MKRUSD Golden Cross sending it to the ResistanceMaker is having a Golden Cross (1D) event. The first since August 24th 2021.
The pattern is a Channel Up.
Trading Plan:
1. Buy on the current market price and as long as the MA50 (1D) is supporting.
Targets:
1. 1140 (beneath Resistance 1).
2. 1650 (beneath Resistance 2) as long as we get a pull back to MA100 (1D).
Tips:
1. The RSI is holding over the 50.00 neutral level. Short term buy entries can be taken there. Long term though (as for example for Target 2) on the 30.00 oversold level.
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MKRUSD
Buying pressure has eased significantly over the past two monthsMKR has maintained its bullish trend over the past few weeks, but its buying pressure has eased significantly over the past two months.
Therefore, the momentum of the Maker trend is still bullish, and considering that in the 4-hour time frame the price trend is still in the range, as long as the support of the $650-$672 range is maintained, we can expect a further increase in the price in the medium term.
Also, the price trend in the 4-hour period is between the two resistance support levels specified in the range.
The resistance of this channel is considered in the range of 798 to 940 dollars.
Due to the presence of many minor support levels, we expect the trend to remain within a large range.
But in general, by breaking each of the levels, the next specified ranges are used as short-term goals.
These levels are the most important ranges of supply and demand. Therefore, if the price hits these ranges, we expect a price reaction. In this week and if the market conditions remain favorable, the direction of movement can be towards higher resistances.
MKRUSD - Consolidation or Downward Move?After around 6 months of hugely profitable trading with MKR we've received a Short signal from Crypto Tipster v2 - looking at the chart there's 2 possibilities from here.
Either we're actually looking at a period of consolidation whereby the price isn'y going to do all that much within the current range until it reaches the end of this wedge in a couple of weeks; or we're going to experience a drop into the trading area below this wedge.
Given how profitable Crypto Tipster v2 has been with MKR recently we're inclined to go for it, 10% on the Short should be acheivable, 20% is also not unlikely!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
MKRUSD LONG No Trend is external and the chart of our Subject matter today is one perfect example .
After a bear market era crocobot says it's time for MKR bulls to take charge .
But what is going to happen exactly in this trading advice ?
1 single shot bottom fishing program signal in blue is enough for us to wish for the best and to cut the story short tp and sl zones are given in the chart .
Further updates will be posted regarding the other aspects of the proposed idea once the like kill rate exceed 20.
MKR reaching resistanceHello, dear traders, if you like it, please like and follow me
The price has returned to its own static resistance, there are two scenarios, it is possible to break this limit strongly, and if it gives a pullback, it can rise to a higher static resistance.
Or again from this range, it is suitable for a sell position in pullback .
Stay tuned for updates .
LONG MKR/USDTin the market, on OCT 17, 2022. we study today's market trend on #MKR/usdt. in our analysis we look at how the price of MKR/usdt is moving and use technical indicators to predict its direction for the next moove and gaining an edge over those who do not follow this trend.
BUY MKR/USDT
ENTRY : 965$ - 945$
TP1 : 1170$
TP2 : 1297$
SL : 781$
IS NOT FINANCIAL ADVICE
Maker (MKR) formed bullish Gartley for upto 17% moveHi dear friends, hope you are well and welcome to the new trade setup of Maker ( MKR ) with US Dollar pair.
Previously I shared a long term trade-setup for MKR , which is still in play:
Now on a daily time frame, MKR has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MKR : THE CYCLE COIN MKR is one of the cycle coins that did try to increase before with a trend pump above the 1150 : after that we had a small recovery trend.
Main view for MKR looks still positive.
We will follow coming time MKR and we will see or MKR can increase over the before high target.
if MKR going depending on cycle plan it can have a high target soon.
MKR are now on important support zone : where the possibility is that MKR will show on coming time frame a breakout trend.
MKR Maker Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for MKR Maker is $660.
Looking forward to read your opinion about it.
Crucial support for Makerdao!This support is crucial for Makerdao to continue the uptrent.
This 750$ price goes whole the way back to 2018, it did not hold it there & leadet to a multi year bearmarket.
If it breaks this year below 700$ another multi year bearmarket is guaranteed.
They anyway nailed Makerdao to the ground from 6k, no words to discribe how insane this is.
Project like YFII are even higher valued, i mean this is Makerdao we are talking here about. In what world a shitcoin like YFII could be higher valued in 2022 then Makerdao??
Anyway, Makerdao complete hammered down from 6k to 700$ INSANE!
We must keep support, if not the floor is the limit!
Makerdao great price to buyMakerdao 850$ is a great price to buy!
I have bought my previous ones in 2020 during the crash around 450$, this price is only a 100% more sinds then...
Im buying more no doubt!
Enjoy those prices, you are not going to see this anytime soon no more!
Smart money is about to enter the space 👍
MKRUSD ❕ upward channelMKR is moving in a range within the upward channel.
The price has already made a false breakout of the lower boundary of the channel and is now trying to fix above it.
I expect that the price may continue to move within the uptrend channel after the final fixing. Further upward movement will depend on the price reaction to the nearest resistance level.