Maker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. However, after getting rejected 2x at $1,600 resistance zone (Double Top pattern?) , price has pulled back and broken below $1,350 support, which makes us cautious. We wait to see where...
💎Paradisers, turn your attention to MKRUSDT! We've observed its compelling trajectory as it navigates within a demand zone, hinting at a high probability of a bullish trajectory. 💎 In recent developments, MKRUSDT managed to surge past its descending channel, charting an upward course. Currently positioned in a demand zone, the odds are favoring a bullish shift....
💎 MKR is undeniably on our radar. Currently, MKR is rebounding from a demand zone and is exhibiting patterns consistent with a bullish falling wedge formation. 💎 The recent daily candlestick closure as a bullish hammer further emphasizes the potential upward trajectory for MKR. However, for a more concrete bullish confirmation, it's essential for MKR to break...
12h time frame - We've been talking about MKR since July 14th. Now it broke the bullish flag(yellow arrow), which is a strong sign. Currently MKR is retesting this flag, and here is also the support of uptrend line. According to previous perspective and analysis(ref.1 and ref.2), MKR has higher target over 1800. Therefore, here is a good position to set trading...
Hello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. When we unfold the Fib Retracement grid, we can see that the price is above the support zone from $1,487 to $1,456, and then we mark the second strong zone from $1,406 to $1,371. Looking the other way, we see that...
⚪ As we analyze MKRUSDT's price action, a critical development emerges. The breach of a significant supply zone from August 2022 piques our interest. ⚪ What's even more intriguing is the transformation of this zone into a potential demand area, halting the current pullback. ⚪ This presents an attractive buying opportunity for traders and investors. Moreover,...
Hello everyone, I invite you to review the MKR chart in pair with USDT, on a one-day time frame. First, we will use blue lines to mark the upward trend channel, which contains data around the additional range. Going forward, the point of support will be marked in the event of a larger correction. And here, the first one is our support zone from $1,404 to $1,539,...
MKR has been on a strong upward trend for some time now. A bearish CH can be seen on the chart and we also have an order block resistance zone. We are expected to move down to the specified targets. I specified the invalidation level, closing a 4-hour candle above this level will violate the analysis For risk management, please don't forget stop loss and...
MKRUSDT has created an interesting structure, where the price shows a falling wedge pattern on the hourly timeframe. Here we see a breakout confirmation needed where we expect a possible rally towards the recent high formed close to 1570
MKRUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel. Currently the price is forming a local support around 1380 region. Will the bulls take charge again continue for leg higher? What you guys think of this idea?
Maker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Price broke above $1,350 resistance, where it got rejected in August, which signals continuation of Uptrend. Now it’s pulled back to that $1,350 level, which could be an attractive swing...
12h time frame - MKR is on the way to build 5 waves, already completed 3 waves from 500~1590. The most important thing here is where is the end of 4th wave(correction wave). According to structural support and 0.382 Fibonacci Retracement, 1350 is the potential end of 4th wave, also will be the start of 5th wave(final pumping wave), which target is 1800~2000....
I invite you to review the chart of MKR paired with USDT. First, we will use the yellow line to mark the downward trend from which MKR came out on top, while locally, we can use the blue lines to mark the upward trend channel in which the price is moving. When we unfold the Fib Retracement grid, we will notice that the price has approached the support level of...
This dino shitcoin is looking good somehow I believe it will follow ASX:MKR to middle channel at least.
Our uptrend line is reserved for the time being. In the daily time frame, the crab pattern has appeared for us, which overlaps with the negative divergence of the RSI in the same time frame. This pattern is a reversal of the trend. If the upward trend line is broken and the range of $1,383 is consumed, the possibility of a corrective trend will be strengthened up...
Maker is a peer-to-contract lending platform that enables over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. As MakerDao's token, the unit price of MKR has always remained at a high level. You can know from on-chain detectives that MKR is favored by whales as a trading token. MKR has risen since...
Is MKRUSDT exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1400 followed by 1220. What you guys think of it?
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