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MKRUST trade ideas

MKR MakerDAO price didn't pick up with the activityIn the chart, we can see that the active wallets can be a leading indicator for the price of a crypto. This is similar to Metcalfe's Law, which measures a network's value. The law shows that the value of a network grows exponentially as the number of its users increases. We can see that recently, the number of MKR addresses increased significantly but the price didn't increase accordingly. This might be a bullish signal for MRK.
Long
by HenriqueCentieiro
✴️ Maker Goes Bearish | Something Is Not Right!Something is cooking behind the scenes and you can bet the tool you use to sit on that we are going to be the last to know about it but, the good news is that we have these charts. ➖ Maker (MKRUSDT) has been red for three weeks and is trading below EMA10. ➖ The rising wedge broke bearish, volume is dropping and the RSI is showing an inverted cup. These are very bad signal... 👉 This pair is going down based on the information coming from the chart. Namaste.
Short
by MasterAnanda
1
MKRUSDT - BULLISH OUTLOOKMKRUSDT is exhibiting a bullish trend and a bullish divergence on the 1-hour timeframe, indicating a potential trading opportunity for a continuation of the upward movement. Here's a concise analysis and trade plan: Entry: Consider entering a long position through a BUY STOP order, triggered at a price slightly above the current market price, around $1304. Stop Loss (SL): Set the stop loss at $1252 to manage potential downside risk. Take-Profit Levels: TP 1 @ 1:1 = $1356. This trade plan is designed to capitalize on the observed bullish trend and divergence in MKRUSDT, with well-defined entry, stop loss, and take-profit levels. Entering through a BUY STOP order provides a method to confirm the bullish momentum. As always, staying informed and adapting to market conditions is crucial for successful trading.
Long
by sunnytrader07
MKRUSDT : Long Position, Support-Resistance Flip, and Targets!🚀A trade analysis for Maker (MKRUSDT) indicates a long position with key levels, including stop and take profit, based on the concept of flipping resistance into support. Key Trade Details: Long Position: Initiating a long position on MKRUSDT. Stop Level: The stop is set at $1,214, serving as a risk management measure. Take Profit (TP): The take profit target is identified at $2,070. Support-Resistance Flip: The trade is based on flipping resistance into support, with the mid-range becoming the new support level. Targeting Range Highs: The concept is to target range highs as the price establishes new support levels.
Long
by Richtv_official
2
MKR USDT LONG SWING | MKRUSDT | LONG @ 1400 - 1450 | TP @ 1460, 1470, 1480, 1490, 1500 | SL @ 1250 | PATTERN = DOUBLE TOP BREAKOUT | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames BINANCE:MKRUSDT BINANCE:MKRUSDT.P BYBIT:MKRUSDT.P OKX:MKRUSDT.P MEXC:MKRUSDT.P COINBASE:MKRUSD
Long
by Coindatahouse
Potential Decline in Supply ZoneMKR is currently in a supply zone, a level it has reached before, leading to a halt in price increase and a subsequent downward trend. It has established a demand zone, indicating potential for upward price movement. However, with MKR at the supply zone again, there's a risk of another downward shift. The asset is following an upward trend line, but a break below this trend could trigger a fall towards further demand areas. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
MKR ANALYSIS💥💥#MKR Analysis 🚀🚀 🔮#MKR is following a rounding bottom pattern for a long time and the price reached near neckline. We can see a good breakout in #MKR and if it closes above the neckline then we will see a bullish move.💸💸 👀Current Price: $1467 🚀 Target Price:   $2234 ⚡️What to do ? 👀Keep an eye on #MKR price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #MKR #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
MKR Ready for an Explosive Bull Run? 🚀👀 MKR Analysis💎 Yello, Paradisers! gear up for an exciting trading opportunity with MKRUSDT. It's recently broken out of a descending channel, suggesting a potential move towards an upward trend. 💎 MKR has consistently followed a descending channel pattern. With its recent break above this channel, it's likely to move towards a resistance level before potentially retracting, adhering to its established pattern. 💎 There's a considerable chance of a bullish trend starting from the support level around $1400. MKR is now poised to target resistance levels in the vicinity of $1460. 💎 Timing is crucial for sharp Paradisers. Carefully determining the most favorable entry points during this upward move is essential. It's advisable to avoid entering at the peak of the trend. 💎 Exercise caution, as there's a risk of MKR falling below the $1380 support level. A drop below this key point could put the continuation of the upward trend in doubt.
Long
by MyCryptoParadise_Simon
MKR/USDT 4HInterval ChartHello everyone, I invite you to review the MKR chart on a four-hour interval. Let's start with the blue lines marking the upward trend channel, in which the price has locally entered a falling triangle formation, but currently we can see an attempt to exit the ongoing triangle at the top and an attempt to return to the previously prevailing upward channel. When we unfold the Fib Retracement grid, we can see that the recent price decline was maintained by a strong support zone from $1,236 to $1,124, but now the price has returned higher, above the visible support at $1,396. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price is currently fighting the resistance at $1,451, only when it breaks above it will it move again towards the strong resistance zone at $1,566 to $1,654. The CHOP index indicates that there is more and more energy for the move, the RSI indicator is growing again after a slight recovery, while the STOCH indicator exceeds the upper limit, which may slow down the current upward movement or result in a new rebound.
by cryptodailyuk
✴️ Maker Higher (55% To 75% Next Target | $2,191)Some Altcoins are making it pretty clear that the bear market is over, that Cryptocurrency is moving within a bullish wave and the fact that more growth is possible now; This bullish wave has more to give. Maker (MKRUSDT) broke all patterns, while it hit a major low in June 2023, the action that followed this low is 100% bullish. No retraces, no corrections just straight up and this week Maker is at it again, full green. Speaking of the charts technicals, the main point to consider is a long-term higher low. A bottom low was hit late 2020, a higher low confirmed December 2022 and June 2023 the final drop before the current situation. This week Maker is aiming for 1,727 as the next target, it is trading higher than last week and it seems a 3 weeks retrace period has ended. A higher high can push prices even higher towards 2,191. At this point everything might stop but if the excitement is strong, if the news are really good, if many new players join to participate in the Cryptocurrency market, then even higher is possible with 2,477/2,654 being this wave final price resistance range. The timing would be between now and January or whenever the Bitcoin Spot ETF is announced. While a major correction is expect after this wave peaks it is not the end, this correction will lead towards an even stronger higher low, compared to June 2023 and then a new All-Time High in the ensuing bullish phase. It doesn't matter how far up it goes now nor how long it takes, we are set to see bullish, be bullish and grow in 2024; Long-term growth for all the major Cryptocurrency trading pairs. It will be a year for the record books, we will have Banks, Crypto, Cash, Credit & Gold working all together... The world continues to evolve and change. Join the evolution. Free money will allow for tons of innovation just like it happened with the launch of the Internet and the World Wide Web. We are living in great times. Live is good! Namaste.
Long
by MasterAnanda
2