MKRUSDT.PAccording to my analysis, I expect this rebound to take liquidity, and then break out from the OTE area, where we target PRZ targets for harmonics, as well as the structure of the main structure.
MKRUSDT trade ideas
MakerDao's Wrapped Tokens: High Stakes, High RisksYesterday I was discussing with some Italian Twitter users about the risks of MakerDao. So here are a few reflections.
First of all, an interesting thread directly from MakerDao.
Now let's get straight to the point: How has MakerDao been functioning in the last year? After enabling ETH withdrawals, especially through LIDO, there has been a stake boom. In practice, users stake ETH and receive stETH (that wrapped stuff of dubious validity). This way, they can receive about a 4% yield, always in stETH.
Note: Based on the news I have up to today, redeeming requires 2 weeks to get back your ETH. Remember that.
But why settle for so little when you can do the trick? Lido allows you to wrap your fake ETH stETH again. And there it becomes wstETH. This "token" can only be used in one place: the MakerDao protocol. Why not stETH? Because it's staked and changes in quantity over time due to APY, while wstETH is fixed. Now you send this doubly wrapped token to the Maker protocol (vault) and receive a fresh and ready-to-use StableCoin, DAI, for your collateral (of dubious origin at this point).
And what do you do with DAI? Coincidentally, MakerDao allows you to stake it with a respectable 8% APY!!
Let's take a look at Maker's collateral situation... and we find that 46% of the collateral is wstETH 2.77bln$ ,with $1.23 billion DAI staked.
All very nice, because both Lido and MakerDao are raking in fees as if there's no tomorrow. However, there's something that doesn't add up. Doesn't it seem like a distributed Ponzi scheme? A little here, a little there... someone has to lose out eventually. However, the main purpose is always to prevent tokens from entering circulation. So you make ETH "rare" by locking it on Lido and make DAI "rare" by locking it on MakerDao. ETH maintains its price stability, and DAI maintains its price stability.
So my stake of a stake on wrapped tokens for another stake with collateral of collateral is ultimately "stabilized" and sufficiently secure.
At least until something "serious" happens. What could be the inherent risks? First of all, a drop in the price of Ethereum will certainly trigger a chain of liquidations on the protocols. Collateral is lost, especially for MakerDao, which will immediately sell the locked ETH until the "value" of the borrowed DAI is recovered (out of thin air...). What remains, the user can withdraw... oh, but wait... they are wstETH. So they will have to take the wstETH and return them to LIDO to get stETH back, then close the position and get their ETH back... after 2 weeks (as far as I know now).
This will unleash absolute madness, but above all, a ton of fees for Lido and Maker, who will see the protocol shake but at the same time generate profits at the speed of light. If we also add that there's no real Proof of Reserve for Lido, we could introduce the risk that the ETH has already been sold at much higher prices than buying back low to return them to users.
Whatever happens... the current volume on MakerDao and Lido is showing very similar facets to past drops.
Is it time to fasten our seatbelts?
D1 IHSThis IHS has made the 1.51 target, but the fact that the bottoming pattern is an IHS is still bullish. the H1 time frame in the upper right also has a small IHS in its' candles.
MKR 🩸These trades reflect my trading history
Trades will be updated on the same published chart such as Take Profit, Early Exit or Partial Exit....
MKRUSDT Technical Analysis 📈🐻 #MKRUSDT Technical Analysis 📉🐂
#Trend: Bearish 📉
#Divergence: Bullish 📈
#ReversalPattern: Falling Wedge Reversal ⬇️🔺
#BreakOut: Confirmed ✅
📊 Analysis:
In the 1-hour chart, MKRUSDT is currently in a bearish trend. However, there's an exciting development! The #RSI is showing a bullish divergence, indicating a potential trend reversal on the horizon. Additionally, the price action has formed a falling wedge reversal pattern, adding to the likelihood of a bullish move. 📈🚀
📉 Trade Setup:
To take advantage of this setup, a BUY STOP order is suggested at Entry Price @ 1243. This approach will enable us to enter the market if there's a possible breakout to the upside. 📈💹
🛡️ Risk Management:
To protect our capital, we'll set a Stop Loss @ 1211. This level is carefully chosen to limit potential losses in case the trade does not play out as expected. 🛡️❌
💰 Take Profit Targets:
We'll aim for Take Profit 1 @ 1276 and Take Profit 2 @ 1308. These price levels are chosen based on projection and represent attractive profit opportunities. 💹💰
📢 Investment Advice:
As a technical analyst, it's essential to consider both bullish and bearish scenarios while managing risk effectively. Keep in mind that trading cryptocurrencies carries inherent risks, and past performance does not guarantee future results. Always use proper risk management and stay updated with the latest market developments. Good luck! 🤞🚀
#TradingView #TechnicalAnalysis #Cryptocurrency #MKR #USDT #BullishDivergence #FallingWedge #TradeSmart #InvestmentAdvice
MKRUSDT the origin of the trendHello everyone In search of a good coin chart for long-term investment, I came across MKRUSDT. The chart is really very beautiful, because in January a long (1.5 years) falling trend was broken. It also took about a year for the coin to decide where it would go next. And now the bottom has been formed and the price has already consolidated above the important resistance level of 1200. The next logical stop is expected at 1800.
MKRUSDTBINANCE:MKRUSDT ROAD MAP
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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MKRUSDT short trade MKR is on its way down and it just broke a very important trend line, there is a very high chance for a big drop. I think this is the highest for now and we will see a trend reversal after.
Looking promising for a short trade
MKRUSDT Trend Analysis MKRUSDT trend analysis which goes up and having a good volume I think is the next move very impulsive
Probability of growth after a correctionThis currency has had a good growth and is in an upward trend, but it has shown a steep slope, which means that there is a possibility of a fall, or rather, a correction for this currency is possible. This correction is possible until the bottom of the channel, but if If we break the bottom, we will exit the upward trend and we can see a sharper drop
MkrMkr has order block on 4hour time frame and also there is fear value gap that was created during implusive move order block. Price is likely to pump from that area. keep eye on it
MKRusdtThere are two potential retracements from this area, and the last one might be the final retest, considering that the previous one resulted in a weak high
MakerDAO MKR price moves up in a decentralized mannerDespite the relatively high price, the Maker MKR token managed to double in price in a month .
It turns out that now the MakerDAO ecosystem, which is one of the first projects on the decentralized finance (DeFi) scene, is now the locomotive that should once again accelerate interest in DeFi.
At the moment, the MKRUSDT price is trying to gain a foothold above the important liquidity zone of $1050-1150. If it succeeds, it will only be a matter of time before it continues to grow to $1750-1850.
If the MKRUSD price follows the red scenario, then the price zone of $630-730 can be considered a reasonable one for medium and long-term investments in the Maker Protocol token.
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MKRUSDT Igniting the Bullish Fire💎Today, Paradisers, we delve into the compelling case for #MKRUSDT's long-term bullish potential and shed light on how far the price might ascend. The first signal of a trend reversal emerged with the break above the year-long wedge pattern. Following four months of consolidation, the uptrend firmly established itself.
💎 A crucial factor was the bounce off the 200 Exponential Moving Average on the 3-Day chart.. But then, a decisive break and close above the bounce point at $1080 further solidified the bullish sentiment. This level could potentially act as a key support in the future, should #MKR experience a pullback. However, MKR can easily continue its upward trajectory without any correction, leading to exponential growth.
💎 Now, when it comes to the uptrend, setting a target or identifying a resistance level is crucial. Our projected target near $2100 is derived from analyzing previous demand, current supply level, and the 88.6% Fibonacci retracement. If achieved, it would signify a nearly 100% price increase—a huge movement indeed.
💎 However, let us not get carried away in the excitement of the potential gains, as a pullback could also materialize. Hence, maintaining a calm approach and adhering to proper money management practices is paramount.
💎 Finally, we must remain vigilant and attentive to any signs of a new lower low forming, particularly if #MKR breaches below $831. Such an event would invalidate the bullish scenario, possibly signaling a return to a bearish market.
MKR/USDT Elliott Wave Analysis: Expecting 20-30% Down MoveMKR/USDT Elliott Wave Analysis: Anticipating a 20-30% Down Move
In this Elliott Wave analysis of the MKR/USDT trading pair, we'll explore the current price action and wave count for Maker (MKR) against the US Dollar Tether (USDT). The analysis suggests a bearish outlook and the CryptoPatel is expecting a significant correction in the coming days. Please note that trading involves risk, and this analysis should not be considered financial advice.
Overview: #MKR is currently trading at $1231, and the CryptoPatel identified an Elliott Wave count, indicating that the impulse wave has already been completed. The focus now shifts to the correction wave, which is expected to lead to a substantial move downwards.
Elliott Wave Analysis: The CryptoPatel observed an Ending Diagonal pattern in the 5th wave, adding weight to their bearish sentiment. The Ending Diagonal is a bearish pattern, supporting the hypothesis of an impending corrective move.
Short Entries:
Entry 1: $1270
Entry 2: $1200 (triggered when the trendline is broken)
Targets: The analysis predicts that the correction wave could lead to significant declines, and the following price targets have been identified:
Target 1: $1035
Target 2: $950
Expected Downside: CryptoPatel is anticipating a minimum downside move of 20-30% based on the Elliott Wave count and the observed Ending Diagonal pattern.
Stop Loss: To manage risk, the recommended stop-loss level for this bearish trade is set at $1365.
Disclaimer: Trading cryptocurrencies involves substantial risk, and readers should conduct their research and consult with a financial advisor before making any investment decisions. The writer shall not be responsible for any trading losses incurred based on the information provided in this analysis.
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MKR IS VERY BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MKR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
flash trade MKR These trades reflect my trading history
Trades will be updated on the same published chart such as Take Profit, Early Exit or Partial Exit....
Mkr Update Mkrusdt
Iam expecting price to reject from this channel trendline resistance and retest the lower support line
Overall I am bearish on mkrusdt we cam expect atleast 15-30% drop incming days.
Let's see
Note : this is just an idea, do your own research before taking any decision
MKR/USDT(SHORT Opportunity)Previously i posted an analysis of MKRUSDT decribing the Ranges. All the mentioned ranges played there role accurately.
Now, MKR is trying to break its Resistance ZONE of 1240.We will not short here as it is already tested thrice now and getting weaker and weaker.So, there is a high probablity that it will break this level and will travel to the next resistance zone of 1290.Its safe to have a SHORT postion there as its a tough zone to get through.
ENTRY : 1280-1300
Take Profit : 1)1230-1245
2)1190-1180
Stop Loss : 1315
Risk:Reward=2:3
Stay Patinet
Stay Safe
Globally Bullish / Locally ShortEntry: 1000-920
SL: 864
TP1: 2500 25%
TP2: 4000 25%
TP3: 6000 40%
Moon Target: 10%
MKR : UPCOMING TRENDthe upcoming trend for MKR what could make it able to gain up $800 coming time.
Technical view shows the possibility for a new increase by MKR.
Low time frame MKR needs to hold the $600 USD price action to be able to play in a stable trend that could change into a new increase view.
If MKR can hold the $600 within the time frame then we could meet in the coming time the target of $800
MKR is at this moment one of the interesting coins that could show an increased view.
