Update .This is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
Please support the idea by clicking the like button and expressing your opinion in the comment box
Leave a comment that is helpful or encouraging....
Maker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 5760 and even higher. MKR been money maker lately (see related idea), so I hope this ATM🏧 is still working! There are 2 different SLs, one tight, one wide. I will split the position into two (equal size) and will go with both SLs.
Good day to trade, folks🔥
There is one more trade opportunity on crypto market.
Symmetrical triangle on MKR/USDT crypto pair.
Previously price had strong bearish sentiment.
It could be an interesting signal for bear traders.
According to Elliott Waves theory Wave D is done and now price is heading to Wave E.
So follow the chart and look for the best price to...
Maker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 4870 and even higher.⚡
ENTRY : local high @ 3667
SL : local low @ 3290
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 4870
RRR : 3.25
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
Update. Previous goals have been successfully achieved. Now here are the following entry areas. And also the following goals.
This is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
Please support the idea...
You can look at it as a inverse head and shoulders or like a cup and handle pattern. Anyway to me it seems like it's a reversal structure.
For confirmation we need to break horizontal resistance!
For every new follower i will add a new idea :)
MKR formed a falling wedge pattern on 2hours, 1hours, not that visible on the 4hour time frame. The 4 hours StochRSI is also oversold meaning a good long from that position. Apply proper risk management ✍️✍️. Happy trading
After breaking the triangle in the 1 hour time frame, climb to the specified resistance range and after the conflict in this area
Climbed to the specified prz area due to high momentum in 1 hour time frame, there is a possibility of failure
If the area fails, you can take a position
MKR has just been printing money laterly. Creators of DAI and the Collateralized Dept Position platform for ERC20. One of the lowest supplies in a gov token. Which is why it's no surprise it flipped Ether.
Possible short already under way, we'll see how this plays into the next 4hr.