MAKER - MKR/USDT - Weekly - Technical analysis published on 05/06/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 788.99 USDT
My targets
503.71 USDT (-29.24%)
My analysis
The basic trend is very bearish on MAKER - MKR/USDT but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on MAKER - MKR/USDT. As long as you stay below the resistance 788.99 USDT, sellers' retain the upper hand. A break in the support at 503.71 USDT would be a signal that the basic trend will reverse. If the price were to depress the resistance 788.99 USDT in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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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 rating is 711.90 USDT. The price is up +2.72% over 5 days and was traded between 683.35 USDT and 733.69 USDT over the period. The price is currently at +4.18% from its lowest point and -2.97% from its highest point.683.35
733.69
711.90
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 this Weekly chart of MAKER - MKR/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 503.71 | 711.90 | 947.02 | 2,218.25 | 3,875.75 |
| Change (%) | -29.24% | - | +33.03% | +211.60% | +444.42% |
| Change | -208.19 | - | +235.12 | +1,506.35 | +3,163.85 |
| 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 |
|---|---|---|---|---|---|---|---|
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.90 | |
| MACD (12,26,9): | -35.0500 | |
| Directional Movement: | 1.18 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 670.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 655.71 | |
| Elder Ray (13): | -15.86 | |
| Super Trend (3,10): | 516.42 | |
| Zig ZAG (10): | 710.79 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 26.92 | |
| TEMA (21): | 752.64 | |
| Williams %R (14): | -69.64 | |
| Chande Momentum Oscillator (20): | 26.33 | |
| Repulse (5,40,3): | -2.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7500 | |
| Courbe Coppock: | 23.71 |
| MA7: | 702.70 | |
| MA20: | 708.17 | |
| MA50: | 703.05 | |
| MA100: | 729.07 | |
| MAexp7: | 717.31 | |
| MAexp20: | 731.78 | |
| MAexp50: | 935.97 | |
| MAexp100: | 1,201.80 | |
| Price / MA7: | +1.31% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | +1.26% | |
| Price / MA100: | -2.36% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -2.72% | |
| Price / MAexp50: | -23.94% | |
| Price / MAexp100: | -40.76% |
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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