MAKER - MKR/USD - 1H - Technical analysis published on 09/23/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 454.10 USD
My targets
487.52 USD (+5.03%)
502.40 USD (+8.23%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for MAKER - MKR/USD as long as the price remains well above 454.10 USD. The buyers” bullish objective is set at 487.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 502.40 USD. If there is any crossing, the next objective would be the resistance located at 524.73 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 487.52 USD. On this resistance, against the trend traders who would like to go short on MAKER - MKR/USD with a bearish signal from their trading strategy, should not hesitate to act.
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
2.1
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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 rating is 464.18 USD. The price has increased by +0.46% since the last closing with the lowest point at 449.97 USD and the highest point at 465.63 USD. The deviation from the price is +3.16% for the low point and -0.31% for the high point.449.97
465.63
464.18
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on MAKER - MKR/USD were detected by the Central Volumes scanner:
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 bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 414.37 | 439.74 | 454.10 | 464.18 | 466.17 | 487.52 | 502.40 |
| Change (%) | -10.73% | -5.27% | -2.17% | - | +0.43% | +5.03% | +8.23% |
| Change | -49.81 | -24.44 | -10.08 | - | +1.99 | +23.34 | +38.22 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 419.86 | 430.06 | 446.06 | 456.26 | 472.26 | 482.46 | 498.46 |
| Camarilla | 454.86 | 457.26 | 459.66 | 462.06 | 464.46 | 466.86 | 469.27 |
| Woodie | 422.76 | 431.51 | 448.96 | 457.71 | 475.16 | 483.91 | 501.36 |
| Fibonacci | 430.06 | 440.07 | 446.25 | 456.26 | 466.27 | 472.45 | 482.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 365.23 | 402.23 | 457.71 | 494.71 | 550.19 | 587.19 | 642.67 |
| Camarilla | 487.77 | 496.25 | 504.72 | 513.20 | 521.68 | 530.16 | 538.63 |
| Woodie | 374.48 | 406.85 | 466.96 | 499.33 | 559.44 | 591.81 | 651.92 |
| Fibonacci | 402.23 | 437.55 | 459.38 | 494.71 | 530.03 | 551.86 | 587.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.80 | 396.29 | 539.32 | 695.81 | 838.84 | 995.33 | 1,138.36 |
| Camarilla | 599.99 | 627.45 | 654.90 | 682.36 | 709.82 | 737.27 | 764.73 |
| Woodie | 233.08 | 392.93 | 532.60 | 692.45 | 832.12 | 991.97 | 1,131.64 |
| Fibonacci | 396.29 | 510.70 | 581.39 | 695.81 | 810.22 | 880.91 | 995.33 |
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): | 57.97 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | 12.07 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 457.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 450.79 | |
| Elder Ray (13): | 5.65 | |
| Super Trend (3,10): | 452.41 | |
| Zig ZAG (10): | 464.17 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 77.60 | |
| TEMA (21): | 459.76 | |
| Williams %R (14): | -11.94 | |
| Chande Momentum Oscillator (20): | -0.69 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.83 |
| MA7: | 481.37 | |
| MA20: | 502.94 | |
| MA50: | 591.09 | |
| MA100: | 542.14 | |
| MAexp7: | 459.49 | |
| MAexp20: | 458.57 | |
| MAexp50: | 463.01 | |
| MAexp100: | 471.29 | |
| Price / MA7: | -3.57% | |
| Price / MA20: | -7.71% | |
| Price / MA50: | -21.47% | |
| Price / MA100: | -14.38% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | -1.51% |
Quotes :
2020-09-23 13:33:30
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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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