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MKR / TetherUS

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MKRUSDT trade ideas

Alikze »» MKR | Retest the bottom of the ascending channelIn the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone. 💎 Currently, according to the momentum and downward guard, after an attempt to the midline of the channel, it is continuing to correct to the bottom of the channel. 💎 According to the trading node and the previous major ceiling, this correction can continue until the green box area. 💎 Therefore, it is expected that after one attempt to the area, the correction will continue until the green box area. 💎 In addition, if it has the ability to break the supply area of the red box, it can retest the previous ceiling. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Short
by alikze
MKR Weekly AnalysisMaker (MKR) has been the top loser of the week, with a correction of 13.11%. In April, MKR, a popular Layer 2 solution for Ethereum, experienced a sharp decline from $4,083 to $2,356. However, MKR quickly recovered and is now in an accumulation phase. Currently, MKR is forming a bullish pennant on the daily chart, indicating potential upward momentum if the price breaks above the pennant's upper trendline. The critical demand zone lies between $2,660 and $2,468, and if this zone holds, an uptrend is likely. Moving averages on the daily time frame suggest a strong sell signal, indicating short-term bearish momentum, while on the weekly time frame, they suggest a strong buy signal, indicating potential long-term bullish momentum. Oscillators on the daily chart also support a strong sell signal, while on the weekly chart, they remain neutral, indicating no clear dominance of either bulls or bears.
Long
by Mudrex
MKR/USDT ascending trendline bullish horizon? 👀🚀MKR Analysis💎 Paradisers, get ready for a promising opportunity with #MKRUSDT as it consistently follows an ascending trendline, enhancing the likelihood of a bullish trend continuation. 💎 Previously, we observed a shift where supply turned into demand, and the price demonstrated a strong bullish movement, forming a double top before dropping and respecting the ascending trendline as support. Currently, the price has revisited this trendline, and if it can maintain its momentum at this level, there's a high probability that #MAKER will continue its bullish trajectory along the trendline. 💎 It’s important to note that if the price fails to sustain its momentum along the ascending trendline, this could indicate a weakening of the bullish trend. In such a scenario, we are prepared to take advantage of a bullish rebound from the lower demand level at $2320. The significant liquidity at this level suggests that ASX:MKR could experience a robust bullish recovery. However, a break below this demand level could result in a substantial decrease in price. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
BNB/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price broke sideways from the downward trend line. Let's start by determining the support line and as you can see, the first support in the near future is $2,658, if the support is broken, the next support is $2,274 and $1,777. Now let's move on to the resistance line, as you can see the first resistance is at $3,023, if you manage to break it, the next resistance will be at $3,438, then at $3,727 and then at $4,105. Looking at the RSI indicator, you can see that we are approaching support, which may result in another attempt to rebound the price, and the STOCH indicator shows that there is still some room left to go down before it increases again.
by cryptodailyuk
MKR/USDT Keep an eye on the demand area, potential reversal!💎 Paradisers, #MKR is indeed a coin worth monitoring closely. 💎 Currently, there's a potential for the price to retest the demand area around 2530 - 2400. Historical data suggests that MKR tends to bounce consistently when reaching this demand area. 💎 If this pattern repeats, MKR may test the resistance trendline after bouncing from the demand zone. 💎 Breaking above the resistance trendline is essential for MKR to sustain its upward movement and potentially reach higher levels or our target strong resistance area. However, if MKR fails to break above the trendline, it could face rejection and retreat back towards the demand area. 💎 Should MKR fail to bounce from the demand area, there's a possibility of a wick forming when testing the support zone, which was not touched after the re-accumulation phase. This could signal a rapid return to an upward trajectory. 💎 The bullish invalidation scenario would occur if MKR breaks below the support level at 2267, confirmed by a daily candle close below this level. Such a move could indicate a shift towards bearish sentiment and potential further price declines. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
MKR/USDT Ready for an Explosive Bull Run? Positive Signs🚀👀💎Paradisers, #MKR is currently building momentum and gearing up to retest the descending resistance. 💎Once it breaks out, we'll wait for a retest to confirm our trading plan. The retest phase usually follows a breakout, offering an excellent opportunity to confirm bullish momentum. If #Maker holds support at $2701 and continues its upward climb, our projected resistance zone will be the next target. 💎However, if #MKRUSDT struggles to maintain support and falls back into the channel, it could hint at a weakening bullish trend. In this case, the price may drop further to the next significant support level around $2363. 💎Historically, ASX:MKR has shown resilience by bouncing decisively from this level. If this pattern holds, we could see a strong bounce. But if a decisive candle closes below this support, it will challenge the bullish outlook, signaling a potential shift toward a more bearish trend. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise
Expansion exposure -- Recap of MKRWe analyzed the fundamentals and technical aspects of Maker DAO in early April. Let's take a look at the changes after a month. Fundamentally, as the head protocol of RWA, MakerDAO is famous for its security. But after ONDO established cooperation with BlackRock fund BUIDL. MakerDAO chose to expand its $600 million DAI exposure to Ethena’s USDe and sUSDe. This may be due to the continued strength of ONDO. However, it is dangerous for an over-collateralized stablecoin to open up exposure to a centralized stablecoin (USDe is based on the funding rate arbitrage model to generate high returns and high risks. We will explain it in a subsequent analysis if we have the opportunity). After its implementation, multiple DeFi protocols that adopted DAI, such as AAVE, began to consider reducing the share of DAI to avoid risks. We represent ENA (Ethena’s token) with a yellow line in the figure. MakerDAO said on April 9 that it was expanding its exposure. The impact of this aggressive move on the price was obvious. After that, MKR continued to pull back and the bulls weakened. On the TSB indicator we can see that although the bar bounced back after touching the wavy zone multiple times, the bulls were encouraged. However, the TSB indicator prompted a SELL signal today, which shows that at the daily level, MKR's bullish trend is temporarily over. If you are long MKR based on the TSB indicator, you can first consider taking profits. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
📈💪 MKR Trade Opportunity! 💪📈📊 Analysis: Relative Strength: Maker (MKR) is exhibiting relative strength compared to BTC amidst market weakness. Reversal Signs: MKR has absorbed liquidity at $2,365 and is showing potential signs of a reversal. Entry: Consider entering the trade at $3,150. Profit Targets: Aim for profits at $3,650 or $4,000 levels. Risk Management: Set a stop-loss at $2,850 to manage potential downside risks. 📈 Trading Strategy: Entry: Initiate a long position at the specified entry price. Targets: Take profits at identified resistance levels. Risk Control: Implement the specified stop-loss to mitigate losses in case of adverse price movements. 🚨 Note: Monitor market conditions closely and adjust the strategy accordingly as the trade progresses! 📊🔍 #MKR #TradingOpportunity #CryptoAnalysis 🌟📈
Long
by Richtv_official