MKRUSDT trade ideas
Maker astonishing rise ahead?👀!! 🚀MKR Today Analysis💎 MKR is currently trading in a high volume area, with the poc of the Volume Profile Visible Range acting as support.
💎 if it fails to hold its position at the POC, it could correct to another level, potentially up to 5%, before resuming a bullish trend.
💎 maintaining a strong position above the 50-day Exponential Moving Average, further indicating a potential bullish move.
💎A crucial support level at 588, and a low volume node has been observed. A breakdown of this support could shift the market momentum into a bearish zone.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
mkr buy setup moving in a descending triangle for a long time and is ready for the next move here is my buy setup
🚨 Trade Update: MKR/USDT (3-5x)🚨 Trade Update: MKR/USDT (3-5x)
📈 Long Entry: 789 - 960
OTE (Optimal Trade Entry): 877
SL: 748.6
B/E Move: When it moves close to TP2
TPs:
Short Term: 975 - 989 - 1015 - 1050 - 1100
Mid Term: 1250 - 1500 - 1800 - 2200 - 2447
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
MKR target 1440 and potential reach 20001D time frame
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MKR retesting that brokeout strucutre
TP: 1440 and 2050~2270
SL: 500
*Notice entry is very far from SL(over 40%)*
mkrusdtsignal to long
You can trade according to the numbers specified on the chart.
According to the lines and return points, this deal is suggested.
mkr START OF THE BULL RUN ?once mkr retests 1000$ as support it should begin its bullrun.next resistance 1670$
MKR: Bullish PennantMaker (MKR) technical analysis:
Trade setup : Trends have reversed to uptrend but has reached our target of $1,000-$1,100 resistance zone, where it got rejected. Notice the long wicks on recent daily candles, indicating heavy selling. After a 100% gain from recent lows ($500) on June 10th, we expect some profit taking around the $1K resistance area. Now it’s consolidating in a Bullish Pennant pattern and we wait for a breakout. We highlighted MKR in our recent trading video “5 coins with big upside near-term”. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
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 $800 (previous resistance), then $600 – $700. The nearest Resistance Zone is $1000 – $1100.
MKRUSDT at monthly resistance, likely to come to monthly supportThe price has hit the confluence of monthly, weekly and daily resistances. It is experiencing the pull back from this resistance. I think this is pretty stromh resistance and has a higher porbability of holding the price for some time. Below this, there is a support level which is again a confluence of monthly, weekly and daily support levels which makes it a very strong support. Any dip to this support zone is for a buy. It is possible that the price visits this support zone. A long is definitely favorable in case the current resistance is broken and the price trades above it for a while.
MKR: Resistance BreakoutMaker (MKR) technical analysis:
Trade setup : Trends are reversing to uptrend. The $600-700 support zone once again acted as an attractive entry area. Now price broke above the 200-day moving average (~$676) and above $800 resistance, signaling potential trend reversal. Price could revisit $1K resistance. 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 on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, which it broke, then $1000 – $1100.
MKRUSDT UPDATEThe situation with MKR is as follows:
After the market crash, this cryptocurrency had one of the best performances and quickly managed to recover itself. One of the most important support levels for MKR is the support trendline that I have marked on the chart with a green color. This support trendline had been lost for some time, but finally, after two attempts, we were able to regain it.
However, more importantly, it's the overall market situation that is not showing any interesting trend, so for me, it is important today candle closes above this support trendline, regardless of whether it is red or green. If this happens, the price of $685 could be a suitable entry point for buying, and my target would be the resistance trendline that you see on the chart marked in red, indicating a price of $800.
Keep in mind that there is no certainty in this market, and we are only trading based on the data we see on the chart and sometimes with the help of news. Therefore, the best approach is to enter a trade with confirmation.
In my opinion, the downtrend of this particular coin has been broken, and we can confirm it with the break of the structure. However, there is also a block order that I have indicated on the chart, which has acted as resistance twice and caused a price drop.
Please don't forget to like and comment, and if you haven't already, follow me. I examine the cryptocurrency market trend every day and share interesting ideas here for free.
Wishing everyone profit and success.
MKR/USDT - Maker: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the ASX:MKR / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 761 | 817 | 919, while substantial support zones are identifiable at 659 | 613 | 511. It is highly recommended to seize this opportunity by entering a trade within the present price range of 708 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Maker
▣ Rank: 67
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 708 ₮
▣ 24HVol: 4,418,279.317 ₮
▣ 24H Chng: 3.812%
▣ 7-Days Chng: -6.10%
▣ 1-Month Chng: 7.86%
▣ 3-Months Chng: 0.98%
◲◰ Pivot Points - Levels :
◥ Resistance: 761 | 817 | 919
◢ Support: 659 | 613 | 511
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.93
▣ Last 90D: -0.12
▣ Last 1-Y: -0.03
▣ Last 3-Y: 0.63
◲◰ Volatility :
▣ Last 30D: 0.51
▣ Last 90D: 0.48
▣ Last 1-Y: 0.86
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.46 - Bearish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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MKR target 2400$The defi sector looks overbought in general, I think we could see some decent uptrend in the next coming weeks/months. Price target for BINANCE:MKRUSDT 2400$*.
MKR/USDT - Maker: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the ASX:MKR / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 702 | 786 | 966, and the major support zones can be found at 522 | 426 | 246. Consider buying at the current price zone of 671 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: Maker
▣ Rank: 61
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 671 ₮
▣ 24HVol: 2,117,940.001 ₮
▣ 24H Chng: 0.751%
▣ 7-Days Chng: 8.59%
▣ 1-Month Chng: 6.50%
▣ 3-Months Chng: -0.00%
◲◰ Pivot Points - Levels :
◥ Resistance: 702 | 786 | 966
◢ Support: 522 | 426 | 246
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.73
▣ Last 90D: -0.02
▣ Last 1-Y: 0.36
▣ Last 3-Y: 0.58
◲◰ Volatility :
▣ Last 30D: 0.38
▣ Last 90D: 0.45
▣ Last 1-Y: 0.90
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.72 - Bullish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
MKRUSDT Long ideaEverything is clear. We had a breakout, then a retest, then a market crash. But MKR was able to survive the market crash and return to the support line. My prediction is the beginning of an upward movement to $680 and then $730.
MKR: Approaching ResistanceMaker (MKR) technical analysis:
Trade setup : Trends are mixed. Price remains inside the $600-700 support zone, which has repeatedly been an attractive entry area. If it can break above the 200-day moving average (~$676), price could signal potential trend reversal and revisit $800 thereafter. 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 on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, then $1000 – $1100.
Technical analysis for "MKR/USDT" - NUANCES ? Technical analysis for "MKR/USDT" - NUANCES ?
INTRODUCTION:-
Welcome to this technical analysis of the MKR/USDT trading pair. In this article, we will analyze the current market situation and provide insights into the potential price movements of Maker (MKR) against Tether (USDT).
## MKR/USDT Technical Analysis
### Support Level at 607-620 USDT
MKR/USDT has established a significant support level at 672 USDT. This level represents a price point where buying pressure has historically outweighed selling pressure, resulting in a bounce-back in prices. When considering the support level at 672 USDT, it's essential to analyze the market conditions, candlestick patterns, and overall sentiment to confirm its reliability.
### Can Go Upto 800-823 USDT
Conversely, the resistance level at 823 USDT presents a price barrier where selling pressure has historically intensified. Profit booking is must here.
### Trendline Break Confirmation
When a price breaks above a downtrend line, it signifies a potential shift in sentiment from bearish to bullish. Traders interpret this break as a confirmation of upward momentum and may consider opening long positions or adjusting their existing strategies accordingly.
#PLAN YOUR TRADE AND TRADE YOUR PLAN.
MKRUSD ❕ descending wedgeMKR has fixed above 200EMA on the 4H TF and above 50EMA on the 1H TF.
RSI chart moves in bullish zone (4H, 1H and 30m Timeframes)
I believe the asset will rise after it overcomes the resistance level and exits the wedge.
Mkr - was can drop - resistance
- support trendline ( 3 touches )
- volume at the top
- divergency on my indicator
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MKRUSDTMKRUSDT is under strong selling pressure currently forming bearish flag with no significant bullish signs on momentum indicators.
Will it break bearish flag to to continue its downward trajectory?
MKR/USDT Technical Overview: Potential Correction Before Bull RuMKR/USDT Technical Overview: Potential Correction Before Bull Run, Key Levels and Targets Revealed
In this comprehensive MKR/USDT technical overview, we delve into the current state of the market, analyze the chart patterns, and identify potential entry points for accumulation. While this article does not provide financial advice, it aims to equip readers with valuable insights to aid their own research and decision-making process.
Current Market Analysis
MKR is currently trading at $632, presenting an opportunity for potential accumulation.
Chart analysis indicates the possibility of another correction before a bullish leg up.
Best Entry Points and Resistance Levels
Consider starting accumulation slowly within the $430-$500 range, which offers an attractive entry point.
Breaking the Resistance TrendLine is crucial to entering the anticipated bull run.
Pay attention to the significant resistance area marked by the Red Line box.
Targets for the Next Bull Runs
Several exciting targets lie ahead in the upcoming bull runs: $850, $1170, $2315, $3806, and $6350.
These levels represent potential milestones during the expected upward price movements.
CryptoPatel Key Levels
Support level: $400, which may provide a solid foundation during price retracements.
Resistance levels: $850, $1170, $2315, $3806, and $6350, representing critical milestones to overcome during the bull run.
Takeaways:
MKR currently presents a buying opportunity, with a potential correction before a bullish leg up.
Accumulation can be initiated in the $430-$500 range, with an eye on breaking the Resistance TrendLine.
Significant resistance is anticipated within the Red Line box area.
Targets for future bull runs include $850, $1170, $2315, $3806, and $6350.
CryptoPatel identifies $400 as a key support level and highlights the resistance levels for traders to monitor.
Conclusion:
While this MKR/USDT technical overview provides valuable insights into the current market conditions and potential price movements, it is essential for readers to conduct their own research and exercise caution before making any investment decisions. Stay informed, analyze the market diligently, and develop a comprehensive strategy to navigate the exciting world of cryptocurrencies.
Note: This article does not constitute financial advice and should not be interpreted as such.
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Mkr/Usdt Plan Mkrusdt
Triangle pattern breakdown confirmed retest is in process incase of rejection from here I am expecting 20-30% drop
Dyor
