Get started

MKRUSDT

MKR/USDT Technical Overview: Potential Correction Before Bull RuMKR/USDT Technical Overview: Potential Correction Before Bull Run, Key Levels and Targets Revealed In this comprehensive MKR/USDT technical overview, we delve into the current state of the market, analyze the chart patterns, and identify potential entry points for accumulation. While this article does not provide financial advice, it aims to equip readers with valuable insights to aid their own research and decision-making process. Current Market Analysis MKR is currently trading at $632, presenting an opportunity for potential accumulation. Chart analysis indicates the possibility of another correction before a bullish leg up. Best Entry Points and Resistance Levels Consider starting accumulation slowly within the $430-$500 range, which offers an attractive entry point. Breaking the Resistance TrendLine is crucial to entering the anticipated bull run. Pay attention to the significant resistance area marked by the Red Line box. Targets for the Next Bull Runs Several exciting targets lie ahead in the upcoming bull runs: $850, $1170, $2315, $3806, and $6350. These levels represent potential milestones during the expected upward price movements. CryptoPatel Key Levels Support level: $400, which may provide a solid foundation during price retracements. Resistance levels: $850, $1170, $2315, $3806, and $6350, representing critical milestones to overcome during the bull run. Takeaways: MKR currently presents a buying opportunity, with a potential correction before a bullish leg up. Accumulation can be initiated in the $430-$500 range, with an eye on breaking the Resistance TrendLine. Significant resistance is anticipated within the Red Line box area. Targets for future bull runs include $850, $1170, $2315, $3806, and $6350. CryptoPatel identifies $400 as a key support level and highlights the resistance levels for traders to monitor. Conclusion: While this MKR/USDT technical overview provides valuable insights into the current market conditions and potential price movements, it is essential for readers to conduct their own research and exercise caution before making any investment decisions. Stay informed, analyze the market diligently, and develop a comprehensive strategy to navigate the exciting world of cryptocurrencies. Note: This article does not constitute financial advice and should not be interpreted as such. Follow us for more quality content. thank you
Long
by CryptoPatel
1
MKR/USDT 1Dinterval ReviewI invite you to review the MKR/USDT chart, for a one-day interval. As we can see, the price is constantly bouncing off the downtrend line, but it is worth noting that these bounces are getting smaller. Let's start by marking the support spots for the price and we see that the first support that the price is currently based on is $ 683 and is located at the golden fib point of 0.618, however, if the price goes lower, we have the next support at $ 604, then the third support at the last low of $ 500. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $ 742. We continue to have strong resistance at $ 789, once the price breaks it it will move towards the resistance at $ 834 and further to the resistance at $ 897. When we turn on the volume indicators, we can immediately see that it has been very low for a long time. The CHOP index indicates that we have a lot of energy for the upcoming move, the MACD is fighting on the verge of returning to the uptrend, while the RSI is moving in the lower part of the range, but we have room for the price to go lower, which could pull the price towards the $ 604 support.
by cryptodailyuk
Long Maker at $721The crypto markets are warming up so I am back to trading. This summer will be epic with US govt messes, BRIC and who knows what else. It looks like the FED, Congress, IRS and Sam Bankman Fried are all the same! Out to get our money at all costs and they make the rules. Thats when I say "screw it" and just focus on the data. Maker daily chart shows price action is above 100 and 200 day moving averages. The daily volume has been low since March 11 when we dropped below $600. This is accumulation. The chart looks like early bull market stuff but I am only in for a trade. Stock markets closed until Monday. I will be selling above $800 before then if my speculation is correct! : ) Long MKR $721 Target $800 Stop Loss $688 This isn't financial advise of any kind. I am putting this information out for educational purposes only. Good Luck
COINBASE:MKRUSDLong
by CryptoPsych007
MKR: Approaching SupportMaker (MKR) technical analysis: Trade setup : After getting rejected at $1000 resistance 2x, price has pulled back to $600-700 support zone again, which could be an attractive swing entry in Uptrend with upside potential back to $1K-$1.1K resistance area. Momentum is inflecting bullish again (MACD Histogram rising). Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, then $1000 – $1100.
Long
by altFINS
2
MKRUSDTHello dear friends Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened. 🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward trend to the range of $605 and $536. ❗️❗️❗️ Note that if the $932 resistance range is completely consumed, the above view will expire. We would be happy to hear your comments
Short
by FiboTech
8
MKR pushing higherNot sure if the news of owner of MakerDAO selling LDO to buy MKR played a role in this pump but MKR is pumping over a resistance zone (former resistance now that has been passed) and from my point of view, if the daily will close in this way, there are two possible zone where this can stop: that local high and the OB up there. I chose to take in account the overlapping of those two OB. Off course my reasoning makes sense ifBTC doesn't dump tomorrow. It's currently in a very tight range so anything can happen but I'd expect some green before going lower. On 1h chart the push upward seems consolidated so at least price will take that high. Once we see a reversal pattern we can look to open a short position (I'll post updates). I wouldn't long now but once the local high is taken if the signs are good we can take the long. Good luck
Long
by Shotokhan
SasanSeifi 💁‍♂️TA: MKR_USDT / 3D LongTerm⏭ 1170/ 1000❗HI TRADERS ✌The possible scenario of MKRUSDT is specified. As you can see, in the 3-day time frame, after the price fluctuations, it faced growth up to the range of 970. It is currently trading in the range of 919. We can expect that if the price penetrates above the range of 960 and stabilizes, the possibility of growth up to the range of 1170 can be considered. We have to see how the price will react. It is important to maintain the support range of 750/800. let's see... ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
by SasanSeifi