MAKER - MKR/USDT - 15 min. - Technical analysis published on 02/14/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 738.90 USDT
My targets
801.74 USDT (+6.61%)
819.89 USDT (+9.03%)
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/USDT. As long as you are above the support located at 738.90 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 801.74 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 819.89 USDT as an objective. Crossing it would then enable buyers to target 870.25 USDT. If the support 738.90 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1
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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 752.02 USDT. The price is lower by -2.28% since the last closing and was traded between 732.16 USDT and 774.10 USDT over the period. The price is currently at +2.71% from its lowest and -2.85% from its highest.732.16
774.10
752.02
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 MAKER - MKR/USDT in 15 min. shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
Three white soldiers
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 697.80 | 714.18 | 733.88 | 752.02 | 761.82 | 779.47 | 818.04 |
| Change (%) | -7.21% | -5.03% | -2.41% | - | +1.30% | +3.65% | +8.78% |
| Change | -54.22 | -37.84 | -18.14 | - | +9.80 | +27.45 | +66.02 |
| 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): | 60.00 | |
| MACD (12,26,9): | 1.6700 | |
| Directional Movement: | 9.90 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 755.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 762.63 | |
| Elder Ray (13): | 4.70 | |
| Super Trend (3,10): | 743.85 | |
| Zig ZAG (10): | 754.73 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 39.47 | |
| TEMA (21): | 753.94 | |
| Williams %R (14): | -61.45 | |
| Chande Momentum Oscillator (20): | -2.96 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.53 |
| MA7: | 734.37 | |
| MA20: | 699.98 | |
| MA50: | 646.83 | |
| MA100: | 641.08 | |
| MAexp7: | 754.00 | |
| MAexp20: | 753.06 | |
| MAexp50: | 750.16 | |
| MAexp100: | 745.36 | |
| Price / MA7: | +2.40% | |
| Price / MA20: | +7.43% | |
| Price / MA50: | +16.26% | |
| Price / MA100: | +17.31% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.89% |
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.
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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