MKRUSDT trade ideas
MKR/USDT Symmetrical TriangleThe symmetrical triangle for MKR shows a possible break out within the following few hours. The bearish and bullish targets are highlighted. Safest entry would be a retest with break out confirmation in volume as well as a macd rejection or macd cross!
Money MAKERMaker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 5760 and even higher. MKR been money maker lately (see related idea), so I hope this ATM🏧 is still working! There are 2 different SLs, one tight, one wide. I will split the position into two (equal size) and will go with both SLs.
ENTRY : local high @ 4151
SL1 : local low @ 3934
SL2 : local low @ 3568
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL1) @ 5760
RRR with SL1 : 7.4
RRR with SL2 : 2.75
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
MKRUSDT - 1HYou can look at it as a inverse head and shoulders or like a cup and handle pattern. Anyway to me it seems like it's a reversal structure.
For confirmation we need to break horizontal resistance!
For every new follower i will add a new idea :)
It was a good run...$mkr looking like it is finishing it's parabolic run. High volume area for support would be around $3500 area
MKR The Dominator Of The DEFI CategoryMKR price traded at $4786 with a gain of 35.83% in the last 24-hour. Furthermore, MKR price is in a continuous uptrend and testing the resistance of $4970. In contrast, the market capitalization stands at $4.69 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $4970 in future trading sessions.
Resistance: $4970
Support: $2866
MKR.USDT (Y21.P2.E1).Potential cradle setupHi Traders,
Here is a potential nice setup for a cradle trade on the 1 hrly.
It has all the ingredients so far.
Yes, it has a slight downward pressure for now, but that could be shallow.
Be careful as BTC can spoil many good setups if it drops.
If you don't know the check list for a cradle setup or strategy, you should learn it asap. Which I teach. Link below.
All the best,
S.SAri
s3.tradingview.com
s3.tradingview.com
MKR making triangleMaker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 4870 and even higher.⚡
ENTRY : local high @ 3667
SL : local low @ 3290
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 4870
RRR : 3.25
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
MKR MAKER - Shake & Bake 'er - GO LONG... maybe? With a recent rip on the daily, it looks like a breakout may be occurring on the 4HR. It's just a wee little candlestick spikey (but size doesn't matter right)?....
However, this might be the opportunity to use the 4HR to get ahead of the daily and take your position early. It's still pretty speculative, but I've pegged it at a 1:6 risk/reward. So, you don't have to get many of these little, high reward positions correct, to hit that big paydirt carrot.
Here are the indicators, most are leaning towards a buy www.tradingview.com
If you're not satisfied with my analysis, just use some house pet prognosticating... Step one: Put one doggy bone in each hand. Write long on one and short on the other. Whichever your mutt chooses first... THAT"S THE ONE. Step two: Invest entire life savings... What's the worst that can happen? Lots of homeless people have dogs.
What did the pizzas say to the pizza MAKER? CHEESE-US!
MKRWe broke above triangle pattern, now we are in pullback. Could we break this short term resistance and make another move up? Anything below 2k means we are more likely to head down from there. OBV indicator is forming bullish divergences.
Experts See Profit-Booking In MKRMKR Price traded at $3459 with a gain of 22.80% in the last 24-hour and 60.45% up in the weekly time-frame. Furthermore, Maker plunged from the resistance of $3770. In contrast, the market capitalization stands at $3 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is trying to sustain above all the EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the EMA-21 of $3015 in future trading sessions.
Resistance: $3770
EMA-21: $3015
Support: $2540
MKR USDTI said if MKR breaks the triangle, we can see a big move to the upper direction. After retest, we are in %70 profit.
MKR - mind your risksRisk of a reversal into a considerable correction, as the impulse looks almost complete
