our previous Analyze on Maker goes wrong. it happens usually in market,
we are under dynamic resistance in daily and as you can see there is a pivot area in daily if the price could cross dynamic resistance and pivot, after a pullback to 800 we can get a long position(scenario 1), but I think we are still in a downtrend and Red line on the chart is more...
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a...
as you can see we are in an uptrend channel in 4H actually seems it was a pullback to a broken pivot daily, and we are in a supply zone, if you are long it's better to save and risk-free position,
also, we have divergence in 4H and 1H, you can short in here with tight stop loss or you can wait to break dynamic support then short...
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.
A Trading Signal is seen in the MKRUSDT Maker.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 727
⭕️SL @ 675
🔵TP1 @ 867
🔵TP2 @ 1008
🔵TP3 @ 1225
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us...
Hello dear Traders,
Here is my idea for #MKR
Price closed above yellow line (previous month high)
Price closed above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with...
Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start...
After checked in a couple of timeframes and verified liquidity, seems that MKR is about to broke his strong support just to make a bulltrap and change his trend. Also don't forget to calculate your entry in PULLBACK after confirm trend change