MKRUSDT trade ideas
It was a good run...$mkr looking like it is finishing it's parabolic run. High volume area for support would be around $3500 area
MKR The Dominator Of The DEFI CategoryMKR price traded at $4786 with a gain of 35.83% in the last 24-hour. Furthermore, MKR price is in a continuous uptrend and testing the resistance of $4970. In contrast, the market capitalization stands at $4.69 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $4970 in future trading sessions.
Resistance: $4970
Support: $2866
MKR.USDT (Y21.P2.E1).Potential cradle setupHi Traders,
Here is a potential nice setup for a cradle trade on the 1 hrly.
It has all the ingredients so far.
Yes, it has a slight downward pressure for now, but that could be shallow.
Be careful as BTC can spoil many good setups if it drops.
If you don't know the check list for a cradle setup or strategy, you should learn it asap. Which I teach. Link below.
All the best,
S.SAri
s3.tradingview.com
s3.tradingview.com
MKR making triangleMaker seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 4870 and even higher.⚡
ENTRY : local high @ 3667
SL : local low @ 3290
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 4870
RRR : 3.25
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
MKR MAKER - Shake & Bake 'er - GO LONG... maybe? With a recent rip on the daily, it looks like a breakout may be occurring on the 4HR. It's just a wee little candlestick spikey (but size doesn't matter right)?....
However, this might be the opportunity to use the 4HR to get ahead of the daily and take your position early. It's still pretty speculative, but I've pegged it at a 1:6 risk/reward. So, you don't have to get many of these little, high reward positions correct, to hit that big paydirt carrot.
Here are the indicators, most are leaning towards a buy www.tradingview.com
If you're not satisfied with my analysis, just use some house pet prognosticating... Step one: Put one doggy bone in each hand. Write long on one and short on the other. Whichever your mutt chooses first... THAT"S THE ONE. Step two: Invest entire life savings... What's the worst that can happen? Lots of homeless people have dogs.
What did the pizzas say to the pizza MAKER? CHEESE-US!
MKRWe broke above triangle pattern, now we are in pullback. Could we break this short term resistance and make another move up? Anything below 2k means we are more likely to head down from there. OBV indicator is forming bullish divergences.
Experts See Profit-Booking In MKRMKR Price traded at $3459 with a gain of 22.80% in the last 24-hour and 60.45% up in the weekly time-frame. Furthermore, Maker plunged from the resistance of $3770. In contrast, the market capitalization stands at $3 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is trying to sustain above all the EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the EMA-21 of $3015 in future trading sessions.
Resistance: $3770
EMA-21: $3015
Support: $2540
MKR USDTI said if MKR breaks the triangle, we can see a big move to the upper direction. After retest, we are in %70 profit.
MKR - mind your risksRisk of a reversal into a considerable correction, as the impulse looks almost complete
Crypto|MKR/USDT|Long and shortLong and short MKR/USDT
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
MKR/USDTThere is my idea about MKR / USDT.
I see a lot of upside potential in the next few days/weeks for MKR.
The price stays above the 200MA and there was just a bullish golden cross on the 4h timeframe. We can see a lot volume coming in. Maybe we can see a retest of the symmetrical triangle in the short term if the bulls are not able to break the breakout level. A retest would be a good entry point too. If it doesn't happen, buy the breakout of the green line.
Like always do your own research and let me know what do you think about my idea.
Cheers CryptoFox
MKRUSDT 1D Chart Enjoy 🚀🚀🚀This is not financial advice
also is possible in my page to check 4H chart and understood/see more
