Strong bearish divergence in playMKR is holding up like a champ in the face of strong bearish divergence on RSI and Stoch. RSI. Either we timber from here or we moon. Odds favor timber. Shortby Crypto-king-LAX2
MKRUSDT - BULLISH OUTLOOKMKRUSDT is currently exhibiting a bullish trend on the 4-hour timeframe, marked by a recent bullish divergence on the RSI (Relative Strength Index). This divergence suggests a potential shift in momentum favoring the bulls. The price action is further confirms the bullish sentiment with a consistent pattern of higher highs and higher lows. Based on this analysis, a potential trading opportunity is identified: Entry: Consider entering a long position at $1367. Stop Loss (SL): Set the stop loss at $1249 to manage potential downside risk. For take-profit (TP) levels, three options are available based on different risk-reward ratios: TP 1 = $1485 TP 2 = $1603 TP 3 = $1721 This trade plan is designed to capitalize on the observed bullish trend and the recent RSI divergence, while prudently managing risk through the placement of a stop loss. It's important to stay informed, monitor the trade closely, and be prepared to adjust your approach based on evolving market conditionsLongby sunnytrader07Updated 10
MKR/USDT Primed for a Bullish Surge from Demand Zone? 👀🚀 MKR💎 Paradisers, attention is due as #MKR showcases a fascinating trend, nestled within a demand zone and gearing up for a potential bullish ascent. 💎 Recently,#MAKER managed to vault over the supply zone at $1612, and it's currently showing respect for the demand level at $1838. Should MKR maintain its drive at this crucial point, we're anticipating a robust climb, eyeing targets beyond the next significant supply zone. 💎 But, what if MKR doesn't hold its ground at $1838? For the astute traders among us, a bullish rebound from the lower demand level at $1612 becomes our next watchpoint. However, a dip below this marker could signal a substantial bearish turn. Longby MyCryptoParadise112
Mastering MKR Moves: A TLS System Approach Mastering MKR Moves: A TLS System Approach Looking into the complexities of MKR's market patterns, we're applying the Traffic Light System (TLS) to guide us through the ups and downs and decode potential trade setups. 🚦 TLS Analysis on MKR: MKR's daily chart shows tactical entry points and critical thresholds, similar to steering a complex intersection with traffic signals. 🟢 Green Zones - Go for Growth: Our analysis spots potential 'Green Buy Zones' where the price action suggests a strong support level. In these areas, traders might consider long positions, aligning with a bullish sentiment and a possible uptrend continuation. 🟡 Amber Zones - Caution Ahead: In the 'Amber Zones', we encounter a mix of support and resistance levels where the market's decision is pending. Here, the risk is heightened, and traders should proceed cautiously, ready to pivot based on new information. 🔴 Red Zones - Potential Pullbacks: The 'Red Sell Zones' are where we anticipate resistance that could lead to price pullbacks. Traders might look to take profits or initiate short positions, especially if other market indicators align with a bearish outlook. 🔄 Trading MKR's Current Setup: Keep a close watch on the symmetrical triangle formation for breakout signals both to the upside and downside. Place strategic trades within the TLS-identified zones, tailoring your approach to the prevailing market sentiment upon retesting the triangle structure after the breakouts occur. Utilize stop losses rigorously to safeguard against sudden market shifts. Road Ahead: In the crypto arena, MKR's path reflects the market's broader narrative. It's essential to consider global economic signals, such as the recent tremors in the CSI 1000 index, and integrate these into your crypto trading strategy. Note: This post is for educational purposes and should not be construed as financial advice. Always conduct your research and trade within your risk tolerance. SmartMoneyDayTrading©️Educationby SmartMoneyDayTrading334
MKR/USDT 4HInterval Chart ReviewI invite you to review the chart of MKR in pair with USDT, on a four-hour interval. Here, using the blue lines, we will identify a strong downtrend channel where the price is approaching the upper part. Additionally, inside the channel, yellow lines will indicate an additional local downward channel, in which the price is at the upper edge, but this may limit the increase. Now let's move on to defining the supports. And here, after unfolding the Fib Retracement grid, you can see how the price is maintained in the support zone from $1972 to $1924, then there is support at the price of $1862, but if we go lower, the next very strong support is around the price of $1684. Looking the other way, we can similarly determine the resistance areas that the price must face. And here you can see how the zone from $2012 to $2065 stops the upward movements, then when we go above it and from the falling channel, we have resistance at the level of $2150, and then at the current peak at the price of $2287. Looking at the RSI indicator, you can see how there is a fight to come out on top from the downtrend line. However, on the STOCH indicator, we are very close to the upper limit, which may translate into an upcoming price recovery.by cryptodailyuk1
MKR Short ScalpSince mkr has swept monday -high and and reclaimed below it. It seems it will sweep monday low also. Placing a limit order with sl slightly above weekly-highy. #nfa #dyor #educational-conentShortby amazingta1
MKR inteligentassetThroughout the year 2023 until these very days the ascending trend line serves as support and resistance bullish scenario resistances 2047, 2182, 2269 pivot high, 2354 bearish scenario support 1950 ascending trend line, 1866 pivot low, 1815 in 50 ema, 1644by IntelligentAsset1
📊#MKR may rise in an ascending triangle pattern📈🧠After reaching the TP zone, we entered the correction phase according to the double top short structure, and the goal of the double top short structure was fully achieved.✔️ After that, we also had a good rebound. From a time period perspective, we are consolidating sideways, which shows that we don’t seem to want to choose to continue the deep correction. As time goes by, we form an ascending triangle here.🙏 ➡️If we successfully break through the inflection point, then the ascending triangle is established ⚠️If we break below the bulls’ defensive level, the bullish view is invalidated 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯Longby wolf_king888Updated 1
MKR/USDT Facing a key resistance zone, Could Break or rejected?💎 MKR has recently witnessed significant developments in the market. It is currently facing a key resistance zone, and historical data indicates the strength of this area. 💎 To continue its upward trajectory, MKR would need to break out of this zone successfully, which could potentially lead to a significant upward movement, probability aiming to reach our target strong resistance area. 💎 However, if MKR fails to break through this key resistance zone once again, there is a possibility that the price could retreat to the support area around 1616 to establish new momentum. In a more bearish scenario, MKR could even drop down to the demand area near 1300. 💎 The demand area is crucial as it represents the last support for a bullish movement. Bouncing from this area and reclaiming the price above the support zone is essential for the potential continuation of MKR's upward movement. However, if MKR fails to do so, the price could continue its downward path, returning to the accumulation zone, and potentially hitting the bottom support of that zone. by MyCryptoParadise3
MKR-USDT / 1H / TECHNICAL ANALYSIS BINANCE:MKRUSDT.P I marked my target level, entry level, and stop level on the chart. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck by TraderTilki3
#MKRIn time H1 and 30 minutes, you can do a retest up to the supply range. After testing it several times, it has made a further modification, and now, if the specified range is maintained, it will have the ability to reach at least the node and then the supply range.Longby alikzeUpdated 5
#MKRIt is moving in a descending channel, which can have a growth up to the range of the ceiling of the 1996-2000 dollar channel and then continue the correction up to the range of 1940. Therefore, within the specified range, you can enter a sell position with confirmation.Shortby alikzeUpdated 5
MKRUSDT # 001 ( 2ND cycle Bullish rally to 6500 $ ) Hello dear traders. Good days . First Weekly Gann Square finished and 2nd cycle of Gann Square is started . first Gann Arc resistance is broken and @ exact reversal Time zone , MKRUSDT get support from lower Gann Fan line to start 3rd Elliot wave and expected to hit 0.5 Gann box fib level ( 3565 $ ) . It can go test 0.618 Gan box Fib level around 4495 $ . In detail chart will update. Chart updated and route plotted with help of Gann Square and Gann Box. Good luck and safe trades. Thanks for your support and commentsLongby SHAlaviUpdated 13
MKRUSDTIn my opinion, we can make a correction to $1,673 and from that point continue our upward trend up to $4,000 and $4,200.Longby matrading19821
#MKRAccording to the previous analysis and the final touch target, it is moving in a descending channel in the 30-minute period, which can be entered into a sell position in the red box area in case of a negative reaction until the green box. And in the continuation of that, if in the box of Sabzer Neg, which is the golden zone of the last wave, it has an upward step until its previous supply zone.by alikze1
#MKRCurrently, it is placed in the important resistance area, which after the failure of the supply area, if a pullback hits the specified area, it can enter a buy position to continue the upward trend up to the specified areas, which are its daily and weekly higher time areas.by alikzeUpdated 5
It's Time For The Retest➔ MKR is exhibiting a bullish trend in its weekly timeframe, consistently positioned within an ascending channel. The recent pattern shows three consecutive bullish candlestick closures, indicating a strong upward momentum. Presently, MKR is trading at the top of this ascending channel. While a retest of the specified support zone could occur in the near future, the overarching long-term trend for MKR remains positively upward, suggesting sustained bullish sentiment. This analysis is informational, not financial advice.by MonoCoinSignal5
MKR short idea hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Shortby bullstraders72
MKR is bullishExamining the MKR waves, we found that the MKR is inside a diametric that now looks set to complete the E wave. Now it is inside a resistance zone, by crossing this resistance it can move much better towards the target. I also marked the nearby DEMAND on the chartLongby behdarkUpdated 2218
MKR InteligentAsset#MKR Currently rejected by a rising trendline at 1870 Bullish scenario A breakout of 1870 could lead to resistance at 2180 Bearish scenario Support in 1644by IntelligentAsset4
MKR Signals Green: Buy Now, Thank Me Later!"**MRK Coin** **Short Fundamental** Maker (MKR) is the native token of the MakerDAO system, a decentralized autonomous organization (DAO) that issues the stablecoin DAI. MKR holders are responsible for maintaining the stability of the DAI peg and can earn rewards by bidding on auctions to create or remove DAI. **Recent News** * On December 30, 2023, MakerDAO approved a proposal to increase the minimum collateralization ratio for DAI from 150% to 180%. This change is aimed at reducing the risk of instability in the DAI price. * On December 27, 2023, MakerDAO announced that it is working on a new governance model that will give MKR holders more control over the system. This new model is expected to be implemented in the first quarter of 2024. **Disclaimer** This information is not financial advice. Please do your own research before investing in any cryptocurrency.Longby MoonTradingForecast12