MAKER - MKR/USDT - 1H - Technical analysis published on 05/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 704.65 USDT
My targets
730.74 USDT (+2.77%)
800.91 USDT (+12.64%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 704.65 USDT remains possible. It is advisable to trade MAKER - MKR/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 704.65 USDT. The next bullish objective for buyers is set at 730.74 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 800.91 USDT. If there is any crossing, the next objective would be the resistance located at 947.02 USDT. PS: if there is a bearish break in the support located at 704.65 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish 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
2.3
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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 711.06 USDT. The price registered a decrease of -2.02% on the session and was between 708.06 USDT and 733.69 USDT. This implies that the price is at +0.42% from its lowest and at -3.08% from its highest.708.06
733.69
711.06
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of MAKER - MKR/USDT in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. 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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 675.85 | 696.90 | 704.65 | 711.06 | 715.31 | 730.74 | 800.91 |
| Change (%) | -4.95% | -1.99% | -0.90% | - | +0.60% | +2.77% | +12.64% |
| Change | -35.21 | -14.16 | -6.41 | - | +4.25 | +19.68 | +89.85 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 653.99 | 670.34 | 698.03 | 714.38 | 742.07 | 758.42 | 786.11 |
| Camarilla | 713.60 | 717.64 | 721.67 | 725.71 | 729.75 | 733.78 | 737.82 |
| Woodie | 659.65 | 673.18 | 703.69 | 717.22 | 747.73 | 761.26 | 791.77 |
| Fibonacci | 670.34 | 687.17 | 697.56 | 714.38 | 731.21 | 741.60 | 758.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 600.06 | 627.88 | 668.07 | 695.89 | 736.08 | 763.90 | 804.09 |
| Camarilla | 689.55 | 695.78 | 702.02 | 708.25 | 714.48 | 720.72 | 726.95 |
| Woodie | 606.24 | 630.97 | 674.25 | 698.98 | 742.26 | 766.99 | 810.27 |
| Fibonacci | 627.88 | 653.86 | 669.91 | 695.89 | 721.87 | 737.92 | 763.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 462.57 | 558.52 | 625.78 | 721.73 | 788.99 | 884.94 | 952.20 |
| Camarilla | 648.15 | 663.11 | 678.07 | 693.03 | 707.99 | 722.95 | 737.91 |
| Woodie | 448.22 | 551.35 | 611.43 | 714.56 | 774.64 | 877.77 | 937.85 |
| Fibonacci | 558.52 | 620.87 | 659.39 | 721.73 | 784.08 | 822.60 | 884.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.76 | |
| MACD (12,26,9): | 2.5500 | |
| Directional Movement: | 1.34 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 720.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 724.02 | |
| Elder Ray (13): | -4.78 | |
| Super Trend (3,10): | 726.71 | |
| Zig ZAG (10): | 712.69 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 12.36 | |
| TEMA (21): | 718.79 | |
| Williams %R (14): | -81.86 | |
| Chande Momentum Oscillator (20): | -13.94 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.65 |
| MA7: | 702.87 | |
| MA20: | 708.22 | |
| MA50: | 703.07 | |
| MA100: | 729.08 | |
| MAexp7: | 715.64 | |
| MAexp20: | 715.98 | |
| MAexp50: | 709.08 | |
| MAexp100: | 704.26 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | -2.47% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.97% |
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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