MKRUSDT trade ideas
MKRUSDT - two basic optionsTriangles help identify the next probable move, and within the Elliott wave guidelines - triangles are the structures, preceding the last wave in a larger structure.
Based on that, it is prudent to assume, that beyond the main option for the bullish triangle (wait for the move up in a bullish impulse to test the ATH) we must keep in mind a larger corrective structure, where this triangle will become the wave B and, as it precedes the terminal move - we may get another substantial move down.
Good luck and trade safe!
MKRUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you can see, the price has started to move upwards after hitting the support line and is fluctuating below the resistance line.
If the resistance line breaks and the price stabilizes above it, then it can touch our target.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2796).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKRUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 3109
TP2= @ 3286
TP3= @ 3448
TP4= @ 3625
TP5= @ 3796
SL= Break below S2
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💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2796).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKRUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 3109
TP2= @ 3286
TP3= @ 3448
TP4= @ 3625
TP5= @ 3796
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
MKRUSDT Technical Analysis
⏳ Spot
💎 MKRUSDT has formed a symmetrical and descending triangle. After several rejections at the bottom at the support line we need to wait for the breakout and see the pump
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 3092 to 2886
☕️ TP1 3226
🍺 TP2 3622
🍻 TP3 4089
🍾 TP4 4500
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 2886 to 2710
Good Luck 🎲
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MKRUSDT (1D) OUTLOOKEDUCATIONAL PURPOSE ONLY 🤬🤬🤬
MKR has been trading between 3986 and 1893 range since June 2021. Having broken out of a prevailing structure within this range, i want to see price drop to 2633 -2200 range before i make a move to buy the coin for a quick target at 3986 area.
Remember that price have tested this 3986 (EQH) level for 3x hence i expect a quick drop from there to 1900/1750 area which will the best point to buy in for a long term holding.
I will update here is price structure changes.
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MKRUSDT is testing the weekly resistance 🦐The price is testing the weekly resistance after a daily breakout. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
MKRUsdtmaker make nice Triangle :)
The Maker Protocol: MakerDAO's Multi-Collateral Dai (MCD) System
with good fundamental and remember with new law on US for crypto ppl more use DAI and switch of TeTHER to Dai .and this can help MKR for move up and got upper prize
GL
EntryPoint :
2477
Supports :
2241
1913
1562
1407
Resistance:
2538
2771
Targets:
3025
3477
4045
5020
6608
For mid time and HODL:
9370
11246
14613
GL