Maker has formed a reverse head and shoulders pattern and looks ready to move up to test previous resistance/support.
*This is not investments advice, trade at your own risk.
Keep an eye on this. If we break the neckline it can be an easy way to make 10% on your trade. Remember, wait until the breakout is confirmed to make your trades and set proper stoploss to protect yourself.
I am not a professional and these thoughts are just my opinion.
I writing this for a friend of mine how invested heavily on this token. We all were impacted in our positions for the latest orchestrated manipulation to bring crypto price down so the big pockets can buy cheap. I believe in projects (ETH, ADA, AAVE, etc) so firmly that I will keep buying the dips. So here it is.
Maker currently shows signs of a bullish mode. The...
MakerDAO, Lightning Labs are in World Economic Forum's list of tech pioneers for 2020
Maker is an ERC20 token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to manage another Ethereum token, the DAI stablecoin, that seeks to trade on exchanges at a value of exactly...
Have had a good run in Maker. I love this coin for its huge green candles! Taking some profit on 250%, will ape in on a big dip, might buy back a bit if it consolidates for a while near the bottom of the consolidation zone if it develops.
Closed out a position quite a while ago after some big candles, it consolidated there and then started banging up...
MKR is currently trading above the support zone $4000. As long as MKR is above this zone, we could start seeing a move towards $4742, $5191, $5554, $5917, $6434, $7093 and $8994. If this support breaks, we could start seeing a drop towards $3770, $3515 and $3171.
MKR is currently trading at $4238 with a market cap of $3,825,122,943. Its 24 hour trading volume was...
MKRUSD looking real hot on the Heikin Ashi, making new highs.
I got in on the consolidation. If you missed it, I'd wait for a pullback on the 4HR or daily. For the noobs - ALWAYS trade with a stop loss. Especially on this as I feel it's a bit untested.
Agree / disagree? Lemme know! Educate me.
Good luck!
