Ooooooooof!! Bearish 5-0 Pattern here? Not validated as of this posting, but a harmonic certainly appears to be forming.
Speculating the high PRZ between 1.13 & 1.618 fib extensions. ($809 -$910)
Low PRZ could be around extension 1.618 - 2.24 ($259 - $79)
Note : NOT trading or investment advice. Entertainment only.
TITLE/(DATE)-MKRUSD LONG (HODL) (9/24)
ASSET-CRYPTO
ORDER TYPE- LIMIT ORDER
Time Frame-1D
ENTRY PRICE 1- $480 (MARKET)
ENTRY 2- $430 (PENDING)
STOP LOSS- $350
TAKE PROFIT 1-$550
TAKE PROFIT 2- $650
TAKE PROFIT 3- $750
TAKE PROFIT 4-$850
TAKE PROFIT 5-$1000
BinanceUS will list MakerDao ( MKR ). Trading for MKR /USD and MKR /USDT trading pairs will open on Thursday,...
INVERSE SHOULDER HEAD SHOULDER (REVERSAL FORMATION)
The opposite of a head and shoulders chart is the inverse head and shoulders , also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price...
TITLE/(DATE)-MKRUSD LONG inverse shoulder head shoulder (HODL) (7/14)
ASSET-CRYPTO
ORDER TYPE- LIMIT ORDER
Time Frame-4D
ENTRY PRICE 1- $450 (MARKET)
ENTRY 2- $400 (PENDING)
STOP LOSS- $350
TAKE PROFIT 1-$550
TAKE PROFIT 2- $650
TAKE PROFIT 3- $750
TAKE PROFIT 4-$850
TAKE PROFIT 5-$1000
STATUS: ACTIVE
INVERSE SHOULDER HEAD SHOULDER (REVERSAL FORMATION)
The opposite of a head and shoulders chart is the inverse head and shoulders , also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price...
MKR is approaching the support at the $430 mark. It's already been stopped at this support 3 times in the past and never was broken through. I´ll wait for the testing of the support and then the first candle above the SMA line.(Not financial advice, stay safe!)
MakerDAO came to a critical phase, whether it will break upside or make a lower low, but my elliottwave count sees a better upside opportunity. Stochastic is also building up a bullish divergence. Let's see what will happen next.
I believe what's happening right now with MKR is a trend reversal not just a correction, I believe it could continue at this same pace for the next few weeks, i will update this chart as time goes on and state where I'm right and state where I'm wrong
Baised upon the time intervals and the angles I believe that a reasonable goal for MKR on July 10th is around...
Based on the wicks on the 4 hour it seems to be making a higher low indicating a change intrend. I am already long from 460 so if you are not in it yet the safest way to play this is to wait for the break of 500 and go long when you see 500 acting as support. This has potential to be a very good swing trade =). not sure what the target will be but we will continue...
