MKR to 1000+ when eth makes its next big move.As you can see on the chart (daily TF)
MKR has had a nice move off the bottom and Accumulation Distrubition looks very bullish.
DAI is as strong as ever.
RSI has respected 50 line and looking to bounce with a nice looking candle pattern.
Pullback before possible 1k pop will be 640-650 range.
Goodluck all
I am in a VERY LIGHT leveraged trade Entry @ 671.30 with no limit orders in my mind. I think this is a good price for a nice 50% gain in the coming days / monday tuesday next week.
Mkrdao
Makerdao trent analysisWatching the trent from Makerdao indicates me the bodem is in.
It's time for this coin to move on if it want to remain bullisch on the long term.
The target for next few years will depent on the preformance, based on what i see now the higher high's will be made around the 10k next years.
If not this will become a very expensive bearish coin in my opinion.
It's not a mintable coin, so i expect atleast some preformance from makerdao in return. (My opinion).
Time will prove the truth...
Makerdao great price to buyMakerdao 850$ is a great price to buy!
I have bought my previous ones in 2020 during the crash around 450$, this price is only a 100% more sinds then...
Im buying more no doubt!
Enjoy those prices, you are not going to see this anytime soon no more!
Smart money is about to enter the space 👍
ALERT \\ MKR as a metric for the aggregate crypto BEAR cycle!Here is a chart with my prediction of local bottoms and tops if we happen to be in a bear market over 2 years. I chose COINBASE:MKRUSD as my metric because its current price action resembles the empirical price data from the former bear trend. I'm not saying this prediction is certain, however this chart seems to be in a similar pattern.
I have been successful in spotting COINBASE:BTCUSD bottoms and long-term "ghost patterns" in the last 2018 Bitcoin bear market.
MKR 50% move SOON - BULLISHTHIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
MKR should break resistance at $2300, and then next resistance is $2800. If we can break through those resistances we should find it going straight up to $3100 where it could potentially break and make a new high.
FUNDAMENTALLY
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.
MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.
The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.