Summarized Detailed Analysis of #MKRUSDT
Time Frame: 12 Hours (12H)
Overview
MKR/USDT is currently trading within a descending channel pattern, indicating a period of consolidation within a defined downtrend. A breakout from this pattern is imminent, and in the event of a successful breakout, a bullish move of approximately 20% is anticipated.
Key...
BINANCE:MKRUSDT Short idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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BINANCE:MKRUSDT IDEA
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
12h time frame
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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...
12h time frame
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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....
4h time frame
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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
BINANCE:MKRUSDT has now faced a strong resistance line after a magnificent bull run that managed to raise the price from $500 to $1,250.
It seems that this is the end of the upward movement of this currency. As we can clearly see, the 5 Elliott Waves are beautifully completed.
But how far can the price correction continue and where is the best entry point?
In my...
The price has hit the confluence of monthly, weekly and daily resistances. It is experiencing the pull back from this resistance. I think this is pretty stromh resistance and has a higher porbability of holding the price for some time. Below this, there is a support level which is again a confluence of monthly, weekly and daily support levels which makes it a very...
MKRUSD - MKRUSDT - BINANCE:MKRUSDT COINBASE:MKRUSD
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
Buyer's area from where there was a 1000% increase last year
Someone is neatly absorbing all the sales and not letting them get near the $600 level
Price a clamping down in a flat bottom triangle.
if price made A break down move i will open a short. A breakup of the blue trend line i will open a long position. Tomorrow's daily will decide what a position I...
🟢 MKRUSDT
TF: 1W
Side: Long
SL: $581.45
Leverage: 5x
TP 1: $1,036.04
TP 2: $1,317.26
TP 3: $1,544.55
MKR is about to give a buy signal on the weekly chart!
Buy and hold for the next few months on spot with 5x maximum leverage.
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Everything on the chart.
Globally we're in wave of (IV).
Waiting for an upward movement either from the current price, or through a some update of the last low.
It all depends on btc, if btc will formed global triangle then yellow option,
if on bitcoin we get a...
