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MKRUSDT trade ideas

MKRUSDT Are increases coming?Hello everyone, I invite you to review the MKR cryptocurrency pair to USDT, on a four-hour interval. Let's start by marking with blue lines the downtrend channel where the MKR price is moving. Now, using the Fib Retracement tool, we can determine the support that the price has when the correction deepens. And here in the first place we can mark the support zone from $515 to $509, if the zone is broken, we have the next support at the price of $502, which is the place of the last low. Looking the other way, we will check resistance points for the price in the same way. As we can see from the $540 to $551 level, we have a strong resistance zone that the price has to face, once we exit above it, there is another resistance at the $564 price, but first the price needs to break the $525 to $530 zone. It is worth marking the Rounding Bottom here, because such a formation often ends with an increase in price. As we can see on the CHOP index, we have a lot of energy for the next move, the MACD stays on the edge of the local uptrend, while the RSI is in the middle of the range, but when we look at it on a one-day interval, we will notice that in the long run we are moving in the lower which may also indicate a price increase.
by cryptodailyuk
1
Makerdao - Prepaire for 2023-2024 Next year will be with no doubt better for Makerdao. Load your bags, beaceause soon this prices will be history for ever! Makerdao is a healty protocol, it has already great collaberations with partners and comany's. Makerdao is ment to be epic we all know it... My average price prediction for 2023-2024 is between 3500- 2500 dollars. 2024 - 2025 will be nuts no hair on my head thinks otherwise. There for this prices is a gift, use it! Source pitcure: Mastropietro, B. (2021, 14 juni). History of MakerDAO project. BrightNode. brightnode.io
Long
by UnknownUnicorn27344900
MKR - was opening of DEFI season ) Buyer's area from where there was a 1000% increase last year Someone is neatly absorbing all the sales and not letting them get near the $600 level Price a clamping down in a flat bottom triangle. if price made A break down move i will open a short. A breakup of the blue trend line i will open a long position. Tomorrow's daily will decide what a position I need opening. 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 your friends.
Long
by Artem_Dishel
2
MKRUSDT is testing the resistancethe price is testing the 4h resistance after a clear double bottom on the daily support How to approach it? IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
MKRUSDT is a trend reversal coming?Hello everyone, I invite you to review the MKR chart against USDT on a one-day interval. Let's start with determining the direction of the movement and here we have a downtrend channel, what's more, we can mark with the yellow line the local downtrend line under which the price is currently located. Now we will check the situation with support, which we can take into account when the price starts to fall more strongly and as you can see, we have the first support around $ 587, but if the price goes down from this support, we have the next support only at the price of $ 432. Looking the other way, we can also check the places of resistance when the ADA price starts to rise and here we have the first resistance at $754, the second resistance at $840, the third at $911 and the fourth at $979. It is worth noting that we had two lows, the second of which was lower than the first, and similarly, we have two highs where the second is lower than the first, but the current low, if not deepened, will be a higher low than the previous one, which could indicate a change in trend. Looking at the lows and highs, we can expect a trend reversal to this, the CHOP index indicates that we are collecting more and more energy, and the MACD indicator also indicates that the downward trend, lasting over a month, turns into an upward trend.
by cryptodailyuk
2