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MKRUSDT trade ideas

MKR inverse HEAD AND SHOULDER ?OK A GAMBLE FOR THIS ONE... At first i didn't had the need to post this one, but hey if i'm wrong its a lesson as well. Ok MAKER in overall this month has a pretty nice market going on, i bet that a good swing trader had some great scoring on this one. what cought my eye is this inverse head and shoulder pattern, and because it needs to touch the support line which forms a triangle on the Daily chart i was thinking ok this has to go up and this pattern could be it to make it happen. im not that good at entry point on this one and where to set stop-loss. so i put the entry point on the neckline with a stop loss on the top of the shoulder. profit level is calculated based on head towards neckline but if it needs to bounce the resistance line of the triangle on the daily it will not go thru that line. if it does it will be an early break out. again normally i post this kind of analyse for personal use but perhaps i get some feedback on this and learn something out of this. well be free to share ur thoughts
Long
by Tims.Technische.Analyse.
2
MKRUSDT (Reversing From Support Zone)#MKRUSDT Technical Analysis Update Reversing From Support Zone We can see several times MKR touched support zone, now it's trading in the support Level. I believe it's going to bounce from the support level MKR/USDT currently trading at $520 LONG ENTRY level: $ 500 - 520 STOP LOSS: below $490 Resistance level 1( Target): $555 Resistance level 2 (Target ): $600 Resistance level 3(Target): $650 Max Leverage: 4X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades
$MKR/USDT 8h (Binance Futures) Ascending triangle on support#Maker DAO is looking ready for a big move up like his little brother Compound already did. On lower Time Frame we can see an ascending channel forming as well, this could lead the way up if doesn't pull-back more. Current Price= 544.91 Buy Entry= 544.80 - 534.00 Take Profit= 561.69 | 586.21 | 617.15 Stop Loss= 517.11 Risk/Reward= 1:1 | 1:2.68 | 1:4.21 Expected Profit= +8.26% | +17.36% | +28.82% Possible Loss= -8.26% Fib. Retracement= 0.382 | 0.786 | 1.272 Margin Leverage= 2x Estimated Gain-time= 720h
Long
by TradingOn
$MKR MakerDAO LONG TARGETSMakerDAO (MKR) is in a bullish swing and this is proved true by the higher highs formed on the chart. MKR is on its way to close out the top of this valley it formed in late August. On this 4h chart we can see MKR trying to regain access inside this wedge as well as the $580 support level. If MKR continues going upwards and finds these levels of support, the LONG Targets are as follows TP1 🎯 $599 TP2 🎯 $628 TP3 🎯 $718 (Close out the Top of the Valley) MKR Community Greenlight Polls The MakerDAO governance facilitators have placed a governance poll into the voting system which asks whether the following assets should be prioritized for inclusion in the Maker Protocol by the domain teams. If greenlight votes exceed defer votes, this poll is to be taken as a signal to domain teams that MKR Token Holders have approved further domain work with the aim of adding assets as collateral to the Maker Protocol UNI-V2-USDT-ETH (Uniswap USDT-WETH Liquidty Tokens) aUSDC (Aave USDC) CRO (Crypto.com Coin) UNI-V2-WBTC-ETH (Uniswap WBTC-WETH Liquidty Tokens) UNI (Uniswap) cUSDC (Compound USDC cToken) OST-1 (UPRETS Oosten Fund I LP) yUSD (yyCRV) KF-DROP (Kickfurther DROP) OMG (OMG Network) CRV (Curve DAO Token) Monthly MIP's Governance Poll The Governance Facilitators have placed the MIP3: Monthly Governance Poll into the voting system. This poll asks whether the bundled contents of this month's Governance Cycle should proceed to an Executive Vote to be held on October 26th, 2020. In saying all of this, there are obviously intrinsic factors to holding the Maker Protocol, because you get a certain amount of voting power just like a democracy. As always please do your own research, I am not a financial advisor.
Long
by kyer
2