🧠After reaching the TP zone, we entered the correction phase according to the double top short structure, and the goal of the double top short structure was fully achieved.✔️ After that, we also had a good rebound. From a time period perspective, we are consolidating sideways, which shows that we don’t seem to want to choose to continue the deep correction. As...
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...
Yesterday, I published this double bottom pattern of MKR as I'm in the wait-and-see mode for a possible scenario - 1) a breakout or 2) a price rejection. The coin had a breakout on its neckline, thus lead to the activation of the bullish pattern as it nearly approaches our target profit area, I also put a protective stop loss, thanks to the .618 fib area to...
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
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 ...
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
Mkrusdt 4H time-frame Chart is looking bearish on 4h timeframe facing double resistance, trendline + horizontal and volume is not enough for brrakout iam expecting price to retest again the channel support level Let's see Note : This is just am idea not financial advice do your own research before taking any decision If You Are satisfied with our work...
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...
1D time frame - MKR retesting that brokeout strucutre TP: 1440 and 2050~2270 SL: 500 *Notice entry is very far from SL(over 40%)*
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...
The situation with MKR is as follows: After the market crash, this cryptocurrency had one of the best performances and quickly managed to recover itself. One of the most important support levels for MKR is the support trendline that I have marked on the chart with a green color. This support trendline had been lost for some time, but finally, after two attempts,...
- resistance - support trendline ( 3 touches ) - volume at the top - divergency on my indicator if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
MKRUSDT Technical analysis update. Short level : Above $855 Stop loss : $890 Take Profit 1 : $825 Take Profit 2 : $765 Take Profit 3 : $705 Thanks Hexa
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...