Maker exhibits a continuing upward trend, moving fluidly with occasional technical corrections and brief pullbacks. Currently, Maker is nearing the resistance zone between $1,568 and $1,637, coinciding with the asset's yearly high. The primary objective for MKR now is to maintain its growth trajectory. Should buyers manage to break through the aforementioned...
Examining the MKR waves, we found that the MKR is inside a diametric that now looks set to complete the E wave. Now it is inside a resistance zone, by crossing this resistance it can move much better towards the target. I also marked the nearby DEMAND on the chart
"This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and...
The maker coin is showing bullish divergence in 2 hours candle And the stable could coin is bouncing from 1280.00 Buying from the current level with the target around 1465 will give us 9% growth with 1:3.57 risk reward ratio. The desirable SL will be 1310.00
Hello. • The Final target of the Maker should be here or around 1410-1440$. • We have a beautiful Elliot waves. 5 waves is soon finish. • The retracement should be at 970 dollars. 0.5 FIB and the last big support of W formation. Good luck.
MKRUSD turned overbought (RSI = 71.689, MACD = 59.900, ADX = 32.319) as it extended the rally that basically started on August 25th. The wider pattern is a Channel Up and the current run carries similar characteristic with the first run of this Channel. The RSI patterns are identical and symmetry wise we have started the rise to the third peak of this sequence. We...
Maker (MKRUSD) broke and closed the 1D candle above the 1D MA50 (blue trend-line) for the first time in ten days, after rebounding on the Higher Lows trend-line. Along with the 1D MACD Bullish Cross, this is an initial buy signal that will get confirmed after the price closes a 1D candle above the 1W MA100 (red trend-line), which caused a rejection on August 02....
Very good weekly and daily support, strong & solid growth for the past few weeks. My opinion remains bullish, Makerdao is preparing for a long solid uptrend. Next stop - 1700$.
NFA DYOR y axis only maker sitting on the launchpad of wave 3 of 3 of 3 circulating supply 977K One of the cleanest wave structures in crypto imho
I am always surprised by these super expensive Altcoins and how they can grow and grow regardless of their super high price... Tells you how strong the market is. Here Maker has gone above the limits on the RSI and the MACD is now strongly bullish but allowing more. This bullish wave can continue with rest periods of 3-5 days followed by additional growth. We...
Let's talk a little about #MAKERDAO and #MKR token. Did you know that this protocol works exactly like #Terra #Luna? Abstract from WhitePaper "If the Collateral Auction does not raise enough Dai to cover the Vault’s outstanding obligation, the deficit is converted into Protocol debt. Protocol debt is covered by the Dai in the Maker Buffer. If there is not...
Maker (MKRUSD) has had an incredible bullish run since June 12, being currently on the 6th straight green 1W (weekly) candle. This rally has taken a stop on the 1W MA200 (orange trend-line) two weeks ago but more importantly it faces an even stronger Resistance from the October 03 2022 High at 1165. This is taken from the previous Cycle and the early 2019 fractal...
MKRUSD is approaching the MA200 (1w) which is untouched since October 17th 2022. The price has already closed over the MA50 (1w) last week for the first time since March 28th 2022, giving a clear long term buy signal. A closing above the MA200 as well, is the next buy signal to take advantage of. Trading Plan: 1. Buy if the price crosses over the MA200 (1w). 2....
The only road at this point is up! COINBASE:MKRUSD is sitting on a ton of weekly support as you can see. This is a point that the bears become meat for the bulls to eat! ;-) Bullish!
COINBASE:MKRUSD is moving forward after this bear market. After doing some analysis, this is my final thoughts so far.
An idea showing a recovery out of a small channel. A curved bowl can be drawn outlining the fall to rise a lot better. I think the falls are done for MKR as a large horizontal resistance is also being hit.
Maker has gotten pounded over the past year, beaten all the way down to its 2019 accumulation range. Looks quite intriguing, severely oversold with a few on chain whales shuffling in. Looks like do or die for this coin in this range - however R/R looks good added to the watchlist.
As expected MKR is making a downtrend to a lower low, it's confirmed on the daily. Let's bring that b*tch straight to 450$, half work is no work! Buy zone 450$!