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MKR

MKR/USDT 1WHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see that the price has returned to the downtrend, but we are still above the main uptrend line. Let's start by setting goals for the near future, which include: T 1 = $2,183 T 2= $2,548 T 3 = $3,121 AND T 4= $3,554 Looking the other way, there is very strong support at $1,277, but if it is broken, the price drop may be much greater. Looking at the RSI indicator, we see that it is at a very low level, which may result in a change in the direction of movement in the coming weeks.
by cryptodailyuk
1
Alikze »» TAO | Retest the bottom of the ascending channel🔍 Technical analysis: Retest the bottom of the ascending channel - In the 4H time frame, after a price pump in the range of $162, it has been moving in an upward channel for some time. - In this ascending channel, after hitting the ceiling of the channel 3 times and not being able to break the range, it has faced selling pressure. - Currently, in the middle of the channel, after suffering for a while, it has again faced selling pressure. - According to the behavior and structure of this correction, it can extend to the area of ​​$278, which is in the range of the bottom of the channel. After that, it can have a retest to Fibo 1.618 and neck line, and then continue the correction to the $250 area. - In addition, if the $250 range is broken, the correction should continue until the origin of the downward movement. 💎 Alternative scenario: If in this ascending channel it can stabilize above the neckline after the pullback to the broken structure, there will be a retest to the top of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« MEXC:TAOUSDT
Short
by alikze
Aug 19 and week's overview.Overview: The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable. Global Liquidity: Growing, which is bullish. Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness. Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline. Weekly: Range trading with no divergence. Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move. 4h: No significant changes or divergences. 1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity. Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis. Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash. Bear Case: Swing traders may turn bearish and start selling off. Fear and Greed Index: Rising, currently at 46.14 since August 16th. Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%. Opportunities: AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain. UPCOM:FTM : Has reached its weekly resistance at $0.4. Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
MKR-USDT 4HHello everyone, I invite you to a quick review of MKR in pair with USDT on the 4H time frame. Let's start by discussing the movement, because we can see the upward exit from the local downtrend channel, which resulted in maintaining the upward trend line. Currently, you can see that the price is approaching a significant resistance level of $2,986, when it breaks above it, the next resistance is at $3,256, and then a very strong resistance at $3,446. However, if the current resistance rejects the price, we can see strong support at $2,688, further support at $2,419, and very strong support at $2,229.
by cryptodailyuk
MKR - USDT 12h IntervalHello everyone, let's take a look at the MKR to USDT chart on a 12h time frame. We can see here how the price has moved upwards from the downtrend line, maintaining the trend of the uptrend line, while currently we can see a movement in the local downtrend channel. After unfolding the fib retracement grid, you can see that the price is at the support level of $2,557, then it is visible at the support level of $2,269, and then there is strong support around the price of $1,781. Looking the other way, there is resistance at $2,793, the next one is at $3,278, and then there is a very strong resistance at $4,085.
by cryptodailyuk
1
Alikze »» MKR | Bullish Flag🔍 Technical analysis: Bullish Flag - It has been moving in an ascending channel in the daily and weekly time frames. - According to the analysis presented in the previous post, there has been a modification to the bottom of the channel and the ceiling of the previous major. - There is now an ascending flag form with a pullback to the broken cap structure of the major. - Therefore, if the green box meets the demand, according to the momentum and corrective structure of wave 4, it can have targets of 5000-5600-6250 up to Fibo 1.618. To continue the path, it must be above 2500 dollars to touch the specified goals. 💎 Alternative scenario: In addition, according to the previous analysis, if the green box breaks down, the next target can be the range of $1250. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
2
Alikze »» ENA| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel - In the analysis presented in the previous post , it was able to move up to the 0.78 Fibo range according to the predicted movement path, which then encountered a correction that also traversed the alternative path. - Currently, after breaking the downtrend channel, it has re-entered the channel. - It is moving in an ascending channel in the 12H time frame. - After breaking the support area, which is now a supply range for an upward trend, it has faced selling pressure, which, of course, has tried to break it several times, which has failed so far. - Therefore, if it can maintain the 0.39 area and stay above it, it can break the supply area and have an upward movement up to 0.586. - Furthermore, considering that the supply zone is in the middle of the downward channel, if it fails, it can test the 0.78 Fibo zone again. 💎 Alternative scenario: In addition, you should note that breaking and stabilizing below the 0.39 area can continue the downward trend up to the Fibo range of 1.618. 🎯 Targets: 0.586 - 0.78 Fibo 🟩 Support: 0.39 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ENAUSDT
Long
by alikze
Integration of RWA---- MKRIf you think we're still in a bull market and want to find a track for Alpha, then RWA must be the place with better soil and fertilizer. The near-listing of the ETH ETF and the impending easing of monetary policy will provide a large amount of funds for the crypto. These funds are mainly asset management companies and enterprises. They will look for compliance risk targets to increase their crypto positions. Apart from directly holding BTC and ETH, what I can think of is the RWA track. Probably in the last few weeks, you can see an increase in the number of news mentions about RWA on social media. Some asset management companies that issue BTC ETFs have begun to get involved with RWA. We mentioned the leading projects in the RWA track a few months ago, such as MKR and ONDO. But unlike at that time when they were fighting separately, today's RWA track is becoming more and more integrated as a whole. Today, let’s take another look at MKR. As one of the protocols with the highest revenue in the crypto market, MakerDAO received an impact from the challenger ONDO in 2024, and due to miscalculation and increased USDe positions, many DeFi protocols increased their vigilance towards DAI. This has also caused the price of MKR to enter a continuous decline since April. Aging and opposition do not lead to improvement. Recently, MakerDAO changed its original strategy and expressed its willingness to use US$1 billion in investment and US Treasury bond products from its treasury. The move attracted a number of RWA protocols, including BlackRock and original contender ONDO. The market interpreted this as MakerDAO’s strategy for ONDO changing from confrontation to complementarity. Benefiting from this, MKR prices have rebounded in recent days. After talking about the changes in fundamentals, let’s take a look at the reaction on the indicators. Earlier than MKR’s policy change, the TSB indicator prompted a BUY signal on July 11. After that, MKR started an upward trend and broke through the 4h-high of 2600. The current column is far away from the wavy area of the TSB indicator, and the bullish trend is healthy. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
Alikze »» HFT | Support at the bottom of the descending channel🔍 Technical analysis: Support at the bottom of the descending channel - It is moving in a downward channel in the daily and 12H time frames. - Currently, there is demand in the area of ​​the bottom of the descending channel and the beginning of the movement. - Therefore, if this demand continues in the range of the green box, it can continue its growth up to 0.195 first. - In addition, if it stabilizes at the top of the range, it will succeed so that the supply range and channel ceiling have an upward trend. 💎 Alternative scenario: if it cannot maintain the green box area and the bottom of the channel, this correction can continue up to the range of 0.0977. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:HFTUSDT
Long
by alikze
4
MKR is still bearishFrom where we entered "start" on the chart, the price has entered the correction phase. According to the data we have on the chart, this correction looks like a diametric diamond pattern. A supply resistance range is formed on the chart, and if the price reaches this range, we expect the price to reject downwards. We expect that the last wave of this pattern will be completed on the green range and then the price will be pumped upwards. Closing a candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
MKR/USDT 1D Chart ReviewHello everyone, let's look at the 1D MKR to USDT chart, we can see how the price is moving in a descending triangle defined by yellow lines. Let's start by setting goals for the near future that we can include: T1 = $2,599 T2 = $2,946 T3 = $3,512 AND T4 = $3,909 Now let's move on to the stop loss in case of further market declines: SL1 = $2,200 SL2 = $1,890 SL3 = $1,724 AND SL4 = $1,407 When we look at the RSi indicator, we can see it moving around the middle of the range, with room to move in both directions. However, the STOCH indicator shows that we are bouncing off the upper limit, but the price movement itself is not large.
by cryptodailyuk
MKRUSDT Losing Momentum and Ready for More Downward Move? Yello, Paradisers! Are you ready for a high-stakes scenario with #MKRUSDT? We have analyzed the asset and it seems ready for more downward move: 💎There's a strong likelihood of a bearish continuation as the #MKR heads to retest its key support at $2088 within the descending channel. This level has held up so far, but the fading trading volume and 3 times rejections from the channel's upper level hint at a further price drop toward the highlighted demand zone. 💎If #MKR breaks the support level at $2088, we expect a retest of the demand zone below this level due to the continuous selling pressure. 💎However, if #MakerDAO does not break below the $2088 support and instead climbs, the retest of the descending resistance of the channel and the Bearish Order Block (OB) above it is possible. This zone has consistently attracted heavy selling pressure and will likely drive the price further down once touched. 💎Should #MKR revisit this critical demand zone, securing a rebound is vital. Failure to recover here could fuel bullish momentum and increase the chances of a breakout from the current descending channel. This move will automatically invalidate the short scenario. Stay disciplined and focused on your trading strategy. If you master these principles, you will already be ahead of most traders. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Simon
1
Alikze »» MKR | Retest the bottom of the ascending channelIn the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone. 💎 Currently, according to the momentum and downward guard, after an attempt to the midline of the channel, it is continuing to correct to the bottom of the channel. 💎 According to the trading node and the previous major ceiling, this correction can continue until the green box area. 💎 Therefore, it is expected that after one attempt to the area, the correction will continue until the green box area. 💎 In addition, if it has the ability to break the supply area of the red box, it can retest the previous ceiling. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Short
by alikze