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MakerMakerMaker
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Maker

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MKRUSD trade ideas

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?
EIGHTCAP:MKRUSDLong
by Eightcap
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:MKRUSD
by TradingShot
4
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
COINBASE:MKRUSDLong
by IAmSpoli
ALERT \\ MKR as a metric for the aggregate crypto BEAR cycle!Here is a chart with my prediction of local bottoms and tops if we happen to be in a bear market over 2 years. I chose COINBASE:MKRUSD as my metric because its current price action resembles the empirical price data from the former bear trend. I'm not saying this prediction is certain, however this chart seems to be in a similar pattern. I have been successful in spotting COINBASE:BTCUSD bottoms and long-term "ghost patterns" in the last 2018 Bitcoin bear market.
COINBASE:MKRUSD
by BLOXTOPS
#MKRUSD (Watchlist) 10/21#MKR maybe worth it to add this coin to your Watchlist. 👀 add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!! Ps: we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, etc. This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Pressing the "like button" and leaving your "comments" below our ideas is great and supports us in providing more ideas.❤️ Good luck to All. 🙏we ask Allah reconcile and repay🙏
COINBASE:MKRUSD
by HamadaMark
5