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MKRUSDT trade ideas

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
Long
by CryptoPatel
1
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.
by cryptodailyuk
1
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.
Long
by altFINS
2