MKR/BTC Broke out of downtrend with high volumeIf you take a look at the 1d chart, its clear evident that MKR/BTC broke out of longterm downtrend and in a bullish pattern with huge volume (Due to CBPro listing). But points to consider that momentum indicators are bullish. Based on my IMO. Not investment advice.
Targets
TP1: 0.0791
TP2: 0.1016
TP3: 0.1240
TP4: 0.1379
Support
0.0514
MKRBTC trade ideas
#MKR/BTC (June 10)MKR has already broken out and ready to move up to 0.09 BTC zone and 0.105 BTC so far.
These zones are very strong that we should take all profits here
MKR - CB soonCB listing is currently scheduled for Monday morning, June 8. There is a reason for the recent price jump and higher volume. At the very least there is a short term trading opportunity from now to then, and possibly much more after that.
If $MKR is a decentralized then how are decisions about fees, peThe system is meant to be governed in part by a governance token called MKR that allows holders to both make decisions about the system as well as act as a lever to stabilize the DAI price.
Conversely, if MKR token holders govern the system badly so that CDPs do not have enough collateral, new MKR tokens are automatically created and sold, bringing the system back to sustainable levels, but also effectively decreasing the price of MKR.
DAI’s remarkable resilience is due to the system of collateral and lending at the heart of the system.
#DAISupply $MKR
mkr.tools
Collateralized Debt Positions (CDPs)
Loans are created and new DAI issued through what are known as Collateralized Debt Positions or CDPs.
blokt.com
$MKR BTC Trend Analysis Binance’s research department noted a drop in Bitcoin (BTC) trading volume dominance from 40% to 27% in February. On the other hand, Ether price witnessed a 158.6% increase in its total monthly volume. This shows that the interest in altcoins is increasing and the researchers expect an alt season soon.
Maker (MKR) also has just managed to remain in the green in the past seven days. The monthly transaction volume in Feb. made a new high of 4.5 billion Dai compared to the previous high made in November of last year, which was about 2.41 billion Dai, which is a bullish sign. Can this result in an up move? Let’s analyze the chart.
The MKR/USD pair is currently trading just below the center of the $400-$800 range. This range has been in force for more than a year. The bulls purchase the drops to $400 while the bears defend the rallies to about $550 and above it at $800.
Both moving averages are flat and the RSI is also close to the midpoint. This suggests a balance between buyers and sellers. As long as the price remains inside this range, the bulls can buy the dips to strong support levels and sell the rallies to strong overhead resistance levels.
If the bulls can scale the pair above $800, a rally to $1,200 is possible. As the pair has been consolidating for more than a year, a breakout is likely to be strong and can exceed the upside targets. Therefore, the traders can buy after the price closes (UTC time) above $800.
The trend will turn in favor of the bears if the price dips below $400 but we give it a low possibility of occurring.
cointelegraph.com
MKR breakout comingMKR at pivot resistance level. Might breakout unless BTC do it first and dump alts.
MKRBTC Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as the pair is repeating the August 2018 - January 2019 Bullish RSI sequence on 1D and a Golden Cross is emerging.
Target: 0.09500.
Maker 50% PP vs BTCHi All
Maker, a relatively unknown coin, even tho it is a top 21 coin on marketcap.com
It looks to me like Maker is going to at least generate +50% value against BTC this year.
Couldnt find a chart that was long enough back in time, so I had to draw the very visible channel myself.
Now it has bounnced again from the bottom of the 2 year channel, and I suspect it might go even higher than this projection.
maker showing a NASTY double top i am extremely bullish on maker dao, but in the short run we can see a little correction showing a very nasty double top, that is why i think we need to cool down a little bit
Maker DAO - Fundamental. Quantitative and Technical analysisWhat you need to know about Maker DAO and more :)
Maker / Bitcoin (MKR/BTC): Supports, Pivots & ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
Maker / Bitcoin (MKR/BTC): Supports, Pivots & Resistences – Short-Term
Mkr looking for a breakoutFirst publication from an absolute noob so take it with a grain of salt
I see an upwards triangle with a clear resistance at .1075 BTC, wait for the break up and enter until the targets: .12 BTC and then .145
Let me know what you think.
Happy trading and good luck
MKR BTCUsing the OBV and MFI over a Long term time frame, I recommend going Short.
Reading the OBV, it can be seen that the momentum has risen close to its highest limit, which means anytime soon there should be a downtrend.
The MFI shows that the price is in the "Red" region which shows it is unsafe to enter the market as the volume and price combined does not advice a Long position.
The price bar just recently hit the Major Resistance, this means there should be a retract in price very soon.
Entry Price will be at 0.11088496 at Major Resistance
