KOMODO - KMD/USDT - 1H - Technical analysis published on 04/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.402900 USDT
My targets
0.448800 USDT (+2.00%)
0.491020 USDT (+11.60%)
My analysis
KOMODO - KMD/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.402900 USDT. The next resistance located at 0.448800 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.491020 USDT. After this resistance, buyers could then target 0.669733 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KOMODO - KMD/USDT price is 0.440000 USDT. The price registered an increase of +9.43% on the session and was traded between 0.401800 USDT and 0.440200 USDT over the period. The price is currently at +9.51% from its lowest and -0.05% from its highest.0.401800
0.440200
0.440000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of KOMODO - KMD/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.373900 | 0.386144 | 0.395200 | 0.440000 | 0.491020 | 0.669733 | 0.912133 |
| Change (%) | -15.02% | -12.24% | -10.18% | - | +11.60% | +52.21% | +107.30% |
| Change | -0.066100 | -0.053856 | -0.044800 | - | +0.051020 | +0.229733 | +0.472133 |
| Level | Major | Intermediate | Intermediate | - | 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 | 0.367267 | 0.384033 | 0.393067 | 0.409833 | 0.418867 | 0.435633 | 0.444667 |
| Camarilla | 0.395005 | 0.397370 | 0.399735 | 0.402100 | 0.404465 | 0.406830 | 0.409195 |
| Woodie | 0.363400 | 0.382100 | 0.389200 | 0.407900 | 0.415000 | 0.433700 | 0.440800 |
| Fibonacci | 0.384033 | 0.393889 | 0.399978 | 0.409833 | 0.419689 | 0.425778 | 0.435633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.243800 | 0.282700 | 0.346300 | 0.385200 | 0.448800 | 0.487700 | 0.551300 |
| Camarilla | 0.381713 | 0.391108 | 0.400504 | 0.409900 | 0.419296 | 0.428692 | 0.438088 |
| Woodie | 0.256150 | 0.288875 | 0.358650 | 0.391375 | 0.461150 | 0.493875 | 0.563650 |
| Fibonacci | 0.282700 | 0.321855 | 0.346045 | 0.385200 | 0.424355 | 0.448545 | 0.487700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.303800 | -0.053800 | 0.152900 | 0.402900 | 0.609600 | 0.859600 | 1.066300 |
| Camarilla | 0.234008 | 0.275872 | 0.317736 | 0.359600 | 0.401464 | 0.443328 | 0.485193 |
| Woodie | -0.325450 | -0.064625 | 0.131250 | 0.392075 | 0.587950 | 0.848775 | 1.044650 |
| Fibonacci | -0.053800 | 0.120659 | 0.228441 | 0.402900 | 0.577359 | 0.685141 | 0.859600 |
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): | 65.90 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 10.097526 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.420772 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.410100 | |
| Elder Ray (13): | 0.009204 | |
| Super Trend (3,10): | 0.406419 | |
| Zig ZAG (10): | 0.426400 | |
| VORTEX (21): | 1.0643 | |
| Stochastique (14,3,5): | 79.82 | |
| TEMA (21): | 0.422304 | |
| Williams %R (14): | -17.25 | |
| Chande Momentum Oscillator (20): | 0.012800 | |
| Repulse (5,40,3): | 0.8486 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0833 | |
| Courbe Coppock: | 6.83 |
| MA7: | 0.390371 | |
| MA20: | 0.369760 | |
| MA50: | 0.490920 | |
| MA100: | 0.562682 | |
| MAexp7: | 0.421584 | |
| MAexp20: | 0.416469 | |
| MAexp50: | 0.410271 | |
| MAexp100: | 0.399935 | |
| Price / MA7: | +12.71% | |
| Price / MA20: | +19.00% | |
| Price / MA50: | -10.37% | |
| Price / MA100: | -21.80% | |
| Price / MAexp7: | +4.37% | |
| Price / MAexp20: | +5.65% | |
| Price / MAexp50: | +7.25% | |
| Price / MAexp100: | +10.02% |
This member declared not having a position on this financial instrument or a related financial instrument.
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