Maker Weekly - Very bullishIf you don't know about Maker or Dai, drop everything to do your research now or regret it later
MKRPERP trade ideas
Trade Alert: Maker (MKR) Double Bottom ConfirmedThe altcoin is now up over 30% since the start of the month after bouncing off $360 on February 1.
MKR Weekly bullishIn my eyes MKR has a big chance of being one of the big ones in crypto space, like Ebay, Facebook, Google are on the traditional internet. Bet accordingly, only 1 million shares and they are being burned every day!
Key support/resistanceMKRUSD 1D support & resistance along with the last pennant & fib retracement from 2019 high
Trade MKR easily with this 1 indicator.Buy Green
Sell Red
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.
MKR USDI recommend taking a Short Position on this coin.
The EMA (200) is currently below the price bar which signals a downtrend, the EMA (50) just recently crossed the price bar which could mean a further drop in price.
The RSI shows price line to be at 47% which means price could still move higher in the future.
Maker (MKR) Price up Due to Augur and a16z Crypto AnnouncementsMKRUSD price is up over 25% in the past 24 hours making it the biggest gainer today out of the 2,000+ cryptocurrencies. The reason is due to the $16 million investment into the platform by Horowitz's fund, and Augur's announcement that it will integrate DAI.
MKR hit its ATH back in January when the price reached $1673, so the market is still a ways away from that level, however the current price of $790 is not too shabby as it brings MKR back to May levels. It's hard to do market analysis on such a sudden jump but we can highlight some support and resistance levels based on trading volume and range.
The S&R levels are:
support 1 - $417
support 2 - $576
resistance - $825
The best news we can hope for is that MKR established new support at the $800-$825 range and doesn't drop down to either of the resistances at the $570-$600 levels.
