MAKER - MKR/USD - 1H - Technical analysis published on 09/21/2019 (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
56%
22%
22%
My opinion
Bullish above 501.72 USD
My targets
612.48 USD (+10.76%)
709.98 USD (+28.39%)
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 501.72 USD. The buyers” bullish objective is set at 612.48 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 772.71 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
7.1
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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 552.97 USD. The price has increased by +0.65% since the last closing and was between 533.70 USD and 553.05 USD. This implies that the price is at +3.61% from its lowest and at -0.01% from its highest.533.70
553.05
552.97
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MAKER - MKR/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 413.86 | 447.71 | 501.72 | 552.97 | 612.48 | 709.98 | 772.71 |
| Change (%) | -25.16% | -19.04% | -9.27% | - | +10.76% | +28.39% | +39.74% |
| Change | -139.11 | -105.26 | -51.25 | - | +59.51 | +157.01 | +219.74 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Major |
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 | 520.31 | 530.67 | 540.05 | 550.41 | 559.79 | 570.15 | 579.53 |
| Camarilla | 543.99 | 545.80 | 547.61 | 549.42 | 551.23 | 553.04 | 554.85 |
| Woodie | 519.81 | 530.43 | 539.55 | 550.17 | 559.29 | 569.91 | 579.03 |
| Fibonacci | 530.67 | 538.21 | 542.87 | 550.41 | 557.95 | 562.61 | 570.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 377.45 | 405.33 | 437.72 | 465.60 | 497.99 | 525.87 | 558.26 |
| Camarilla | 453.54 | 459.06 | 464.59 | 470.11 | 475.64 | 481.16 | 486.68 |
| Woodie | 379.71 | 406.46 | 439.98 | 466.73 | 500.25 | 527.00 | 560.52 |
| Fibonacci | 405.33 | 428.35 | 442.58 | 465.60 | 488.62 | 502.85 | 525.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 222.57 | 327.10 | 402.56 | 507.09 | 582.55 | 687.08 | 762.54 |
| Camarilla | 428.53 | 445.03 | 461.53 | 478.03 | 494.53 | 511.03 | 527.53 |
| Woodie | 208.05 | 319.83 | 388.04 | 499.82 | 568.03 | 679.81 | 748.02 |
| Fibonacci | 327.10 | 395.85 | 438.33 | 507.09 | 575.84 | 618.32 | 687.08 |
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): | 58.51 | |
| MACD (12,26,9): | 2.9000 | |
| Directional Movement: | 7.50 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 550.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 558.22 | |
| Elder Ray (13): | 2.19 | |
| Super Trend (3,10): | 533.27 | |
| Zig ZAG (10): | 552.97 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 33.15 | |
| TEMA (21): | 547.39 | |
| Williams %R (14): | -28.84 | |
| Chande Momentum Oscillator (20): | -5.77 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.86 |
| MA7: | 520.52 | |
| MA20: | 483.16 | |
| MA50: | 499.88 | |
| MA100: | 574.32 | |
| MAexp7: | 546.42 | |
| MAexp20: | 545.67 | |
| MAexp50: | 534.66 | |
| MAexp100: | 517.07 | |
| Price / MA7: | +6.23% | |
| Price / MA20: | +14.45% | |
| Price / MA50: | +10.62% | |
| Price / MA100: | -3.72% | |
| Price / MAexp7: | +1.20% | |
| Price / MAexp20: | +1.34% | |
| Price / MAexp50: | +3.42% | |
| Price / MAexp100: | +6.94% |
This member declared not having a position on this financial instrument or a related financial instrument.
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