MKRUST trade ideas
MAKER IS ABOUT TO REVERSE FROM CONSOLIDATION TO RAGING BULLNOTE : I am a founder of INVESTMOX CAPITAL which manages 1M€+. I put my money where my mouth is. You can track my public track record on ICONOMI.
MAKER/USD idea
Some chop is expected between 2100 - 2300$ range but i'm confident we'll see breakout to the upside
EMA 200 is also about to be fliped or denied. As i said chop is expected. But MAKER DAO fundamentals and protocol revenue is reaching ATH's, burning is massive.
Supply shock will happen sooner or later :)
MKR, no.1 TVL looks niceMKR just gained lots of in flow after the crash of UST and it is looking very good both in term of TVL dominance on ETH and price action chart.
1. 1000 USD is a solid support here if you want to buy or go long for a swing trade it is a good SL point.
2. MKR is no.1 TVL in couple of TOTALDEFI chart both seems to confirm with a confluence here. MKR STORSI/RSI seems to complete while TOTALDEFI shows an exhaustion gap and a rejection at fib 0.78.
3. If MKR can still function nicely without a problem of DAI peg dislocation, it might be the first in DEFI in recovery from the Bearish trend.
MKR, the fairy guides the way.The following are machine translations:
On the daily line, this big drop stopped at around 1000, and then the yang covered the yin, and then there was a sharp rise and fall, leaving a long upper shadow line. At present, it is going above the long upper shadow line in the past two days, and the fairy is pointing the way. , the operation fell back to do more, the top target near 1900-2000.
💡Don't miss the great buy opportunity in MKRUSD @makerdao
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1927).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKRUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 44
Take Profits:
TP1= @ 2100
TP2= @ 2183
TP3= @ 2339
TP4= @ 2523
TP5= @ 2760
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in MKRUSD @makerdao
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1927).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKRUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 44
Take Profits:
TP1= @ 2100
TP2= @ 2183
TP3= @ 2339
TP4= @ 2523
TP5= @ 2760
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
MKR parallel channel or flag#MKR/USDT
$MKR is inside ascending parallel channel and near the lower line.
🐮 holding the lower line will increase price to upper line of channel that is the same with resistance zone around $2000.
🐻 this channel can act as flag pattern so break down from lower line of channel will drop price to support zone around $1700.
MKR important supports and resistancesHello trading view community. Should you like this analysis please support with likes and comment your idea below the analysis. Thanks.
Never risk more than you can afford to lose.
Always DYOR.
Having been broken the down trend channel, MKR surged up, though crashed down again and now headed toward its minthly support zone ($1949 in red)
if marked crash down again due to BTC MKR may break its spport level downward to $1720 (in green), which is a daily support level, otherwise MKR may suege upward to reach $2179 & $3163 resistance zones respectively which are important weekly resistance levels.
in case that BTC moves upward MKR after breaking $3163 weekly resistance level may reach again to $3963 monthly resistance zone which may happen in midterm.
This is personal idea and I am not a financial adviser.
MKR/USDT shortyMKR/USDT
🟢entry: $2391-$2311
❌stoploss: $2506
🎯tp1: $2067-$2016
🔼potential %profit: +13.19%
🔽potential %loss: -6.59%
r/r: 2
🐹the market is starting to slow down, range, and to show signs of exhaustion creating a local top. many markets are red on the day; one of markets that isn’t red yet is MKR. up +46% since the first week of march, i am setting up a short here to catch a potential correction. entry is in current range, stop-loss is above the range, target is at most recent local support. orders are layered through out the box to decrease the reliance on precise entries/exits.
✌️all good luck and always practice strict risk management.
MKR - The ultimate goal 3700 TargetHello trading friends,
Depending on the target scan - the ultimate goal for MKR depending on the long term trend could be 3700 USD
There is still a high chance of the breakout expected - since MKR did enter also new cycle including the green TA trends.
if this coin increase to the target of 3700+ it means at last 51%+ increase
We will see what this coin will do with the next time frame.
Have good time
MKR - Target confirmation - Interesting for the high breakout This is an extra update for MKRUSDT with the last confirmation trends.
This coin can become on the top list - this depends on the TA trends that it shows.
20% increase + is a possible target - and 3700 are long-term or short-term golden targets.
The interest in this coin is that the volume is also increasing against BTC as we did with other coins- which means it is more interesting to follow the trend and green depending TA.
Same time don't expect to fast price changes, it's going on their way and it can take some time - further, there is no reason to enter any coin directly.
Have good time
# This is not a trading call - trade only depending on your setups.
The goal of this chart is to follow only the coins that are interesting, and where the chance is high is that it will show an effect on the market price.
