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 47.68 | |
| TEMA (21): | 754.37 | |
| Williams %R (14): | -54.94 | |
| Chande Momentum Oscillator (20): | 8.54 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.62 |
| MA7: | 733.33 | |
| MA20: | 699.62 | |
| MA50: | 646.68 | |
| MA100: | 641.00 | |
| MAexp7: | 752.30 | |
| MAexp20: | 747.95 | |
| MAexp50: | 736.56 | |
| MAexp100: | 729.78 | |
| Price / MA7: | +2.44% | |
| Price / MA20: | +7.38% | |
| Price / MA50: | +16.17% | |
| Price / MA100: | +17.20% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +1.99% | |
| Price / MAexp100: | +2.94% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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