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MAKER - MKR/USDT
MAKER - MKR/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MKRUSDT
ISIN:

MAKER - MKR/USDT - 15 min. - Technical analysis published on 05/06/2023 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 714.38 USDT
My targets
670.34 USDT (-2.45%)
653.99 USDT (-4.83%)
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 714.38 USDT. The sellers' bearish objective is set at 670.34 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 653.99 USDT. In case of crossing, the next objective would be the support located at 556.61 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

leron
This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

MAKER - MKR/USDT rating 687.19 USDT. On the day, this instrument lost -5.31% and was traded between 687.19 USDT and 733.69 USDT over the period. The price is currently at 0% from its lowest and -6.34% from its highest.

687.19
733.69
687.19

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this MAKER - MKR/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Grip top and dark cloud cover

Type : Bearish

Timeframe : 15 minutes


Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 503.71 556.61 675.85 687.19 696.90 704.65 715.31
Change (%) -26.70% -19.00% -1.65% - +1.41% +2.54% +4.09%
Change -183.48 -130.58 -11.34 - +9.71 +17.46 +28.12
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
Standard653.99670.34698.03714.38742.07758.42786.11
Camarilla713.60717.64721.67725.71729.75733.78737.82
Woodie659.65673.18703.69717.22747.73761.26791.77
Fibonacci670.34687.17697.56714.38731.21741.60758.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard600.06627.88668.07695.89736.08763.90804.09
Camarilla689.55695.78702.02708.25714.48720.72726.95
Woodie606.24630.97674.25698.98742.26766.99810.27
Fibonacci627.88653.86669.91695.89721.87737.92763.90


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard462.57558.52625.78721.73788.99884.94952.20
Camarilla648.15663.11678.07693.03707.99722.95737.91
Woodie448.22551.35611.43714.56774.64877.77937.85
Fibonacci558.52620.87659.39721.73784.08822.60884.94

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): 10.16
MACD (12,26,9): -6.1600
Directional Movement: -43.95
AROON (14): -100.00
DEMA (21): 693.35
Parabolic SAR (0,02-0,02-0,2): 696.27
Elder Ray (13): -9.03
Super Trend (3,10): 698.01
Zig ZAG (10): 688.90
VORTEX (21): 0.5800
Stochastique (14,3,5): 7.55
TEMA (21): 690.64
Williams %R (14): -88.76
Chande Momentum Oscillator (20): -17.89
Repulse (5,40,3): -0.1800
ROCnROLL: 2
TRIX (15,9): -0.0900
Courbe Coppock: 4.66
MA7: 699.82
MA20: 707.12
MA50: 702.63
MA100: 728.85
MAexp7: 694.00
MAexp20: 700.97
MAexp50: 708.33
MAexp100: 710.43
Price / MA7: -1.80%
Price / MA20: -2.82%
Price / MA50: -2.20%
Price / MA100: -5.72%
Price / MAexp7: -0.98%
Price / MAexp20: -1.97%
Price / MAexp50: -2.98%
Price / MAexp100: -3.27%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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