ANALYSIS 🔎 - MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH . - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a descending triangle pattern . - There's a possible uptrend...
MKR is finishing consolidation phase and will go to retest 2050$ zone. The 4100$ target is reachable 🙏 .............................................................................................................................. SPOT MKR / USDT 🔰Entry: 2050 Target1: 2660 Target2: 3100 Target3: 3650 Target4: 4100 ⛔️ Stop Limit: 1840 << INFO >> R/R Ratio:...
ANALYSIS 🔎 - MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a symmetrical triangle pattern. - There's a possible uptrend...
MKR/BTC seems to be forming an inverted head and shoulder, with an upwards potential of roughly 30% if it breaks out above the white resistance line. From a fundamental perspective MKR seems undervalued compared to its peers in the Defi space, with a current market cap of roughly $1.5b, below most big Defi players despite the fact that it can be seen as the...
deep liquidity tested and bounced. If support is found look for rise to local resistance.
Keep an eye on MKR based on the breakout we can open long or short.
MKRUSDT is consolidating in a symmetrical triangle pattern on the 1H timeframe. Breakout is imminent. Bullish ⬆️ - breakout above the symmetrical triangle's inclined resistance. Bearish ⬇️ - breakdown below the symmetrical triangle's inclined support. Possible price actions and targets are indicated on the chart.
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0233). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MKR/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0233). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MKR/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
In the last 3 days, Maker (MKRBTC) has recovered as much as 2 months of bleeding and starting a new uptrend. This is another signal that speaks positively as to what is happening with the altcoins market in the coming weeks. We are seeing many altcoins recover printing strong growth/green. This is only the beginning of course, and just as this Altcoin grows,...
MKR is gearing up for a breakout. While many alts have seen large gains and breakouts from this same pattern, MKR has not. However the volume has been bullish on this potential reversal pattern, suggesting people are hoping for a breakout here. The bullish candles have all had significantly higher volume than the bearish ones. It is not overextended on any...
#MKRUSD Technical Analysis Update Waiting for the Resistance zone Breakout MKR/USD currently trading at $578 LONG ENTRY: Above $620 (Only enter long if day candle closes above $620) STOP LOSS: Below 550 Max leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
#MKRUSDT Technical Analysis Update Reversing From Support Zone We can see several times MKR touched support zone, now it's trading in the support Level. I believe it's going to bounce from the support level MKR/USDT currently trading at $520 LONG ENTRY level: $ 500 - 520 STOP LOSS: below $490 Resistance level 1( Target): $555 Resistance level 2 (Target ):...
MAKER entering a solid buy level, this token rarely spends time down here. As long as support stays strong, gains should be good. I still believe this is a strong coin going forward.
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------ - Downtrend is valid - Below 200EMA - MACD lines coming...
Maker is looking bullish on lower timeframes. Buy and Sell Signal forecast on 3 timeframes: Buy on 1 hour timeframe Buy on 5h timeframe Buy on the daily chart If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Price is printing an ascending triangle pattern. Breakout above pattern resistance could be a bullish signal ⬆️.
Interesting 17 month long head & shoulders pattern developing on MKR. Target is 2x head to neckline measurement, that would also re-test the horizontal resistance and beginning of neckline from June 2019 high. Price otherwise looking for support from the VPVR Point of Control around 0.047, while RSI has broken back into neutral territory from bearish. CMF has...