$MKR is respecting my prediction from last year. Watch closely, we are at the bottom of a massive channel. COINBASE:MKRUSD is FOLLOWING MY FORECAST TO A T. This is a LOG chart of maker.
MKRUSD trade ideas
Big double bottom formation in progress. The second bottom has just formed signaling a bullish trend change. Also the moving averages are about to cross forming a bullish golden cross for the first time since the crash. Both of these happening at the same exact time can be further confirmation of a successful bullish trend change Maker is already up about 20% on the week with strong momentum, volume, and relative strength.
Whale 🐋 activity has taken a larger interest with a spike in volume suggesting a bottom from whales buying the dip. The last time Maker hit this same low it was at just a week ago it was previously able to regain a price of about $1,000 very quickly within the next about 30 days. I think owning Maker at these prices is equivalent to the type of gains you would get owning Ethereum as it regains its previous highs, although Maker is only a quarter of the price of 1 Ethereum currently while they used to be fairly similar. Normally I'd see this as a red flag but whales have not lost interest or its strong community. As well as its purpose towards the overal crypto world stands strong with actual everyday high value. It seems as if Maker is one of the coins here to stay especially with the collapse of Terra Luna.
#MKR #BTC #ETH
Maker on the RadarMaker made it onto my radar by completing the C&H with a successful neckline test. Now it looks like it may be eyeing the next LV mitigation at 1.618%. I've seen these patterns go up sharply from here. Nothing is 100% though, so be prepared to invalidate if the PA falls back beneath the automatic rally point of the range (TRS).
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**Not financial advice. Always DYOR and trade at your own risk.
MKR - RECTANGLE BOTTOMSWe are facing MKR designing the pattern called RECTANGLE BOTTOMS where the price after fall, stay in sideway (into a rectangle) for period of time before broke it in a upward movement. If you want more security in trade, you can wait the price touch the border inferior but it may not happens because the Stochastic is showing that the baseline's low is more UP now. You can see the same scenario for ADA, RSR, HEDERA.
Inverse Head and ShouldersPossible Inverse Head and Shoulders Bottom.
Long entry with a break of the neckline with an uptrend. Price tried to break the neckline today but did not hold on. The 2nd shoulder is higher than the first which is preferable to a vice versa situation.
Possible flag forming and it would be called a Bull Flag as the pole goes up verses down like a Bear Flag does.
You can measure distance from the head to the neckline, then project it upward from the neckline to get a ballpark guesstimate of where price may go, if the neckline is broken with an uptrend.
No recommendation.
Makerdao trent analysisWatching the trent from Makerdao indicates me the bodem is in.
It's time for this coin to move on if it want to remain bullisch on the long term.
The target for next few years will depent on the preformance, based on what i see now the higher high's will be made around the 10k next years.
If not this will become a very expensive bearish coin in my opinion.
It's not a mintable coin, so i expect atleast some preformance from makerdao in return. (My opinion).
Time will prove the truth...
MKRUSD LONG No Trend is external and the chart of our Subject matter today is one perfect example .
After a bear market era crocobot says it's time for MKR bulls to take charge .
But what is going to happen exactly in this trading advice ?
1 single shot bottom fishing program signal in blue is enough for us to wish for the best and to cut the story short tp and sl zones are given in the chart .
Further updates will be posted regarding the other aspects of the proposed idea once the like kill rate exceed 20.
MKR: Maximum Short PotentialThe outlook is bleak for Generation 1 DeFi governance tokens such as MKR and UNI. Regulators are coming for Ethereum DeFi protocols. Governance coins that are caught in the storm will reach dirt-cheap prices.
#MKR full target met (with over-performance)#MAKER has been very kind to those who longed on the breakout of this lovely structure.
Speculative longs should have been closed.
$MKR SHORT AROUND $1kAfter a long downwards trend, maker seems to have found a nice value area but I’m looking for a retrace short around $1k with all confluence pointing to said area for a nice short to the bottom of the parallel channel as my target.
Maker can't make it in the short term....As we can see the one day chart has shown a head and shoulders inverted formation that is only going to lead downward.... Ichimoko cloud is showing heavy selling pressure all around.
This is not financial advice, these are ideas, please do your own research before entering any trade.
#MKR Inverse Head and Shoulders. Target = $975#DEFI protocol
looks to be triggering right now!
Weekend #Crypto PUMP?
#Bitcoin still poses risks to holders and we are still not out of the woods, a mini run to $20500 seems likely
but we must at some point hold on to the key psychological level of 20k and start making firm progress
as these high@s getting lower on the medium time frame is pushing us into a decision point Apex.
Will crypto finally decouple in these rapidly changing macro environment.
We know the end of the crypto bear is close , but also we need to take advantage of opportunities that prevent itself.
Crucial support for Makerdao!This support is crucial for Makerdao to continue the uptrent.
This 750$ price goes whole the way back to 2018, it did not hold it there & leadet to a multi year bearmarket.
If it breaks this year below 700$ another multi year bearmarket is guaranteed.
They anyway nailed Makerdao to the ground from 6k, no words to discribe how insane this is.
Project like YFII are even higher valued, i mean this is Makerdao we are talking here about. In what world a shitcoin like YFII could be higher valued in 2022 then Makerdao??
Anyway, Makerdao complete hammered down from 6k to 700$ INSANE!
We must keep support, if not the floor is the limit!
Makerdao great price to buyMakerdao 850$ is a great price to buy!
I have bought my previous ones in 2020 during the crash around 450$, this price is only a 100% more sinds then...
Im buying more no doubt!
Enjoy those prices, you are not going to see this anytime soon no more!
Smart money is about to enter the space 👍
#MKR to $1700. #Maker is forming a cup and handle...A little lopsided
But the bottoming principle of the pattern is still evident
Could be an accelerative move incoming.
Post #LUNA and #Celsius #Defi has shown considerable strength
And looks to continue upwards.
DAI-FIDefi and cefi are future roles for crypto post reset
Maker Dao- the algorithmic dai stablecoin and the Maker token represent probably the safest defi ecosystem
Whilst a terra-luna repeat is not unfathomable- if you are looking for a defi bet this is probably it
There are some rumblings regarding the usdc stablecoin and some links to maker
Whilst i wouldn't want to be in USDC nor USDT for that matter- having hit the 50 and 61% retraces the longterm chart looks ok for a bear market bounce and on the daily we have bull div
GRI 2022
Maker (MKR) - Bearish 2022Maker (MKR) will need to hold a major level of support at around: $1050.00. Any daily red candles that close bellow this level will be a concern, therefore pushing us further down to: $855.00 level. Not much support bellow the current level of support resulting in a -20/-30% drop! In order for Maker to remain bullish; will need to see a green daily candle close above resistance level of= $1388.
MKR or BRKRMKR is forming a possible bullish continuation pattern, and it has the most bullish DMAs in the entire market. If it can stay supported in this zone, there is a small chance in a fast continuation to the upside as demand piles in quickly. I give this about... a 5% chance of playing out, but it's worth looking at. If it breaks to the downside, targets are listed on the chart. Most likely scenario is breakdown to the lower targets and then up. If it breaks below the low targets, it's going to nosedive into the abyss very quickly. Let's see what happens.
The Pause before the Storm! Is your #ALTCOIN capsizing?Follow up my to my last Video on April 7th.
I cover #BTC.D & #Total2
#stablecoins #USDT, #USDC dominance
Crash season looming September/October
#MSTR, #GalaxyDigital
#Sol
#LTC
#MKR
#PlanB #Bitcoin Maxi's and #HEX
#MKR to $500Looks a good setup.
Head & shoulders, over a 90% fall from grace from this Bull top.
Retested resistance after the #UST / #LUNA debacle
Attacks on stable coins will continue, even over collateralised stables like #DAI
Marker breaking out? I know that title might sound a bit weird considering what we have just seen on the crypto boards in the last several days, but take a look at MKRUSD traders. We have a lower break rejection with short-term support. After this point was reinforced yesterday, we saw a 10% rally to close out Thursday. Today’s picture continues to look good, with a dominant trend break off today’s 28% gain (at this point).
If buyers can hold the majority of today’s gains and set up a new higher low after the next retrace, this could be the start of a new short-term trend higher.
TradingView community, what are your thoughts?
MKRUSD The striking similarities with Bitcoin's 2018 Cycle.This is a remarkable resemblance between Maker's (MKRUSD) price action since the May 2021 High with Bitcoin's (BTCUSD) Bear Cycle of 2018. I've mentioned numerous times that the crypto market's price action in the past +12 months can be viewed as a smooth (for crypto standards) Bear Cycle as a whole.
As for Maker's 2021/22 price action we see that it shares striking characteristics with Bitcoin's 2018 Cycle:
* The rebound after the initial crash that followed the Market Top, reached as high as the 0.618 Fibonacci retracement level.
* After that, both Cycles started a gradual decline under a Lower Highs trend-line.
* That eventually led to a capitulation sell-off , where Maker is at today and where Bitcoin formed its December 2018 bottom and then started to slowly recover into the new Bull Cycle.
* That capitulation sell-off is similar in both cases (-58% for Maker and -52% for Bitcoin).
* Bitcoin made the Cycle bottom on the -0.5 Fibonacci extension (measured from the initial crash's low). Maker's -0.5 Fib ext is around 935.00, not far from today's 1030 low.
* Bitcoin's 2018 Bear Cycle from top to bottom lasted for exactly 1 year. Maker completes 372 days today from its May 2021 High.
What do you make of all those striking similarities? Has Maker bottomed or is it about to and gradually start a new Bull Cycle? Why do you think it has copied so closely Bitcoin's 2018 Cycle after all? Let me know in the comments section below.
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Maker Breaking OutFor anyone who doesn't know, MKR is the OG DeFi and they're closing deals; most recently with Tesla.
With that said, a STRONG trend line down has finally been broken with three green candles on the weekly and I believe there is going to be short term upside of 10-15% for anyone who is trying to trade this vs USD or against any similarly pegged stablecoin. If Crypto is going into a bull market again, which is not yet confirmed, this has 3x-5x potential before any bull run is over, and the downside is significantly less volatile than most other coins will likely exhibit.
I think here, from a margin of safety/crypto analysis of safety perspective, I am happy to trade my USD for Maker with the intention of holding long term. The chart speaks for itself. I will sell 1/3 of my position if my price target hits and let my core position roll
