MKRUSDT trade ideas
MKR: Resistance BreakoutMaker (MKR) technical analysis:
Trade setup : Trends are reversing to uptrend. The $600-700 support zone once again acted as an attractive entry area. Now price broke above the 200-day moving average (~$676) and above $800 resistance, signaling potential trend reversal. Price could revisit $1K resistance. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, which it broke, then $1000 – $1100.
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 $30.
Discover it here - affiliate link -
MKR target 2400$The defi sector looks overbought in general, I think we could see some decent uptrend in the next coming weeks/months. Price target for BINANCE:MKRUSDT 2400$*.
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 -
MKRUSDT Long ideaEverything is clear. We had a breakout, then a retest, then a market crash. But MKR was able to survive the market crash and return to the support line. My prediction is the beginning of an upward movement to $680 and then $730.
MKR: Approaching ResistanceMaker (MKR) technical analysis:
Trade setup : Trends are mixed. Price remains inside the $600-700 support zone, which has repeatedly been an attractive entry area. If it can break above the 200-day moving average (~$676), price could signal potential trend reversal and revisit $800 thereafter. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, then $1000 – $1100.
Technical analysis for "MKR/USDT" - NUANCES ? Technical analysis for "MKR/USDT" - NUANCES ?
INTRODUCTION:-
Welcome to this technical analysis of the MKR/USDT trading pair. In this article, we will analyze the current market situation and provide insights into the potential price movements of Maker (MKR) against Tether (USDT).
## MKR/USDT Technical Analysis
### Support Level at 607-620 USDT
MKR/USDT has established a significant support level at 672 USDT. This level represents a price point where buying pressure has historically outweighed selling pressure, resulting in a bounce-back in prices. When considering the support level at 672 USDT, it's essential to analyze the market conditions, candlestick patterns, and overall sentiment to confirm its reliability.
### Can Go Upto 800-823 USDT
Conversely, the resistance level at 823 USDT presents a price barrier where selling pressure has historically intensified. Profit booking is must here.
### Trendline Break Confirmation
When a price breaks above a downtrend line, it signifies a potential shift in sentiment from bearish to bullish. Traders interpret this break as a confirmation of upward momentum and may consider opening long positions or adjusting their existing strategies accordingly.
#PLAN YOUR TRADE AND TRADE YOUR PLAN.
MKRUSD ❕ descending wedgeMKR has fixed above 200EMA on the 4H TF and above 50EMA on the 1H TF.
RSI chart moves in bullish zone (4H, 1H and 30m Timeframes)
I believe the asset will rise after it overcomes the resistance level and exits the wedge.
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.
MKRUSDTMKRUSDT is under strong selling pressure currently forming bearish flag with no significant bullish signs on momentum indicators.
Will it break bearish flag to to continue its downward trajectory?
MKR/USDT Technical Overview: Potential Correction Before Bull RuMKR/USDT Technical Overview: Potential Correction Before Bull Run, Key Levels and Targets Revealed
In this comprehensive MKR/USDT technical overview, we delve into the current state of the market, analyze the chart patterns, and identify potential entry points for accumulation. While this article does not provide financial advice, it aims to equip readers with valuable insights to aid their own research and decision-making process.
Current Market Analysis
MKR is currently trading at $632, presenting an opportunity for potential accumulation.
Chart analysis indicates the possibility of another correction before a bullish leg up.
Best Entry Points and Resistance Levels
Consider starting accumulation slowly within the $430-$500 range, which offers an attractive entry point.
Breaking the Resistance TrendLine is crucial to entering the anticipated bull run.
Pay attention to the significant resistance area marked by the Red Line box.
Targets for the Next Bull Runs
Several exciting targets lie ahead in the upcoming bull runs: $850, $1170, $2315, $3806, and $6350.
These levels represent potential milestones during the expected upward price movements.
CryptoPatel Key Levels
Support level: $400, which may provide a solid foundation during price retracements.
Resistance levels: $850, $1170, $2315, $3806, and $6350, representing critical milestones to overcome during the bull run.
Takeaways:
MKR currently presents a buying opportunity, with a potential correction before a bullish leg up.
Accumulation can be initiated in the $430-$500 range, with an eye on breaking the Resistance TrendLine.
Significant resistance is anticipated within the Red Line box area.
Targets for future bull runs include $850, $1170, $2315, $3806, and $6350.
CryptoPatel identifies $400 as a key support level and highlights the resistance levels for traders to monitor.
Conclusion:
While this MKR/USDT technical overview provides valuable insights into the current market conditions and potential price movements, it is essential for readers to conduct their own research and exercise caution before making any investment decisions. Stay informed, analyze the market diligently, and develop a comprehensive strategy to navigate the exciting world of cryptocurrencies.
Note: This article does not constitute financial advice and should not be interpreted as such.
Follow us for more quality content.
thank you
Mkr/Usdt Plan Mkrusdt
Triangle pattern breakdown confirmed retest is in process incase of rejection from here I am expecting 20-30% drop
Dyor
Mkr/usdt charta good chart analysis and good time for long buy and good if entry price in 660
Good lock
10-05-2018 - 10-05-2023 MKR MC = 706M In five days it will be five years ago on the 10-05-2018 that Makerdao had the exact same marketcap of 706M dollars. 🙃
On the chart you can see the straight line with basicly no financial growth over the years, let's say the next 5 years will be better? It can't be worse then this in my opinion... 😆
An idea on MKRThe pattern MKR formed is pretty rounded, not sure if it's a cup in formation or a "fry pan pattern" A.K.A. "scoop pattern". Currently has retested the trendline at LTF: and it could go up from here.
It could be a good opportunity but I'm not sure it'll trigger my entry. Change the entry according with your own ideas.
Good luck
MKRUSDT pump soonMKRUSDT looks like it's ready to breakout very very soon.
MKR has maintained the bullish higher low structure.
If it retests the top of the range, it would be 61 % PUMP from the current levels where it's now.
Market is bullish and altcoins are catching strong momentum.
Take profit levels / targets are shown on the chart.
good luck
MKR/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of MKR in pair to USDT, on a four-hour time frame. First, we will use the blue lines to mark the uptrend channel in which we are currently moving.
Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at FWB:706 , the second support is at FWB:698 , the third support is at $692, and then the fourth support is at $686.
Looking the other way, we see that the price has approached a strong resistance at HKEX:721 , when it manages to break it, the second resistance is at HKEX:731 , then the third resistance is at $744
It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend.
Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
MKR bound for a major breakoutMKR WEEKLY chart suggests a clear shifting price. It is now forming higher lows -- on a weekly basis.
The last time it did this was December 2020 before skyrocketting to 5k levels.
*this is a long term perspective.
SEEDED L at 700.
TAYOR.
Maker (MKR) forming bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Maker (MKR) with US Dollar pair.
Previously we caught more than 29% pump of MKR as below:
Now on a 4-hr time frame, MKR is about to complete a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MKR: Approaching SupportMaker (MKR) technical analysis:
Trade setup : After getting rejected at $1000 resistance 2x, price has pulled back to $600-700 support zone again, which could be an attractive swing entry in Uptrend with upside potential back to $1K-$1.1K resistance area. Momentum is inflecting bullish again (MACD Histogram rising). Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, then $1000 – $1100.
