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MKRUSDT trade ideas

Brief Analysis ——MKRAs a representative of liquidity, lending protocols are important to Defi. Based on the outstanding performance of COMP last week, we have a brief analysis of the tokens for three major lending platforms today. They are AAVE,COMP and MKR. MKR rose with fluctuation in first half of 2023. Starting in March, it experienced a long correction, and in July the price quickly rose to the highs of the year. We can see many upward pin-bars (in the gray area) at that time. This shows that the resistance above is very strong. The bulls toke action for days without success. Price entered into a correction and moved closer to the highs again this week. Judging from the rising this week, the length of the green candle is not long, the bears is obvious, and the trading volume is not outstanding. Conclusion: Mostly fluctuation. The trend maintained neutral on a large level and bears strengthened on a small scale. So we think there is a high probability of fluctuation this week. We set resistance level at 1040 and support level at 850. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
MKR (Maker) Token Analysis 03/04/2021Fundamentals: Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin. Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar. MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself. The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum. As of October 2020, DAI is one of the most popular stablecoins (cryptocurrencies whose prices are pegged to the USD or another traditional currency). It is the 25th largest cryptocurrency at over $800 million in market capitalization and it has more active addresses than USDT — the largest stablecoin on the market. MKR’s unique proposition lies in the fact that it allows its holders to directly participate in the process of governing DAI. Every holder of Maker tokens has the right to vote on a number of changes to the Maker Protocol, with their voting power depending on the size of their MKR stake. Some of the aspects of the protocol the holders can vote on are: Adding new collateral asset types to the protocol, allowing users to submit new cryptocurrencies to mint more DAI; Amend the risk parameters of existing collateral asset types; Change the DAI Savings Rate: holders of DAI tokens can earn savings by locking them in a special contract, and the Savings Rate impacts the profitability of that contract; Choose the oracles — entities whose goal is to supply trustworthy off-blockchain data to the Maker ecosystem; Upgrades to the platform. This ability to participate in the management of one of the largest stablecoins on the market is what drives the demand for MKR tokens and correspondingly affects their value. MakerDAO, the first entity inside the larger Maker ecosystem, was created in 2015 by Rune Christensen, an entrepreneur from Sealand, Denmark. The issuance and removal of MKR from the system is governed by a complex system of interdependent mechanisms designed to ensure that DAI is always fully collateralized by other cryptocurrency assets and its soft peg to the USD is maintained. There is no hard-coded limit on the total supply of MKR. DAI’s value is secured by collateral — other cryptocurrencies that are deposited by users when minting new DAI tokens and stored in so-called vaults — smart contracts on the Ethereum blockchain. During price downswings, the value of crypto stored in the vault might become insufficient to fully collateralize the corresponding amount of DAI. In that case, the Maker Protocol automatically initiates the liquidation of the vault’s contents, the proceeds of which it uses to cover that vault’s obligations. If the amount of DAI generated during the liquidation is not enough, the Maker Protocol mints new MKR tokens to sell and cover the remaining sum, thereby increasing the total supply. However, in some cases, the amount of DAI made from the auctions exceeds the necessary limit to ensure full collateralizations — then, it is used by the Maker Protocol to buy back and burn MKR tokens, decreasing their total supply. Thus, the supply of MKR is a dynamic value that changes depending on market conditions and the overall health of the DAI ecosystem. As of October 2020, the circulating supply of Maker tokens is about 1 million, worth more than $500 million. Christensen graduated from Copenhagen University with a degree in biochemistry and studied international business at the Copenhagen Business School. Prior to MakerDAO, he co-founded and managed the Try China international recruiting company. Technical Analysis: as we can see there is Hidden Divergence with MACD after an impulsive wave on its retracement which is the sign of Bullish Trend Continuation with more Power, there total of 3 Targets Defined with Fibonacci Projection the 3 TP gets Confirmed as price triggers the 2 TP as it is the extension level and it makes the 3 TP a sure Target.
Long
by BitonGroup
4
Maker astonishing rise ahead?👀!! 🚀MKR Today Analysis💎 MKR is currently trading in a high volume area, with the poc of the Volume Profile Visible Range acting as support. 💎 if it fails to hold its position at the POC, it could correct to another level, potentially up to 5%, before resuming a bullish trend. 💎 maintaining a strong position above the 50-day Exponential Moving Average, further indicating a potential bullish move. 💎A crucial support level at 588, and a low volume node has been observed. A breakdown of this support could shift the market momentum into a bearish zone. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
1
🚨 Trade Update: MKR/USDT (3-5x)🚨 Trade Update: MKR/USDT (3-5x) 📈 Long Entry: 789 - 960 OTE (Optimal Trade Entry): 877 SL: 748.6 B/E Move: When it moves close to TP2 TPs: Short Term: 975 - 989 - 1015 - 1050 - 1100 Mid Term: 1250 - 1500 - 1800 - 2200 - 2447 **Disclaimer: Past profits do not guarantee future results. Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis. EDK FORUM TRADING®
Long
by GISTRADINGLLC
MKR: Bullish PennantMaker (MKR) technical analysis: Trade setup : Trends have reversed to uptrend but has reached our target of $1,000-$1,100 resistance zone, where it got rejected. Notice the long wicks on recent daily candles, indicating heavy selling. After a 100% gain from recent lows ($500) on June 10th, we expect some profit taking around the $1K resistance area. Now it’s consolidating in a Bullish Pennant pattern and we wait for a breakout. We highlighted MKR in our recent trading video “5 coins with big upside near-term”. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $800 (previous resistance), then $600 – $700. The nearest Resistance Zone is $1000 – $1100.
Long
by altFINS
MKRUSDT at monthly resistance, likely to come to monthly supportThe price has hit the confluence of monthly, weekly and daily resistances. It is experiencing the pull back from this resistance. I think this is pretty stromh resistance and has a higher porbability of holding the price for some time. Below this, there is a support level which is again a confluence of monthly, weekly and daily support levels which makes it a very strong support. Any dip to this support zone is for a buy. It is possible that the price visits this support zone. A long is definitely favorable in case the current resistance is broken and the price trades above it for a while.
by angela_altair
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.
Long
by altFINS
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.
Long
by Madoir
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 -
by Crypto2AF
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 -
by Crypto2AF
1
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.
Long
by altFINS
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.
Long
by KingCharts