MAKER - MKR/USD - 1H - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 466.32 USD
My targets
506.36 USD (+5.94%)
541.61 USD (+13.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MAKER - MKR/USD as long as the price remains well above 466.32 USD. The buyers” bullish objective is set at 506.36 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 541.61 USD. If there is any crossing, the next objective would be the resistance located at 655.03 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.4
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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 MAKER - MKR/USD price is 477.97 USD. The price has increased by +1.80% since the last closing and was between 459.57 USD and 478.22 USD. This implies that the price is at +4.00% from its lowest and at -0.05% from its highest.459.57
478.22
477.97
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of MAKER - MKR/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed 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
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 449.68 | 455.73 | 466.32 | 477.97 | 479.62 | 506.36 | 655.03 |
| Change (%) | -5.92% | -4.65% | -2.44% | - | +0.35% | +5.94% | +37.04% |
| Change | -28.29 | -22.24 | -11.65 | - | +1.65 | +28.39 | +177.06 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 416.65 | 436.17 | 452.84 | 472.36 | 489.03 | 508.55 | 525.22 |
| Camarilla | 459.57 | 462.89 | 466.20 | 469.52 | 472.84 | 476.16 | 479.47 |
| Woodie | 415.24 | 435.46 | 451.43 | 471.65 | 487.62 | 507.84 | 523.81 |
| Fibonacci | 436.17 | 449.99 | 458.53 | 472.36 | 486.18 | 494.72 | 508.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 375.08 | 402.85 | 444.46 | 472.23 | 513.84 | 541.61 | 583.22 |
| Camarilla | 467.00 | 473.36 | 479.72 | 486.08 | 492.44 | 498.80 | 505.16 |
| Woodie | 382.01 | 406.31 | 451.39 | 475.69 | 520.77 | 545.07 | 590.15 |
| Fibonacci | 402.85 | 429.35 | 445.72 | 472.23 | 498.73 | 515.10 | 541.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -16.05 | 195.47 | 326.30 | 537.82 | 668.65 | 880.17 | 1,011.00 |
| Camarilla | 362.97 | 394.36 | 425.74 | 457.12 | 488.50 | 519.88 | 551.27 |
| Woodie | -56.41 | 175.30 | 285.95 | 517.65 | 628.30 | 860.00 | 970.65 |
| Fibonacci | 195.47 | 326.25 | 407.05 | 537.82 | 668.60 | 749.40 | 880.17 |
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): | 59.66 | |
| MACD (12,26,9): | 2.0000 | |
| Directional Movement: | 6.18 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 470.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 463.63 | |
| Elder Ray (13): | 4.71 | |
| Super Trend (3,10): | 460.00 | |
| Zig ZAG (10): | 476.70 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 83.52 | |
| TEMA (21): | 472.58 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 14.37 | |
| Repulse (5,40,3): | 1.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.29 |
| MA7: | 460.18 | |
| MA20: | 479.76 | |
| MA50: | 464.65 | |
| MA100: | 392.76 | |
| MAexp7: | 472.28 | |
| MAexp20: | 468.52 | |
| MAexp50: | 466.35 | |
| MAexp100: | 462.34 | |
| Price / MA7: | +3.87% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | +2.87% | |
| Price / MA100: | +21.70% | |
| Price / MAexp7: | +1.20% | |
| Price / MAexp20: | +2.02% | |
| Price / MAexp50: | +2.49% | |
| Price / MAexp100: | +3.38% |
Quotes :
2020-07-06 15:15:23
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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