MKRUSDT trade ideas
Daily MKRUSDT is in a very promising scenario! What do you thinkTechnical analysis regarding the price of MAKER in relation of dollar Tether for the next scenarios, based on daily movement.
The price is moving sideways and may be accumulating for a new impulsive wave formation. The price has come and gone in a very considerable upward trend, which I believe will last longer! It is just taking a breath to have a new price boost and, if you break this resistance region (upper red line on the chart), you can get the $ 2,884 dollars.
I emphasize here that nothing is 100% concrete! I am passing my perception on the current scenario and it is not a recommendation to buy. Use for didactic purposes and carry out your own analysis on. Take only as a speculative basis.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
🆓Maker/USDT Analysis (25/3) #MKR $MKRMKR has a good support at 1800$ zone, if it can hold this support, it will move up to 2600$ and even 3400$ zone in April.
But if MKR loses this zone, it will continue to dump to 1400$ or 1200$ in the next few days.
We must pay attention to this 1800$ zone in this moment
📅EVENTS
👉Mar 30 : SolarX Vote Ends
📈BUY
-Buy: 1750-1850$. SL if B
📉SELL
-Sell: 2550-2650$. SL if A
-Sell: 3350-3450$. SL if A
♻️BACK-UP
-Sell: 1750-1850$ if B. SL if A
-Buy: 1350-1450$ if A. SL if B
-Buy: 1150-1250$ if A. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
⚡️⚡️ #MKR/USDTPERP ⚡️⚡️ Potential 11.99%⚡️⚡️ #MKR/USDTPERP ⚡️⚡️ Potential 11.99%
Exchanges: Binance
Signal Type: Regular (Long)
Leverage: 2X
Entry Zone: 2021 - 2119
Take-Profit Targets:
1) 1925
2) 1778
Stop Targets:
1) 2243
***NOT FINANCIAL ADVICE– The Information on this chart is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.
You understand that you are using any and all Information available here at your own risk.
RISK STATEMENT– The trading of Cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
a trading channel on makertest purpose please do u own research before entering this trade. still trying to learn new things in the trading world here is one of my first TA.
a small trading channel on maker for short period. I see an opportunity to take a short on the way down if the trend holds.
if the channel holds his support at the bottom I am going to take a long to the upper trend line of the channel with some tp's the way up to minimize the risk.
please leave some support down for some feedback.
MKR// Ascending TriangleMKR has been slowly but surly climbing up on its trend line and finding resistance at the 38% level. Price has printed an Ascending triangle.
MKR has been riding the BTC momentum and withstanding the dips holding its main areas of support.
What I expect to happen is, when BTC creates new ATHs, MKR will likely follow with momentum, breaking the key resistance level and find support. The safest way to trade these triangles is to wait for the retest of the zone, or attempt to find an entry on the pullback after the break of the resistance.
If you've paid attention to any ALTs this week or some of the ALTs I've posted youll realize that IMO, some of these tokens are being pumped/manipulated in one way or another. Therefore, when trading, it is best to always use a stop-loss, and then protect your downside, meaning take your profit as you go, or set your SL above breakeven.
Let me hear your thoughts!