On a 1D TF, MKR/USDT is in a Descending triangle, broke up with huge volume. (Note: Typical a descending triangle is a bearish pattern). Due to CBPRO listing, MKR broke out of the descending triangle pattern couple of days back and now it retested the 0.618 FB which is 511$ will definitely act as a strong support. One should consider entering this as an...
After the news that the asset will be traded on the exchange Coinbase .
There was a pamp. I think the news is already in the price.
Locally, you can wait for the bounce if we hold on to the key level.
Looking at 1h you can see how it is pressed to the level. And there's a close retest of the level.
We'll most likely go lower.
Interesting buy levels 380$ 362$...
MakerDAO is the favorite of the decentralized dollar projects. DAI is going to be important in spreading a stablecoin into regions of the world that have no physical bank locations. In 3rd world countries, people will never have to interact with a bank like JP Morgan. They'll leapfrog to platforms built on top of DAI and BTC that have everything a traditional bank...
