MKRUSDT
MKR - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
MKR is overall bearish trading inside our orange channel. For the bulls to take over from a long-term perspective, we need a break above the upper orange trendline and 2000 resistance zone in blue.
Meanwhile, since we are approaching a demand zone and round number 1000, we will be looking for buy setups on lower timeframes.
H1: Right Chart
MKR is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, MKR can still trade lower inside the demand zone in green. In this case, we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
MKRUSDT market structure through Support and Resistance levels1. MKRUSDT trading pair is in a global downward price channel.
2. The violet zone is the price area where the most amount of volume was traded.
Through identification of areas of support and resistance, we identify areas in the market which will form barriers to the trading timeframe trend. We`ve defined our battlefield. Price then moves within the framework defined by these levels, back and forth between levels of support and resistance, based on the decision making of traders.
Marker breaking out? I know that title might sound a bit weird considering what we have just seen on the crypto boards in the last several days, but take a look at MKRUSD traders. We have a lower break rejection with short-term support. After this point was reinforced yesterday, we saw a 10% rally to close out Thursday. Today’s picture continues to look good, with a dominant trend break off today’s 28% gain (at this point).
If buyers can hold the majority of today’s gains and set up a new higher low after the next retrace, this could be the start of a new short-term trend higher.
TradingView community, what are your thoughts?
MKR parallel channel or flag#MKR/USDT
$MKR is inside ascending parallel channel and near the lower line.
🐮 holding the lower line will increase price to upper line of channel that is the same with resistance zone around $2000.
🐻 this channel can act as flag pattern so break down from lower line of channel will drop price to support zone around $1700.
MKR - The ultimate goal 3700 TargetHello trading friends,
Depending on the target scan - the ultimate goal for MKR depending on the long term trend could be 3700 USD
There is still a high chance of the breakout expected - since MKR did enter also new cycle including the green TA trends.
if this coin increase to the target of 3700+ it means at last 51%+ increase
We will see what this coin will do with the next time frame.
Have good time
MKR - Target confirmation - Interesting for the high breakout This is an extra update for MKRUSDT with the last confirmation trends.
This coin can become on the top list - this depends on the TA trends that it shows.
20% increase + is a possible target - and 3700 are long-term or short-term golden targets.
The interest in this coin is that the volume is also increasing against BTC as we did with other coins- which means it is more interesting to follow the trend and green depending TA.
Same time don't expect to fast price changes, it's going on their way and it can take some time - further, there is no reason to enter any coin directly.
Have good time
# This is not a trading call - trade only depending on your setups.
The goal of this chart is to follow only the coins that are interesting, and where the chance is high is that it will show an effect on the market price.
MKRUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has received support at the support zone. It is likely for the price to be able to break the resistance line and move to the next resistances. You can set the Buy order here for the next resistance. If the next resistance is also broken, it will move to the next resistances.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
MAKER - Easy Money Maker ✨We saw a 5 wave impulse at the start of 2021 followed by a massive ABC correction which lasted almost a year. We are now expecting the next 5 wave impulse to take to ATH and higher.
Maker is really susceptible to volatility wicks so be careful when trading.
Trade Idea:
- Swing entry now with stops below the lows
- You can also wait for lower timeframe pullbacks to enter to reduce your risk (smaller SL placement)
- Targets: 4000, 6100, actively manage the rest
Goodluck!