MKR, blocked at $1000.The following content is machine translation:
In the 4-hour chart, it is going up along the trend line. Today’s highest level is around 1000 and it is blocked and retreated. The lower support is the rising trend line.
The indicator macd has a bullish trend, and the fast and slow lines are running above the zero axis. At present, the bullish energy column is shrinking, and there is a step back. The RSI indicator turned its head down near the overbought level.
In terms of operation, the current 1000 is blocked and falling back, and you can short-term, take profit near the rising trend line, effectively break the 1000 stop loss, or go long near the rising trend line, effectively fall below the rising trend line and stop loss, look at the vicinity of 1000.
MKRUSDT.PS trade ideas
MKRUSDT head and shouldersThe price is testing the 4h support on 880$ after a new bullish impulse where the market retest the daily area resistance at 1120$
Now the price lost the recent daily support n 955$ and the price is creating an head and shoulders pattern where the neckline is the 4h support
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
MKR, hindered and stepped back to the front support.The following are machine translations:
In the 4-hour chart, this rebound was recently blocked at 1100, and it was blocked and stepped back at 1100 twice, both of which were supported near 1000. At present, 1100 was blocked and stepped back at 1000, which is much shorter.
The fast and slow line of the indicator macd runs downward at the opening above the zero axis. The RSI indicator is above the neutral 50, and the callback is limited if it does not break 50.
In terms of operation, go long near the strong support of 1000, stop at 992, pay attention to the resistance of 1100, break through more, not break empty.
Maker (MKR) formed big bullish Gartley for upto 665% huge pumpHi dear friends, hope you are well and welcome to the new trade setup of Maker ( MKR ) token.
On a monthly time frame , the price line of MKR has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Maker.USd (Y22.P3.E1).Target reachedHi Traders,
Hope all is well with you.
If you have been watching my posts, you know I made the right calls on a few charts of recent, especially on the macro level.
I'm still interested for shorts and BTC still looks weak so 18 to 19k is more likely to happen.
The 200 W SMA is holding it but it wont last if the FED announces a 75 point increase.
Don't catch a falling knife.
BTC dominance is dropping so the ALTs would rally and hence at the right time, we can find a good short entry.
Maker was one I was looking amongst many so might as well post it.
All the best,
S.SAri
MKRUSDT is going to retest the supportThe price bounced from 1000$ after UST disaster. Maker Dao bounds with DAI stable coin.
the price got a rejection from 1700$ where the market created the daily resistance and supply zone. The price got the new liquidity to create a new bearish impulse
How to approach?
ID the price is coming to lose the support on 1440$ and retest as new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
MKR - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
MKR is overall bearish trading inside our orange channel. For the bulls to take over from a long-term perspective, we need a break above the upper orange trendline and 2000 resistance zone in blue.
Meanwhile, since we are approaching a demand zone and round number 1000, we will be looking for buy setups on lower timeframes.
H1: Right Chart
MKR is forming a channel in red but the upper trendline 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 can still trade lower inside the demand zone in green. In this case, we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Maker , Long.....Strong buyBitcoin experience another bearish moment when the bears step in and push the market down to as long as $28,000
And on another, maker has also moved from a resistance to hold a support at 1100.
The bulls step in and buy orders filled up quickly where our support zone held after the retest..
a zig indicator was used and the upper trend lines gave me a clear buy entry position..
My take profit was set at 1425
MKRUSDT market structure through Support and Resistance levels1. MKRUSDT trading pair is in a global downward price channel.
2. The violet zone is the price area where the most amount of volume was traded.
Through identification of areas of support and resistance, we identify areas in the market which will form barriers to the trading timeframe trend. We`ve defined our battlefield. Price then moves within the framework defined by these levels, back and forth between levels of support and resistance, based on the decision making of traders.
MKR, no.1 TVL looks niceMKR just gained lots of in flow after the crash of UST and it is looking very good both in term of TVL dominance on ETH and price action chart.
1. 1000 USD is a solid support here if you want to buy or go long for a swing trade it is a good SL point.
2. MKR is no.1 TVL in couple of TOTALDEFI chart both seems to confirm with a confluence here. MKR STORSI/RSI seems to complete while TOTALDEFI shows an exhaustion gap and a rejection at fib 0.78.
3. If MKR can still function nicely without a problem of DAI peg dislocation, it might be the first in DEFI in recovery from the Bearish trend.
MKR, the fairy guides the way.The following are machine translations:
On the daily line, this big drop stopped at around 1000, and then the yang covered the yin, and then there was a sharp rise and fall, leaving a long upper shadow line. At present, it is going above the long upper shadow line in the past two days, and the fairy is pointing the way. , the operation fell back to do more, the top target near 1900-2000.