Maker holding support around the : $3,255, we had a weekly candle wick rejection at the price mark of "$4,055". This was the same rejection we had back in 2021, Aug.
Resistance at= $4,065
Target!= $5,280
extended 5th vave from 1100 near completion
short term target around 3K
extended 5th is completely retraced
maker the canary in crypto mine
NFA
y axis only
my target is District level 1 in the trend based fib extension
To better understand this big target, it is enough to take a look at the project roadmap
MKR perform a good bullish wave, and already at support level.
We can follow bullish wave from this point, and aim for 13% profit projection at $2224
Best stop level below support at 1849
Good luck,
Don't forget to support this analysis to get a quick notification if I found a new key level
The Defi-Ledgend Makerdao is obvious on the road to 4k the question remains how this will playout exactly. As shown in the chart there is very little weekly resistance, but perhaps playground enough to shake out a couple bears in the worst scenario. On the other hand, there is little bearish about Makerdao, I mean look at this beauty....
Target 2024 Q2-3 - 4000$
We last looked into Maker (MKRUSD) 4 months ago (see chart below) where we called for a buy that eventually hit our 1600 target:
This time we are making a sell call as the price hit the top of the 5-month Channel Up. Our target is just above the 0.618 Fibonacci retracement level at 1500, which has been the pull-back level of the last two medium-term...
Maker chart is interesting and odd at the same time. A rapid ascent followed by a slower correction that reached the bottom, making a big triangle form. MKR broke both the major and minor downtrend lines, and it seems posed for an upward impulse wave. Let's see what happens.
MKR has appreciated by 28% since December 19, yet it remains significantly below its ATH. Given BTC's stable performance and a lack of major negative market influences, MKR's growth prospects appear strong.
The current key resistance level for ASX:MKR is at $1633. Surpassing this could accelerate Maker's upward momentum, possibly leading to a new high near...
Maker's journey till now
The Maker token has been a stellar performer since its debut in 2017. Hitting the markets at ~$20, the initial listing sparked a year-long rally, soaring to ~$1,750, delivering an astounding 8000% return on investment!
After reaching its peak in Jan '18, Maker underwent a necessary correction lasting two and a half years until Mar '20...
Maker exhibits a continuing upward trend, moving fluidly with occasional technical corrections and brief pullbacks. Currently, Maker is nearing the resistance zone between $1,568 and $1,637, coinciding with the asset's yearly high.
The primary objective for MKR now is to maintain its growth trajectory. Should buyers manage to break through the aforementioned...
Examining the MKR waves, we found that the MKR is inside a diametric that now looks set to complete the E wave.
Now it is inside a resistance zone, by crossing this resistance it can move much better towards the target.
I also marked the nearby DEMAND on the chart
"This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and...
The maker coin is showing bullish divergence in 2 hours candle And the stable could coin is bouncing from 1280.00 Buying from the current level with the target around 1465 will give us 9% growth with 1:3.57 risk reward ratio. The desirable SL will be 1310.00
Hello.
• The Final target of the Maker should be here or around 1410-1440$.
• We have a beautiful Elliot waves. 5 waves is soon finish.
• The retracement should be at 970 dollars. 0.5 FIB and the last big support of W formation.
Good luck.
