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Maker

MKR - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DAILY: Left Chart MKR is overall bearish trading inside our orange channel. For the bulls to take over from a long-term perspective, we need a break above the upper orange trendline and 2000 resistance zone in blue. Meanwhile, since we are approaching a demand zone and round number 1000, we will be looking for buy setups on lower timeframes. H1: Right Chart MKR is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MKR can still trade lower inside the demand zone in green. In this case, we will be looking for new buy setups to form. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
17
Marker breaking out? I know that title might sound a bit weird considering what we have just seen on the crypto boards in the last several days, but take a look at MKRUSD traders. We have a lower break rejection with short-term support. After this point was reinforced yesterday, we saw a 10% rally to close out Thursday. Today’s picture continues to look good, with a dominant trend break off today’s 28% gain (at this point). If buyers can hold the majority of today’s gains and set up a new higher low after the next retrace, this could be the start of a new short-term trend higher. TradingView community, what are your thoughts?
EIGHTCAP:MKRUSDLong
by Eightcap
MKRUSD The striking similarities with Bitcoin's 2018 Cycle.This is a remarkable resemblance between Maker's (MKRUSD) price action since the May 2021 High with Bitcoin's (BTCUSD) Bear Cycle of 2018. I've mentioned numerous times that the crypto market's price action in the past +12 months can be viewed as a smooth (for crypto standards) Bear Cycle as a whole. As for Maker's 2021/22 price action we see that it shares striking characteristics with Bitcoin's 2018 Cycle: * The rebound after the initial crash that followed the Market Top, reached as high as the 0.618 Fibonacci retracement level. * After that, both Cycles started a gradual decline under a Lower Highs trend-line. * That eventually led to a capitulation sell-off , where Maker is at today and where Bitcoin formed its December 2018 bottom and then started to slowly recover into the new Bull Cycle. * That capitulation sell-off is similar in both cases (-58% for Maker and -52% for Bitcoin). * Bitcoin made the Cycle bottom on the -0.5 Fibonacci extension (measured from the initial crash's low). Maker's -0.5 Fib ext is around 935.00, not far from today's 1030 low. * Bitcoin's 2018 Bear Cycle from top to bottom lasted for exactly 1 year. Maker completes 372 days today from its May 2021 High. What do you make of all those striking similarities? Has Maker bottomed or is it about to and gradually start a new Bull Cycle? Why do you think it has copied so closely Bitcoin's 2018 Cycle after all? Let me know in the comments section below. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:MKRUSD
by TradingShot
4
BALBalancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. To learn more about this project, check out our deep dive of (coinmarketcap.com
Long
by DrGhanizadeh
MAKER - Easy Money Maker ✨We saw a 5 wave impulse at the start of 2021 followed by a massive ABC correction which lasted almost a year. We are now expecting the next 5 wave impulse to take to ATH and higher. Maker is really susceptible to volatility wicks so be careful when trading. Trade Idea: - Swing entry now with stops below the lows - You can also wait for lower timeframe pullbacks to enter to reduce your risk (smaller SL placement) - Targets: 4000, 6100, actively manage the rest Goodluck!
by Altsignals
4
$MKR/USDT 12h (#BinanceFutures) Falling broadening wedgeMaker DAO bounced back on support and seems to be heading toward 50MA retest, let's give it a try. Current Price= 1850.9 Buy Entry= 1822.4 - 1733.4 Take Profit= 1994.5 | 2199.6 | 2494.3 Stop Loss= 1596.7 Risk/Reward= 1:1.2 | 1:2.33 | 1:3.95 Expected Profit= +24.36% | +47.44% | +80.58% Possible Loss= -20.38% Fib. Retracement= 0.382 | 0.559 | 0.786 Margin Leverage= 2x Estimated Gain-time= 1.5 months makerdao.com Contracts: #ERC20 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2 #BEP20 0x5f0da599bb2cccfcf6fdfd7d81743b6020864350 #BEP2 MKR-F04
Long
by TradingOn
XRP, MKR, ALGO,THETA: Curved Tops Suggest Incoming CapitulationHi All! As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction. Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way. There are many examples of this curved top ending in some strong bearish move to the downside with an example being here: Each of these coins have also broken their 400+ day trend lines in a bearish way. Each chart has two support lines that show the high demand & deep liquidity zones. Not everything in the market looks this way, but these coins may suggest of whats to come for the rest. To void these curved cliffs, price must break over and hold for some days. As always, this is my opinion & NOT financial advice! Thanks for reading, Please comment and like!
by traderview2
2