MKRUSDT trade ideas
MKRUSDT : Long Position, Support-Resistance Flip, and Targets!🚀A trade analysis for Maker (MKRUSDT) indicates a long position with key levels, including stop and take profit, based on the concept of flipping resistance into support.
Key Trade Details:
Long Position: Initiating a long position on MKRUSDT.
Stop Level: The stop is set at $1,214, serving as a risk management measure.
Take Profit (TP): The take profit target is identified at $2,070.
Support-Resistance Flip: The trade is based on flipping resistance into support, with the mid-range becoming the new support level.
Targeting Range Highs: The concept is to target range highs as the price establishes new support levels.
MKR USDT LONG SWING | MKRUSDT | LONG @ 1400 - 1450 | TP @ 1460, 1470, 1480, 1490, 1500 | SL @ 1250 | PATTERN = DOUBLE TOP BREAKOUT | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:MKRUSDT BINANCE:MKRUSDT.P BYBIT:MKRUSDT.P OKX:MKRUSDT.P MEXC:MKRUSDT.P COINBASE:MKRUSD
Potential Decline in Supply ZoneMKR is currently in a supply zone, a level it has reached before, leading to a halt in price increase and a subsequent downward trend. It has established a demand zone, indicating potential for upward price movement.
However, with MKR at the supply zone again, there's a risk of another downward shift. The asset is following an upward trend line, but a break below this trend could trigger a fall towards further demand areas.
This analysis is for informational purposes only and should not be considered as financial advice.
MKR ANALYSIS💥💥#MKR Analysis 🚀🚀
🔮#MKR is following a rounding bottom pattern for a long time and the price reached near neckline. We can see a good breakout in #MKR and if it closes above the neckline then we will see a bullish move.💸💸
👀Current Price: $1467
🚀 Target Price: $2234
⚡️What to do ?
👀Keep an eye on #MKR price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#MKR #Cryptocurrency #TechnicalAnalysis #DYOR
MKR Ready for an Explosive Bull Run? 🚀👀 MKR Analysis💎 Yello, Paradisers! gear up for an exciting trading opportunity with MKRUSDT. It's recently broken out of a descending channel, suggesting a potential move towards an upward trend.
💎 MKR has consistently followed a descending channel pattern. With its recent break above this channel, it's likely to move towards a resistance level before potentially retracting, adhering to its established pattern.
💎 There's a considerable chance of a bullish trend starting from the support level around $1400. MKR is now poised to target resistance levels in the vicinity of $1460.
💎 Timing is crucial for sharp Paradisers. Carefully determining the most favorable entry points during this upward move is essential. It's advisable to avoid entering at the peak of the trend.
💎 Exercise caution, as there's a risk of MKR falling below the $1380 support level. A drop below this key point could put the continuation of the upward trend in doubt.
MKR/USDT 4HInterval ChartHello everyone, I invite you to review the MKR chart on a four-hour interval. Let's start with the blue lines marking the upward trend channel, in which the price has locally entered a falling triangle formation, but currently we can see an attempt to exit the ongoing triangle at the top and an attempt to return to the previously prevailing upward channel.
When we unfold the Fib Retracement grid, we can see that the recent price decline was maintained by a strong support zone from $1,236 to $1,124, but now the price has returned higher, above the visible support at $1,396.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price is currently fighting the resistance at $1,451, only when it breaks above it will it move again towards the strong resistance zone at $1,566 to $1,654.
The CHOP index indicates that there is more and more energy for the move, the RSI indicator is growing again after a slight recovery, while the STOCH indicator exceeds the upper limit, which may slow down the current upward movement or result in a new rebound.
Taking off for flightWe had previously talked about the MKR currency on the channel and analyzed it. The possibility of an 80% growth was said for this currency, but there was a condition that it can almost be said that it has now been reached, so there is a possibility of growth for this currency.
Consolidation at 1417 could be a good entry.
And of course, it is a starting point for the analysis we have already done
✴️ Maker Higher (55% To 75% Next Target | $2,191)Some Altcoins are making it pretty clear that the bear market is over, that Cryptocurrency is moving within a bullish wave and the fact that more growth is possible now; This bullish wave has more to give.
Maker (MKRUSDT) broke all patterns, while it hit a major low in June 2023, the action that followed this low is 100% bullish. No retraces, no corrections just straight up and this week Maker is at it again, full green.
Speaking of the charts technicals, the main point to consider is a long-term higher low.
A bottom low was hit late 2020, a higher low confirmed December 2022 and June 2023 the final drop before the current situation.
This week Maker is aiming for 1,727 as the next target, it is trading higher than last week and it seems a 3 weeks retrace period has ended. A higher high can push prices even higher towards 2,191.
At this point everything might stop but if the excitement is strong, if the news are really good, if many new players join to participate in the Cryptocurrency market, then even higher is possible with 2,477/2,654 being this wave final price resistance range.
The timing would be between now and January or whenever the Bitcoin Spot ETF is announced.
While a major correction is expect after this wave peaks it is not the end, this correction will lead towards an even stronger higher low, compared to June 2023 and then a new All-Time High in the ensuing bullish phase.
It doesn't matter how far up it goes now nor how long it takes, we are set to see bullish, be bullish and grow in 2024; Long-term growth for all the major Cryptocurrency trading pairs.
It will be a year for the record books, we will have Banks, Crypto, Cash, Credit & Gold working all together... The world continues to evolve and change.
Join the evolution. Free money will allow for tons of innovation just like it happened with the launch of the Internet and the World Wide Web. We are living in great times. Live is good!
Namaste.
Bitxer's Long Play: MKR/USDT - Ride the Upside Wave! 🌊💹📈 **Bitxer's Free Trading Signal Alert!** 🚨
**Symbol: MKR/USDT**
**Position: Long**
🎯 **Best Entry Point:** 1319 (Entry before also viable)
🚀 **Targets:**
1. 1319
2. 1342
3. 1363
4. 1376
5. 1406
⛔ **Stop Loss:** 1279
💼 **Trade Tips:**
- Utilize low leverage and keep wallet size conservative.
- Enjoy this free signal and service from Bitxer.
Happy trading, Bitxer! 🌐💹💰
Brief Analysis——MKR(Recap)BTC rose above 36000 and many Altcoins started pumping again. We analyzed MKR in the early stages of this rally. But MKR bulls appear to be fading as other Altcoin gains. Today we take a look at what happened to MKR from the project level and indicator level.
For the project MakerDAO, in 2020, it has started the business of RWA(real world assets). And when U.S. bond yields rose sharply in the middle of 2023, its scale of RWA business was expanded. Becoming the leader in the RWA field has attracted more liquidity to pursue the risk-free rate of U.S. bonds.
From a project level, if U.S. bond yields can continue to rise or stabilize at a certain level, MakerDAO's RWA can provide a better asset portfolio for the cryptoers. But what is different from before is that as the interest rate hike gradually comes to an end, the yield on U.S. bond yields has dropped very significantly within this week.
We can see this in the chart above. Under such circumstances, the liquidity obtained previously will flow to places with higher returns. What's more, the market is now driven up by BTC again, and liquidity will flow into exchanges to participate in transactions. This is very detrimental to MakerDAO’s RWA.
Come back to our TA. Following our last brief analysis, MKR unsurprisingly moved higher near its highs again. However, judging from the WTA indicator, the blue column representing the whale does not appear when the price rises, but is accompanied by a fall. The gains were quickly retracted by the red candle. This is completely different from the previous performance and illustrates the exhaustion of the bulls. The decline then continued and the price returned below the red line.
Switch to level 4h. The ME indicator shows that at this level, MKR has turned bearish. We mark the locations of recent whale sightings with two yellow intervals. The first whales can be seen appearing in the upswing, both as blue bars and as green candles, which are short in length. It's more like a tentative dip after the price fell below the low. The second appearance of the whale was accompanied by a decline. All in all, at this level, the whale's performance also reflects bullish fading.
To sum up, the probability of MKR's long position has weakened. Although this does not mean a decline, it is already difficult to return to the high point.
MKRUSDTMKRUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 1400 region.
Will the bulls take charge again continue for leg higher?
DAY TRADE 020!! *50 Followers milestoneBYBIT:MKRUSDT.P
Goodmorning guys, today we have our 20th trade live and on the internet but another little milestone was 50 followers so i just wanted to take the time to say thank you to everyone who keeps following my journey it is amazing!
Mkrusdt sent my alert to me through the night and im now up at 5AM to capatalize on that... nice candle looking to be forming on the 4HR timeframe lets see if i can catch the pullback!
5:1 thanks guys
MKR: Double TopMaker (MKR) technical analysis:
Trade setup : A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. However, after getting rejected 2x at $1,600 resistance zone (Double Top pattern?) , price has pulled back and broken below $1,350 support, which makes us cautious. We wait to see where this pullback stabilizes. The next support area is $1,000-$1,100. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1,350, which it broke, then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
MKR/USDT bullish horizons? 👀 🚀 MAKER Today analysis💎Paradisers, turn your attention to MKRUSDT! We've observed its compelling trajectory as it navigates within a demand zone, hinting at a high probability of a bullish trajectory.
💎 In recent developments, MKRUSDT managed to surge past its descending channel, charting an upward course. Currently positioned in a demand zone, the odds are favoring a bullish shift.
💎 However, if the asset struggles to maintain its upward momentum and breaches the demand zone, it's likely to seek bullish support either from a robust support level or upon retesting the boundaries of the previously broken descending channel.
💎 The VRVP data, showcasing significant volume, further bolsters the bullish sentiment. The primary expectation is for MKRUSDT to challenge the 1652 supply zone.
💎 A minor resistance is anticipated there, but surpassing this level could amplify the chances of targeting higher resistances. Stay vigilant and strategize wisely!