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MKRUST trade ideas

MKRUSDT is creating a huge pennantMKRUSDT is currently forming a pennant pattern. A pennant is a technical chart pattern that resembles a symmetrical triangle and is considered a continuation pattern. It forms when price consolidates after a sharp price movement and usually indicates a pause in momentum before the trend resumes in the same direction as before. Traders often look for a breakout from the pennant in the direction of the previous trend, confirming the continuation of the trend. However, the formation of a pennant is not a guarantee of a successful trade and requires careful analysis in conjunction with other indicators and market conditions. Within this pattern, the price broke out from a descending channel, which is a bearish trend characterized by lower lows and lower highs. The market is now testing a static resistance and support level. We are waiting for a breakout from the pennant and key level, a retest, and a new bullish impulse, following Plancton's Rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
MKR/USDT(1D, 1W) Maker is Breaking long term downtrend line!Hello Traders and "longterm" investors in crypto :D:D, This chart indicates potential bottom of MakerDAO project. Breaking the longterm downtrend line and possible finished wave C could be nice and clear signal for market to rebound. After breaking the line we could wait for confirmation of line as a support. Also price action of Bitcoin is interesting which is forming similar "ending diagonal" like pattern. Could this be alredy bottom ? Chances are something like 60/40, and crypto market is highly dependant on Stock market (especially state of risky growth stocks). But after the moment when investors start to buy this growth stocks. RIght after they will deploy some money into crpyto where correction was above -90%. :) Consider your risk and do your own research for each specificic Cryptocurrency. This is pure speculation. Bear market can last entire year 2023 if central banks decide to do so (via interest rates and QT). Take care and trade safe.
Long
by Longevity_Contrarian
2
MKRUSDT Are increases coming?Hello everyone, I invite you to review the MKR cryptocurrency pair to USDT, on a four-hour interval. Let's start by marking with blue lines the downtrend channel where the MKR price is moving. Now, using the Fib Retracement tool, we can determine the support that the price has when the correction deepens. And here in the first place we can mark the support zone from $515 to $509, if the zone is broken, we have the next support at the price of $502, which is the place of the last low. Looking the other way, we will check resistance points for the price in the same way. As we can see from the $540 to $551 level, we have a strong resistance zone that the price has to face, once we exit above it, there is another resistance at the $564 price, but first the price needs to break the $525 to $530 zone. It is worth marking the Rounding Bottom here, because such a formation often ends with an increase in price. As we can see on the CHOP index, we have a lot of energy for the next move, the MACD stays on the edge of the local uptrend, while the RSI is in the middle of the range, but when we look at it on a one-day interval, we will notice that in the long run we are moving in the lower which may also indicate a price increase.
by cryptodailyuk
1
Makerdao - Prepaire for 2023-2024 Next year will be with no doubt better for Makerdao. Load your bags, beaceause soon this prices will be history for ever! Makerdao is a healty protocol, it has already great collaberations with partners and comany's. Makerdao is ment to be epic we all know it... My average price prediction for 2023-2024 is between 3500- 2500 dollars. 2024 - 2025 will be nuts no hair on my head thinks otherwise. There for this prices is a gift, use it! Source pitcure: Mastropietro, B. (2021, 14 juni). History of MakerDAO project. BrightNode. brightnode.io
Long
by UnknownUnicorn27344900
MKR - was opening of DEFI season ) Buyer's area from where there was a 1000% increase last year Someone is neatly absorbing all the sales and not letting them get near the $600 level Price a clamping down in a flat bottom triangle. if price made A break down move i will open a short. A breakup of the blue trend line i will open a long position. Tomorrow's daily will decide what a position I need opening. If you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your your friends.
Long
by Artem_Dishel
2