The positive opening of the half-year supports the altsDue to the passage of an important time limit at the change of the half-year, I think it is worth considering the market situation. Last month, the reversal of monthly candlesticks on the tops, which I predicted, worked well, but investors were in no hurry to invest in altos until the very fact of a positive closing of the half-year and a signal for further market support. The most positive scenario for which there were all chances was the opening of the second half of the year above 2250 on the air and 32.5 on the cue ball, which would give reliable technical signals for continued growth to 2750-3500 and 37.5-45k, respectively. However, an opening above 1900 and 30k is at least a signal for a flat, with the probability of further growth remaining up to 70%.
The absence of an obvious threat of a new drawdown of the tops is already enough for more or less reliable investments in altos, which is why the revival of individual coins since the last days of July is connected. On the inertia of last month, we can expect to maintain purchases on the tops at least until mid-July. In these two weeks, the altos have the opportunity to consolidate growth. In the absence of surprises from the foreign exchange market and the euro's drawdown to 1.060-75, the current bull run on alt may last until the middle of the quarter. In this regard, we are not in a hurry to throw off the coins that have grown, but have not taken the target levels. With a drawdown of the euro, we can see a pullback on the crypt on the retest of the monthly loy with a new attempt to grow closer to the middle of the month, while this option is less likely.
So far, uft perl vib cvp remain in my attention with the highest priority, which from the current levels can show the greatest growth up to 3-5X. Also interesting are the wtc for dock ooki oax vite front epx burger amb with a potential of up to 2-3 from current levels. Also, fida drep hard wing returned to powerful supports, which can show powerful rebounds. Among the low-liquid assets, asr atm phantokens and torn and pnt coins with a potential of up to 3-5X remain the most interesting. For scalping with a potential of up to 50-70%, om snm pivx voxel df chess is also interesting. Among the strong projects at interesting levels are vidt and gft, which are suitable for more reliable investments in medium-sized.
MKR
MKRUSD giving very clear breakout signalsMKRUSD 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. Buy if it then closes over Resistance (1) as well.
Targets:
1. 1160 (Resistance 1).
2. 1235 (Resistance 2).
Tips:
1. The RSI (1w) is rising inside a Channel Up since October 2022, a sign of a market bottom and long term reversal into a Bull Market.
Please like, follow and comment!!
We called $MKR $BCH and #DEFI ($COMP)This is personal trading & not for our fund.
ASX:MKR was in the low 600's when we spoke about how good it looked, It is now up 50%.
If you had opportunity to buy on that dip, it would be closing in on a 2x return, NICE.
#DEFI was aa sector we spoke about a few times as having good opportunity. Since then, NYSE:COMP is up 2x+!
Spoke about NYSE:BCH in mid/late May and it was around $110. This currently stands at a 3x return!!!
#crypto #Altcoin
MKR: Resistance BreakoutMaker (MKR) technical analysis:
Trade setup : Trends are reversing to uptrend. The $600-700 support zone once again acted as an attractive entry area. Now price broke above the 200-day moving average (~$676) and above $800 resistance, signaling potential trend reversal. Price could revisit $1K resistance. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, which it broke, then $1000 – $1100.
MKRUSDT UPDATEThe situation with MKR is as follows:
After the market crash, this cryptocurrency had one of the best performances and quickly managed to recover itself. One of the most important support levels for MKR is the support trendline that I have marked on the chart with a green color. This support trendline had been lost for some time, but finally, after two attempts, we were able to regain it.
However, more importantly, it's the overall market situation that is not showing any interesting trend, so for me, it is important today candle closes above this support trendline, regardless of whether it is red or green. If this happens, the price of $685 could be a suitable entry point for buying, and my target would be the resistance trendline that you see on the chart marked in red, indicating a price of $800.
Keep in mind that there is no certainty in this market, and we are only trading based on the data we see on the chart and sometimes with the help of news. Therefore, the best approach is to enter a trade with confirmation.
In my opinion, the downtrend of this particular coin has been broken, and we can confirm it with the break of the structure. However, there is also a block order that I have indicated on the chart, which has acted as resistance twice and caused a price drop.
Please don't forget to like and comment, and if you haven't already, follow me. I examine the cryptocurrency market trend every day and share interesting ideas here for free.
Wishing everyone profit and success.
MKR/USDT - Maker: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the ASX:MKR / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 761 | 817 | 919, while substantial support zones are identifiable at 659 | 613 | 511. It is highly recommended to seize this opportunity by entering a trade within the present price range of 708 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Maker
▣ Rank: 67
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 708 ₮
▣ 24HVol: 4,418,279.317 ₮
▣ 24H Chng: 3.812%
▣ 7-Days Chng: -6.10%
▣ 1-Month Chng: 7.86%
▣ 3-Months Chng: 0.98%
◲◰ Pivot Points - Levels :
◥ Resistance: 761 | 817 | 919
◢ Support: 659 | 613 | 511
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.93
▣ Last 90D: -0.12
▣ Last 1-Y: -0.03
▣ Last 3-Y: 0.63
◲◰ Volatility :
▣ Last 30D: 0.51
▣ Last 90D: 0.48
▣ Last 1-Y: 0.86
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.46 - Bearish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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Maker (MKR) formed bullish Cypher for upto 16.50% moveHi dear members, hope you are well and welcome to the new trade setup of Maker (MKR)
Previously we caught almost 29% pump of MKR as below:
Now on a daily time frame, MKR with Bitcoin pair has formed a bullish Cypher move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MKR Maker Retracement to the Support after Overbought AreaIf you haven`t bought MKR before the crypto rally:
Or sold it on the way down:
Then you should know that the Crypto MAKER has recently experienced a period of being overbought, indicating a potential need for a retracement or pullback in the near term. Overbought conditions occur when the price of an asset has risen too quickly and may be due for a temporary correction.
Considering the current situation, it is reasonable to anticipate a retracement in MAKER's price, with a potential target of the support level around $638.
Looking forward to read your opinion about it.
MKR/USDT - Maker: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the ASX:MKR / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 702 | 786 | 966, and the major support zones can be found at 522 | 426 | 246. Consider buying at the current price zone of 671 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: Maker
▣ Rank: 61
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 671 ₮
▣ 24HVol: 2,117,940.001 ₮
▣ 24H Chng: 0.751%
▣ 7-Days Chng: 8.59%
▣ 1-Month Chng: 6.50%
▣ 3-Months Chng: -0.00%
◲◰ Pivot Points - Levels :
◥ Resistance: 702 | 786 | 966
◢ Support: 522 | 426 | 246
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.73
▣ Last 90D: -0.02
▣ Last 1-Y: 0.36
▣ Last 3-Y: 0.58
◲◰ Volatility :
▣ Last 30D: 0.38
▣ Last 90D: 0.45
▣ Last 1-Y: 0.90
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.72 - Bullish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
MKR: Approaching ResistanceMaker (MKR) technical analysis:
Trade setup : Trends are mixed. Price remains inside the $600-700 support zone, which has repeatedly been an attractive entry area. If it can break above the 200-day moving average (~$676), price could signal potential trend reversal and revisit $800 thereafter. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, then $1000 – $1100.
MKR/USDT Technical Overview: Potential Correction Before Bull RuMKR/USDT Technical Overview: Potential Correction Before Bull Run, Key Levels and Targets Revealed
In this comprehensive MKR/USDT technical overview, we delve into the current state of the market, analyze the chart patterns, and identify potential entry points for accumulation. While this article does not provide financial advice, it aims to equip readers with valuable insights to aid their own research and decision-making process.
Current Market Analysis
MKR is currently trading at $632, presenting an opportunity for potential accumulation.
Chart analysis indicates the possibility of another correction before a bullish leg up.
Best Entry Points and Resistance Levels
Consider starting accumulation slowly within the $430-$500 range, which offers an attractive entry point.
Breaking the Resistance TrendLine is crucial to entering the anticipated bull run.
Pay attention to the significant resistance area marked by the Red Line box.
Targets for the Next Bull Runs
Several exciting targets lie ahead in the upcoming bull runs: $850, $1170, $2315, $3806, and $6350.
These levels represent potential milestones during the expected upward price movements.
CryptoPatel Key Levels
Support level: $400, which may provide a solid foundation during price retracements.
Resistance levels: $850, $1170, $2315, $3806, and $6350, representing critical milestones to overcome during the bull run.
Takeaways:
MKR currently presents a buying opportunity, with a potential correction before a bullish leg up.
Accumulation can be initiated in the $430-$500 range, with an eye on breaking the Resistance TrendLine.
Significant resistance is anticipated within the Red Line box area.
Targets for future bull runs include $850, $1170, $2315, $3806, and $6350.
CryptoPatel identifies $400 as a key support level and highlights the resistance levels for traders to monitor.
Conclusion:
While this MKR/USDT technical overview provides valuable insights into the current market conditions and potential price movements, it is essential for readers to conduct their own research and exercise caution before making any investment decisions. Stay informed, analyze the market diligently, and develop a comprehensive strategy to navigate the exciting world of cryptocurrencies.
Note: This article does not constitute financial advice and should not be interpreted as such.
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MKR/USDT 1Dinterval ReviewI invite you to review the MKR/USDT chart, for a one-day interval. As we can see, the price is constantly bouncing off the downtrend line, but it is worth noting that these bounces are getting smaller.
Let's start by marking the support spots for the price and we see that the first support that the price is currently based on is $ 683 and is located at the golden fib point of 0.618, however, if the price goes lower, we have the next support at $ 604, then the third support at the last low of $ 500.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $ 742. We continue to have strong resistance at $ 789, once the price breaks it it will move towards the resistance at $ 834 and further to the resistance at $ 897.
When we turn on the volume indicators, we can immediately see that it has been very low for a long time.
The CHOP index indicates that we have a lot of energy for the upcoming move, the MACD is fighting on the verge of returning to the uptrend, while the RSI is moving in the lower part of the range, but we have room for the price to go lower, which could pull the price towards the $ 604 support.
10-05-2018 - 10-05-2023 MKR MC = 706M In five days it will be five years ago on the 10-05-2018 that Makerdao had the exact same marketcap of 706M dollars. 🙃
On the chart you can see the straight line with basicly no financial growth over the years, let's say the next 5 years will be better? It can't be worse then this in my opinion... 😆
10-05-2018 - 10-05-2023 MKR MC = 706MIn five days it will be five years ago on the 10-05-2018 that Makerdao had the exact same marketcap of 706M dollars.
On the chart you can see the straight line with basicly no financial growth over the years, let's say the next 5 years will be better? It can't be worse then this in my opinion...
An idea on MKRThe pattern MKR formed is pretty rounded, not sure if it's a cup in formation or a "fry pan pattern" A.K.A. "scoop pattern". Currently has retested the trendline at LTF: and it could go up from here.
It could be a good opportunity but I'm not sure it'll trigger my entry. Change the entry according with your own ideas.
Good luck
Long Maker at $721The crypto markets are warming up so I am back to trading. This summer will be epic with US govt messes, BRIC and who knows what else. It looks like the FED, Congress, IRS and Sam Bankman Fried are all the same! Out to get our money at all costs and they make the rules. Thats when I say "screw it" and just focus on the data.
Maker daily chart shows price action is above 100 and 200 day moving averages. The daily volume has been low since March 11 when we dropped below $600. This is accumulation. The chart looks like early bull market stuff but I am only in for a trade. Stock markets closed until Monday. I will be selling above $800 before then if my speculation is correct! : )
Long MKR $721
Target $800
Stop Loss $688
This isn't financial advise of any kind. I am putting this information out for educational purposes only. Good Luck
MKRUSDT pump soonMKRUSDT looks like it's ready to breakout very very soon.
MKR has maintained the bullish higher low structure.
If it retests the top of the range, it would be 61 % PUMP from the current levels where it's now.
Market is bullish and altcoins are catching strong momentum.
Take profit levels / targets are shown on the chart.
good luck
MKR/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of MKR in pair to USDT, on a four-hour time frame. First, we will use the blue lines to mark the uptrend channel in which we are currently moving.
Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at FWB:706 , the second support is at FWB:698 , the third support is at $692, and then the fourth support is at $686.
Looking the other way, we see that the price has approached a strong resistance at HKEX:721 , when it manages to break it, the second resistance is at HKEX:731 , then the third resistance is at $744
It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend.
Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
Maker (MKR) forming bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Maker (MKR) with US Dollar pair.
Previously we caught more than 29% pump of MKR as below:
Now on a 4-hr time frame, MKR is about to complete a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade