MKRUSDT
Mkr is getting Ready for shortas you can see we are in an uptrend channel in 4H actually seems it was a pullback to a broken pivot daily, and we are in a supply zone, if you are long it's better to save and risk-free position,
also, we have divergence in 4H and 1H, you can short in here with tight stop loss or you can wait to break dynamic support then short...
MKR Maker Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for MKR Maker is $660.
Looking forward to read your opinion about it.
MKRBUSD Long PotentialMKRUSDT/BUSD currently entering an accumulating zone,
Very positive R:R with targets at 0.618 (TP#1) and 0.786 (TP#2)
Tight invalidation with further potential below
MakerDAO ,(MKR/USDT analysis) 📈📉Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
🔹Rank #50,/ kind : Token \\ max Supply: 1,005,577/// Circulating Supply:977,631.04 MKR ( 97 %) ====> Great✅✅
Market Cap:$1,041,472,168\\ Fully Diluted Market Cap : $1,041,472,168===> Great ✅
Total Value Locked ( TVL ) :$8,425,065,955\\\ Market Cap / TVL Ratio: 0.1238 ===> Great ✅✅
🔰What Is Maker (MKR)?
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.
Coinarketcap-makerdao.com
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📊Technical
As you can see on the WEEKLY timeframe for MKR/USDT ,since May 2021 that MKR recorded an ATH about $6348 , it has been declining in a downward channel and has lost more than 83% of it worth untill now ,and It's already trading on the pivot zone , also recently revealed both positive and hidden negative divergences in current candle ,thus if want to rise more ,it should be able to maintain itself above the current pivot zone , to be able to reach higher R zone or after breakout the upper trendline , may even see the anchored VWAP ( black line) .
but otherwise if weekly candle closes below the current P zone it may fall again on the lower DEMAND zone to be more accumulated there to have a possible jump again .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
BITCOIN Breaking the Line in 1HBitcoin in 1h is now breaking its static resistance, and if this range is broken, it can go up to the channel ceiling. We expect the price to increase after the pullback. Otherwise, we will have a correction to the support level.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Maker (MKR) formed big bullish Gartley for upto 665% huge pumpHi dear friends, hope you are well and welcome to the new trade setup of Maker ( MKR ) token.
On a monthly time frame , the price line of MKR has formed bullish Gartley pattern.
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 - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
MKR is overall bearish trading inside our orange channel. For the bulls to take over from a long-term perspective, we need a break above the upper orange trendline and 2000 resistance zone in blue.
Meanwhile, since we are approaching a demand zone and round number 1000, we will be looking for buy setups on lower timeframes.
H1: Right Chart
MKR is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, MKR can still trade lower inside the demand zone in green. In this case, we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich