MAKER - MKR/USDT - 15 min. - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 15 min.
- - 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:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1,158.62 USDT
My targets
1,081.30 USDT (-4.81%)
1,029.69 USDT (-9.36%)
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 1,158.62 USDT. The sellers' bearish objective is set at 1,081.30 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,029.69 USDT. In case of crossing, the next objective would be the support located at 952.37 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MAKER - MKR/USDT rating 1,135.99 USDT. The price registered an increase of +0.27% on the session and was between 1,118.59 USDT and 1,149.94 USDT. This implies that the price is at +1.56% from its lowest and at -1.21% from its highest.1,118.59
1,149.94
1,135.99
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 15 min. chart of MAKER - MKR/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 678.28 | 800.91 | 947.02 | 1,135.99 | 1,194.13 | 1,211.14 | 1,236.43 |
| Change (%) | -40.29% | -29.50% | -16.63% | - | +5.12% | +6.62% | +8.84% |
| Change | -457.71 | -335.08 | -188.97 | - | +58.14 | +75.15 | +100.44 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
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 | 952.37 | 1,029.69 | 1,081.30 | 1,158.62 | 1,210.23 | 1,287.55 | 1,339.16 |
| Camarilla | 1,097.46 | 1,109.28 | 1,121.10 | 1,132.92 | 1,144.74 | 1,156.56 | 1,168.38 |
| Woodie | 939.53 | 1,023.26 | 1,068.46 | 1,152.19 | 1,197.39 | 1,281.12 | 1,326.32 |
| Fibonacci | 1,029.69 | 1,078.94 | 1,109.37 | 1,158.62 | 1,207.87 | 1,238.30 | 1,287.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,072.74 | 1,124.35 | 1,174.64 | 1,226.25 | 1,276.54 | 1,328.15 | 1,378.44 |
| Camarilla | 1,196.90 | 1,206.24 | 1,215.58 | 1,224.92 | 1,234.26 | 1,243.60 | 1,252.94 |
| Woodie | 1,072.07 | 1,124.02 | 1,173.97 | 1,225.92 | 1,275.87 | 1,327.82 | 1,377.77 |
| Fibonacci | 1,124.35 | 1,163.28 | 1,187.33 | 1,226.25 | 1,265.18 | 1,289.23 | 1,328.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 356.12 | 578.57 | 902.30 | 1,124.75 | 1,448.48 | 1,670.93 | 1,994.66 |
| Camarilla | 1,075.82 | 1,125.89 | 1,175.95 | 1,226.02 | 1,276.09 | 1,326.15 | 1,376.22 |
| Woodie | 406.75 | 603.89 | 952.93 | 1,150.07 | 1,499.11 | 1,696.25 | 2,045.29 |
| Fibonacci | 578.57 | 787.21 | 916.11 | 1,124.75 | 1,333.39 | 1,462.29 | 1,670.93 |
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): | 46.38 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | -3.95 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 1,141.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,146.37 | |
| Elder Ray (13): | -2.34 | |
| Super Trend (3,10): | 1,133.61 | |
| Zig ZAG (10): | 1,139.83 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 10.73 | |
| TEMA (21): | 1,141.37 | |
| Williams %R (14): | -76.24 | |
| Chande Momentum Oscillator (20): | -5.15 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.67 |
| MA7: | 1,210.23 | |
| MA20: | 1,241.80 | |
| MA50: | 1,080.86 | |
| MA100: | 866.96 | |
| MAexp7: | 1,139.78 | |
| MAexp20: | 1,140.70 | |
| MAexp50: | 1,141.00 | |
| MAexp100: | 1,152.47 | |
| Price / MA7: | -6.13% | |
| Price / MA20: | -8.52% | |
| Price / MA50: | +5.10% | |
| Price / MA100: | +31.03% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -1.43% |
Quotes :
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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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