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MKRUSD

MKR: Time to meet your MAKER upstairs My thoughts on the current state of the crypto market is bullish as BTC keeps on reclaiming at 60K. All breaks below 60K have been bought up rapidly, leading me to my bullish case for MKR. MKR is at a great risk to reward ratio. it has currently been consolidating between a 2650 and 2250 channel for an entire month, a possible accumulation phase. We have had a double bottom with an extremely bullish MACD divergence on the daily. Proposed trade stop loss is at 2100 with a safe profit taking target at 3650 (if you chose to take profits). An approximate and respectable 3:1 gain. But with the current hype being built around the end of the year bull crypto run, this can definitely go higher. Trade safe and remember the market does not care about you!
COINBASE:MKRUSD
by MoRafi
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (3485.14). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPJPY is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 4100.14 TP2= @ 4628.64 TP3= @ 5359.64 TP4= @ 5853.13 TP5= @ 6346.62 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
16
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (3485.14). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MKRUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 4100.14 TP2= @ 4628.64 TP3= @ 5359.64 TP4= @ 5853.13 TP5= @ 6346.62 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
7
MKRUSD Heading Towards $3000+Taking a look at MKR on the daily time frame we can see that it is currently testing even with the February 2021 swing high level placed at the $2696 - $2837 zone. During the last week of June and going into the start of this month, all the top cryptos sold off a bit to stop out the over-leveraged longs before moving back up. The bull run isn't over, it's just a matter of 'How and when' its going to come back. At the moment, the highest level of support is $2837 and the resistance level at $3100 has already been tested once. This being said, the next true level of resistance is placed at the $3751 level and that is where I have my sell order placed for a 30% gain. I do not know how long this move is going to play out, I am simply just reading the trend and sentiment of the market. Attached is MKR on the 4H Time Frame We can see that MKR dropped below the longer term trend created from that same February 2021 swing high level and then eventually regained it as support after stopping out over-leveraged longs. This currently looks like very great bullish momentum that is going to continue now. I was a little bit skeptical about the current trend of the market up until the day before yesterday when i've been able to properly analyze the more candle data that was given to me. The 1st target if you want to lock in profits and feel safe about this play would be at the $3100 level, which has already been 1st touched. Expect a quick touch and pullback from this level before pumping up the rocket fuel to $3751. From that point, this is a significant level that many traders will take profits from, so expect a decently sized correction from that. As always please do your own research, I am not a financial advisor.
Long
by kyer
3
MKRUSD H4 Analysis week of 05.24.21I writing this for a friend of mine how invested heavily on this token. We all were impacted in our positions for the latest orchestrated manipulation to bring crypto price down so the big pockets can buy cheap. I believe in projects (ETH, ADA, AAVE, etc) so firmly that I will keep buying the dips. So here it is. Maker currently shows signs of a bullish mode. The first impulse noticed by a bull candle in D breaking our TTL (you are seen H4) . The expected retracement as it happening now. The good news is: its retracing to our zone in DTF. I see Maker to hit 5000-5500 as first target in its next bull journey. A break below the D green zone is a sign to jump ship and wait for the charts next signal.
GEMINI:MKRUSD
by abram2024