An idea for MKRUSD
As you can see on the fib circle multiple supports have been claimed on the way up to the formation of this bullflag / symmetrical triangle
Price is also supported strongly by this blue MA line, which has previously been a strong level of bullish rejection
Arrows placed show the transition from the bears dominating to the bulls
Hello Traders and Investors,
MKRUSD is showing a very bullish setup. It broke above a resistance and is forming a new major support. If this continues to hold, a big move towards ATH will be very likely. This move will be a 100% gain, even more if entry is right on the major support.
ON TRACK WITH OUR TARGET AREA OF VALUES
1522H +8 SINGAPORE
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
VITAL SIGN A-OK, WE WILL FINISH THIS SWING.
MAKING A MEASURED MOVE
The Market has amazingly moved along the TOPS and...
Maker, the DAO for DAI stablecoin just broke above a key level.
A sustained rally can take us higher, see level on the chart. This coin has strong fundamentals and has already rallied a lot this year.
Indicators looks great, volume as well. Bullish bias.
Like and follow if you liked my idea!
Hi im a novice trader and I just wanted to share my thoughts on $MKR. To me the daily chart looks like its ready to break through the upper resistance of a macro triangle. Breakout of this resistance will be confirmed by bullish MACD crossover along with divergence from PSAR consolidation. Nobody really talks about this coin so I thought I'd share.
MAKER is approaching a very important level of price where if we break it, we will be bullish. However if we reject the 2600 level, we can see price coming back to the lows of 1800-1900 once more.
Will be keeping an eye on 2600 and if we break that level impulsively, we can look for a retest to take MKR higher.
| MKRUSDT | SHORT @ 2380 - 2370 | TP @ 2360, 2350, 2340, 2330, 2320 | SL @ 2460 | PATTERN = DESCENDING TRIPLE BOTTOM BREAKDOWN |
PNF chart on the hourly shows a trend reversal, DESCENDING TRIPLE BOTTOM BREAKDOWN.
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
I don't think it looks good for BTC. The question is not if there will be a crash, but when. I think the big ones are investing heavily in order to cash out huge afterwards. I wait for a spike (lev 3 or higher) to go down afterwards, reverse to liquidate the shorts again and aftern the liquidation of the longs will follow. Investing hard in buying to sell after...
Understanding how the MM thinks and acts is my goal. As soon as you know the strategy and can convert it into practice, there are very nice trades waiting. The puzzle pieces are all starting to fall neatly into place. Questions remain, but practice and learning from your mistakes will eventually get you to your goal. You can't beat the BB, but you can get a piece...
Inverted Head and Shoulders in the making with target $4270 (my interpretation). Let's make it, baby! 💰
Don't forget to check also the related ideas and my other analyses (link below). Cheers! 🥂
MKR is heading to the support area of $3200, this is a strong support area and can completely help MKR increase strongly in the near days to the areas of $4000, $4800 and $6400. But if it loses the $3200 area, then the $2800 area is the next strong support we need to pay attention to
🔴Buy : 3120-3280$. SL if B
🔴Buy : 3900-4100$ if A. SL if B