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MKRUSDT trade ideas

#MKR reversal idea #cryptoHello dear Traders, Here is my idea for #Maker Price finds support at monthly pivot S1 line – we had the same scenario at the June S1 pivot line. Daily inside bar has been formed and we will wait for a close above the yellow trigger line (875$) in the 4h chart to enter the trade. Profit target 1422$ and stop 700$. Risk Reward ratio 3.2 Please feel free to ask any question in comments. I will try to answer all! Thank you. About #Maker Rank 55 by marked cap 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. Source: Maker price today, MKR to USD live, marketcap and chart | CoinMarketCap About Pivot Lines The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview. If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2. Source: Learn How To Use Monthly Pivot Analysis (forbes.com)
Long
by Diplo_Trades
MKR Should Continue Its Downtrend - Cryptoz18❶ Warning Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much. ❷ Tutorials ➤ Here you can find a brief explanation of how the operations work in case you are interested in following them. ➤ Here you can find an explanation of how to track our ideas: ✔️ Our operations are taken with StopLoss and Take Profit of 15 minutes. However, we are looking to try and catch a 4H trend. So, once we touch the TPM according to your own analysis you should consider whether to close the trade or move StopLoss to entry. ❸ Summary First I have to open my trades on Binance, if not then I don't have time. Sadly it took me a long time and a lot of the movement just happened, if it doesn't go back to that entry consider changing the setup settings. ❹ Operational Information • Entry price: 1056.5 • StopLoss: 1084.4 (Loss 3.23%) • TakeProfit Minimum: 1020.2 (Win 3.23%) • Recommended margin: 5% of the Futures account • Recommended leverage: 1x. • Temporality: 15Min - 4H
Short
by Hi244me
MakerDAO ,(MKR/USDT analysis) 📈📉Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰 🔹Rank #50,/ kind : Token \\ max Supply: 1,005,577/// Circulating Supply:977,631.04 MKR ( 97 %) ====> Great✅✅ Market Cap:$1,041,472,168\\ Fully Diluted Market Cap : $1,041,472,168===> Great ✅ Total Value Locked ( TVL ) :$8,425,065,955\\\ Market Cap / TVL Ratio: 0.1238 ===> Great ✅✅ 🔰What Is Maker (MKR)? 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. Coinarketcap-makerdao.com ------------------------------------------------------------------------------------------------------------------- 📊Technical As you can see on the WEEKLY timeframe for MKR/USDT ,since May 2021 that MKR recorded an ATH about $6348 , it has been declining in a downward channel and has lost more than 83% of it worth untill now ,and It's already trading on the pivot zone , also recently revealed both positive and hidden negative divergences in current candle ,thus if want to rise more ,it should be able to maintain itself above the current pivot zone , to be able to reach higher R zone or after breakout the upper trendline , may even see the anchored VWAP ( black line) . but otherwise if weekly candle closes below the current P zone it may fall again on the lower DEMAND zone to be more accumulated there to have a possible jump again . ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
by PRO_SMART_Trader
5
Close to use Darvas's boxes trategyTechnically: H4 big desc. candle, closed below the support line. No correction above 5% H1 shows us accumulation in a narrow range Bearish pattern There are empty zone below. Green dash line is an next support. Nicholas Darvas wrote his book after he understood that when the price follows the trend there should be possibillities to increae your position at local stops. It like a train, going fwd, and at the stations you can join the trip. Next station we expect at the 838 (supp.from the Hune 15, confirmed Jun, 30) We have to be very careful about increasing our sells and should see the confirmations from the chart. like low corrections, small bars approaching the level, close retests of the level. In this case it will be allowed to double your position with correction of SL.
Short
by rakhascapital
1
MKR could have a little bullish momentum - Cryptoz18█ Operation Information MKR has not had a strong fall compared to other assets, in addition to taking into account that it is currently one of the most important DeFi projects in the blockchain, it is managing to easily recover from the trend, perhaps a long could be quite consistent if it remains above ours. SL. █ Operation data • Entry price: 982.6 • StopLoss: 962.8 (Loss 2.02%) • TakeProfit Minimum: 1004.4 (Win 2.22%) • Recommended margin: 5% of the Futures account • Recommended leverage: 1x. • Temporality: 15Min - 4H ✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit. In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance. Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes. This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile. ]█ Explanation of how the operations work: Here you can find a brief explanation of how the operations work in case you are interested in following them. █ Warning ✔️ Blockchain or FX operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trade ideas publicly for the viewer to do their own analysis and decide to enter based on her own decision making. The viewer is recommended to have good risk management in their operations. To do this, take into account the fundamental data of Asset Volume, Market Capitalization, Supply, Percentage Change Price, Current Volatility, Perpetual Data, and lastly, proper Margin and Leverage management. Be careful, you can lose all your money in the future if they have poor risk management. Nothing more to say thank you very much.
Long
by Hi244me
MKR, blocked at $1000.The following content is machine translation: In the 4-hour chart, it is going up along the trend line. Today’s highest level is around 1000 and it is blocked and retreated. The lower support is the rising trend line. The indicator macd has a bullish trend, and the fast and slow lines are running above the zero axis. At present, the bullish energy column is shrinking, and there is a step back. The RSI indicator turned its head down near the overbought level. In terms of operation, the current 1000 is blocked and falling back, and you can short-term, take profit near the rising trend line, effectively break the 1000 stop loss, or go long near the rising trend line, effectively fall below the rising trend line and stop loss, look at the vicinity of 1000.
by LochubT
MKRUSDT head and shouldersThe price is testing the 4h support on 880$ after a new bullish impulse where the market retest the daily area resistance at 1120$ Now the price lost the recent daily support n 955$ and the price is creating an head and shoulders pattern where the neckline is the 4h support How to approach it? IF the price is going to lose the support and retest as new resistance, 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. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
MKR, hindered and stepped back to the front support.The following are machine translations: In the 4-hour chart, this rebound was recently blocked at 1100, and it was blocked and stepped back at 1100 twice, both of which were supported near 1000. At present, 1100 was blocked and stepped back at 1000, which is much shorter. The fast and slow line of the indicator macd runs downward at the opening above the zero axis. The RSI indicator is above the neutral 50, and the callback is limited if it does not break 50. In terms of operation, go long near the strong support of 1000, stop at 992, pay attention to the resistance of 1100, break through more, not break empty.
by LochubT