MKRUSDT trade ideas
Great triangle⚖️Good day to trade, folks🔥
There is one more trade opportunity on crypto market.
Symmetrical triangle on MKR/USDT crypto pair.
Previously price had strong bearish sentiment.
It could be an interesting signal for bear traders.
According to Elliott Waves theory Wave D is done and now price is heading to Wave E.
So follow the chart and look for the best price to enter carefully.
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And always remember: "we don't predict, we react".
LONG on MKR/USDTMKR formed a falling wedge pattern on 2hours, 1hours, not that visible on the 4hour time frame. The 4 hours StochRSI is also oversold meaning a good long from that position. Apply proper risk management ✍️✍️. Happy trading
MKR SHORTI have been a big fan of MKR USDT this year. The coin has had a pretty impressive run from $2500 up to $6300 as of recent. This last upsurge has lasted several days without any significant retest of key resistance / support levels. I am short term shorting MKR. Target prices are levels indicated with orange dashed line. Shorting hopefully down to the $5555 level before testing the $5500 liquidity zone.
mkrusdtUpdate. Previous goals have been successfully achieved. Now here are the following entry areas. And also the following goals.
This is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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MKR hits target of 5670MKR has just been printing money laterly. Creators of DAI and the Collateralized Dept Position platform for ERC20. One of the lowest supplies in a gov token. Which is why it's no surprise it flipped Ether.
Possible short already under way, we'll see how this plays into the next 4hr.
mkrusdtAfter breaking the triangle in the 1 hour time frame, climb to the specified resistance range and after the conflict in this area
Climbed to the specified prz area due to high momentum in 1 hour time frame, there is a possibility of failure
If the area fails, you can take a position
Mkrusdt Symmetrical Triangle 📐Hi mkr is forming Symmetrical Triangle if it breaks we will enter after that
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mkrusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
Please support the idea by clicking the like button and expressing your opinion in the comment box
MKR/USDT Symmetrical TriangleThe symmetrical triangle for MKR shows a possible break out within the following few hours. The bearish and bullish targets are highlighted. Safest entry would be a retest with break out confirmation in volume as well as a macd rejection or macd cross!
Money MAKERMaker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 5760 and even higher. MKR been money maker lately (see related idea), so I hope this ATM🏧 is still working! There are 2 different SLs, one tight, one wide. I will split the position into two (equal size) and will go with both SLs.
ENTRY : local high @ 4151
SL1 : local low @ 3934
SL2 : local low @ 3568
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL1) @ 5760
RRR with SL1 : 7.4
RRR with SL2 : 2.75
INVALIDATION : when SL level hit
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MKRUSDT - 1HYou can look at it as a inverse head and shoulders or like a cup and handle pattern. Anyway to me it seems like it's a reversal structure.
For confirmation we need to break horizontal resistance!
For every new follower i will add a new idea :)
