$MKRUSDT, POTENTIAL 6% GAIN, SHORTINGBreak down from Gann Box and 100ma, Potential 5% gain with 1:3 Risk Reward Ratio.
MKRUST trade ideas
Mkr Approaching Towards Crucial Resistance Seems Like Mkr has already Bottomed Out
So far consolidating In More Then Year Old Descending channel ( Keep In Mind The More It Will Consolidate The Higher Chances Will Be For breakout)
Now approaching towards Major Trendline Incase Of breakout Expecting 280 To 300% bulish Move
wait patiently for breakout for entry
MKR to 1000+ when eth makes its next big move.As you can see on the chart (daily TF)
MKR has had a nice move off the bottom and Accumulation Distrubition looks very bullish.
DAI is as strong as ever.
RSI has respected 50 line and looking to bounce with a nice looking candle pattern.
Pullback before possible 1k pop will be 640-650 range.
Goodluck all
I am in a VERY LIGHT leveraged trade Entry @ 671.30 with no limit orders in my mind. I think this is a good price for a nice 50% gain in the coming days / monday tuesday next week.
MKR: Resistance BreakoutMaker (MKR) technical analysis:
Trade setup : Price cleared the 200-day moving average and finally broke above $800 resistance after several attempts. Trends are improving and price made a Higher High. Upside potential to $1,000-$1,100 next. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $600 – $700 (previous resistance), then $500. The nearest Resistance Zone is $800, which it broke, then $1000 – $1100.
MKRUSDTAn obvious falling wedge pattern for MKRUSDT is forming. The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
MKRUSDT💰 #MKR/USDT is cup & handling below 800$ key zone👀
Bull case if we break through the confluence of 800$ key zone + EMA 200📈
MKR closed above 200 day MAwe closed above the 200 today and to follow that up golden cross incoming
target #1 810
target #2 1100
MKRUSDT | FALLING WEDGE BREAKOUT...MKRUSDT has been trading with in a falling wedge .
The price has been converging within a wedge .
Now the price has broken above the upper side the wedge
The same zone is also a breakout zone.
The bulls need to hold the support zone .
Manage your trade accordingly.
MKR Price Prediction MKR Break 0.618 Fib Level With Good Volume As You Can See In Pic.
If BTC Take Good Move Then May Be MKR Touch 850 TO 900 Price Levels.
MKRUSDT is loading a breakout?MKRUSDT recently experienced a false breakout from the daily resistance level, which is a key level that often represents a point of strong supply and demand. When the price breaks through this level, it can indicate a significant shift in market sentiment and a potential change in trend direction.
However, in this case, the breakout turned out to be false and the price is currently inside a descending channel. The market will need to create a new breakout from the static resistance level at around $760 for any long continuation to occur. This level is another key area of support and resistance and is a crucial level to monitor as it can indicate the direction of future price movement.
If the price breaks above this resistance level, we can apply Plancton's Strategies, a set of guidelines for identifying potential market movements, to help guide our decision-making and potentially open a new long position.
According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Buying pressure has eased significantly over the past two monthsMKR has maintained its bullish trend over the past few weeks, but its buying pressure has eased significantly over the past two months.
Therefore, the momentum of the Maker trend is still bullish, and considering that in the 4-hour time frame the price trend is still in the range, as long as the support of the $650-$672 range is maintained, we can expect a further increase in the price in the medium term.
Also, the price trend in the 4-hour period is between the two resistance support levels specified in the range.
The resistance of this channel is considered in the range of 798 to 940 dollars.
Due to the presence of many minor support levels, we expect the trend to remain within a large range.
But in general, by breaking each of the levels, the next specified ranges are used as short-term goals.
These levels are the most important ranges of supply and demand. Therefore, if the price hits these ranges, we expect a price reaction. In this week and if the market conditions remain favorable, the direction of movement can be towards higher resistances.
$MKR recon this carries on up not in this trade but just trying to stay in tune with which narrative is in play :)
may hop on if it dips to yellow line
$MKRUSDT: MakerDao bullish above 693First bullish reversal in a long time since the protocol was down 92% ish from the top. Interesting signal here...
Best of luck!
Cheers,
Ivan Labrie.
MKR\USDT Continued growth is possible📈After the impulse breakdown of the upper boundary of the Downtrend channel, the price is testing the same boundary, good point to enter long.
MKRUSDT is creating a huge pennantMKRUSDT is currently forming a pennant pattern.
A pennant is a technical chart pattern that resembles a symmetrical triangle and is considered a continuation pattern. It forms when price consolidates after a sharp price movement and usually indicates a pause in momentum before the trend resumes in the same direction as before. Traders often look for a breakout from the pennant in the direction of the previous trend, confirming the continuation of the trend. However, the formation of a pennant is not a guarantee of a successful trade and requires careful analysis in conjunction with other indicators and market conditions.
Within this pattern, the price broke out from a descending channel, which is a bearish trend characterized by lower lows and lower highs.
The market is now testing a static resistance and support level.
We are waiting for a breakout from the pennant and key level, a retest, and a new bullish impulse, following Plancton's Rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
MKR : BuyMy Idea:
In my opinion, according to the three time frames, daily, weekly and monthly MKR is bullish.
MKR TP ==>> 1000 $
MKR SL ==>> 600 $
Mkr On Verge Of massive Breakout Testing Major Trendline In daily Timeframe
while Rsi Printed Massive Bulish divergence
Incase Of breakout Expecting 120 to 130% bulish move
Makerdao facing a tough timeMakerdao has been rejected multiple times. There for I'm bearisch in the short term, even with the retest of support, the resistance is just to big for the little bit of demand there is...
MKR | FALLING WEDGE BROKENMKR has been trading with in a falling wedge .
The price has been converging within a wedge .
Now the price has broken above the upper side the wedge
The bulls need to hold the horizontal support support zone .
Manage your trades accordingly.
Makerdao stoploss at 625.2Makerdao needs to break above 697.7 to continue a bullish trend .
Stoploss your profits at 625.2.
