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. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) ...
4h time frame - MKR creating a rising channel also can be regarded as bearish flag. According to fibonacci retracement and structural support, the target could be set at 1160. This trading plan has 2.5 risk to reward ratio. TP: 1160 SL: 1332
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. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to...
After the downward ch on the chart, it is pulling back towards the order block to collect orders. We are looking for sell/short positions in the red box I have specified the targets on the chart. When we reach the first target, save some profit and then change the stop to entry I also specified the invalidation level, closing 1 daily candle above this level will...
Maker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High (sign of Uptrend). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Maker is a well...
💎 Elliot Wave Theory Insights: Based on the Elliot Wave theory, #MKRUSDT's primary trend leans bullish. We've observed a sequence of a 5-Wave upward movement, succeeded by an ABC correction pattern. 💎 Potential Wave Completion: This suggests that the initial major upward wave might have concluded, with the price now gearing up for the second significant wave. 💎...
Maker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High ( sign of Uptrend ). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Trend : Downtrend on...
Very good weekly and daily support, strong & solid growth for the past few weeks. My opinion remains bullish, Makerdao is preparing for a long solid uptrend. Next stop - 1700$.
Maker is up-trending for a month but printed 3 shooting stars in a row, looks likely to retrace down to 100EMA support. ⚡️⚡️ #MKR/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.0% Current Price: 1270.0 Entry Zone: 1285.0 - 1340.0 Take-Profit Targets: 1) 1186.0 2) 1091.0 3) 996.5 Stop...
Hello everyone, I invite you to review the chart of MKR in pair to USDT, on the four-hour interval. As we can see, the price has left the bottom of the uptrend line. After unfolding the trend based fib extension grid, we can see that the price is currently holding a small support zone from $ 1117 to $ 1086, while we still have support at $ 959, however, when we...
Hello everyone In search of a good coin chart for long-term investment, I came across MKRUSDT. The chart is really very beautiful, because in January a long (1.5 years) falling trend was broken. It also took about a year for the coin to decide where it would go next. And now the bottom has been formed and the price has already consolidated above the important...
This currency has had a good growth and is in an upward trend, but it has shown a steep slope, which means that there is a possibility of a fall, or rather, a correction for this currency is possible. This correction is possible until the bottom of the channel, but if If we break the bottom, we will exit the upward trend and we can see a sharper drop
Despite the relatively high price, the Maker MKR token managed to double in price in a month . It turns out that now the MakerDAO ecosystem, which is one of the first projects on the decentralized finance (DeFi) scene, is now the locomotive that should once again accelerate interest in DeFi. At the moment, the MKRUSDT price is trying to gain a foothold above ...
💎Today, Paradisers, we delve into the compelling case for #MKRUSDT's long-term bullish potential and shed light on how far the price might ascend. The first signal of a trend reversal emerged with the break above the year-long wedge pattern. Following four months of consolidation, the uptrend firmly established itself. 💎 A crucial factor was the bounce off the...
MKR/USDT Elliott Wave Analysis: Anticipating a 20-30% Down Move In this Elliott Wave analysis of the MKR/USDT trading pair, we'll explore the current price action and wave count for Maker (MKR) against the US Dollar Tether (USDT). The analysis suggests a bearish outlook and the CryptoPatel is expecting a significant correction in the coming days. Please note...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MKR symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Mkrusdt Iam expecting price to reject from this channel trendline resistance and retest the lower support line Overall I am bearish on mkrusdt we cam expect atleast 15-30% drop incming days. Let's see Note : this is just an idea, do your own research before taking any decision