MKR Update-A bit shy of target, still a 66% gain exactly on timeWe got very close to plotted $1828 target by March 1st as the recent peak ended up maxing out at $1798 before March 1st, still a great 66% gain from original call out price of $1090.
MKRUSD trade ideas
$MKR Market Update📊 CRYPTOCAP:MKR Market Update
Welcome to today's analysis! Let’s take a look at CRYPTOCAP:MKR and its key price action.
🌐 Overview: CRYPTOCAP:MKR Testing Key Resistance
📈 CRYPTOCAP:MKR is currently testing the red resistance zone. A breakout above this level could push the price toward the green line target.
🔄 Current Scenario:
CRYPTOCAP:MKR is facing strong resistance, and price action is testing this key level.
A successful breakout could lead to further upside, while rejection may result in a pullback.
🔑 Key Levels to Watch
🔴 Resistance Zone: Red Zone (Needs breakout for continuation)
🟢 First Target: Green Line (If breakout succeeds)
🛠️ Trade Scenarios
📌 Bullish Scenario (Breakout Above Resistance)
If CRYPTOCAP:MKR breaks and holds above the red resistance zone, it could move toward the green line target.
📌 Bearish Scenario (Rejection at Resistance)
If CRYPTOCAP:MKR fails to break out, we could see a pullback or consolidation before another attempt.
📌 Conclusion
CRYPTOCAP:MKR is at a crucial resistance zone—a breakout could lead to a strong rally, while failure to break may result in a retracement before another attempt.
Testing Key Support at $1,200
The price recently had a strong rally but is now in a short-term downtrend after failing to sustain highs near $1,900.
The price is currently below the middle Bollinger Band (moving average), signaling bearish momentum.
A potential support zone is around $1,200, near the lower Bollinger Band.
Widening Bollinger Bands indicate increased volatility.
The price is approaching the lower Bollinger Band, which could act as a support level.
Support: $1,200 (Lower Bollinger Band), $1,000 (Psychological Support)
Resistance: $1,400 (Middle Bollinger Band), $1,500 (Recent high before drop)
Bearish Continuation: If selling pressure increases and price breaks below $1,200, it may decline further to $1,000.
Quick Thoughts on MakerCreated a channel between lows and highs on MKR
This allows for a large slanted W pattern to form if we expect the next high at the top of this channel plotted
Retest of ATH should come
Daily chart
MKR - 68% profit coming up...maybe before March 1stMacro setting up for another bullish wave to retest $1830 for a 68%+ gain maybe as early as March 1st.
RSI a bit high near mid 50, MACD looking more bullish.
Top take profit for a 100% Fib correction would be at EUROTLX:4K for an estimated 280% return!
MKRUSD: Channel Down bullish wave starting.Maker has just turned neutral on its 1D technical outlook (RSI = 46.979, MACD = -66.220, ADX = 40.770) as it hit the bottom of the 1 year Channel Down and bounced. The 1D RSI shows that we are on a similar rebound as on the October 25th 2024 bottom but needs to be validated by a crossing above the 1D MA50.
The two bullish waves before that have posted a price increase of +127.15%, so there is no reason to expect otherwise if the 1D MA50 is crossed. Be ready to go long (TP = 1,780).
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Lower Bollinger Band Signals Further Declines
The current trend shows consolidation after a prolonged bearish phase. The middle Bollinger Band could act as dynamic resistance or support, depending on the breakout direction.
Narrowing of the Bollinger Bands suggests lower volatility, often a precursor to a significant price move.
A break above $1,700 could confirm a bullish reversal.
A drop below $1,200 may signal continued bearish pressure.
A breakdown below the lower Bollinger Band could indicate further declines.
Target levels: $1,200, $1,000.
MKRUSD (1W) - buy the dipHi traders,
Here it is my idea for a long position on MKRUSD (1 week time frame).
The price hit a local high in July 2024 and hit another high in November 2024, meanwhile the price hit the SMA (in November 2024) that acted as a resistance and the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The buy area is between 1,732.57 and 1,368.88 .
We will put our first take profit at 2,891.86 where there was an high in July 2024 and the second take profit at 3,926.12 where there is the local high.
Good luck!
MKRUSD - Middle Gaussian Channel Line SupportBulls are completely in control right now as the middle line of this channel acts again as support. A support that led to a massive 1.5K% increase in 2020. Where do you guys think price will go to in 2025 / 2026 for this one?
Very bullish on this Monthly timeframe
MKR About to break big hereLooking for a #3000 target soon for MKRUSD.
Damn good price to be accumulating
Maker (MKR)Maker chart is interesting and odd at the same time. A rapid ascent followed by a slower correction that reached the bottom, making a big triangle form. MKR broke both the major and minor downtrend lines, and it seems posed for an upward impulse wave. Let's see what happens.
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
Time to go long again Refer to my previous trade on this asset, linked below, which was traded to perfection. Time to go long again, keep stop loss under the weekly. Not financial advice!
Maker
The price has consistently made lower highs and lower lows, indicating sustained bearish momentum.
The bands are expanding, which indicates an increase in volatility.
There seems to be a 20-period moving average (middle line of the Bollinger Bands), which the price recently crossed below. This signals bearish momentum.
There are a few spikes in volume, particularly during the large price drops. This increase in volume during sell-offs suggests strong selling pressure.
Support: The nearest support is around $1,431.81, which is the lowest price visible in the chart. If the price breaks below this level, it may head towards lower support zones.
Bearish Bias: The price action, moving averages, and positioning near the lower Bollinger Band suggest a bearish trend.
Target 1K before the BIG RUNMakerDAO has broken the $1,762 support level, as shown clearly on the chart—a strong confirmation of the trend. I predict it could drop to $1,000 before beginning a new rally towards higher levels in early 2025.
Maker
The price is approaching the lower Bollinger Band, indicating potential oversold conditions. This could suggest a possible bounce or a continued downtrend if it breaks further below the lower band.
Resistance: There is strong resistance near the $1,800-$1,900 region, where the price had multiple rejections in late July and early August.
Support: Immediate support is around the $1,470-$1,500 region, which the price is currently testing. This level is crucial, as a break below could signal further downside toward $1,300-$1,400 levels.
The market has been in a consistent downtrend since mid-July, as seen with lower highs and lower lows. The price remains below the 20-day moving average (middle line of the Bollinger Bands), reinforcing bearish sentiment.
The volume appears to be slightly decreasing. Low volume during a downtrend could indicate weakening selling pressure. However, a spike in volume without a price reversal may signal a continued decline.
Bullish: If the price holds above the current support level ($1,470-$1,500), we could see a rebound toward the middle Bollinger Band (around $1,600) or even the upper Bollinger Band if the bullish momentum grows.
Bearish: If the price breaks below the lower Bollinger Band, a fall toward the next support zone ($1,300-$1,400) is likely, indicating further downside risk.
MakerDao breakoutMaker’s DAO token looks ripe and ready, breaking out of the handle (cup and handle) and out of the value area high, into a new range. Good volume kicking in and a strong reaction off the golden pocket.
Not financial advice but it looks like it’s heading to $3000 very soon.
MAKERUSD to Reach Recent High/Make New HighAfter breaking recent Gann Method line (first Buy signal above yellow line), the coin came down back to the Gann Method line. It is a perfect example of how prior resistance becomes support. After breaking the resistance, it went up, and then pulled back to retest that resistance level but this time, as a support. Now, the target is prior high of 3,086.60, with the stop of 2,705.70, a 2.08:1 risk:reward ratio. And possible 2nd target of just above 3,200
MKR - going back up nicely 10x incoming IH&S targetBullish case
- published previously at the low
- a sensible time to get in
- over 200 EMA
- IH&S targets
- Crypto bull case reasserting
- Strong support on bottom ascending trend line
Not advice just for educational purposes
Change your stars and provide a better life for your (future) family now
MKRUSD Price Prediction: Strong Support at $2000 for 11X ReturnMKRUSD is currently showing a strong support level at $2000. This level presents a high possibility for a substantial gain. Should this support hold, we could see a robust upward movement in MKRUSD. However, if the $2000 support breaks, the next key support level lies at $1959. At this point, there is an 80% chance of a bounce, especially with the alt season approaching. It is important to note that the alt season is expected to conclude by November or December 2025, and we should plan to exit the market by then.
Looking at the historical data, the minimum target for MKR during this bull run should be $22588. If this resistance level is broken by February 2025, we could see MKRUSD reaching its maximum target of $23200. This is a significant milestone to watch as the alt season could extend until March or November in 2025. Exiting the market during this period is crucial to maximize gains and minimize risks.
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MKRUSDSWING LONG POSITION
Three Take Profits
One stop loss
PRICE LOOKS TO BREAK UP!
Trade leverage,exchange or both
use alerts for tps and stop loss
Descending Channel in MKRUSDA descending channel (parallel continuation pattern) is observed in MKRUSD pair in hourly timeframe. A series of LHs and LLs is forming and the bearish trend is expected to continue forming new LHs and LLs. Further, no divergence is observed making it a good point to take short positions.
