MKRUST trade ideas
#MKR long ideaHello dear Traders,
Here is my idea for #MKR
Price closed above yellow line (previous month high)
Price closed above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
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Mkr is getting Ready for shortas you can see we are in an uptrend channel in 4H actually seems it was a pullback to a broken pivot daily, and we are in a supply zone, if you are long it's better to save and risk-free position,
also, we have divergence in 4H and 1H, you can short in here with tight stop loss or you can wait to break dynamic support then short...
MKR Maker Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for MKR Maker is $660.
Looking forward to read your opinion about it.
#MKR reversal idea #cryptoHello dear Traders,
Here is my idea for #Maker
Price finds support at monthly pivot S1 line – we had the same scenario at the June S1 pivot line.
Daily inside bar has been formed and we will wait for a close above the yellow trigger line (875$) in the 4h chart to enter the trade.
Profit target 1422$ and stop 700$.
Risk Reward ratio 3.2
Please feel free to ask any question in comments. I will try to answer all! Thank you.
About #Maker
Rank 55 by marked cap
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.
Source: Maker price today, MKR to USD live, marketcap and chart | CoinMarketCap
About Pivot Lines
The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview.
If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2.
Source: Learn How To Use Monthly Pivot Analysis (forbes.com)
MKRUSD ❕ upward channelMKR is moving in a range within the upward channel.
The price has already made a false breakout of the lower boundary of the channel and is now trying to fix above it.
I expect that the price may continue to move within the uptrend channel after the final fixing. Further upward movement will depend on the price reaction to the nearest resistance level.
MKR/USDTMKR/USDT
Reverse head and shoulders!
Breaking the roof of the channel upwards!!
Interesting charts for me.
If the resistance of $1150 is broken, the price can increase up to $1500.
Let's not forget that Maker is one of the largest Dao and lender currencies.
#MKR #MKRUSDT #BTC #BTCUSD #LUNA #LUNC #UST
Harmonic PatternsHarmonic Patterns
we have so many kinds of “Harmonic Pattern”:
Black Swan
Bat
Crab
Butterfly
Gartly
White Swan
Shark
Zero_Five
Cypher
Double Top
Double Bottom
📚👌🏻 Each one of them has its unique Fibonacci levels.
⚡️ Do you want to know them?
😍 Happy to see what you find in the charts, please share yours with us