MKR
Two Months Recovered In 3 Days, Maker New UptrendIn 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, many more will follow with similar results.
Namaste.
MKRUSDT - big accumulationLarge position accumulation.
3 months someone collects a position.
Exit from the side movement will be the most interesting point of entry.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
MKRUSDT (Waiting for the Resistance Zone Breakout in day chart)#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...
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What is your Watch List for Crypto? Here is Mine 20201213What is your Watch List for Crypto? Here is my 3nd List, for the previous list please check the following Link.
List: XLM, ARDR,WINK,STRAX,MKR,INIJ,HARD,CVC
Welcome to share your Watch List in the comments.
I will share more coins, welcome to follow.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
My Crypto Combo Long Trades 20201210My Crypto Combo Long Trades
COTIUSDT, MKRUSDTP, TFUELUSDT, BELUSDT
Trade close manually when: the above ribbons turns Yellow or better Red.
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
MKRUSDT (Reversing From Support Zone)#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 ): $600
Resistance level 3(Target): $650
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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$MKR/USDT 8h (Binance Futures) Ascending triangle on support#Maker DAO is looking ready for a big move up like his little brother Compound already did.
On lower Time Frame we can see an ascending channel forming as well, this could lead the way up if doesn't pull-back more.
Current Price= 544.91
Buy Entry= 544.80 - 534.00
Take Profit= 561.69 | 586.21 | 617.15
Stop Loss= 517.11
Risk/Reward= 1:1 | 1:2.68 | 1:4.21
Expected Profit= +8.26% | +17.36% | +28.82%
Possible Loss= -8.26%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 720h
MKR triple challengePlease 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!
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- Downtrend is valid
- Below 200EMA
- MACD lines coming together
- Positive: inside golden pocket
Will you take a position in Maker?
MKR Maker upside potentialMaker 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.
MKR DAO (DEFI)Greetings,
MKR (Maker) coin, the price of the tool in the lateral movement, having shaped the horizontal channel external and internal, width external 70% and internal 25%. Also, the price broke the channel down several times and was fixed lower, but then it was bought back and the price was returned to the channel. The instrument is available for trading on spot and is available for trading in derivatives in a short on the huobi exchange.
Options for working with the instrument:
1. From external channel boundaries (risk)
2. From the borders of the internal channel (more secure)
3. When the price goes out and is fixed above or below a channel, in a short or long one.
At present, the price is within the boundary of the internal channel. A break-up of the triangle up or down, potential movement by the width of the triangle base. But for me personally, the most interesting is the deal from the borders of the external channel and when you go beyond its borders.
Always use stop loss, and do not use the leverage more than x3.
A trader should always have tomorrow.
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$MKR MakerDAO LONG TARGETSMakerDAO (MKR) is in a bullish swing and this is proved true by the higher highs formed on the chart. MKR is on its way to close out the top of this valley it formed in late August.
On this 4h chart we can see MKR trying to regain access inside this wedge as well as the $580 support level.
If MKR continues going upwards and finds these levels of support, the LONG Targets are as follows
TP1 🎯 $599
TP2 🎯 $628
TP3 🎯 $718 (Close out the Top of the Valley)
MKR Community Greenlight Polls
The MakerDAO governance facilitators have placed a governance poll into the voting system which asks whether the following assets should be prioritized for inclusion in the Maker Protocol by the domain teams.
If greenlight votes exceed defer votes, this poll is to be taken as a signal to domain teams that MKR Token Holders have approved further domain work with the aim of adding assets as collateral to the Maker Protocol
UNI-V2-USDT-ETH (Uniswap USDT-WETH Liquidty Tokens)
aUSDC (Aave USDC)
CRO (Crypto.com Coin)
UNI-V2-WBTC-ETH (Uniswap WBTC-WETH Liquidty Tokens)
UNI (Uniswap)
cUSDC (Compound USDC cToken)
OST-1 (UPRETS Oosten Fund I LP)
yUSD (yyCRV)
KF-DROP (Kickfurther DROP)
OMG (OMG Network)
CRV (Curve DAO Token)
Monthly MIP's Governance Poll
The Governance Facilitators have placed the MIP3: Monthly Governance Poll into the voting system. This poll asks whether the bundled contents of this month's Governance Cycle should proceed to an Executive Vote to be held on October 26th, 2020.
In saying all of this, there are obviously intrinsic factors to holding the Maker Protocol, because you get a certain amount of voting power just like a democracy.
As always please do your own research, I am not a financial advisor.
MKRUSDT AnalysisPeople who bought MKR on the last week of September, enjoy your 20% PROFIT that you made in 2 weeks!
As of now, since there are no sell signals, you don't need to sell it. But, the candle is on the resistance level at the moment, so if you'd like to take some profit, you can sell.
If you haven't bought MKR yet, and if you want to buy, there are 3 BUY signals are present at the moment and risk-reward ratio is higher than 2, so you can buy right now.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
Maker Price Prediction: MKR Poised For Breakdown To $500
Maker holds at ascending channel support after rejection at $600.
MKR/USD could explore levels below $500 if the 50 SMA support caves in.
Maker, a leading project in decentralized finance (DeFi) is showing signs of retreat. The bearish outlook comes after another rejection from $600. At the time of writing, Maker is exchanging hands at $535. It is also holding at the ascending parallel channel lower boundary. Bulls are very keen on holding onto this support because a retreat below this zone could open the Pandora box.
The DeFi ecosystem has revolutionized finance in the blockchain industry. It possible for individuals to stake, take collateralized loans, and stake across multiple decentralized platforms. Maker has had a remarkable performance in the sector this year.
The funds locked in the project have increased drastically from around $200 million in January to $1.8 billion. Over the last 24 hours, the value of funds locked has decreased by 6%. The retreat is not alarming for the project owing to the losses posted by other DeFi projects as per the data by DeFi Pulse.
The Relative Strength Index (RSI) has retraced from the overbought area, highlighting the bearish grip. If the channel’s support caves, the next target is the 50 Simple Moving Average (SMA). It is essential that buyers hold above this SMA. Otherwise, the bearish party is likely to continue with losses likely to hit levels around $500. The 100 SMA in the 4-hour timeframe will absorb some of the selling pressure.
IntoTheBlock’s IOMAP model reveals a lack of substantial resistance towards $600. The range with the most concentration of sellers lies between $538 and $553. Previously, 1,200 addressed bought 79,000 MKR. If this level is turned into support, MKR/USD could start the rally back to $600. On the flip side, robust support lies between $490 and $505. This means that Maker could still plunge to $500.
Maker Intraday Levels
Spot rate: $536
Percentage change: -6.8%
Relative change: -40
Trend: Bearish
Volatility: Low
Will DEFI Continue to Correct?DEFI has been a huge part of the crypto market as of late. So it is important to keep an eye on the index for this group. Today we will be looking at the DEFI ticker and see what we can find out. Let’s hop onto the chart!
So since the market topped, we have watched the DEFI downtrend take place. There are some signs of a reversal here, but we need to see a higher low be put in on the price and the RSI to be sure of a reversal. Right now, we are seeing a failure on the trend line, but we could see the 61.8% retracement act as a support. If we fail here, we will likely go down to the 78.6% retracement and put in a lower low. This would likely create a second bullish divergence and we would feel comfortable taking a long position if this occurs. Overall, it looks like the trend will continue for now.
Happy Trading!
MKR/USDT 6h (Binance Fut.) Descending channel facing resistanceMaker is facing parallel channel resistance again, I expect more downtrend.
Current Price= 460.33
Buy Entry= 459.80 - 472.10
Take Profit= 438.07 | 413.21 | 385.28
Stop Loss= 492.41
Risk/Reward= 1:05 | 1:1.99 | 1:3.05
Expected Profit= +17.94% | +33.96% | +51.93%
Possible Loss= -17.04%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 3x
Estimated Gain-time= 480h