MKRUSD
MKRUSDT (4H CHART)MKRUSDT (4H CHART) Technical Analysis Update
MKR/USDT currently trading at $1.44
Buy-level: above $2650
Stop loss: below $2360
Target 1: $2935
Target 2: $3225
Target 3: 3515
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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MKRUSDT (MKR) - UPDATE ANALYSIS 🔎
- MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH .
- The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels.
- A bullish pin bar (hammer) was formed at the retest area.
- Price action is printing a descending triangle pattern .
- There's a possible uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the descending triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- ATH resistance
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support.
MKR is a gold of this month. 100% profit potentialMKR is finishing consolidation phase and will go to retest 2050$ zone. The 4100$ target is reachable 🙏
..............................................................................................................................
SPOT
MKR / USDT
🔰Entry: 2050
Target1: 2660
Target2: 3100
Target3: 3650
Target4: 4100
⛔️ Stop Limit: 1840
<< INFO >>
R/R Ratio: 9.8
Full TP ~ 100.00%
Lost ~ -10.24%
⏱Time Zone: 19d
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.
MKRUSDT (Waiting for the resistance zone breakout)MKRUSDT (1H CHART) Technical Analysis Update
Waiting for the Resistance zone breakout
MKR/USDT currently trading at $2700
Buy-level: Above 2750 (only enter if 1h candle closes above the resistance zone
Stop loss: below $2450
Target 1: $3050
Target 2: $3500
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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More money💸One more symmetrical triangle on MKR /USD. This altcoin also formated its pattern on small frame on uptrend.
Lets start a new trading day with profit.
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Feel free to leave comments✉️
Optimistic price projection for the next scenarios in MKRUSDT 4HTechnical analysis regarding the price of MAKER in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Price broke through this bullish channel which also coincides with a region of considerable resistance. Financial volume gaining proportion also making the candles normal and proportional to the volume that is readjusting in its main upward trend.
Parabolic SAR gaining oscillation at low price, guiding you.
Exponential Moving Averages gaining significant distance and following the primary upward trend! I strongly believe in the potential of this cryptography in the medium/long term.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
MKRUSDT (Resistance level breakout)MKRUSDT (4H CHART) Technical Analysis Update
MKR/USDT currently trading at $2040
Buy-level:$2000- $2100( only enter long after 4h candle closes above 2000 level)
Stop loss: $1642
Target 1: $2500
Target 2: $3000
Target 3: $3500
target 4: $4000
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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💡Don't miss the great buy opportunity in MKRUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1360).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKR/TetherUS 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 57.
Take Profits:
TP1= @ 1547
TP2= @ 1630
TP3= @ 1715
TP4= @ 1801
TP5= @ 1976
TP6= @ 2200
TP7= @ 2500
SL= Break below S2
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💡Don't miss the great buy opportunity in MKRUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1360).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKR/TetherUS 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 57.
Take Profits:
TP1= @ 1547
TP2= @ 1630
TP3= @ 1715
TP4= @ 1801
TP5= @ 1976
TP6= @ 2200
TP7= @ 2500
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, ❤️
ForecastCity English Support Team ❤️