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MKRUSD

MKRUSD The striking similarities with Bitcoin's 2018 Cycle.This is a remarkable resemblance between Maker's (MKRUSD) price action since the May 2021 High with Bitcoin's (BTCUSD) Bear Cycle of 2018. I've mentioned numerous times that the crypto market's price action in the past +12 months can be viewed as a smooth (for crypto standards) Bear Cycle as a whole. As for Maker's 2021/22 price action we see that it shares striking characteristics with Bitcoin's 2018 Cycle: * The rebound after the initial crash that followed the Market Top, reached as high as the 0.618 Fibonacci retracement level. * After that, both Cycles started a gradual decline under a Lower Highs trend-line. * That eventually led to a capitulation sell-off , where Maker is at today and where Bitcoin formed its December 2018 bottom and then started to slowly recover into the new Bull Cycle. * That capitulation sell-off is similar in both cases (-58% for Maker and -52% for Bitcoin). * Bitcoin made the Cycle bottom on the -0.5 Fibonacci extension (measured from the initial crash's low). Maker's -0.5 Fib ext is around 935.00, not far from today's 1030 low. * Bitcoin's 2018 Bear Cycle from top to bottom lasted for exactly 1 year. Maker completes 372 days today from its May 2021 High. What do you make of all those striking similarities? Has Maker bottomed or is it about to and gradually start a new Bull Cycle? Why do you think it has copied so closely Bitcoin's 2018 Cycle after all? Let me know in the comments section below. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:MKRUSD
by TradingShot
4
MKRUSDT, Supported in the exact areaHello guys Whats up ? Do you know what is it DAO ? Do you know anything about MakerDao ? MKR is one of the most powerful project, powerful guys its future ... If you want to learn fundamental & technical analysis send us messages ---> Our id is in profile According to the chart and previous analysis, we expect the price can drop and support in our support zone area colorful box, and until now the trend of the market is downward but if it can break the key point level the trend can change to upward. Everything is shown on chart and there is no need to explain more . Good Luck Guys Abtin Previous analysis :
by Abtin00
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (2087). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MKRUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 2331 TP2= @ 2523 TP3= @ 2762 TP4= @ 2873 TP5= @ 3194 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
2
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (2087). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MKRUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 2331 TP2= @ 2523 TP3= @ 2762 TP4= @ 2873 TP5= @ 3194 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
ALERT \\ MKR as a metric for the aggregate crypto BEAR cycle!Here is a chart with my prediction of local bottoms and tops if we happen to be in a bear market over 2 years. I chose COINBASE:MKRUSD as my metric because its current price action resembles the empirical price data from the former bear trend. I'm not saying this prediction is certain, however this chart seems to be in a similar pattern. I have been successful in spotting COINBASE:BTCUSD bottoms and long-term "ghost patterns" in the last 2018 Bitcoin bear market.
COINBASE:MKRUSD
by BLOXTOPS
MKR - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. MKR is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: MKR is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MKR would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
MKRUSDT, Its time to buy one stepHello everybody Maker is one the most powerful project that is working on crypto and DAO base According to the chart you can see , after the price broke the trendline with the breakwave the price need to have correction and we shwon on chart the 2 important support zone area . The price impacted to the first support zone area and we expect the price to move upwards and re-test again the top of the breakwave and ... And we have key point level, until the key point is not break down and consolidation below the key point the potential to move upwards we have and expect it. Good Luck Abtin
Long
by Abtin00
MKRUSDT, Its time to buy one stepHello everybody Maker is one the most powerful project that is working on crypto and DAO base According to the chart you can see , after the price broke the trendline with the breakwave the price need to have correction and we shwon on chart the 2 important support zone area . The price impacted to the first support zone area and we expect the price to move upwards and re-test again the top of the breakwave and ... And we have key point level, until the key point is not break down and consolidation below the key point the potential to move upwards we have and expect it. Good Luck Abtin
Long
by Abtin00