MKR/USDT: Ready to Rally – Perfect Long Setup!Hey everyone!
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MKR is showing strong bullish potential! It has broken out of a bull flag structure on the 4-hour time frame and is currently retesting the breakout zone. This setup looks primed for a significant move upward. 🚀
💡 Action Plan:
Entry Range: CMP (Current Market Price) and add more up to $1510
Targets: $1738 / $1902 / $2216
Stop-Loss (SL): $1460
Leverage: Use low leverage (Max 5x)
This setup signals a decisive bullish breakout for MKR! What’s your perspective on MKR’s price action? Are you seeing the same potential? Share your thoughts and analysis in the comments below, and let’s profit together!
MKR
MKR will soon become bullishFrom where we put the red arrow on the chart, the MKR correction has started.
It is approaching the cheap ranges after the deep correction.
We also have a liquidity pool at the bottom of the chart. It is expected that the pool will be swept and the price will retrace upwards after hitting the deand range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MKR/USDT 1W interval chartHello everyone, let's look at the current situation of MKR taking into account the interval of one week. As we can see, the price has left the trend triangle with a dynamic downward movement, currently we are staying below the downward trend line.
Let's start by setting goals for the near future, which include:
T1 = $1,745
T2 = $2192
T3 = $2546
T4= $2,900
Looking the other way, there is a strong support zone that managed to keep the price from further correction, the zone from $1,278 to $936, but if this zone is broken, we may see a strong price drop to around $514.
Alikze »» ARB | Expanded flat modification🔍 Technical analysis: Expanded flat modification
- It is moving in a downward channel in the weekly and daily time frame.
- The current corrective structure is completing a full 5-wave cycle.
- According to the structure, an expanded flat is being formed.
- This correction can enter an upward trend in the current area or a value lower in the range of 0.39 with the confirmation of the return, which can conquer and cross its previous major ceiling.
But in the short time frame of 12H, two behavioral scenarios can be considered to continue the process.
💎 Scenario 1: Keeping the green box, have a return to the neckline range.
💎 The second scenario: or if the green box area breaks, it will continue the downward correction to the range of 0.39.
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BINANCE:ARBUSDT
Potential outside week and bullish potential for MKREntry conditions:
(i) higher share price for ASX:MKR above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.029), should the trade activate.
#MKR/USDT#MKR
The price is moving in a downward channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.11
Entry price 1.19
First target 1.28
Second target 1.40
Third target 1.52
Analyzing the MKR/USDT 1-Hour Chart Analyzing the MKR/USDT 1-Hour Chart
By Khizar Hayat
1. Trend Observation
Recent Trend: MKR saw a strong upward movement around November 6-7, followed by consolidation and a sharp rise on November 8.
Current Trend: After this rally, the price is stabilizing around $1,470, with a minor pullback signaling potential consolidation.
2. Support & Resistance Levels
Support: Around $1,450, which has acted as a base after the downtrend.
Resistance: At approximately $1,475, a level where the price hit a peak before a slight pullback.
3. Volume Analysis
Volume Spikes: Increased buying activity is seen on November 8, indicating high demand.
Volume Drop: As price consolidates, volume is also decreasing, which suggests a pause before the next move.
4. Candlestick Patterns
The small-bodied candles with wicks at the peak may indicate indecision or potential topping. The current red candlestick hints at a pause or minor pullback.
5. RSI Analysis
If visible, an RSI above 70 might indicate overbought conditions, suggesting potential for a correction.
6. Short-Term Outlook
Bullish Scenario: Holding above $1,450 with renewed volume could push MKR past $1,475.
Bearish Scenario: A break below $1,450 could lead to a reversal towards $1,420.
7. Risk Management
Stop-loss: Place it below $1,450 to minimize potential losses.
Take-profit: Set around $1,475, or higher if momentum continues.
This pattern following a sharp move suggests either a continuation or a minor correction. Keep an eye on volume and key levels to gauge the next direction.
Maker (MKR) To the MoonMKR has successfully broken out of the bearish falling wedge pattern, signaling a positive outlook for a bullish movement. However, it’s important to note that MKR is currently at its first resistance level at 1,509. Considering that Bitcoin is also at a resistance point, there is a possibility of a correction toward the bullish trendline at 1,262 before continuing its upward trend to 1,727.
This analysis will be updated if new key levels are identified. Thank you.
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
MKRUSDT : Possible Consolidation at Critical SupportsMKR/USDT is currently consolidating after testing support levels around $1,327.8. The presence of nearby resistances, along with a still intact downtrend, suggests that the asset may continue in a period of laterality or attempt to test resistances around $1,382 and $1,408.
The chart is demonstrating a downtrend in recent sessions, with the price still struggling to overcome the main resistances, but MKR is unable to break the support.
The MACD shows a slight recovery with an attempt to cross between the signal line and the MACD line, possible start of bullish momentum and the stochastic in the overbought region
Supports: 1340 / 1275
Resistances: 1382 / 1408
MKR/USDT 1W Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is moving in a downtrend channel, at its lower boundary.
Let's start by setting goals for the near future, which include:
$2,063. $2,545. $2,767. $3,080
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = 1250USD
SL2 = $953
SL3 = 520USD
Looking at the RSI indicator, we see
as the indicator moves at the bottom of the range, which may translate into an attempt at price increases.
MKR/USDT 1W Chart Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is staying in the downtrend channel, at its lower boundary.
Let's start by setting goals for the near future, which include:
T1 = $2,063
T2 = $2,454
T3 = $2,767
T4 = $3,080
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $1563
SL2 = $1250
SL3 = $953
Looking at the RSI indicator, we can see that we are already quite low, which may result in an attempt to change direction, the movement of which appears to have begun.
#MKR/USDT#MKR
The price is moving in a descending channel on the 12-hour frame and is sticking to it to a large extent and it has been broken upwards and is being tested again
We have a bounce from the lower limit of the channel at a price of 1.43
We have an upward trend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.52
First target 1.74
Second target 1.95
Third target 2.22
SHORT Setups : 3 ALTS in 2 MINUTESRecently I did a post on Altcoins that are good BUYS. Find it here 👇
Let's look at three alts that are BEARISH in lower timeframes, and very likely heading lower for the SHORT term:
1) JTO BINANCE:JTOUSDT
2) MKR BINANCE:MKRUSDT
3) TON BINANCE:TONUSDT
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Can $Maker (MKR) make it?Maker is a smart contract lending platform that enables users to take out loans by locking in collateral in exchange for Dai
Maker price today is $775 with a 24 hour trading volume of 69 million dollar! MKR price is up 15% in the last 24 hours
US CPI Inflation data will be coming up today 10th November at 7:00PM IST and it can effect the market too
MKR going to hit 830 and if bulls break that resistance 840,845 and 850 are next targets
MKR/USDT 1WHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see that the price has returned to the downtrend, but we are still above the main uptrend line.
Let's start by setting goals for the near future, which include:
T 1 = $2,183
T 2= $2,548
T 3 = $3,121
AND
T 4= $3,554
Looking the other way, there is very strong support at $1,277, but if it is broken, the price drop may be much greater.
Looking at the RSI indicator, we see that it is at a very low level, which may result in a change in the direction of movement in the coming weeks.
Alikze »»CAKE | Reverse head and shoulders pattern🔍 Technical analysis: Reverse head and shoulders pattern
- In the previous analysis , it was mentioned that a head and shoulders pattern was formed, that the last correction log can extend to the range of 1.17.
- As mentioned, it is moving in a descending channel.
- Demand was met at the bottom of the descending channel and the range, which experienced a growth up to the top of the channel and the broken zone.
- Currently, in weekly and daily time, in addition to the descending channel, it is in a concentration.
- In addition, it is suspected that the head and shoulder pattern is the opposite. Therefore, I expect it to advance to the supply zone after the last bearish leg and the right shoulder are completed, out of congestion.
💎 Note: It is necessary to explain that the right shoulder should not be extended to the previous area, in which case the alternative scenario should be checked and the post updated.
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BINANCE:CAKEUSDT
Alikze »» TAO | Retest the bottom of the ascending channel🔍 Technical analysis: Retest the bottom of the ascending channel
- In the 4H time frame, after a price pump in the range of $162, it has been moving in an upward channel for some time.
- In this ascending channel, after hitting the ceiling of the channel 3 times and not being able to break the range, it has faced selling pressure.
- Currently, in the middle of the channel, after suffering for a while, it has again faced selling pressure.
- According to the behavior and structure of this correction, it can extend to the area of $278, which is in the range of the bottom of the channel. After that, it can have a retest to Fibo 1.618 and neck line, and then continue the correction to the $250 area.
- In addition, if the $250 range is broken, the correction should continue until the origin of the downward movement.
💎 Alternative scenario: If in this ascending channel it can stabilize above the neckline after the pullback to the broken structure, there will be a retest to the top of the channel.
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MEXC:TAOUSDT
Aug 19 and week's overview.Overview:
The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable.
Global Liquidity: Growing, which is bullish.
Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness.
Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline.
Weekly: Range trading with no divergence.
Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move.
4h: No significant changes or divergences.
1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity.
Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis.
Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash.
Bear Case: Swing traders may turn bearish and start selling off.
Fear and Greed Index: Rising, currently at 46.14 since August 16th.
Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%.
Opportunities:
AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain.
UPCOM:FTM : Has reached its weekly resistance at $0.4.
Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided.
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