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Maker

MKRUSD Channel Up top hit. Pull-back expected.We last looked into Maker (MKRUSD) 4 months ago (see chart below) where we called for a buy that eventually hit our 1600 target: This time we are making a sell call as the price hit the top of the 5-month Channel Up. Our target is just above the 0.618 Fibonacci retracement level at 1500, which has been the pull-back level of the last two medium-term corrections within the Channel. It is likely that the market tests the 1D MA200 (orange trend-line) there, before it rebounds aggressively for the 2024 parabolic rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MKRUSDShort
by TradingShot
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 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: Double TopMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. However, after getting rejected 2x at $1,600 resistance zone (Double Top pattern?) , price has pulled back and broken below $1,350 support, which makes us cautious. We wait to see where this pullback stabilizes. The next support area is $1,000-$1,100. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $1,350, which it broke, then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
Long
by altFINS
MKR/USDT bullish horizons? 👀 🚀 MAKER Today analysis💎Paradisers, turn your attention to MKRUSDT! We've observed its compelling trajectory as it navigates within a demand zone, hinting at a high probability of a bullish trajectory. 💎 In recent developments, MKRUSDT managed to surge past its descending channel, charting an upward course. Currently positioned in a demand zone, the odds are favoring a bullish shift. 💎 However, if the asset struggles to maintain its upward momentum and breaches the demand zone, it's likely to seek bullish support either from a robust support level or upon retesting the boundaries of the previously broken descending channel. 💎 The VRVP data, showcasing significant volume, further bolsters the bullish sentiment. The primary expectation is for MKRUSDT to challenge the 1652 supply zone. 💎 A minor resistance is anticipated there, but surpassing this level could amplify the chances of targeting higher resistances. Stay vigilant and strategize wisely!
Long
by MyCryptoParadise
MKR/USDT Break the Falling wedge, Ready to continue Up ??💎 MKR is undeniably on our radar. Currently, MKR is rebounding from a demand zone and is exhibiting patterns consistent with a bullish falling wedge formation. 💎 The recent daily candlestick closure as a bullish hammer further emphasizes the potential upward trajectory for MKR. However, for a more concrete bullish confirmation, it's essential for MKR to break out of the falling wedge formation. Achieving this could set the stage for MKR to target the supply zone. 💎 On the downside, if MKR fails to maintain its position within the demand zone and closes beneath it, we might witness a descent toward the Bullish OB region. In this scenario, any upward movement from the Bullish OB zone would transform the previous demand zone into a supply zone since it was breached. 💎 For a continued upward journey, MKR would need to surpass this new supply zone. Failure to do so could hint at a more extended downward trend, possibly reaching the robust support zone.
by MyCryptoParadise
Trading MKRUSDT with Elliott: The Flip from Supply to Demand⚪ As we analyze MKRUSDT's price action, a critical development emerges. The breach of a significant supply zone from August 2022 piques our interest. ⚪ What's even more intriguing is the transformation of this zone into a potential demand area, halting the current pullback. ⚪ This presents an attractive buying opportunity for traders and investors. Moreover, according to the Elliott Wave theory, #Maker may be in the midst of its 3rd upward wave, with our target set around $1895 (a 427.2% Fibonacci resistance). ⚪ Our strategy revolves around waiting for another higher high on the daily chart before pursuing a strong buying opportunity, which we'll promptly share in our channel.
Long
by CryptoPAMM
3
MKR: Pullback in UptrendMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Price broke above $1,350 resistance, where it got rejected in August, which signals continuation of Uptrend. Now it’s pulled back to that $1,350 level, which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1,350 (previous resistance), then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
Long
by altFINS
MKR/USDT Downward Momentum ?? Maker Today AnalysisHello Paradisers, turn your attention to this token! 💎 MKR has been unable to establish newer highs on the daily timeframe and faced rejection in the supply zone. 💎Currently, MKR has decisively broken past its previous higher low, establishing a lower low - a bearish indication. 💎It seems MKR might be gearing up to form a new lower high before potentially continuing its descent. The optimal buying point would be within the Bullish Order Block or the Demand zone. 💎It's anticipated that within the demand area, the price could experience a strong bounce back, resuming its upward trajectory.
by MyCryptoParadise_Nathan
7
MKR/USDT Breaks Through! Potential Upward Journey Ahead!🚀💎 YelloParadisers! Let’s delve into MKRUSDT! We’ve observed it shattering the resistance level, setting the stage for a potential ascent. 💎 A few days ago, it broke through the falling wedge channel upwards, and we noticed it accurately reaching our projected targets. Now, the former resistance has morphed into support, and it’s highly probable that the price will embark on a bullish continuation from this point. 💎 Another crucial factor to weigh is the market dynamics. If it fails to continue its bullish trajectory and breaks below the support level, a downward movement is anticipated. 💎 Remember, if you’re strategizing a trade, employ a proper stop loss and trade with wisdom and caution! Keep your strategies sharp and your insights sharper!
Long
by MyCryptoParadise_Simon
2
MKRUSD: Enormous upside potential, can hit 2,700.MKRUSD turned overbought (RSI = 71.689, MACD = 59.900, ADX = 32.319) as it extended the rally that basically started on August 25th. The wider pattern is a Channel Up and the current run carries similar characteristic with the first run of this Channel. The RSI patterns are identical and symmetry wise we have started the rise to the third peak of this sequence. We will first target the 3.0 Fibonacci extension (TP1 = 2,100) and on the next pullback, the top of the Channel Up on a +179% rise (TP2 = 2,700). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MKRUSDLong
by InvestingScope
2
MKR/USDT bullish Flag breakout? 👀 🚀 Maker Today Analysis💎 Paradisers, brace yourselves for a promising opportunity with #MKRUSDT! We're observing a bullish flag formation and a mitigation of the supply zone, signaling a potential upward move👀 💎 Currently, #Maker is trading in a demand zone and has touched the $1305 level, forming a bullish flag pattern. This suggests that bullish momentum is being restored. If a breakout from this flag occurs, expect a significant upward surge. 💎 On the flip side, if the flag breakout doesn't materialize, look for bullish continuation starting from the flag's lower leg, which acts as support. Should the price break below this level, consider a short entry opportunity with a potential drop of up to -6.19%. 💎 Regardless of your trading strategy, always set a stop loss at 1.75% of your margin to trade like a pro. Keep your charts updated and Stay one step ahead of the market 🌴
Long
by MyCryptoParadise_Simon
MKR Double Bottom UpdateYesterday, I made a trade with BINANCE:MKRUSDT because of the pattern and long confirmation and for this trade, two take profit areas are set ( Refer to the fib lines ) along with protective stop loss for each take profit hit areas for net profit security. I didn't have an image of my win rate on Binance, but I will provide you the next time :) I ended the trade because of what my indicators presented, the RSI is on the oversold territory and the MACD line nearly approaching to the signal line in 1-hour timeframe. Meaning, we can see a retracement (possibly another double bottom pattern) of the price movement. If I want to trade this coin, I will wait until it forms a pattern potentially scalp short because of upward trend not until we see a breakdown in the support line particularly in the tp 1 area ( Refer to the the chart ) Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD. Always plan your trades by putting take profit and stop loss in every positions. Happy trading!!!
by luigi360swirl
MKR Double Bottom UpdateYesterday, I published this double bottom pattern of MKR as I'm in the wait-and-see mode for a possible scenario - 1) a breakout or 2) a price rejection. The coin had a breakout on its neckline, thus lead to the activation of the bullish pattern as it nearly approaches our target profit area, I also put a protective stop loss, thanks to the .618 fib area to secure profits. Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD
Long
by luigi360swirl
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn , which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
MKR: Approaching ResistanceMaker (MKR) technical analysis: Trade setup: A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. Now price is approaching $1,350 resistance, where it got rejected in August. We prefer to wait for price to either 1) break above $1,350 to signal continuation of Uptrend , or 2) pull to $1,000-$1,100 support area , which could be an attractive swing entry in Uptrend. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. 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 $1,000 – $1,100 (previous resistance), then $800. The nearest Resistance Zone is $1,350.
Long
by altFINS
MKR: Pullback in UptrendMaker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High (sign of Uptrend). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
Long
by altFINS
MKRUSD Buy confirmation above the 1W MA100.Maker (MKRUSD) broke and closed the 1D candle above the 1D MA50 (blue trend-line) for the first time in ten days, after rebounding on the Higher Lows trend-line. Along with the 1D MACD Bullish Cross, this is an initial buy signal that will get confirmed after the price closes a 1D candle above the 1W MA100 (red trend-line), which caused a rejection on August 02. When this happens, we will take the bullish break-out signal and target 1600 (+62% rise as the previous two rebound legs). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MKRUSDLong
by TradingShot
5
MKR: Pullback in UptrendMaker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend and price spiked up as high as $1,350, making a new Higher High ( sign of Uptrend ). However, it got overbought (RSI > 70) there and pulled back to $1,000-$1,100 support area, which could be an attractive swing entry in Uptrend. Upside potential back to $1,350. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $1,000 – $1,100 (previous resistance), then $800, and $600 – $700. The nearest Resistance Zone is $1,350.
Long
by altFINS
3
#MKR/USDT 4h (ByBit) Ascending wedge on resistanceMaker is up-trending for a month but printed 3 shooting stars in a row, looks likely to retrace down to 100EMA support. ⚡️⚡️ #MKR/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.0% Current Price: 1270.0 Entry Zone: 1285.0 - 1340.0 Take-Profit Targets: 1) 1186.0 2) 1091.0 3) 996.5 Stop Targets: 1) 1418.0 Published By: @Zblaba CRYPTOCAP:MKR #MKRUSDT #Maker #DAO #DeFi Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +48.2% | +84.4% | +120.4% Possible Loss= -40.2% Estimated Gaintime= 1-2 weeks makerdao.com
Short
by TradingOn