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MKRBTC

MKR 50% move SOON - BULLISHTHIS IS NOT FINANCIAL ADVICE BLACK LINES are support. RED LINES are resistance. BLUE LINES are trends. TRADE IDEA: MKR should break resistance at $2300, and then next resistance is $2800. If we can break through those resistances we should find it going straight up to $3100 where it could potentially break and make a new high. FUNDAMENTALLY Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin. Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar. MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself. The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
FTX:MKRUSDLong
by Burtoshi
2
Maker: at least +10% vs BitcoinMaker DAO’s MKR token is one of the oldest DeFi assets. Like many other crypto assets, it posted stellar gains this year. Yet in BTC terms, it’s still well below its all-time high of 0.18 that was observed in 2019. After a surge to above 0.08 BTC (a level also last seen in 2019), MKR was heavily sold throughout February. We’ve asked Hybrid Intelligence the following question to see if MKR has now reached the bottom. “The cryptocurrency Maker (MKR/BTC) settled at 0.044437 BTC at 07:00 AM UTC at the Binance exchange on Thursday, February 25. Will MKR/BTC trade above 0.048881 BTC (+10.0%) earlier than trading below 0.039993 BTC (-10.0%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 71% This is a bullish signal, suggesting that Maker is more likely to bounce from this level. Of course, it’s also important to watch the overall trend for the whole crypto market (covered in yesterday’s idea).
Long
by Cindicator
MKRUSDT (MKR) - UPDATE ANALYSIS 🔎 - MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH . - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a descending triangle pattern . - There's a possible uptrend continuation. BUY ENTRY ⬆️ - Breakout above the descending triangle's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - ATH resistance - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the descending triangle's horizontal support.
Long
by Chibuike_Odoh
MKRUSDT (MKR) - UPTREND CONTINUATION ANALYSIS 🔎 - MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a symmetrical triangle pattern. - There's a possible uptrend continuation. BUY ENTRY ⬆️ - Aggressive entry (risky) : current market price (now). - Conservative entry : breakout above the symmetrical triangle's inclined resistance. TARGETS 🎯 - ATH resistance - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle's inclined support.
Long
by Chibuike_Odoh
2
MKR/BTC Inverted Head and ShoulderMKR/BTC seems to be forming an inverted head and shoulder, with an upwards potential of roughly 30% if it breaks out above the white resistance line. From a fundamental perspective MKR seems undervalued compared to its peers in the Defi space, with a current market cap of roughly $1.5b, below most big Defi players despite the fact that it can be seen as the mother of all defi projects, a Market cap/TVL ratio of only 0.31 at the moment is extremely low in my opinion, even when looking at the fully diluted market cap it is only 0.35. I am extremely bullish on MKR from todays price point. It has been going sideways for the past 2 weeks and is ripe for another big move to the upside.
Long
by JA91
💡Don't miss the great buy opportunity in MKRBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0233). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MKR/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 0.0352 TP2= @ 0.0415 TP3= @ 0.0538 TP4= @ 0.0624 TP5= @ 0.0734 TP6= @ 0.1000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️
Long
by ForecastCity_World
8
💡Don't miss the great buy opportunity in MKRBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0233). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MKR/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 0.0352 TP2= @ 0.0415 TP3= @ 0.0538 TP4= @ 0.0624 TP5= @ 0.0734 TP6= @ 0.1000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️
Long
by ForecastCity
9
MKRBTC Looking For a BreakoutMKR is gearing up for a breakout. While many alts have seen large gains and breakouts from this same pattern, MKR has not. However the volume has been bullish on this potential reversal pattern, suggesting people are hoping for a breakout here. The bullish candles have all had significantly higher volume than the bearish ones. It is not overextended on any indicators, which is a good sign that it can have some momentum if it breaks out. People have been finding entries on the 0.236 and 0.382 fib levels, so it makes sense to have a stop below the 0.236 at this time. If there is a breakout and then the price goes back below the 0.236, it would mean the breakout is invalidated. Stop Limit: 0.023050 Limit: 0.023100 Stop Loss: 0.021600 Profit 1: 0.025300 If it does break out, the stop can be moved up to secure profits.
Long
by StayHydrated1
MKRUSDT (Reversing From Support Zone)#MKRUSDT Technical Analysis Update Reversing From Support Zone We can see several times MKR touched support zone, now it's trading in the support Level. I believe it's going to bounce from the support level MKR/USDT currently trading at $520 LONG ENTRY level: $ 500 - 520 STOP LOSS: below $490 Resistance level 1( Target): $555 Resistance level 2 (Target ): $600 Resistance level 3(Target): $650 Max Leverage: 4X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades