MKR... NO ONE is talking about it... that's how you do this :-)I'm in! Let's go! Cup and Handle... that's a dope pattern.
MKR
MKR Investment Opportunity ProjectionHi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 620 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
MKR/USDT - Maker: BBand Breakout Super-Trend◳◱ On the $MKR/ CRYPTOCAP:USDT chart, the Bband Breakout Super-Trend pattern suggests an upcoming trend shift. Traders might observe resistance around 2236 | 2379 | 2636 and support near 1979 | 1865 | 1608. Entering trades at 2363 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Maker
▣ Rank: 61
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 2363 ₮
▣ 24HVol: 31,135,876.879 ₮
▣ 24H Chng: 13.17%
▣ 7-Days Chng: 10.28%
▣ 1-Month Chng: 21.81%
▣ 3-Months Chng: 66.66%
◲◰ Pivot Points - Levels :
◥ Resistance: 2236 | 2379 | 2636
◢ Support: 1979 | 1865 | 1608
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.72
▣ Last 90D: 2.68
▣ Last 1-Y: 1.44
▣ Last 3-Y: 0.43
◲◰ Volatility :
▣ Last 30D: 0.40
▣ Last 90D: 0.57
▣ Last 1-Y: 0.70
▣ Last 3-Y: 1.02
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.72 - Bullish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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MKR buy setupThe price structure is bullish. Now MKR is creating an important BOS. Can become very bullish with a fix on the previous SW H.
If on the swap area Pullback is done, we can look for buy positions.
Closing a daily candle below the invalidation level will invalidate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
MKR has broken a major resistance zoneMKR has broken a major resistance zone
🔵Entry Zone 2266 - 2351
🔴SL 2068
🟢TP1 2504
🟢TP2 2807
🟢TP3 3122
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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#MKR Awaiting confirmation in recent sales areaIn time H2, it is placed in an upward step in the supply range, which has been corrected. Therefore, it can have an upward correction until the recent supply area, and if it is not able to break the supply area, it can make a pullback to the broken structure, which is also the Fibo area of 61.8. Therefore, after encountering a sell candle within the red box, you can enter a sell position.
MKR Support channel upMKR perform a good bullish wave, and already at support level.
We can follow bullish wave from this point, and aim for 13% profit projection at $2224
Best stop level below support at 1849
Good luck,
Don't forget to support this analysis to get a quick notification if I found a new key level
MKR/USDT Primed for a Bullish Surge from Demand Zone? 👀🚀 MKR💎 Paradisers, attention is due as #MKR showcases a fascinating trend, nestled within a demand zone and gearing up for a potential bullish ascent.
💎 Recently,#MAKER managed to vault over the supply zone at $1612, and it's currently showing respect for the demand level at $1838. Should MKR maintain its drive at this crucial point, we're anticipating a robust climb, eyeing targets beyond the next significant supply zone.
💎 But, what if MKR doesn't hold its ground at $1838? For the astute traders among us, a bullish rebound from the lower demand level at $1612 becomes our next watchpoint. However, a dip below this marker could signal a substantial bearish turn.
MKR/USDT 4HInterval Chart ReviewI invite you to review the chart of MKR in pair with USDT, on a four-hour interval. Here, using the blue lines, we will identify a strong downtrend channel where the price is approaching the upper part. Additionally, inside the channel, yellow lines will indicate an additional local downward channel, in which the price is at the upper edge, but this may limit the increase.
Now let's move on to defining the supports. And here, after unfolding the Fib Retracement grid, you can see how the price is maintained in the support zone from $1972 to $1924, then there is support at the price of $1862, but if we go lower, the next very strong support is around the price of $1684.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here you can see how the zone from $2012 to $2065 stops the upward movements, then when we go above it and from the falling channel, we have resistance at the level of $2150, and then at the current peak at the price of $2287.
Looking at the RSI indicator, you can see how there is a fight to come out on top from the downtrend line. However, on the STOCH indicator, we are very close to the upper limit, which may translate into an upcoming price recovery.
MKR/USDT Facing a key resistance zone, Could Break or rejected?💎 MKR has recently witnessed significant developments in the market. It is currently facing a key resistance zone, and historical data indicates the strength of this area.
💎 To continue its upward trajectory, MKR would need to break out of this zone successfully, which could potentially lead to a significant upward movement, probability aiming to reach our target strong resistance area.
💎 However, if MKR fails to break through this key resistance zone once again, there is a possibility that the price could retreat to the support area around 1616 to establish new momentum. In a more bearish scenario, MKR could even drop down to the demand area near 1300.
💎 The demand area is crucial as it represents the last support for a bullish movement. Bouncing from this area and reclaiming the price above the support zone is essential for the potential continuation of MKR's upward movement. However, if MKR fails to do so, the price could continue its downward path, returning to the accumulation zone, and potentially hitting the bottom support of that zone.
MKR-USDT / 1H / TECHNICAL ANALYSIS BINANCE:MKRUSDT.P I marked my target level, entry level, and stop level on the chart.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
#MKRIn time H1 and 30 minutes, you can do a retest up to the supply range. After testing it several times, it has made a further modification, and now, if the specified range is maintained, it will have the ability to reach at least the node and then the supply range.
#MKRIt is moving in a descending channel, which can have a growth up to the range of the ceiling of the 1996-2000 dollar channel and then continue the correction up to the range of 1940. Therefore, within the specified range, you can enter a sell position with confirmation.
The Defi-Ledgend Makerdao on the road to 4000$The Defi-Ledgend Makerdao is obvious on the road to 4k the question remains how this will playout exactly. As shown in the chart there is very little weekly resistance, but perhaps playground enough to shake out a couple bears in the worst scenario. On the other hand, there is little bearish about Makerdao, I mean look at this beauty....
Target 2024 Q2-3 - 4000$
#MKRAccording to the previous analysis and the final touch target, it is moving in a descending channel in the 30-minute period, which can be entered into a sell position in the red box area in case of a negative reaction until the green box. And in the continuation of that, if in the box of Sabzer Neg, which is the golden zone of the last wave, it has an upward step until its previous supply zone.
#MKRCurrently, it is placed in the important resistance area, which after the failure of the supply area, if a pullback hits the specified area, it can enter a buy position to continue the upward trend up to the specified areas, which are its daily and weekly higher time areas.
It's Time For The Retest➔ MKR is exhibiting a bullish trend in its weekly timeframe, consistently positioned within an ascending channel. The recent pattern shows three consecutive bullish candlestick closures, indicating a strong upward momentum.
Presently, MKR is trading at the top of this ascending channel. While a retest of the specified support zone could occur in the near future, the overarching long-term trend for MKR remains positively upward, suggesting sustained bullish sentiment.
This analysis is informational, not financial advice.
MKR short idea hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
MKR is bullishExamining the MKR waves, we found that the MKR is inside a diametric that now looks set to complete the E wave.
Now it is inside a resistance zone, by crossing this resistance it can move much better towards the target.
I also marked the nearby DEMAND on the chart
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.
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mkrusdtDue to the failure of the structure and the creation of dynamic and static liquidity levels, we can enter into purchase transactions in two unspecified steps and stay in the transaction until the specified target.
MKR/USDT 4HInterval ChartI invite you to review the chart of MKR in pair with USDT, on a four-hour interval. First, we will use the yellow line to mark the upward trend lines above which the price remains.
Going further, we can move on to marking support areas when we start a larger correction. And here, after unfolding the trend based fib extension grid, the first support is at the price of $1,537, and then it is worth defining the support zone from $1,410 to $1,343.
Looking the other way, we see that the price has been rejected by the resistance at $1,680, only when we manage to break out of it can we see an attempt to grow towards the resistance zone from $1,849 to $1,936.
Please look at the CHOP index, because you can see that the current price recovery gives an increase in energy for a new move, the RSI indicator shows a rebound with room for a further decline, and the STOCH indicator behaves similarly, which also has room for the price to go a little lower.
