MAKER - MKR/USD - 1H - Technical analysis published on 06/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 2,330.34 USD and 2,485.22 USD
My targets
-
My analysis
The short-term increase on MAKER - MKR/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 2,485.22 USD. The first support is located at 2,330.34 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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
MAKER - MKR/USD rating 2,446.87 USD. On the day, this instrument gained +4.03% with the lowest point at 2,350.12 USD and the highest point at 2,447.80 USD. The deviation from the price is +4.12% for the low point and -0.04% for the high point.2,350.12
2,447.80
2,446.87
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/USD:
Technical
Technical analysis of this 1H chart of MAKER - MKR/USD indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,157.23 | 2,205.68 | 2,286.95 | 2,446.87 | 2,453.09 | 2,485.22 | 2,525.90 |
| Change (%) | -11.84% | -9.86% | -6.54% | - | +0.25% | +1.57% | +3.23% |
| Change | -289.64 | -241.19 | -159.92 | - | +6.22 | +38.35 | +79.03 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | 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 | 2,002.11 | 2,127.22 | 2,239.66 | 2,364.77 | 2,477.21 | 2,602.32 | 2,714.76 |
| Camarilla | 2,286.78 | 2,308.56 | 2,330.34 | 2,352.11 | 2,373.89 | 2,395.66 | 2,417.44 |
| Woodie | 1,995.79 | 2,124.05 | 2,233.34 | 2,361.60 | 2,470.89 | 2,599.15 | 2,708.44 |
| Fibonacci | 2,127.22 | 2,217.96 | 2,274.02 | 2,364.77 | 2,455.51 | 2,511.57 | 2,602.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,721.91 | 1,917.46 | 2,134.79 | 2,330.34 | 2,547.67 | 2,743.22 | 2,960.55 |
| Camarilla | 2,238.57 | 2,276.42 | 2,314.26 | 2,352.11 | 2,389.96 | 2,427.81 | 2,465.65 |
| Woodie | 1,732.79 | 1,922.91 | 2,145.67 | 2,335.79 | 2,558.55 | 2,748.67 | 2,971.43 |
| Fibonacci | 1,917.46 | 2,075.18 | 2,172.62 | 2,330.34 | 2,488.06 | 2,585.50 | 2,743.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,871.55 | 2,247.17 | 2,475.27 | 2,850.89 | 3,078.99 | 3,454.61 | 3,682.71 |
| Camarilla | 2,537.36 | 2,592.70 | 2,648.04 | 2,703.38 | 2,758.72 | 2,814.06 | 2,869.40 |
| Woodie | 1,797.80 | 2,210.29 | 2,401.52 | 2,814.01 | 3,005.24 | 3,417.73 | 3,608.96 |
| Fibonacci | 2,247.17 | 2,477.79 | 2,620.27 | 2,850.89 | 3,081.51 | 3,223.99 | 3,454.61 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.00 | |
| MACD (12,26,9): | -14.2500 | |
| Directional Movement: | -1.11 | |
| AROON (14): | 0 | |
| DEMA (21): | 2,388.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,290.30 | |
| Elder Ray (13): | 0.84 | |
| Super Trend (3,10): | 2,444.35 | |
| Zig ZAG (10): | 2,401.80 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 70.50 | |
| TEMA (21): | 2,382.12 | |
| Williams %R (14): | -39.42 | |
| Chande Momentum Oscillator (20): | 49.38 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 2.52 |
| MA7: | 2,390.07 | |
| MA20: | 2,415.39 | |
| MA50: | 2,627.83 | |
| MA100: | 2,916.45 | |
| MAexp7: | 2,398.06 | |
| MAexp20: | 2,407.65 | |
| MAexp50: | 2,424.77 | |
| MAexp100: | 2,415.52 | |
| Price / MA7: | +2.38% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | -6.89% | |
| Price / MA100: | -16.10% | |
| Price / MAexp7: | +2.04% | |
| Price / MAexp20: | +1.63% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +1.30% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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