MKR RETRACINGMKR is at major resistance, and buying volume and relative strength index is having a divergence
we can see a pull back to 760 level before next leg up
DYOR
MKRUSDT trade ideas
Great short opportunity on MKRShort idea on MKR, will enter short position @ around 977
Good luck to all my fellow bears out there!
I get BULLISH when they get BEARISHMaker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.
MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.
The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
Catalyst:
LOW FLOAT COIN - Less than 1 million coins available - my favorite type of investment
Do you due diligence
mkr possible bearish trade I was monitoring mkr for a few days ago and this is one of the best zone for a short but don't forget the market is unpredictable always use the stop
MKR possible short scenariothe maker situation for the next days is just a bullish bounce to the 55 periods ema to continue falling
#MKR long ideaHello dear Traders,
Here is my idea for #MKR
Price closed above yellow line (previous month high)
Price closed above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Mkr is getting Ready for shortas you can see we are in an uptrend channel in 4H actually seems it was a pullback to a broken pivot daily, and we are in a supply zone, if you are long it's better to save and risk-free position,
also, we have divergence in 4H and 1H, you can short in here with tight stop loss or you can wait to break dynamic support then short...
MKR Short PositionMACD shows a bearish divergence. Expecting to form double Top pattern.
Waiting to make a higher high and hit S&D before entering this trade. :)).
practice lang tohwwww.
Trade #8 MKRMy Setups on MKR
Entry 754.4
TP Max 778.7 You can tp anywhere if cross TP 50%
TP 50% 761.9
SL 747.1 You can chose to comfort always DYOR
MKR LONG IDEA 4hrMKR in a bullish C and H formation, looking for an ENTRY on break of this resistance and confirmation of support.
MKR possible short tradeIn 4h chart we are in an important resistance if someone wants to open a short position it would be in this zone and the stop between 790/815$ isn't an investment recommendation
MKR / USDT Short...MKR/USDT Sell... This is not signal... Dont risk more than 3% of your account on any trade... LV 5!
MKR: TRADING IDEAMKR: TRADING IDEA
Seems to have a stable volume also in times of breakdown what can bring MKR to at last 14% increase.
MKR Maker Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for MKR Maker is $660.
Looking forward to read your opinion about it.
MKR about to broke bearish channelAfter checked in a couple of timeframes and verified liquidity, seems that MKR is about to broke his strong support just to make a bulltrap and change his trend. Also don't forget to calculate your entry in PULLBACK after confirm trend change
MKR USDTwarning ! dai may will be depeged so be careful !
Naturally I expect that buyers gonna apear at support level !
Makerdao could make some decent uptrendIf Makerdao holds the 700$ mark, and break above 1k. I see a decent uptrent next upcoming months.
AAVE, COMP, MKR, UNI, CRV vs ETHThe chart shows the AAVE, COMP, MKR, UNI, CRV price performance vs ETH using the Binance USDT pair data.
#MKR reversal idea #cryptoHello dear Traders,
Here is my idea for #Maker
Price finds support at monthly pivot S1 line – we had the same scenario at the June S1 pivot line.
Daily inside bar has been formed and we will wait for a close above the yellow trigger line (875$) in the 4h chart to enter the trade.
Profit target 1422$ and stop 700$.
Risk Reward ratio 3.2
Please feel free to ask any question in comments. I will try to answer all! Thank you.
About #Maker
Rank 55 by marked cap
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.
MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.
The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
Source: Maker price today, MKR to USD live, marketcap and chart | CoinMarketCap
About Pivot Lines
The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview.
If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2.
Source: Learn How To Use Monthly Pivot Analysis (forbes.com)
MKRUSD ❕ upward channelMKR is moving in a range within the upward channel.
The price has already made a false breakout of the lower boundary of the channel and is now trying to fix above it.
I expect that the price may continue to move within the uptrend channel after the final fixing. Further upward movement will depend on the price reaction to the nearest resistance level.
