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MKR / TetherUS

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MKRUSDT trade ideas

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
MKRUSDTHello dear friends Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened. 🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward trend to the range of $605 and $536. ❗️❗️❗️ Note that if the $932 resistance range is completely consumed, the above view will expire. We would be happy to hear your comments
Short
by FiboTech
8
MKR pushing higherNot sure if the news of owner of MakerDAO selling LDO to buy MKR played a role in this pump but MKR is pumping over a resistance zone (former resistance now that has been passed) and from my point of view, if the daily will close in this way, there are two possible zone where this can stop: that local high and the OB up there. I chose to take in account the overlapping of those two OB. Off course my reasoning makes sense ifBTC doesn't dump tomorrow. It's currently in a very tight range so anything can happen but I'd expect some green before going lower. On 1h chart the push upward seems consolidated so at least price will take that high. Once we see a reversal pattern we can look to open a short position (I'll post updates). I wouldn't long now but once the local high is taken if the signs are good we can take the long. Good luck
Long
by Shotokhan
SasanSeifi 💁‍♂️TA: MKR_USDT / 3D LongTerm⏭ 1170/ 1000❗HI TRADERS ✌The possible scenario of MKRUSDT is specified. As you can see, in the 3-day time frame, after the price fluctuations, it faced growth up to the range of 970. It is currently trading in the range of 919. We can expect that if the price penetrates above the range of 960 and stabilizes, the possibility of growth up to the range of 1170 can be considered. We have to see how the price will react. It is important to maintain the support range of 750/800. let's see... ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
by SasanSeifi