MAKER - MKR/USDT - Daily - Technical analysis published on 01/24/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 1,831.04 USDT
My targets
2,218.25 USDT (+7.23%)
2,393.64 USDT (+15.71%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MAKER - MKR/USDT as long as the price remains well above 1,831.04 USDT. The buyers' bullish objective is set at 2,218.25 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,393.64 USDT. If there is any crossing, the next objective would be the resistance located at 3,303.40 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The MAKER - MKR/USDT price is 2,068.69 USDT. The price has increased by +7.13% since the last closing with the lowest point at 1,923.07 USDT and the highest point at 2,088.03 USDT. The deviation from the price is +7.57% for the low point and -0.93% for the high point.1,923.07
2,088.03
2,068.69
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:
Technical
A technical analysis in Daily of this MAKER - MKR/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,287.05 | 1,549.65 | 1,831.04 | 2,068.69 | 2,218.25 | 3,303.40 | 3,875.75 |
| Change (%) | -37.78% | -25.09% | -11.49% | - | +7.23% | +59.69% | +87.35% |
| Change | -781.64 | -519.04 | -237.65 | - | +149.56 | +1,234.71 | +1,807.06 |
| Level | Major | Major | Minor | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,744.39 | 1,803.28 | 1,867.17 | 1,926.06 | 1,989.95 | 2,048.84 | 2,112.73 |
| Camarilla | 1,897.30 | 1,908.55 | 1,919.81 | 1,931.06 | 1,942.32 | 1,953.57 | 1,964.83 |
| Woodie | 1,746.89 | 1,804.53 | 1,869.67 | 1,927.31 | 1,992.45 | 2,050.09 | 2,115.23 |
| Fibonacci | 1,803.28 | 1,850.18 | 1,879.16 | 1,926.06 | 1,972.96 | 2,001.94 | 2,048.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,654.07 | 1,773.16 | 1,872.54 | 1,991.63 | 2,091.01 | 2,210.10 | 2,309.48 |
| Camarilla | 1,911.84 | 1,931.87 | 1,951.89 | 1,971.92 | 1,991.95 | 2,011.97 | 2,032.00 |
| Woodie | 1,644.22 | 1,768.23 | 1,862.69 | 1,986.70 | 2,081.16 | 2,205.17 | 2,299.63 |
| Fibonacci | 1,773.16 | 1,856.62 | 1,908.17 | 1,991.63 | 2,075.09 | 2,126.64 | 2,210.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 878.52 | 1,066.69 | 1,383.56 | 1,571.73 | 1,888.60 | 2,076.77 | 2,393.64 |
| Camarilla | 1,561.53 | 1,607.83 | 1,654.13 | 1,700.42 | 1,746.72 | 1,793.01 | 1,839.31 |
| Woodie | 942.86 | 1,098.87 | 1,447.90 | 1,603.91 | 1,952.94 | 2,108.95 | 2,457.98 |
| Fibonacci | 1,066.69 | 1,259.62 | 1,378.81 | 1,571.73 | 1,764.66 | 1,883.85 | 2,076.77 |
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): | 66.28 | |
| MACD (12,26,9): | 92.7800 | |
| Directional Movement: | 14.06 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 2,055.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,221.65 | |
| Elder Ray (13): | 39.37 | |
| Super Trend (3,10): | 1,666.14 | |
| Zig ZAG (10): | 2,062.03 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 35.10 | |
| TEMA (21): | 2,051.84 | |
| Williams %R (14): | -50.93 | |
| Chande Momentum Oscillator (20): | 35.11 | |
| Repulse (5,40,3): | 6.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9900 | |
| Courbe Coppock: | 10.42 |
| MA7: | 1,977.47 | |
| MA20: | 1,951.66 | |
| MA50: | 1,656.06 | |
| MA100: | 1,534.18 | |
| MAexp7: | 1,987.22 | |
| MAexp20: | 1,921.25 | |
| MAexp50: | 1,744.81 | |
| MAexp100: | 1,581.75 | |
| Price / MA7: | +4.61% | |
| Price / MA20: | +6.00% | |
| Price / MA50: | +24.92% | |
| Price / MA100: | +34.84% | |
| Price / MAexp7: | +4.10% | |
| Price / MAexp20: | +7.67% | |
| Price / MAexp50: | +18.56% | |
| Price / MAexp100: | +30.78% |
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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