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MKRUSD trade ideas

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.
COINBASE:MKRUSDShort
by Sahrin
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!
COINBASE:MKRUSDLong
by vf_investment
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.
COINBASE:MKRUSD
by cryptodailyuk
1
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.
COINBASE:MKRUSD
by cryptodailyuk
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.
COINBASE:MKRUSDShort
by Sahrin
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.
COINBASE:MKRUSDShort
by Sahrin
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
COINBASE:MKRUSDLong
by ADmytrenko2
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. For more detailed analysis and updates, make sure to follow us on TradingView. Stay tuned to leverage every opportunity and benefit from our expert insights.
CRYPTO:MKRUSDLong
by Houseofcryptokings
MKR.usd holding strong but must break $3100 for bulls to rejoiceMKR has been holing the high ground despite market retrace. Current testing a key resistance that will determine the trend. Rejection could send us much lower, break could mark bottom in. $ 3097.80 - 3134.35 is the immediate resistance to break. $ 2813.57 - 2843.65 is immediate support and a must hold. $ 3388.32 - 3413.60 is bears' last stand to deny "bottom in". =========================================================== .
COINBASE:MKRUSD
by EuroMotif