We now see that Maker has made it's move up near the old and major resistance around 1575 area (which you can look back to on both daily or weekly chart, around january 2021 and may 2022). With such a strong resistance, and high volitality BTC, I have three possible scenarios in mind (as shown on chart):
1. MKR tests resistance, manages to break out. If this...
BYBIT:MKRUSDT.P
Goodmorning people once again we are back with another trade this morning once again everything is pretty high up in the air, but I feel mkr here has a nicely structured bottom as it seems to have grabbed its liquidity point. we are chipping away here day in day out, I want to show you guys what consistency does in a raw type of way... not just...
💎 MKR is undeniably on our radar. Currently, MKR is rebounding from a demand zone and is exhibiting patterns consistent with a bullish falling wedge formation.
💎 The recent daily candlestick closure as a bullish hammer further emphasizes the potential upward trajectory for MKR. However, for a more concrete bullish confirmation, it's essential for MKR to break...
Hello snipers, nothing is impossible. In the one-day time frame, the price is moving in an ascending channel. After hitting the ceiling of the overturned channel, the price crosses the midline and approaches the upcoming support. The price is above the 103-day moving average, which is a very strong support. All analyzes are only possibilities.
BYBIT:MKRUSDT.P BYBIT:MKRUSDT.P
Look at mkr from this point of view has me confident on the little area I have marked out 'little box' I think we see a reaction; I know that I am on a losing streak right now but that's a part of my game and I am being completely consistent through it which is all that matters to me.
much love everyone.
12h time frame
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We've been talking about MKR since July 14th. Now it broke the bullish flag(yellow arrow), which is a strong sign. Currently MKR is retesting this flag, and here is also the support of uptrend line. According to previous perspective and analysis(ref.1 and ref.2), MKR has higher target over 1800. Therefore, here is a good position to set trading...
Hello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
When we unfold the Fib Retracement grid, we can see that the price is above the support zone from $1,487 to $1,456, and then we mark the second strong zone from $1,406 to $1,371.
Looking the other way, we see that...
⚪ As we analyze MKRUSDT's price action, a critical development emerges. The breach of a significant supply zone from August 2022 piques our interest.
⚪ What's even more intriguing is the transformation of this zone into a potential demand area, halting the current pullback.
⚪ This presents an attractive buying opportunity for traders and investors. Moreover,...
The price after Break the daily resistance in the lower time is in the Bullish channel. If confirmation (candle after 4-hour pin bar is not yet confirmed) and matching with Bitcoin levels can try to Cross up from this Level or from the bottom of the channel. This analysis is the person's point of view and the offer is not buy or sell
Hello everyone, I invite you to review the MKR chart in pair with USDT, on a one-day time frame. First, we will use blue lines to mark the upward trend channel, which contains data around the additional range.
Going forward, the point of support will be marked in the event of a larger correction. And here, the first one is our support zone from $1,404 to $1,539,...
MKR has been on a strong upward trend for some time now.
A bearish CH can be seen on the chart and we also have an order block resistance zone.
We are expected to move down to the specified targets.
I specified the invalidation level, closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and...
Potential fail to take resistance with failed breakout and hence continuation of the downward trend. MFI - start to fall, BB% goes to lower ranges.
Entry: 1464-1479
Stop loss: 1487
MKRUSDT has created an interesting structure, where the price shows a falling wedge pattern on the hourly timeframe. Here we see a breakout confirmation needed where we expect a possible rally towards the recent high formed close to 1570
