MAKER - MKR/USDT
MAKER - MKR/USDT
1.570 USDT (-1.26%)
10/16/2024 - 17:27 Closed Real time data - CoinMarketCap
Open: 1.560
Change: -0.020
Volume: 53
Low: 1.525
High: 1.590
High / Low range: 0.065
Type: Cryptocurrencies
Ticker: MKRUSDT
ISIN:

MAKER - MKR/USDT - 1H - Technical analysis published on 05/10/2023 (GMT)

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  • 05/10/2023 - 13:02
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  • Timeframe : 1H
  • - Analysis generated on 05/10/2023 - 13:02
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Bullish above 665.29 USDT
My targets
683.10 USDT (+0.79%)
705.15 USDT (+4.05%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for MAKER - MKR/USDT as long as the price remains well above 665.29 USDT. The buyers' bullish objective is set at 683.10 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 705.15 USDT. If there is any crossing, the next objective would be the resistance located at 733.67 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 683.10 USDT. On this resistance, against the trend traders who would like to go short on MAKER - MKR/USDT with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
1.3

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.

This analysis was given by cassedre. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The MAKER - MKR/USDT price is 677.73 USDT. The price registered an increase of +1.03% on the session with the lowest point at 661.79 USDT and the highest point at 677.77 USDT. The deviation from the price is +2.41% for the low point and -0.01% for the high point.

661.79
677.77
677.73

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.

Central Gaps

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:
Created with Raphaël 2.3.0-50050100January 1st3 years1 year6 months1 month5 daysToday
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 1H of this MAKER - MKR/USDT chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 645.72 665.29 675.85 677.73 683.10 705.15 733.67
Change (%) -4.72% -1.84% -0.28% - +0.79% +4.05% +8.25%
Change -32.01 -12.44 -1.88 - +5.37 +27.42 +55.94
Level Minor Intermediate 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
Standard652.41658.08664.45670.12676.49682.16688.53
Camarilla667.52668.62669.73670.83671.93673.04674.14
Woodie652.77658.26664.81670.30676.85682.34688.89
Fibonacci658.08662.68665.52670.12674.72677.56682.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard609.86643.36666.70700.20723.54757.04780.38
Camarilla674.42679.63684.84690.05695.26700.47705.68
Woodie604.79640.82661.63697.66718.47754.50775.31
Fibonacci643.36665.07678.48700.20721.91735.32757.04


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
Created with Raphaël 2.3.0Buy8
Moving averages
Created with Raphaël 2.3.0Sell16

RSI (14): 59.69
MACD (12,26,9): -0.6000
Directional Movement: 3.35
AROON (14): 0
DEMA (21): 669.74
Parabolic SAR (0,02-0,02-0,2): 663.88
Elder Ray (13): -1.20
Super Trend (3,10): 656.28
Zig ZAG (10): 675.67
VORTEX (21): 0.9300
Stochastique (14,3,5): 38.95
TEMA (21): 670.41
Williams %R (14): -8.92
Chande Momentum Oscillator (20): 1.78
Repulse (5,40,3): 1.8800
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.73
MA7: 687.69
MA20: 692.20
MA50: 702.27
MA100: 728.24
MAexp7: 670.32
MAexp20: 670.77
MAexp50: 673.87
MAexp100: 680.24
Price / MA7: -1.45%
Price / MA20: -2.09%
Price / MA50: -3.49%
Price / MA100: -6.94%
Price / MAexp7: +1.11%
Price / MAexp20: +1.04%
Price / MAexp50: +0.57%
Price / MAexp100: -0.37%

Quotes : 05/10/2023 - 13:02 - Real time data - Cryptocompare

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

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