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MKRUSDT

Brief Analysis——MKRMaker is a peer-to-contract lending platform that enables over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. As MakerDao's token, the unit price of MKR has always remained at a high level. You can know from on-chain detectives that MKR is favored by whales as a trading token. MKR has risen since June, unlike other tokens that have risen rapidly and then fallen rapidly. The rise of MKR is stable. MakerDao raised the Dai deposit rate starting in July, with the maximum interest rate being 8%. As a low-risk rate, whales and large entities are excited to exchange their tokens for DAI to receive this rate. This may be the main reason for the current rise. Although the deposit rate is currently reduced to 5%, but because of the low-volatility secondary market, a lot of DAI continues to be stored in vaults. On the other hand, MakerDao focuses on Real World Assets in the second half of 2023, which uses traditional short-term U.S. debt as the underlying asset. Affected by the Federal Reserve's hawkish interest rate hikes, U.S. bond yields have generally risen, with short-term interest rates above 5%. This is a good direction for the cryptocurrency market. Back to our technical analysis, we took a screenshot of the candles chart from June. The purple rectangles in the WTA indicator area shows the position where the whale increased significantly three times, and the black rectangles in the candle chart area shows the change of the candle when the whale disappears. In Phase 1, whales flowed into the transaction, and MKR rose as expected. But after the whale disappeared, there were no destructive candles, such as long upper pin-bar and long red candles. This is important for WTA indicator usage. The V-reversal did not occur, and MKR began a smooth callback. This means that most whales do not choose to leave the market directly, and the remaining funds are enough to keep the rise without being destroyed. Similarly, in the Phase 2 and 3, although the positions are different, there are no destructive candles after the blue column disappears, and the bullish trend continues. There is still no long red candle or long upper pin-bar. So the rise may not be over.
Long
by Sypool
MKR WEEKLY ANALYSIS💥💥#MKR Analysis : Perfect Scenario 🚀🚀 🔮#MKR is following a rounding bottom pattern for a long time and the price reached near neckline. We can see a good breakout in #MKR💸💸 👀Current Price: $1510 🚀 Target Price:    $2650 ⚡️What to do ? 👀Keep an eye on #MKR price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #MKR #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
1
MKR/USDT Downward Momentum ?? Maker Today AnalysisHello Paradisers, turn your attention to this token! 💎 MKR has been unable to establish newer highs on the daily timeframe and faced rejection in the supply zone. 💎Currently, MKR has decisively broken past its previous higher low, establishing a lower low - a bearish indication. 💎It seems MKR might be gearing up to form a new lower high before potentially continuing its descent. The optimal buying point would be within the Bullish Order Block or the Demand zone. 💎It's anticipated that within the demand area, the price could experience a strong bounce back, resuming its upward trajectory.
by MyCryptoParadise_Nathan
7
MKR/USDT Breaks Through! Potential Upward Journey Ahead!🚀💎 YelloParadisers! Let’s delve into MKRUSDT! We’ve observed it shattering the resistance level, setting the stage for a potential ascent. 💎 A few days ago, it broke through the falling wedge channel upwards, and we noticed it accurately reaching our projected targets. Now, the former resistance has morphed into support, and it’s highly probable that the price will embark on a bullish continuation from this point. 💎 Another crucial factor to weigh is the market dynamics. If it fails to continue its bullish trajectory and breaks below the support level, a downward movement is anticipated. 💎 Remember, if you’re strategizing a trade, employ a proper stop loss and trade with wisdom and caution! Keep your strategies sharp and your insights sharper!
Long
by MyCryptoParadise_Simon
2
MKR/USDT bullish Flag breakout? 👀 🚀 Maker Today Analysis💎 Paradisers, brace yourselves for a promising opportunity with #MKRUSDT! We're observing a bullish flag formation and a mitigation of the supply zone, signaling a potential upward move👀 💎 Currently, #Maker is trading in a demand zone and has touched the $1305 level, forming a bullish flag pattern. This suggests that bullish momentum is being restored. If a breakout from this flag occurs, expect a significant upward surge. 💎 On the flip side, if the flag breakout doesn't materialize, look for bullish continuation starting from the flag's lower leg, which acts as support. Should the price break below this level, consider a short entry opportunity with a potential drop of up to -6.19%. 💎 Regardless of your trading strategy, always set a stop loss at 1.75% of your margin to trade like a pro. Keep your charts updated and Stay one step ahead of the market 🌴
Long
by MyCryptoParadise_Simon
Are we about to reverse ?As you may know, I am mainly looking at shorting assets like crypto for the coming days because of the fundamentals we are currently seeing at the moment with the US dollar. I came on this pair that could be interesting because of the huge spike it made and in my opinion will not sustain for long. For that reason, I would like to see price break below the last candle and potentially start to create lower market structure towards my targets while the US dollar stays strong...
Short
by UnknownUnicorn48526553
3
MKR Double Bottom UpdateYesterday, I published this double bottom pattern of MKR as I'm in the wait-and-see mode for a possible scenario - 1) a breakout or 2) a price rejection. The coin had a breakout on its neckline, thus lead to the activation of the bullish pattern as it nearly approaches our target profit area, I also put a protective stop loss, thanks to the .618 fib area to secure profits. Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD
Long
by luigi360swirl
MKR Chart Review 4HIntervalHello everyone, I invite you to review the MKR chart on a four-hour interval. As we can see, the price has risen from the downward trend line marked with a yellow line, but currently we are moving in a visible upward trend channel, marked with blue lines. Let's start by marking support places for the price and we can see that first we have a support zone from $1277 to $1220, but if the price drops lower, we have a second zone from $1173 to $1127, and then a third strong support zone from $1062 to $978. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price has currently fallen through the resistance zone from $1,350 to $1,407, but when we break out of it, we can see an increase to the area of the second zone from $1,498 to $1,563. The CHOP index indicates that we still have a lot of energy to make a move, the RSI after the rebound shows an increase with room for the price to go higher, but looking at the STOCH indicator we can see that the blue line has exceeded the upper limit, which may cause increases and even give the price a rebound.
by cryptodailyuk
1
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn , which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. 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 across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup: A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. 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 across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
MKR: Pullback in UptrendMaker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High (sign of Uptrend). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
Long
by altFINS
MKRUSDT Bullish Pathway Unveiled💎 Elliot Wave Theory Insights: Based on the Elliot Wave theory, #MKRUSDT's primary trend leans bullish. We've observed a sequence of a 5-Wave upward movement, succeeded by an ABC correction pattern. 💎 Potential Wave Completion: This suggests that the initial major upward wave might have concluded, with the price now gearing up for the second significant wave. 💎 Consistent Retracement Patterns: Examining the retracements post each wave, a consistent pattern emerges: the first retracement halted around the 38.2% Fibonacci level, the second around 50%, and the current one near 61.8%. 💎 End of Correction Phase: Given this trend and the potential ABC structure, there's a heightened likelihood that the corrective phase is nearing its conclusion. 💎 Bullish Confirmation: For validation, #MKR needs to surge past the descending channel, propelled by robust buying momentum. Such a move would be a robust indication of the bulls reclaiming dominance. 💎 Price Target Projections: Should the trend turn upward, we anticipate the price targeting the 161.8% resistance, positioned at the pivotal $1600 mark. This suggests a potential price augmentation of roughly 55% from the existing support level.
Long
by MyCryptoParadise
MKR: Pullback in UptrendMaker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High ( sign of Uptrend ). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
Long
by altFINS
3
#MKR/USDT 4h (ByBit) Ascending wedge on resistanceMaker is up-trending for a month but printed 3 shooting stars in a row, looks likely to retrace down to 100EMA support. ⚡️⚡️ #MKR/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.0% Current Price: 1270.0 Entry Zone: 1285.0 - 1340.0 Take-Profit Targets: 1) 1186.0 2) 1091.0 3) 996.5 Stop Targets: 1) 1418.0 Published By: @Zblaba CRYPTOCAP:MKR #MKRUSDT #Maker #DAO #DeFi Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +48.2% | +84.4% | +120.4% Possible Loss= -40.2% Estimated Gaintime= 1-2 weeks makerdao.com
Short
by TradingOn
MKR 4H Interval Chart ReviewHello everyone, I invite you to review the chart of MKR in pair to USDT, on the four-hour interval. As we can see, the price has left the bottom of the uptrend line. After unfolding the trend based fib extension grid, we can see that the price is currently holding a small support zone from $ 1117 to $ 1086, while we still have support at $ 959, however, when we fall below this support, we can see a quick move to the support area at the price $704. Looking the other way, we see that first there will be a resistance zone from $1192 to $1256, then we have a second zone from $1321 to $1414, and then a very strong resistance at $1531. Please look at the CHOP index, which indicates that the energy in the current downward movement has been used, on the RSI we are moving at the lower limit of the range, but on the STOCH indicator you can see that a large movement on the indicator results in a small price movement, which may translate into deeper declines.
by cryptodailyuk