MAKER - MKR/USD - Daily - Technical analysis published on 10/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 576.61 USD
My targets
634.80 USD (+6.39%)
709.98 USD (+18.99%)
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 576.61 USD. The buyers” bullish objective is set at 634.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 709.98 USD. If there is any crossing, the next objective would be the resistance located at 784.78 USD.
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
7
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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 596.67 USD. The price has increased by +1.44% since the last closing and was between 571.39 USD and 597.82 USD. This implies that the price is at +4.42% from its lowest and at -0.19% from its highest.571.39
597.82
596.67
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on MAKER - MKR/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of MAKER - MKR/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 414.37 | 502.40 | 576.61 | 596.67 | 709.98 | 784.78 |
| Change (%) | -30.55% | -15.80% | -3.36% | - | +18.99% | +31.53% |
| Change | -182.30 | -94.27 | -20.06 | - | +113.31 | +188.11 |
| Level | Major | Major | Intermediate | - | Intermediate | 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 | 558.04 | 567.46 | 577.84 | 587.26 | 597.64 | 607.06 | 617.44 |
| Camarilla | 582.78 | 584.59 | 586.41 | 588.22 | 590.04 | 591.85 | 593.67 |
| Woodie | 558.52 | 567.70 | 578.32 | 587.50 | 598.12 | 607.30 | 617.92 |
| Fibonacci | 567.46 | 575.02 | 579.70 | 587.26 | 594.82 | 599.50 | 607.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 403.60 | 451.10 | 519.20 | 566.70 | 634.80 | 682.30 | 750.40 |
| Camarilla | 555.50 | 566.10 | 576.69 | 587.29 | 597.89 | 608.48 | 619.08 |
| Woodie | 413.89 | 456.25 | 529.49 | 571.85 | 645.09 | 687.45 | 760.69 |
| Fibonacci | 451.10 | 495.26 | 522.54 | 566.70 | 610.86 | 638.14 | 682.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.86 | 270.29 | 420.84 | 582.27 | 732.82 | 894.25 | 1,044.80 |
| Camarilla | 485.59 | 514.18 | 542.78 | 571.38 | 599.98 | 628.58 | 657.18 |
| Woodie | 103.41 | 267.57 | 415.39 | 579.55 | 727.37 | 891.53 | 1,039.35 |
| Fibonacci | 270.29 | 389.47 | 463.10 | 582.27 | 701.45 | 775.08 | 894.25 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.77 | |
| MACD (12,26,9): | 12.7100 | |
| Directional Movement: | 10.09 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 561.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 503.19 | |
| Elder Ray (13): | 24.05 | |
| Super Trend (3,10): | 469.72 | |
| Zig ZAG (10): | 592.35 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 79.37 | |
| TEMA (21): | 583.33 | |
| Williams %R (14): | -17.62 | |
| Chande Momentum Oscillator (20): | 22.46 | |
| Repulse (5,40,3): | 7.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 22.52 |
| MA7: | 559.56 | |
| MA20: | 539.54 | |
| MA50: | 550.61 | |
| MA100: | 553.07 | |
| MAexp7: | 572.60 | |
| MAexp20: | 549.09 | |
| MAexp50: | 547.29 | |
| MAexp100: | 537.94 | |
| Price / MA7: | +6.63% | |
| Price / MA20: | +10.59% | |
| Price / MA50: | +8.37% | |
| Price / MA100: | +7.88% | |
| Price / MAexp7: | +4.20% | |
| Price / MAexp20: | +8.67% | |
| Price / MAexp50: | +9.02% | |
| Price / MAexp100: | +10.92% |
Quotes :
2020-10-12 14:22:11
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Real time data
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