MAKER - MKR/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MKRUSDT
ISIN:

MAKER - MKR/USDT - Weekly - Technical analysis published on 10/19/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

83%

My opinion

Bearish under 1,286.68 USDT

My targets

1,065.34 USDT (-11.80%)

603.99 USDT (-50.00%)

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 1,286.68 USDT. The sellers' bearish objective is set at 1,065.34 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 603.99 USDT.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

5.9

Comment on the analysis

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 waqassharif. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MAKER - MKR/USDT rating 1,207.88 USDT. The price is lower by -10.92% over the 5 days with the lowest point at 1,204.90 USDT and the highest point at 1,440.72 USDT. The deviation from the price is +0.25% for the low point and -16.16% for the high point.

1,204.90

1,440.72

1,207.88

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.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of MAKER - MKR/USDT in Weekly shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Three black crows

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	603.99	1,207.88	1,286.68	1,552.66	2,434.99
Change (%)	-50.00%	-	+6.52%	+28.54%	+101.59%
Change	-603.89	-	+78.80	+344.78	+1,227.11
Level	Minor	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,161.95	1,176.19	1,190.60	1,204.84	1,219.25	1,233.49	1,247.90
Camarilla	1,197.14	1,199.77	1,202.39	1,205.02	1,207.65	1,210.27	1,212.90
Woodie	1,162.05	1,176.23	1,190.70	1,204.88	1,219.35	1,233.53	1,248.00
Fibonacci	1,176.19	1,187.13	1,193.89	1,204.84	1,215.78	1,222.54	1,233.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,109.90	1,215.59	1,285.79	1,391.48	1,461.68	1,567.37	1,637.57
Camarilla	1,307.63	1,323.75	1,339.88	1,356.00	1,372.12	1,388.25	1,404.37
Woodie	1,092.17	1,206.72	1,268.06	1,382.61	1,443.95	1,558.50	1,619.84
Fibonacci	1,215.59	1,282.78	1,324.29	1,391.48	1,458.67	1,500.18	1,567.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,065.34	1,249.26	1,409.59	1,593.51	1,753.84	1,937.76	2,098.09
Camarilla	1,475.26	1,506.82	1,538.37	1,569.93	1,601.49	1,633.04	1,664.60
Woodie	1,053.56	1,243.36	1,397.81	1,587.61	1,742.06	1,931.86	2,086.31
Fibonacci	1,249.26	1,380.76	1,462.00	1,593.51	1,725.01	1,806.25	1,937.76

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):	34.04
MACD (12,26,9):	-286.8700
Directional Movement:	-15.93
AROON (14):	-92.86
DEMA (21):	1,582.59
Parabolic SAR (0,02-0,02-0,2):	1,739.67
Elder Ray (13):	-404.28
Super Trend (3,10):	2,336.77
Zig ZAG (10):	1,204.93
VORTEX (21):	0.8100
Stochastique (14,3,5):	1.91
TEMA (21):	1,247.78
Williams %R (14):	-99.17
Chande Momentum Oscillator (20):	-1,431.59
Repulse (5,40,3):	-35.6100
ROCnROLL:	2
TRIX (15,9):	-1.1300
Courbe Coppock:	79.49

MA7:	1,277.78
MA20:	1,396.92
MA50:	1,524.77
MA100:	1,932.14
MAexp7:	1,498.80
MAexp20:	1,891.88
MAexp50:	1,987.99
MAexp100:	1,788.69
Price / MA7:	-5.47%
Price / MA20:	-13.53%
Price / MA50:	-20.78%
Price / MA100:	-37.48%
Price / MAexp7:	-19.41%
Price / MAexp20:	-36.15%
Price / MAexp50:	-39.24%
Price / MAexp100:	-32.47%

Quotes : - Real time data - Cryptocompare

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

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