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MKRUST trade ideas

MakerDAO MKR price moves up in a decentralized mannerDespite the relatively high price, the Maker MKR token managed to double in price in a month . It turns out that now the MakerDAO ecosystem, which is one of the first projects on the decentralized finance (DeFi) scene, is now the locomotive that should once again accelerate interest in DeFi. At the moment, the MKRUSDT price is trying to gain a foothold above the important liquidity zone of $1050-1150. If it succeeds, it will only be a matter of time before it continues to grow to $1750-1850. If the MKRUSD price follows the red scenario, then the price zone of $630-730 can be considered a reasonable one for medium and long-term investments in the Maker Protocol token. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
32
MKRUSDT Igniting the Bullish Fire💎Today, Paradisers, we delve into the compelling case for #MKRUSDT's long-term bullish potential and shed light on how far the price might ascend. The first signal of a trend reversal emerged with the break above the year-long wedge pattern. Following four months of consolidation, the uptrend firmly established itself. 💎 A crucial factor was the bounce off the 200 Exponential Moving Average on the 3-Day chart.. But then, a decisive break and close above the bounce point at $1080 further solidified the bullish sentiment. This level could potentially act as a key support in the future, should #MKR experience a pullback. However, MKR can easily continue its upward trajectory without any correction, leading to exponential growth. 💎 Now, when it comes to the uptrend, setting a target or identifying a resistance level is crucial. Our projected target near $2100 is derived from analyzing previous demand, current supply level, and the 88.6% Fibonacci retracement. If achieved, it would signify a nearly 100% price increase—a huge movement indeed. 💎 However, let us not get carried away in the excitement of the potential gains, as a pullback could also materialize. Hence, maintaining a calm approach and adhering to proper money management practices is paramount. 💎 Finally, we must remain vigilant and attentive to any signs of a new lower low forming, particularly if #MKR breaches below $831. Such an event would invalidate the bullish scenario, possibly signaling a return to a bearish market.
Long
by MyCryptoParadise
2
MKR/USDT Elliott Wave Analysis: Expecting 20-30% Down MoveMKR/USDT Elliott Wave Analysis: Anticipating a 20-30% Down Move In this Elliott Wave analysis of the MKR/USDT trading pair, we'll explore the current price action and wave count for Maker (MKR) against the US Dollar Tether (USDT). The analysis suggests a bearish outlook and the CryptoPatel is expecting a significant correction in the coming days. Please note that trading involves risk, and this analysis should not be considered financial advice. Overview: #MKR is currently trading at $1231, and the CryptoPatel identified an Elliott Wave count, indicating that the impulse wave has already been completed. The focus now shifts to the correction wave, which is expected to lead to a substantial move downwards. Elliott Wave Analysis: The CryptoPatel observed an Ending Diagonal pattern in the 5th wave, adding weight to their bearish sentiment. The Ending Diagonal is a bearish pattern, supporting the hypothesis of an impending corrective move. Short Entries: Entry 1: $1270 Entry 2: $1200 (triggered when the trendline is broken) Targets: The analysis predicts that the correction wave could lead to significant declines, and the following price targets have been identified: Target 1: $1035 Target 2: $950 Expected Downside: CryptoPatel is anticipating a minimum downside move of 20-30% based on the Elliott Wave count and the observed Ending Diagonal pattern. Stop Loss: To manage risk, the recommended stop-loss level for this bearish trade is set at $1365. Disclaimer: Trading cryptocurrencies involves substantial risk, and readers should conduct their research and consult with a financial advisor before making any investment decisions. The writer shall not be responsible for any trading losses incurred based on the information provided in this analysis. Follow us for More Quality Analysis. Thank you.
Short
by CryptoPatel
4
MKR/USDT(SHORT Opportunity)Previously i posted an analysis of MKRUSDT decribing the Ranges. All the mentioned ranges played there role accurately. Now, MKR is trying to break its Resistance ZONE of 1240.We will not short here as it is already tested thrice now and getting weaker and weaker.So, there is a high probablity that it will break this level and will travel to the next resistance zone of 1290.Its safe to have a SHORT postion there as its a tough zone to get through. ENTRY : 1280-1300 Take Profit : 1)1230-1245 2)1190-1180 Stop Loss : 1315 Risk:Reward=2:3 Stay Patinet Stay Safe
Short
by ahnafsoad
MKR : UPCOMING TRENDthe upcoming trend for MKR what could make it able to gain up $800 coming time. Technical view shows the possibility for a new increase by MKR. Low time frame MKR needs to hold the $600 USD price action to be able to play in a stable trend that could change into a new increase view. If MKR can hold the $600 within the time frame then we could meet in the coming time the target of $800 MKR is at this moment one of the interesting coins that could show an increased view.
Long
by Goldenbreakout
MKR 1D Review Long-TermI invite you to review the chart of MKR in pair to USDT. Here the price stays above the uptrend line After unfolding the trend based fib extension grid, we see that we first have a support zone from $ 1067 to $ 1008, then we can mark the second support zone from $ 950 to $ 867, but when the zone does not hold the price, we can see a drop to the area of strong support at $ 763. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rebounded from the beginning of the $1265 to $1349 resistance zone, then it needs to break through the second very strong zone from $1442 to $1569 and then it can move towards the resistance at $1729. When we turn on the EMA Cross 10 and 30, we see that the MKR is moving in a local uptrend. The CHOP index indicates that the energy has been used, the RSI is moving in the upper part of the range, which may result in a larger price correction, and the STOCH indicator shows that there is a lot of energy, which, combined with the RSI, may result in a price correction.
by cryptodailyuk
MKRUSDTBINANCE:MKRUSDT has now faced a strong resistance line after a magnificent bull run that managed to raise the price from $500 to $1,250. It seems that this is the end of the upward movement of this currency. As we can clearly see, the 5 Elliott Waves are beautifully completed. But how far can the price correction continue and where is the best entry point? In my opinion, the range of 1150 to 1200 dollars can be a good entry point, and we can consider the 0.618 Fibonacci line as the target, which shows us the price of 800 dollars. But keep in mind that this is a long-term goal and don't expect a drop of several days to this point. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Short
by Madoir
6
MKR: Bullish Flag BreakoutMaker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend but price has reached our target of $1,000-$1,100 resistance zone. It briefly consolidated in Bullish Flag pattern, broke out again and spiked up as high as $1,250, making a new Higher High (sign up Uptrend). However, we’re deep in a resistance zone, so we would prefer to enter on another pullback or if price breaks above $1.1K resistance. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $800 (previous resistance), then $600 – $700. The nearest Resistance Zone is $1,000 – $1,100, then $1,250.
Long
by altFINS
MKR/USDT(TIME FOR A CORRECTION or A BULL RALLY?!!)In this sideways bearish market DEFI projects like COMP,MKR,AAVE performed so well. Previously i posted my analysis on COMP in details.Now its time for MKR. Today MKR went up over 10% and now trading between its MAJOR RESISTANCE LEVEL of 1150-1175. It would be hard to break this resistance zone as BTC is showing WEAKNESS. If BTC moves up to 31k again and further it may break this level. But it looks like next week BTC is going to 28.8k range again,so its more expected to see the price fall back to 1037-1018 range and even below.All the ranges are given at the chart analysis. The GREEN & RED coverd AREAs are MAJOR SUPPORT & RESISTANCE ares. The GREEN & RED lines are SUPPORT & RESISTANCE zones.
by ahnafsoad
1