MKRUSDT
$MKR/USDT 12h (#BinanceFutures) Falling broadening wedgeMaker DAO bounced back on support and seems to be heading toward 50MA retest, let's give it a try.
Current Price= 1850.9
Buy Entry= 1822.4 - 1733.4
Take Profit= 1994.5 | 2199.6 | 2494.3
Stop Loss= 1596.7
Risk/Reward= 1:1.2 | 1:2.33 | 1:3.95
Expected Profit= +24.36% | +47.44% | +80.58%
Possible Loss= -20.38%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1.5 months
makerdao.com
Contracts:
#ERC20 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
#BEP20 0x5f0da599bb2cccfcf6fdfd7d81743b6020864350
#BEP2 MKR-F04
$MKR looks too good (T.A wise) not to talk about.Price is forming a possible heads and shoulder at the base of most significant price area since its last major pump. You will have to zoom out your chart to see this.
All I'm saying is price is showing signs of reversal at a really good price area.
If you are enjoying my analyses. Pls, like, comment and follow. Grow with me.
MKRUSDT, Supported in the exact areaHello guys
Whats up ?
Do you know what is it DAO ? Do you know anything about MakerDao ?
MKR is one of the most powerful project, powerful guys its future ...
If you want to learn fundamental & technical analysis send us messages ---> Our id is in profile
According to the chart and previous analysis, we expect the price can drop and support in our support zone area colorful box, and until now the trend of the market is downward but if it can break the key point level the trend can change to upward.
Everything is shown on chart and there is no need to explain more .
Good Luck Guys
Abtin
Previous analysis :
MKRUSDT - SETUPMKRUSDT price shown some good momentum with strong volume. As we can see once the harmonic pattern formation is completed bulls react aggressively and pull the price upward sharply. In the meanwhile, they crossed the trendline hurdle and retested it yesterday. So we are expecting bulls can chase 2700 with this momentum. Buy on Dips will be a good strategy as the price may correct itself a little.
MKR attempt to break through the resistanceMKR rebounded from support at $ 1,692 and is currently at $ 1,767. We are currently at -72% of the price of our ATH. The trend lines show the continuation of the downtrend. If the market sentiment changes and there is renewed interest in MKR, we can break the current resistance and attack the price of $ 1,870. However, the next resistances are $ 1,949 and $ 2,023.
ALERT \\ MKR as a metric for the aggregate crypto BEAR cycle!Here is a chart with my prediction of local bottoms and tops if we happen to be in a bear market over 2 years. I chose COINBASE:MKRUSD as my metric because its current price action resembles the empirical price data from the former bear trend. I'm not saying this prediction is certain, however this chart seems to be in a similar pattern.
I have been successful in spotting COINBASE:BTCUSD bottoms and long-term "ghost patterns" in the last 2018 Bitcoin bear market.
MKR - Massive triangle and Head & ShoulderThe analysis is showing
A massive descending triangle breakout and retest
Head and Shoulder pattern breakout and retest the neckline
An unused order block around 1400 to 1100
Action Plan
First we ride the short trade to the weekly zone and keep moving the stop loss
We can start long from the order block and go as per take profits given
Maker MKRUSDT - Head and Shoulders + Descending triangle- MKR is forming an head and shoulders - bearish pattern on the daily chart.
- On the weekly chart, we can spot also a huge descending / symmetrical triangle.
- The situation is not looking good for MKR at this moment as bears want the price to go lower.
- I think below 2100 are lots of stop losses and stop market orders are waiting to be triggered.
The Money MAKERMKR saw a huge rise in May 2021 followed by a sharp fall due to the market conditions at the time. Ever since, it has failed to get close to making a new ATH. It is currently trading just above one of its long-term support lines and will be testing its long-term resistance (black line) over the coming days. The volume being traded is low so MKR will only break through the resistance if there is good momentum. Until then I believe it will hold above its support and continue to trade close to it.
In the event that there is enough volume to break the resistance, a strong bullish wave may form with potential mid to long-term targets marked on the chart.
Please note that this is not financial advice and I am not a financial advisor. All ideas are for educational purposes only :)
Please feel free to comment with your thoughts and ideas!
MKRUSDT, Its time to buy one stepHello everybody
Maker is one the most powerful project that is working on crypto and DAO base
According to the chart you can see , after the price broke the trendline with the breakwave the price need to have correction and we shwon on chart the 2 important support zone area .
The price impacted to the first support zone area and we expect the price to move upwards and re-test again the top of the breakwave and ...
And we have key point level, until the key point is not break down and consolidation below the key point the potential to move upwards we have and expect it.
Good Luck
Abtin