MKR/USDT: Looking Promising for a Breakout!MKR/USDT: Looking Promising for a Breakout!
MKR/USDT is showing signs that it could be on the verge of a strong upward move. This setup is creating excitement as traders watch for a potential rally in the coming days. Here’s a detailed look at what to keep in mind to maximize your breakout trading strategy:
Breakout trading tips 💡
1. Confirm the breakout: A true breakout happens when the price pushes above the resistance level with solid momentum. Look for a strong candle close above this level, backed by increasing volume. This indicates that buyers are committed and less likely to reverse. Avoid jumping in on weak moves, as “fake-outs” can trap traders who enter too early 📊
2. Watch for retests: Breakouts often come with a “retest” where the price dips back to test the old resistance level as support. This is a crucial area to watch, as successful retests can confirm the strength of the breakout. This can also offer a better entry point with reduced risk, allowing you to take advantage of the trend without chasing the price 🔄
3. Set smart stop-losses: Protecting your capital is key. For breakout trades, placing a stop-loss slightly below the breakout level or retest point is a smart way to limit losses in case the breakout fails. A well-placed stop helps you stay in control even if the move doesn’t hold up 🛡️
4. Track market sentiment: Breakouts are often influenced by the overall market environment. Keep an eye on Bitcoin and other major cryptocurrencies, as sentiment shifts in these can impact smaller assets like MKR. Strong bullish or bearish trends in the market can either boost or stall breakout momentum, so always stay aware of the bigger picture 🌐
5. Set realistic targets: Map out potential resistance levels above the breakout point. These can act as targets for your trade. Taking partial profits at these levels allows you to lock in gains while leaving some position open if the trend continues 📈
Trade with caution and keep these tips in mind to make the most of MKR/USDT’s promising move. This isn’t financial advice—always DYOR! 🔥
Mkrusdtlong
#MKR/USDT#MKR
The price is moving in a downward channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.11
Entry price 1.19
First target 1.28
Second target 1.40
Third target 1.52
#MKR/USDT#MKR
The price is moving in a descending channel on the 12-hour frame and is sticking to it to a large extent and it has been broken upwards and is being tested again
We have a bounce from the lower limit of the channel at a price of 1.43
We have an upward trend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.52
First target 1.74
Second target 1.95
Third target 2.22
MKRUSDT - Bullish Continuation - Trend Line SupportBINANCE:MKRUSDT has broken the lower highs in a bullish trend and turning previous resistance into support areas. After retracing, price found support at the long term trend line as well. Expecting the price to continue the bullish trend and continue moving up from the current price!
#MKR/USDT#MKR
Our price is moving downwards on a 4-hour frame and is about to break through to the upside in 3 stages
We have a bounce from the lower border of the channel from the green support area at the price of 2000
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up
Entry price is 2350
The first target is 2790
Second goal 3127
Third goal 3525
MKR/USDT - Maker: BBand Breakout Super-Trend◳◱ On the $MKR/ CRYPTOCAP:USDT chart, the Bband Breakout Super-Trend pattern suggests an upcoming trend shift. Traders might observe resistance around 2236 | 2379 | 2636 and support near 1979 | 1865 | 1608. Entering trades at 2363 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Maker
▣ Rank: 61
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 2363 ₮
▣ 24HVol: 31,135,876.879 ₮
▣ 24H Chng: 13.17%
▣ 7-Days Chng: 10.28%
▣ 1-Month Chng: 21.81%
▣ 3-Months Chng: 66.66%
◲◰ Pivot Points - Levels :
◥ Resistance: 2236 | 2379 | 2636
◢ Support: 1979 | 1865 | 1608
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.72
▣ Last 90D: 2.68
▣ Last 1-Y: 1.44
▣ Last 3-Y: 0.43
◲◰ Volatility :
▣ Last 30D: 0.40
▣ Last 90D: 0.57
▣ Last 1-Y: 0.70
▣ Last 3-Y: 1.02
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.72 - Bullish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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MKR Support channel upMKR perform a good bullish wave, and already at support level.
We can follow bullish wave from this point, and aim for 13% profit projection at $2224
Best stop level below support at 1849
Good luck,
Don't forget to support this analysis to get a quick notification if I found a new key level
Taking off for flightWe had previously talked about the MKR currency on the channel and analyzed it. The possibility of an 80% growth was said for this currency, but there was a condition that it can almost be said that it has now been reached, so there is a possibility of growth for this currency.
Consolidation at 1417 could be a good entry.
And of course, it is a starting point for the analysis we have already done
MKR target 185012h time frame
-
We've been talking about MKR since July 14th. Now it broke the bullish flag(yellow arrow), which is a strong sign. Currently MKR is retesting this flag, and here is also the support of uptrend line. According to previous perspective and analysis(ref.1 and ref.2), MKR has higher target over 1800. Therefore, here is a good position to set trading plan.
TP: 1850~2000
SL: 1315
ref.1 Initial pump
ref.2 Continuation structure
MKR target 180012h time frame
-
MKR is on the way to build 5 waves, already completed 3 waves from 500~1590. The most important thing here is where is the end of 4th wave(correction wave). According to structural support and 0.382 Fibonacci Retracement, 1350 is the potential end of 4th wave, also will be the start of 5th wave(final pumping wave), which target is 1800~2000. Therefore, we can set up a trading plan here.
TP: 1800~2000 / 2248
SL: 1220
**Cryptocurrency Trade Analysis - MKRUSDT**🚀 **Cryptocurrency Trade Analysis - MKRUSDT** 🚀
Hello fellow traders! 🌟 Let's delve into an insightful technical analysis of the MKRUSDT cryptocurrency pair on the 1-hour chart. This analysis is intended for educational purposes and sharing of ideas. Remember, trading involves risks, and this is not financial advice.
## **Chart Overview:**
- **Trend:** Bullish 🐂
- **Divergence:** No
- **Continuation Pattern:** Cup and Handle ☕👐
- **Breakout:** Awaited
## **Technical Analysis:**
MKRUSDT is showing a promising uptrend on the 1-hour chart, indicating potential bullish momentum. The absence of divergence in this trend emphasizes its robustness. Furthermore, a fascinating Cup and Handle pattern has emerged, hinting at a possible continuation of the bullish trajectory. As of now, we're awaiting the breakout from this pattern.
## **Trade Plan:**
- **Entry - Buy Stop:** 1261
- **Stop Loss:** 1235
- **Take Profit:** 1288
## **Trade Rationale:**
With the confirmed bullish trend, lack of divergence, and the formation of a Cup and Handle pattern, there's an intriguing chance to capitalize on the anticipated upward movement in the MKRUSDT pair.
## **Risk Management:**
Remember, risk management is paramount. The suggested stop loss at 1235 helps safeguard against potential losses in case the market takes an unexpected turn.
## **Trade Execution:**
Please be aware that trade execution can vary due to market fluctuations. Keep a close watch on price actions and ensure your trading platform is configured for pending orders.
## **Investment Advice:**
Trading cryptocurrencies comes with substantial risk and may not be suitable for all traders. This analysis serves for educational purposes only and does not constitute financial advice. Always conduct your own research and consider seeking professional guidance before making trading decisions.
📚 **Keep Learning and Adapting:** Trading is a dynamic journey of continuous learning. Regularly refine your strategies, manage risk prudently, and stay disciplined in your trading approach.
**Disclaimer:** This analysis is based on past price data and doesn't guarantee future outcomes. Cryptocurrency markets can be highly volatile and subject to rapid changes. Exercise caution and trade responsibly.
#MKRUSDT #CryptocurrencyTrading #TechnicalAnalysis #BullishTrend #TradingView
Wishing you successful trades and steady growth! 📈🚀
MKR : UPCOMING TRENDthe upcoming trend for MKR what could make it able to gain up $800 coming time.
Technical view shows the possibility for a new increase by MKR.
Low time frame MKR needs to hold the $600 USD price action to be able to play in a stable trend that could change into a new increase view.
If MKR can hold the $600 within the time frame then we could meet in the coming time the target of $800
MKR is at this moment one of the interesting coins that could show an increased view.
MKRUSDT UPDATEThe situation with MKR is as follows:
After the market crash, this cryptocurrency had one of the best performances and quickly managed to recover itself. One of the most important support levels for MKR is the support trendline that I have marked on the chart with a green color. This support trendline had been lost for some time, but finally, after two attempts, we were able to regain it.
However, more importantly, it's the overall market situation that is not showing any interesting trend, so for me, it is important today candle closes above this support trendline, regardless of whether it is red or green. If this happens, the price of $685 could be a suitable entry point for buying, and my target would be the resistance trendline that you see on the chart marked in red, indicating a price of $800.
Keep in mind that there is no certainty in this market, and we are only trading based on the data we see on the chart and sometimes with the help of news. Therefore, the best approach is to enter a trade with confirmation.
In my opinion, the downtrend of this particular coin has been broken, and we can confirm it with the break of the structure. However, there is also a block order that I have indicated on the chart, which has acted as resistance twice and caused a price drop.
Please don't forget to like and comment, and if you haven't already, follow me. I examine the cryptocurrency market trend every day and share interesting ideas here for free.
Wishing everyone profit and success.
MKR/USDT - Maker: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the ASX:MKR / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 761 | 817 | 919, while substantial support zones are identifiable at 659 | 613 | 511. It is highly recommended to seize this opportunity by entering a trade within the present price range of 708 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Maker
▣ Rank: 67
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 708 ₮
▣ 24HVol: 4,418,279.317 ₮
▣ 24H Chng: 3.812%
▣ 7-Days Chng: -6.10%
▣ 1-Month Chng: 7.86%
▣ 3-Months Chng: 0.98%
◲◰ Pivot Points - Levels :
◥ Resistance: 761 | 817 | 919
◢ Support: 659 | 613 | 511
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.93
▣ Last 90D: -0.12
▣ Last 1-Y: -0.03
▣ Last 3-Y: 0.63
◲◰ Volatility :
▣ Last 30D: 0.51
▣ Last 90D: 0.48
▣ Last 1-Y: 0.86
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.46 - Bearish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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MKR/USDT - Maker: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the ASX:MKR / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 702 | 786 | 966, and the major support zones can be found at 522 | 426 | 246. Consider buying at the current price zone of 671 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: Maker
▣ Rank: 61
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 671 ₮
▣ 24HVol: 2,117,940.001 ₮
▣ 24H Chng: 0.751%
▣ 7-Days Chng: 8.59%
▣ 1-Month Chng: 6.50%
▣ 3-Months Chng: -0.00%
◲◰ Pivot Points - Levels :
◥ Resistance: 702 | 786 | 966
◢ Support: 522 | 426 | 246
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.73
▣ Last 90D: -0.02
▣ Last 1-Y: 0.36
▣ Last 3-Y: 0.58
◲◰ Volatility :
▣ Last 30D: 0.38
▣ Last 90D: 0.45
▣ Last 1-Y: 0.90
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.72 - Bullish
▣ In-depth MKRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
Mkr - was can drop - resistance
- support trendline ( 3 touches )
- volume at the top
- divergency on my indicator
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.