I was monitoring mkr for a few days ago and this is one of the best zone for a short but don't forget the market is unpredictable always use the stop
the maker situation for the next days is just a bullish bounce to the 55 periods ema to continue falling
as 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...
If Makerdao holds the 700$ mark, and break above 1k. I see a decent uptrent next upcoming months.
This support is crucial for Makerdao to continue the uptrent. This 750$ price goes whole the way back to 2018, it did not hold it there & leadet to a multi year bearmarket. If it breaks this year below 700$ another multi year bearmarket is guaranteed. They anyway nailed Makerdao to the ground from 6k, no words to discribe how insane this is. Project like YFII...
The volume of MKR/BTC almost died, look how it's almost flatlining... First time in decades i've seen such little of volume of Makerdao, let's asume this will not last long for the greatest Dao in the industry. Im buying more no doubt!
I know that title might sound a bit weird considering what we have just seen on the crypto boards in the last several days, but take a look at MKRUSD traders. We have a lower break rejection with short-term support. After this point was reinforced yesterday, we saw a 10% rally to close out Thursday. Today’s picture continues to look good, with a dominant trend...
MKR/USDT Entry Range: $1930 - 2130 Price Target 1: $2250 Price Target 2: $2510 Price Target 3: $2170 Stop Loss: $1900
MAKERDAO has been forming a huge descending triangle for weeks and months now. It looks like it could break to the upside. I wouldn't be surprised if it went past previous ATH.
Maker DAO bounced back on support and seems to be heading toward 50MA retest, let's give it a try. Current Price= 1850.9 Buy Entry= 1822.4 - 1733.4 Take Profit= 1994.5 | 2199.6 | 2494.3 Stop Loss= 1596.7 Risk/Reward= 1:1.2 | 1:2.33 | 1:3.95 Expected Profit= +24.36% | +47.44% | +80.58% Possible Loss= -20.38% Fib. Retracement= 0.382 | 0.559 | 0.786 Margin...
Hello everyone! There is a symmetrical triangle on MKRUSD. After a slight correction followed by a retest of a resistance, MakerDAO most likely will go upwards to test the upper edge of the triangle.
An idea for MKRUSD As you can see on the fib circle multiple supports have been claimed on the way up to the formation of this bullflag / symmetrical triangle Price is also supported strongly by this blue MA line, which has previously been a strong level of bullish rejection Arrows placed show the transition from the bears dominating to the bulls
A breakout then a pullback happened also Golden Cross is happening on Maker chart You guys can see the other information on chart.
Maker, the DAO for DAI stablecoin just broke above a key level. A sustained rally can take us higher, see level on the chart. This coin has strong fundamentals and has already rallied a lot this year. Indicators looks great, volume as well. Bullish bias. Like and follow if you liked my idea!
Hi im a novice trader and I just wanted to share my thoughts on $MKR. To me the daily chart looks like its ready to break through the upper resistance of a macro triangle. Breakout of this resistance will be confirmed by bullish MACD crossover along with divergence from PSAR consolidation. Nobody really talks about this coin so I thought I'd share.
Support: $2800.00/ $2700.00/ $2600.50/ $2400.50/$2080.50/$1820.00-$1780 Resistance: $3050.50/ $3185.00/ $3300.00/ $3500.00/ $3700.00/$4000.00/ $4350.00/$4500.00/ $5000.00/$5500.00/ $6000.00
important decision time for $MKR 1. either breaks out of the diagonal resistance and goes for ATH (most likely) 2. or it fails and goes to support