MAKER - MKR/USDT - 1H - Technical analysis published on 02/14/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 714.18 USDT
My targets
761.82 USDT (+4.23%)
779.47 USDT (+6.64%)
My analysis
The basic trend is bullish on MAKER - MKR/USDT and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 714.18 USDT. Sellers would then use the next support located at 697.80 USDT as an objective. Crossing it would then enable sellers to target 674.73 USDT. If there is a return to above the resistance located at 761.82 USDT, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 779.47 USDT and 818.04 USDT by extension.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4
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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 730.92 USDT. The price is lower by -5.02% since the last closing and was between 728.96 USDT and 774.10 USDT. This implies that the price is at +0.27% from its lowest and at -5.58% from its highest.728.96
774.10
730.92
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
A technical analysis in 1H of this MAKER - MKR/USDT chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
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 a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 674.73 | 697.80 | 714.18 | 730.92 | 733.88 | 761.82 | 779.47 |
| Change (%) | -7.69% | -4.53% | -2.29% | - | +0.40% | +4.23% | +6.64% |
| Change | -56.19 | -33.12 | -16.74 | - | +2.96 | +30.90 | +48.55 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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): | 49.45 | |
| MACD (12,26,9): | 3.7200 | |
| Directional Movement: | 7.56 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 754.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 770.93 | |
| Elder Ray (13): | -5.59 | |
| Super Trend (3,10): | 719.80 | |
| Zig ZAG (10): | 740.65 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 26.51 | |
| TEMA (21): | 747.76 | |
| Williams %R (14): | -98.21 | |
| Chande Momentum Oscillator (20): | -10.98 | |
| Repulse (5,40,3): | -3.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.19 |
| MA7: | 730.25 | |
| MA20: | 699.52 | |
| MA50: | 646.65 | |
| MA100: | 640.97 | |
| MAexp7: | 745.70 | |
| MAexp20: | 748.32 | |
| MAexp50: | 738.04 | |
| MAexp100: | 730.91 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | +4.49% | |
| Price / MA50: | +13.03% | |
| Price / MA100: | +14.03% | |
| Price / MAexp7: | -1.98% | |
| Price / MAexp20: | -2.32% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | +0.00% |
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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