MAKER - MKR/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MKRUSD
ISIN:

MAKER - MKR/USD - 1H - Technical analysis published on 01/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 2,044.17 USD

My targets

2,089.49 USD (+0.73%)

2,220.80 USD (+7.06%)

My analysis

A bullish trend on MAKER - MKR/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 2,044.17 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2,089.49 USD. Then the price could move towards 2,220.80 USD. Then 3,322.75 USD by extension. Be careful, a return below 2,044.17 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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

Additional analysis

Quotes

The MAKER - MKR/USD price is 2,074.34 USD. The price registered an increase of +2.42% on the session and was between 2,015.59 USD and 2,085.58 USD. This implies that the price is at +2.91% from its lowest and at -0.54% from its highest.

2,015.59

2,085.58

2,074.34

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this MAKER - MKR/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,833.44	1,975.60	2,044.17	2,074.34	2,089.49	2,220.80	3,322.75
Change (%)	-11.61%	-4.76%	-1.45%	-	+0.73%	+7.06%	+60.18%
Change	-240.90	-98.74	-30.17	-	+15.15	+146.46	+1,248.41
Level	Intermediate	Intermediate	Minor	-	Intermediate	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	1,712.88	1,841.89	1,933.59	2,062.60	2,154.30	2,283.31	2,375.01
Camarilla	1,964.61	1,984.84	2,005.07	2,025.30	2,045.53	2,065.76	2,086.00
Woodie	1,694.24	1,832.56	1,914.95	2,053.27	2,135.66	2,273.98	2,356.37
Fibonacci	1,841.89	1,926.20	1,978.29	2,062.60	2,146.91	2,199.00	2,283.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,107.83	1,329.56	1,514.94	1,736.67	1,922.05	2,143.78	2,329.16
Camarilla	1,588.37	1,625.68	1,663.00	1,700.32	1,737.64	1,774.96	1,812.28
Woodie	1,089.66	1,320.47	1,496.77	1,727.58	1,903.88	2,134.69	2,310.99
Fibonacci	1,329.56	1,485.08	1,581.15	1,736.67	1,892.19	1,988.26	2,143.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	878.57	1,066.77	1,381.41	1,569.61	1,884.25	2,072.45	2,387.09
Camarilla	1,557.78	1,603.87	1,649.97	1,696.06	1,742.15	1,788.25	1,834.34
Woodie	941.80	1,098.38	1,444.64	1,601.22	1,947.48	2,104.06	2,450.32
Fibonacci	1,066.77	1,258.85	1,377.52	1,569.61	1,761.69	1,880.36	2,072.45

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):	53.72
MACD (12,26,9):	-8.5600
Directional Movement:	1.67
AROON (14):	-42.86
DEMA (21):	2,055.09
Parabolic SAR (0,02-0,02-0,2):	1,979.72
Elder Ray (13):	20.67
Super Trend (3,10):	2,127.41
Zig ZAG (10):	2,082.38
VORTEX (21):	0.9800
Stochastique (14,3,5):	68.37
TEMA (21):	2,045.05
Williams %R (14):	-13.03
Chande Momentum Oscillator (20):	41.22
Repulse (5,40,3):	1.4700
ROCnROLL:	1
TRIX (15,9):	-0.1100
Courbe Coppock:	4.10

MA7:	1,956.17
MA20:	1,747.62
MA50:	1,548.88
MA100:	1,470.41
MAexp7:	2,064.74
MAexp20:	2,067.61
MAexp50:	2,063.09
MAexp100:	2,012.75
Price / MA7:	+6.04%
Price / MA20:	+18.70%
Price / MA50:	+33.93%
Price / MA100:	+41.07%
Price / MAexp7:	+0.46%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.55%
Price / MAexp100:	+3.06%

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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Londinia AI

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