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Maker

Maker Price Prediction: MKR Poised For Breakdown To $500 Maker holds at ascending channel support after rejection at $600. MKR/USD could explore levels below $500 if the 50 SMA support caves in. Maker, a leading project in decentralized finance (DeFi) is showing signs of retreat. The bearish outlook comes after another rejection from $600. At the time of writing, Maker is exchanging hands at $535. It is also holding at the ascending parallel channel lower boundary. Bulls are very keen on holding onto this support because a retreat below this zone could open the Pandora box. The DeFi ecosystem has revolutionized finance in the blockchain industry. It possible for individuals to stake, take collateralized loans, and stake across multiple decentralized platforms. Maker has had a remarkable performance in the sector this year. The funds locked in the project have increased drastically from around $200 million in January to $1.8 billion. Over the last 24 hours, the value of funds locked has decreased by 6%. The retreat is not alarming for the project owing to the losses posted by other DeFi projects as per the data by DeFi Pulse. The Relative Strength Index (RSI) has retraced from the overbought area, highlighting the bearish grip. If the channel’s support caves, the next target is the 50 Simple Moving Average (SMA). It is essential that buyers hold above this SMA. Otherwise, the bearish party is likely to continue with losses likely to hit levels around $500. The 100 SMA in the 4-hour timeframe will absorb some of the selling pressure. IntoTheBlock’s IOMAP model reveals a lack of substantial resistance towards $600. The range with the most concentration of sellers lies between $538 and $553. Previously, 1,200 addressed bought 79,000 MKR. If this level is turned into support, MKR/USD could start the rally back to $600. On the flip side, robust support lies between $490 and $505. This means that Maker could still plunge to $500. Maker Intraday Levels Spot rate: $536 Percentage change: -6.8% Relative change: -40 Trend: Bearish Volatility: Low
COINBASE:MKRUSDShort
by CoinGape
2
DAI Project Overview & Chart Analysis- Here we have good consolidation, good volume coming in and prices moving above EMA10 (green line on the chart). - The "moving above EMA10" signal is only confirmed when the weekly candle closes, which is after Sunday. If prices move and close below EMA10 weekly you can disregard this signal as it is invalidated. When the signal is yet to be confirmed, we call it an "early signal". This is one of those. - We also have a Falling Wedge pattern. Both trendlines, candle close and wick, are now being conquered. (The are bullish signals of course) -The RSI is strong above 44... Remember that we are looking at the weekly timeframe, above 30 is good here. When we look at the daily timeframe, we look for an RSI above 40 to consider it good and above 50 to consider it strong/bullish. -Finally, we have the MACD which is printing bullish cross coming out of the lows and the histogram just printed the first green bar... This can easily lead to higher prices: This one is a stablecoin so it is also good if you just want to park some money there... Same as with Paxos Standard. If the BTC pair goes low, you can always cash out your initial value through the USD pair. This is not financial advice. Remember to do your own research and build your own plan before you trade. Namaste.
Long
by AlanSantana
1
#MKR/BTC (June 21)MKR is being manipulated because it is difficult to predict the upcoming direction of MKR. So we have 2 plans for it: - The main trend is to continue to dump and should not hold and wait to buy in two zones are around 0.04 BTC and around 0.03 BTC. These are 2 zones you should buy because it will pump back quite strong. - We can see that the selling volume is falling sharply but to be sure, we should wait for the MKR to surpass 0.06 BTC to buy with a target price of 0.09 BTC
Long
by CryptoStation
3
Trader/Investors must understand this process.......!Kindly comment with " Yes " for agree and "No" for disagree with this post: Before the break-out, I've informed that " Breakout will give truck of Money. ..!". Exactly, we seen this statement was TRUE, didn't it? (End of idea link is added about this idea) Let's talk step by step was happened here. The Width of congestion area was equal to height of the price surged. From my personal experience and the survey/observation I'm talking about this is almost the same area as price congestion in size of width and height after the price break. Let's try to explain in another words: Horizontal width of congestion size = Vertical price move after break-out. (Generally, i noted that price moved away so far after breakout whenever congestion area is much longer.) --> Let's talk little more deeper about CONGESTION area: In the congestion area, accumulation or distribution process process. We will talk about accumulation only because, this was happened here. Accumulation : smart money, money makers, huge fund-management, landlord of global investors whatever you called them they grab/connecting instrument(stocks, currency,etc) from retail investors in very slow motion because, they can smell insider upcoming news. After the completing this accumulation, news clear and price start to go away from the breakout area. later i will try to explain you more deeper about it practically. Yes, obviously we can smell the process accumulation/distribution.
BITSTAMP:BTCUSDEducation
by Jay_shree
159
BTC is going to cream everyone then move to the sky.With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail. I predict that most economies are going to tank a lot further yet also. It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy. See how easy it is to see stop losses, do you not think that big institutions can't see them??? Liquidity for the taking. I will be looking to buy coins around the orange price. Also I will not be trading bitcoin, I will be buying the coins and storing them into a secure offline wallet. Must better to invest in bitcoin for long term than to try trade it. This is long term idea and is NOT a trade but an INVESTMENT.
BITSTAMP:BTCUSDLong
by joebrownFX
7