MAKER - MKR/USD - 1H - Technical analysis published on 11/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 1,790.85 USD
My targets
1,950.89 USD (+7.85%)
2,065.59 USD (+14.19%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,790.85 USD remains possible. It is advisable to trade MAKER - MKR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,790.85 USD. The next bullish objective for buyers is set at 1,950.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,065.59 USD. If there is any crossing, the next objective would be the resistance located at 2,129.38 USD. PS: if there is a bearish break in the support located at 1,790.85 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MAKER - MKR/USD rating 1,808.88 USD. On the day, this instrument lost -0.82% with the lowest point at 1,800.41 USD and the highest point at 1,854.18 USD. The deviation from the price is +0.47% for the low point and -2.44% for the high point.1,800.41
1,854.18
1,808.88
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
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of MAKER - MKR/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,555.15 | 1,724.33 | 1,790.85 | 1,808.88 | 2,065.59 | 2,129.38 | 2,408.31 |
| Change (%) | -14.03% | -4.67% | -1.00% | - | +14.19% | +17.72% | +33.14% |
| Change | -253.73 | -84.55 | -18.03 | - | +256.71 | +320.50 | +599.43 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 1,286.29 | 1,490.52 | 1,657.14 | 1,861.37 | 2,027.99 | 2,232.22 | 2,398.84 |
| Camarilla | 1,721.79 | 1,755.78 | 1,789.78 | 1,823.77 | 1,857.77 | 1,891.76 | 1,925.75 |
| Woodie | 1,267.50 | 1,481.12 | 1,638.35 | 1,851.97 | 2,009.20 | 2,222.82 | 2,380.05 |
| Fibonacci | 1,490.52 | 1,632.18 | 1,719.70 | 1,861.37 | 2,003.03 | 2,090.55 | 2,232.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,167.90 | 1,312.89 | 1,486.90 | 1,631.89 | 1,805.90 | 1,950.89 | 2,124.90 |
| Camarilla | 1,573.18 | 1,602.42 | 1,631.66 | 1,660.90 | 1,690.14 | 1,719.38 | 1,748.63 |
| Woodie | 1,182.40 | 1,320.15 | 1,501.40 | 1,639.15 | 1,820.40 | 1,958.15 | 2,139.40 |
| Fibonacci | 1,312.89 | 1,434.75 | 1,510.04 | 1,631.89 | 1,753.75 | 1,829.04 | 1,950.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 605.58 | 806.29 | 1,037.99 | 1,238.70 | 1,470.40 | 1,671.11 | 1,902.81 |
| Camarilla | 1,150.77 | 1,190.41 | 1,230.04 | 1,269.68 | 1,309.32 | 1,348.96 | 1,388.59 |
| Woodie | 621.07 | 814.04 | 1,053.48 | 1,246.45 | 1,485.89 | 1,678.86 | 1,918.30 |
| Fibonacci | 806.29 | 971.47 | 1,073.52 | 1,238.70 | 1,403.88 | 1,505.93 | 1,671.11 |
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): | 45.49 | |
| MACD (12,26,9): | 5.4800 | |
| Directional Movement: | 2.63 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1,849.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,948.89 | |
| Elder Ray (13): | -28.09 | |
| Super Trend (3,10): | 1,906.94 | |
| Zig ZAG (10): | 1,807.39 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 3.24 | |
| TEMA (21): | 1,828.90 | |
| Williams %R (14): | -93.83 | |
| Chande Momentum Oscillator (20): | -87.72 | |
| Repulse (5,40,3): | -1.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 8.73 |
| MA7: | 1,684.56 | |
| MA20: | 1,559.13 | |
| MA50: | 1,365.04 | |
| MA100: | 1,519.67 | |
| MAexp7: | 1,823.37 | |
| MAexp20: | 1,833.35 | |
| MAexp50: | 1,794.99 | |
| MAexp100: | 1,735.83 | |
| Price / MA7: | +7.38% | |
| Price / MA20: | +16.02% | |
| Price / MA50: | +32.51% | |
| Price / MA100: | +19.03% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -1.33% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +4.21% |
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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