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MKR

MKRUSDT (MKR) - UPDATE 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 continuation. BUY ENTRY ⬆️ - Breakout above the descending triangle's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - ATH resistance - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the descending triangle's horizontal support.
Long
by Chibuike_Odoh
MKRUSDT (MKR) - UPTREND CONTINUATION 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 continuation. BUY ENTRY ⬆️ - Aggressive entry (risky) : current market price (now). - Conservative entry : breakout above the symmetrical triangle's inclined resistance. TARGETS 🎯 - ATH resistance - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle's inclined support.
Long
by Chibuike_Odoh
2
MKR/BTC Inverted Head and ShoulderMKR/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 mother of all defi projects, a Market cap/TVL ratio of only 0.31 at the moment is extremely low in my opinion, even when looking at the fully diluted market cap it is only 0.35. I am extremely bullish on MKR from todays price point. It has been going sideways for the past 2 weeks and is ripe for another big move to the upside.
Long
by JA91
Optimistic price projection for the next scenarios in MKRUSDT 4HTechnical analysis regarding the price of MAKER in relation of dollar Tether for the next scenarios, based on 4 hour movement. Price broke through this bullish channel which also coincides with a region of considerable resistance. Financial volume gaining proportion also making the candles normal and proportional to the volume that is readjusting in its main upward trend. Parabolic SAR gaining oscillation at low price, guiding you. Exponential Moving Averages gaining significant distance and following the primary upward trend! I strongly believe in the potential of this cryptography in the medium/long term. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Long
by luizhcruz
1