MKR: Time to meet your MAKER upstairs My thoughts on the current state of the crypto market is bullish as BTC keeps on reclaiming at 60K. All breaks below 60K have been bought up rapidly, leading me to my bullish case for MKR. MKR is at a great risk to reward ratio. it has currently been consolidating between a 2650 and 2250 channel for an entire month, a possible accumulation phase. We have had a double bottom with an extremely bullish MACD divergence on the daily. Proposed trade stop loss is at 2100 with a safe profit taking target at 3650 (if you chose to take profits). An approximate and respectable 3:1 gain. But with the current hype being built around the end of the year bull crypto run, this can definitely go higher.
Trade safe and remember the market does not care about you!
MKRPERP trade ideas
Potential Breakout.Not too sure on future counts as to what larger degree we're in due to lack of data > but over time it will become more obvious, As for the correction on this it may be over but also not sure on that however the easy play is to probably just long the trendline break and assume we're going up for some time and making new highs.
Pull Back Fishing Bull FlagMKR is forming a flag. It appears to be a bull flag as the pole is a steep climb to the upside.
Never the less, it can break to the downside. A flag is a consolidation, or a pull back pattern and can go either way. A break of the top trendline with an uptrend is a signal to go long.
I am in this long term a long with a few other coins. But still happy to see the flag (o:
If the 50 SMA (orange) crosses up through the 200 (red) that would be a golden cross and is a signal that an uptrend may start up. It is not there yet though but the 50 is sloping up as is the 200. Again the 100 (yellow) not looking so hot but the 20 (blue) looks great.
I am like almost over the stock market this week! LOL The media has been a bit negative on coins, speaking of new regulations etc. When the talking heads start downing something for a bit, I like to take a look.
Negative volume is not so great on MKR. Perhaps it will pick up but something to be aware of.
No recommendation
MKR in DemandMaker is in demand. Possible retrace, consolidation, then further push up the Fibonacci ladder.
Like big wins and big money? Got strong hands and patience? Good! Same here.
I'm a full-time cryptocurrency swing trader (since 2017) and regularly seek out the most lucrative swings available on all the major crypto exchanges.
My win rates are between 80-85%. Follow me on TradingView and see for yourself.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators -- just volume & spread analysis with simple 'take-the-money-and-run' Fibonacci target zones.
Good luck and safe trading!
** Not financial advice. Please trade at your own risk.
MKRUSD Inverse head and shoulders setting upKeep an eye on this. If we break the neckline it can be an easy way to make 10% on your trade. Remember, wait until the breakout is confirmed to make your trades and set proper stoploss to protect yourself.
I am not a professional and these thoughts are just my opinion.
MKRUSD H4 Analysis week of 05.24.21I writing this for a friend of mine how invested heavily on this token. We all were impacted in our positions for the latest orchestrated manipulation to bring crypto price down so the big pockets can buy cheap. I believe in projects (ETH, ADA, AAVE, etc) so firmly that I will keep buying the dips. So here it is.
Maker currently shows signs of a bullish mode. The first impulse noticed by a bull candle in D breaking our TTL (you are seen H4) . The expected retracement as it happening now. The good news is: its retracing to our zone in DTF. I see Maker to hit 5000-5500 as first target in its next bull journey.
A break below the D green zone is a sign to jump ship and wait for the charts next signal.