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MKRUSDT trade ideas

BNB/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price broke sideways from the downward trend line. Let's start by determining the support line and as you can see, the first support in the near future is $2,658, if the support is broken, the next support is $2,274 and $1,777. Now let's move on to the resistance line, as you can see the first resistance is at $3,023, if you manage to break it, the next resistance will be at $3,438, then at $3,727 and then at $4,105. Looking at the RSI indicator, you can see that we are approaching support, which may result in another attempt to rebound the price, and the STOCH indicator shows that there is still some room left to go down before it increases again.
by cryptodailyuk
MKR/USDT Keep an eye on the demand area, potential reversal!💎 Paradisers, #MKR is indeed a coin worth monitoring closely. 💎 Currently, there's a potential for the price to retest the demand area around 2530 - 2400. Historical data suggests that MKR tends to bounce consistently when reaching this demand area. 💎 If this pattern repeats, MKR may test the resistance trendline after bouncing from the demand zone. 💎 Breaking above the resistance trendline is essential for MKR to sustain its upward movement and potentially reach higher levels or our target strong resistance area. However, if MKR fails to break above the trendline, it could face rejection and retreat back towards the demand area. 💎 Should MKR fail to bounce from the demand area, there's a possibility of a wick forming when testing the support zone, which was not touched after the re-accumulation phase. This could signal a rapid return to an upward trajectory. 💎 The bullish invalidation scenario would occur if MKR breaks below the support level at 2267, confirmed by a daily candle close below this level. Such a move could indicate a shift towards bearish sentiment and potential further price declines. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
MKR/USDT Ready for an Explosive Bull Run? Positive Signs🚀👀💎Paradisers, #MKR is currently building momentum and gearing up to retest the descending resistance. 💎Once it breaks out, we'll wait for a retest to confirm our trading plan. The retest phase usually follows a breakout, offering an excellent opportunity to confirm bullish momentum. If #Maker holds support at $2701 and continues its upward climb, our projected resistance zone will be the next target. 💎However, if #MKRUSDT struggles to maintain support and falls back into the channel, it could hint at a weakening bullish trend. In this case, the price may drop further to the next significant support level around $2363. 💎Historically, ASX:MKR has shown resilience by bouncing decisively from this level. If this pattern holds, we could see a strong bounce. But if a decisive candle closes below this support, it will challenge the bullish outlook, signaling a potential shift toward a more bearish trend. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise
Expansion exposure -- Recap of MKRWe analyzed the fundamentals and technical aspects of Maker DAO in early April. Let's take a look at the changes after a month. Fundamentally, as the head protocol of RWA, MakerDAO is famous for its security. But after ONDO established cooperation with BlackRock fund BUIDL. MakerDAO chose to expand its $600 million DAI exposure to Ethena’s USDe and sUSDe. This may be due to the continued strength of ONDO. However, it is dangerous for an over-collateralized stablecoin to open up exposure to a centralized stablecoin (USDe is based on the funding rate arbitrage model to generate high returns and high risks. We will explain it in a subsequent analysis if we have the opportunity). After its implementation, multiple DeFi protocols that adopted DAI, such as AAVE, began to consider reducing the share of DAI to avoid risks. We represent ENA (Ethena’s token) with a yellow line in the figure. MakerDAO said on April 9 that it was expanding its exposure. The impact of this aggressive move on the price was obvious. After that, MKR continued to pull back and the bulls weakened. On the TSB indicator we can see that although the bar bounced back after touching the wavy zone multiple times, the bulls were encouraged. However, the TSB indicator prompted a SELL signal today, which shows that at the daily level, MKR's bullish trend is temporarily over. If you are long MKR based on the TSB indicator, you can first consider taking profits. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
📈💪 MKR Trade Opportunity! 💪📈📊 Analysis: Relative Strength: Maker (MKR) is exhibiting relative strength compared to BTC amidst market weakness. Reversal Signs: MKR has absorbed liquidity at $2,365 and is showing potential signs of a reversal. Entry: Consider entering the trade at $3,150. Profit Targets: Aim for profits at $3,650 or $4,000 levels. Risk Management: Set a stop-loss at $2,850 to manage potential downside risks. 📈 Trading Strategy: Entry: Initiate a long position at the specified entry price. Targets: Take profits at identified resistance levels. Risk Control: Implement the specified stop-loss to mitigate losses in case of adverse price movements. 🚨 Note: Monitor market conditions closely and adjust the strategy accordingly as the trade progresses! 📊🔍 #MKR #TradingOpportunity #CryptoAnalysis 🌟📈
Long
by Richtv_official
MKR | MAKER made itIn an impressive display of bullish momentum, Maker has witnessed a substantial gain attracting much of the market attention.the price of Maker aka MKR is 1,027 today with a 24hour trading volume of 100 million dollar. This represents a 11% price increase in the last 24 hours and a 50% price increase in the past 7 days. Maker manged to break its downtrend at 800$ (red line) and now bulls are in control most indicators are bullish and its 30% up since our first mkr analysis next targets are 1030, 1040 and 1050
Long
by moonypto
MKR | My Favorite Crypto | LongWhat 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. 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.
Long
by DivergenceSeeker
TSB Help You Become a Diamond Hand ---- MKRAfter talking about the RWA protocol GFI last week, GFI continues to perform strongly. It has gained more than 20% since the release of our analysis and remains bullish on the indicators. After BlackRock established the BUIDL fund, MakerDAO, one of the leading RWA protocols, also gained attention. The core business of Maker DAO is CDP, which is the creation of the US dollar-anchored token DAI. DAI is currently the most important stablecoin in DeFi activities, adopted in multiple protocols. In 2022, MakerDAO began its RWA business and tokenizing collateral in the form of real estate, invoices, and accounts receivable. Although compared to revenue-generating RWAs such as ONDO, the value capture capability of MakerDAO is weak. However, after experiencing the bear market and the bull market, MakerDAO's risk resistance is significantly higher than other RWA protocols. MKR, as the token of MakerDAO, has shown positive and stable performance recently. At the 4h level, we can see that MKR has risen with fluctuation since the TSB indicator prompted a BUY signal on March 9. After every time callback and hitting the wavy zone, the bulls always gain strength. As in most other cases, the TSB indicator captured almost all the profits of this round of gains, and can further expand profits. At the daily level, TSB has demonstrated strong capabilities. After the BUY signal was prompted on January 3, it continues to this day. Although during the fluctuation (yellow area), the power of the bears is not strong. But BTC at that time was refreshing ATH (yellow line). If you do not use the TSB indicator, it is very likely that you will be shaken and change positions for other tokens, missing out on greater profits in the future. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius