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MKRUST 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.
Long
by Richtv_official
2
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
Long
by Coindatahouse
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.
by MonoCoinSignal
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
Long
by ZEUS_Market_Alerts
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.
Long
by MyCryptoParadise_Simon
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.
by cryptodailyuk
✴️ 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.
Long
by MasterAnanda
2
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.
by Sypool
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.
Long
by altFINS
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!
Long
by MyCryptoParadise
MKR MAJOR RESISTANCE TEST?We now see that Maker has made it's move up near the old and major resistance around 1575 area (which you can look back to on both daily or weekly chart, around january 2021 and may 2022). With such a strong resistance, and high volitality BTC, I have three possible scenarios in mind (as shown on chart): 1. MKR tests resistance, manages to break out. If this happens and MKR holds, we may see prices try to get comfortable around 1675, 1775 area, or even up to 1900 (but don't hope). 2. MKR tests resistance, fails. This means we see price go up to 1575 area or even up to 1650 area but doesn't hold it and pulls back similar to second-last candle currently on chart. 3. MKR falls weak and breaks support. As Maker is lingering above current support, it is also probable that we may see a test of support and possible breakage, which could be a lot worse than the possible bull run (up to 400 poins down, but 200 points is more likely) How do we know which one will follow trough? We take context into account and we manage risk accordingly. MKR's movement greatly depends on BTC. Since recent BTC bullrun was mostly unexpected, hype-driven and fake-news-driven, we must take into account the weakness of that price action, and the possibility of a pullback. If the economic environment doesn't favor, BTC can't make any major moves (like 50k run). Since economy is NOT favorable (see bonds, dollar index and S&P), BTC's potential for longs is limited. Still, momentum is momentum, and currently it looks bullish, so, anything could happen. We must see it trough and adapt accordingly. So what do we need to place a position? A move on Bitcoin or a signal on MKR. A bullish pinbar maybe. An inside bar somewhere in the week maybe. Some news maybe. Something needs to happen to confirm one position or another, and even then, we must evaluate risk and take into account that markets are EFFICIENT, which means they are RANDOM and you cannot predict anything with 100% accuracy. You can only analyze the information the market gives and evaluate risk and positions according to it, minimizing the losses. Thank you for reading. Hope my insight was helpful!
by MatosPoljca