MKRUSD :: Taking profit, consolidation likelyHave had a good run in Maker. I love this coin for its huge green candles! Taking some profit on 250%, will ape in on a big dip, might buy back a bit if it consolidates for a while near the bottom of the consolidation zone if it develops.
Closed out a position quite a while ago after some big candles, it consolidated there and then started banging up again..wish I had just taken a bit of profit. This thing could really moon over the long term. Take profit on huge candles, but not too much cuz they often come back to back before dipping. One more bang up & profit taking then I'll be riding it free and just keep it in the bag.
Put my profits in the ALGO bag. :)
MKRUSD trade ideas
MKR - $8994MKR is currently trading above the support zone $4000. As long as MKR is above this zone, we could start seeing a move towards $4742, $5191, $5554, $5917, $6434, $7093 and $8994. If this support breaks, we could start seeing a drop towards $3770, $3515 and $3171.
MKR is currently trading at $4238 with a market cap of $3,825,122,943. Its 24 hour trading volume was $261,518,300.
MKRUSD on the RUNMKRUSD looking real hot on the Heikin Ashi, making new highs.
I got in on the consolidation. If you missed it, I'd wait for a pullback on the 4HR or daily. For the noobs - ALWAYS trade with a stop loss. Especially on this as I feel it's a bit untested.
Agree / disagree? Lemme know! Educate me.
Good luck!
Triple Bottom Cup and HandleActually price touched the bottom x 4.
The bottom pattern targets (white) was enough to break long entry level for the cup and handle pattern.
The green line is approximately 100% of the cup depth. I did not do the math (o: A cup and handle pattern can also reach the 1.618 and the 1.272 fib levels, in some cases higher. Can go lower than 100% as well. This one obviously broke out and has surpassed the .618 and is trying for the .786 fib level.
I wish I had caught this one sooner )o:
No recommendation
RSI is set on 80 verses 70.
Maker: Roll of the Die (Part 2)in my previous post about Maker I had a tight stop loss hit taking me out of the trade... With a great bounce off the rising channel the graphs presented a great opportunity to grab a coin before be becomes out of reach.... 1 of a million... Not financial advice... Cheers!!
Makerdao primed for the liquidity crisisI noticed the orderbook is very thin of maker so I dug a bit deeper and found out both uniswap and sushiswap have been doing a lot of swaps from eth to mkr. If you look at the volumes being traded and the liquidity that is actually there we might be heading to a shortage causing the uniswap pricing curve to go up in very bug jumps.
all pivot points fall outside the yellow box of no resistance. After that we're quickly heading into an exponential growth
In this chart you can see we´re right now heading into a zone with virtually zero resistance, as soon as asian session begins and the current trend continues it isn´t eth but mkr actually pumping because of the liquidity shortage. More information can be seen here: analytics.sushi.com because MKR has no other real pairs besides Eth arbitrage becomes very expensive
MKR, ETH, BTC, YFI 2021 comparisonMKR, ETH, BTC, YFI 2021 comparison. Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
MKR 4 hour Bullish divergence MKR looking nice making higher highs and higher lows, now showing bullish divergence in very bullish conditions could easily see a re test of these levels if BTC remains in this macro. BTC also is above a very important level of 58,300 so i am more confident to be trading alts atm
Crypto Market & MKRUSD Technical Analysis & Predictions 3/25/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.