12h time frame
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MKR is on the way to build 5 waves, already completed 3 waves from 500~1590. The most important thing here is where is the end of 4th wave(correction wave). According to structural support and 0.382 Fibonacci Retracement, 1350 is the potential end of 4th wave, also will be the start of 5th wave(final pumping wave), which target is 1800~2000....
Horizontal supp/resistance in yellow lines
1x ascending support line
1x descending resistance line
1 long scenario if descending wedge plays out for a double top
1 short scenario if breakdown from ascending support line
I invite you to review the chart of MKR paired with USDT. First, we will use the yellow line to mark the downward trend from which MKR came out on top, while locally, we can use the blue lines to mark the upward trend channel in which the price is moving.
When we unfold the Fib Retracement grid, we will notice that the price has approached the support level of...
Clear reversal pattern. Money Flow Index goes down. Volume profile shows no buyers
Entry: 1450-1370
Stop loss: 1599 (potentially can be also 1500 with manual closure)
Target profit: 1245, 992, 698
RR: 1.3-3.5
Duration: up to 100 days
Our uptrend line is reserved for the time being.
In the daily time frame, the crab pattern has appeared for us, which overlaps with the negative divergence of the RSI in the same time frame.
This pattern is a reversal of the trend.
If the upward trend line is broken and the range of $1,383 is consumed, the possibility of a corrective trend will be strengthened up...
Maker is a peer-to-contract lending platform that enables over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. As MakerDao's token, the unit price of MKR has always remained at a high level. You can know from on-chain detectives that MKR is favored by whales as a trading token. MKR has risen since...
practising My MKR-USDTP trading plan for next 24 hours. now preforming retest...looking for price action to sweep LL and take out early longs from yesterdays range low
Is MKRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1400 followed by 1220.
What you guys think of it?
💥💥#MKR Analysis : Perfect Scenario
🚀🚀
🔮#MKR is following a rounding bottom pattern for a long time and the price reached near neckline. We can see a good breakout in #MKR💸💸
👀Current Price: $1510
🚀 Target Price: $2650
⚡️What to do ?
👀Keep an eye on #MKR price action and volume. We can trade according to the chart and make some profits. Stay tuned for...
❇️ mkr analysis in the short term (4H timeframe)
💹This coin is placed in a new channel, which according to the routine, we will take a long position at the bottom of the channel and a short position at the top of the channel (with the priority of orderblocks).
📊The type of channeling is unconventional and is drawn in live market, and it is different from the...
Hello Paradisers, turn your attention to this token!
💎 MKR has been unable to establish newer highs on the daily timeframe and faced rejection in the supply zone.
💎Currently, MKR has decisively broken past its previous higher low, establishing a lower low - a bearish indication.
💎It seems MKR might be gearing up to form a new lower high before potentially...
this coin has completed 5 wave in daily chart with divergence between wave 3 and 5 , also there is another divergence in weekly chart . moreover , it is on the top of its descending channel . so I expect a correction in the coming days.
