MAKER - MKR/USDT - 1H - Technical analysis published on 05/06/2023 (GMT)
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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:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 696.90 USDT
My targets
675.85 USDT (-2.30%)
627.88 USDT (-9.24%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MAKER - MKR/USDT as long as the price remains well below 696.90 USDT. The sellers' bearish objective is set at 675.85 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 627.88 USDT. In case of crossing, the next objective would be the support located at 556.61 USDT.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.1
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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 691.79 USDT. On the day, this instrument lost -4.67% with the lowest point at 687.19 USDT and the highest point at 733.69 USDT. The deviation from the price is +0.67% for the low point and -5.71% for the high point.687.19
733.69
691.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MAKER - MKR/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 503.71 | 556.61 | 675.85 | 691.79 | 696.90 | 704.65 | 715.31 |
| Change (%) | -27.19% | -19.54% | -2.30% | - | +0.74% | +1.86% | +3.40% |
| Change | -188.08 | -135.18 | -15.94 | - | +5.11 | +12.86 | +23.52 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 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): | 22.43 | |
| MACD (12,26,9): | -3.9100 | |
| Directional Movement: | -26.01 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 705.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 707.06 | |
| Elder Ray (13): | -17.06 | |
| Super Trend (3,10): | 705.29 | |
| Zig ZAG (10): | 688.90 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 5.57 | |
| TEMA (21): | 698.60 | |
| Williams %R (14): | -92.71 | |
| Chande Momentum Oscillator (20): | -31.03 | |
| Repulse (5,40,3): | -1.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 6.24 |
| MA7: | 699.82 | |
| MA20: | 707.12 | |
| MA50: | 702.63 | |
| MA100: | 728.85 | |
| MAexp7: | 700.28 | |
| MAexp20: | 708.29 | |
| MAexp50: | 707.09 | |
| MAexp100: | 703.80 | |
| Price / MA7: | -1.15% | |
| Price / MA20: | -2.17% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -5.08% | |
| Price / MAexp7: | -1.21% | |
| Price / MAexp20: | -2.33% | |
| Price / MAexp50: | -2.16% | |
| Price / MAexp100: | -1.71% |
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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