MAKER - MKR/USD - 1H - Technical analysis published on 08/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 632.76 USD
My targets
688.74 USD (+2.57%)
728.62 USD (+8.51%)
My analysis
The strong short-term increase for MAKER - MKR/USD reinforces the current slightly bullish trend. As long as the price remains above 632.76 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 688.74 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 728.62 USD as an objective. Crossing it would then enable buyers to target 775.07 USD. A return to 632.76 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5.2
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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 671.47 USD. On the day, this instrument gained +3.28% with the lowest point at 648.13 USD and the highest point at 677.70 USD. The deviation from the price is +3.60% for the low point and -0.92% for the high point.648.13
677.70
671.47
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
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 slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 582.29 | 610.00 | 632.76 | 671.47 | 688.74 | 728.62 | 775.07 |
| Change (%) | -13.28% | -9.15% | -5.76% | - | +2.57% | +8.51% | +15.43% |
| Change | -89.18 | -61.47 | -38.71 | - | +17.27 | +57.15 | +103.60 |
| Level | Minor | Minor | Major | - | Major | Minor | Major |
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 | 576.47 | 604.42 | 627.27 | 655.22 | 678.07 | 706.02 | 728.87 |
| Camarilla | 636.16 | 640.82 | 645.47 | 650.13 | 654.79 | 659.44 | 664.10 |
| Woodie | 573.93 | 603.15 | 624.73 | 653.95 | 675.53 | 704.75 | 726.33 |
| Fibonacci | 604.42 | 623.82 | 635.81 | 655.22 | 674.62 | 686.61 | 706.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 295.23 | 438.13 | 566.49 | 709.39 | 837.75 | 980.65 | 1,109.01 |
| Camarilla | 620.25 | 645.12 | 669.99 | 694.85 | 719.72 | 744.58 | 769.45 |
| Woodie | 287.96 | 434.50 | 559.22 | 705.76 | 830.48 | 977.02 | 1,101.74 |
| Fibonacci | 438.13 | 541.75 | 605.77 | 709.39 | 813.01 | 877.03 | 980.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 290.26 | 360.44 | 458.13 | 528.31 | 626.00 | 696.18 | 793.87 |
| Camarilla | 509.67 | 525.05 | 540.44 | 555.83 | 571.22 | 586.61 | 601.99 |
| Woodie | 304.03 | 367.32 | 471.90 | 535.19 | 639.77 | 703.06 | 807.64 |
| Fibonacci | 360.44 | 424.56 | 464.18 | 528.31 | 592.43 | 632.05 | 696.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.01 | |
| MACD (12,26,9): | 3.8400 | |
| Directional Movement: | 18.69 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 664.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 646.49 | |
| Elder Ray (13): | 10.57 | |
| Super Trend (3,10): | 650.56 | |
| Zig ZAG (10): | 671.18 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 80.14 | |
| TEMA (21): | 670.31 | |
| Williams %R (14): | -21.20 | |
| Chande Momentum Oscillator (20): | 20.20 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 4.69 |
| MA7: | 685.92 | |
| MA20: | 640.48 | |
| MA50: | 544.62 | |
| MA100: | 496.65 | |
| MAexp7: | 667.10 | |
| MAexp20: | 660.72 | |
| MAexp50: | 662.07 | |
| MAexp100: | 671.09 | |
| Price / MA7: | -2.11% | |
| Price / MA20: | +4.84% | |
| Price / MA50: | +23.29% | |
| Price / MA100: | +35.20% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | +1.63% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +0.06% |
Quotes :
2020-08-20 14:31:44
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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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