💡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
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MKRUSDT.PS trade ideas
💡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 ❤️
MKRUSDT - SETUPMKRUSDT price shown some good momentum with strong volume. As we can see once the harmonic pattern formation is completed bulls react aggressively and pull the price upward sharply. In the meanwhile, they crossed the trendline hurdle and retested it yesterday. So we are expecting bulls can chase 2700 with this momentum. Buy on Dips will be a good strategy as the price may correct itself a little.
MKR attempt to break through the resistanceMKR rebounded from support at $ 1,692 and is currently at $ 1,767. We are currently at -72% of the price of our ATH. The trend lines show the continuation of the downtrend. If the market sentiment changes and there is renewed interest in MKR, we can break the current resistance and attack the price of $ 1,870. However, the next resistances are $ 1,949 and $ 2,023.
MKR - Massive triangle and Head & ShoulderThe analysis is showing
A massive descending triangle breakout and retest
Head and Shoulder pattern breakout and retest the neckline
An unused order block around 1400 to 1100
Action Plan
First we ride the short trade to the weekly zone and keep moving the stop loss
We can start long from the order block and go as per take profits given
Maker MKRUSDT - Head and Shoulders + Descending triangle- MKR is forming an head and shoulders - bearish pattern on the daily chart.
- On the weekly chart, we can spot also a huge descending / symmetrical triangle.
- The situation is not looking good for MKR at this moment as bears want the price to go lower.
- I think below 2100 are lots of stop losses and stop market orders are waiting to be triggered.
$MKR DOUBLE BOTTOM After the last drop, many altcoins seem to form a double bottom pattern in the DAILY time frame and $MKR is one of them. In addition, positive divergence is also observed in the RSI. With the breakdown of the neck, which is the first red line, the $3100 and $3350 levels will be the target. The trade should be stoped with closes below the green zone.
Son düşüşten sonra bir çok altcoinde, GÜNLÜK zaman diliminde ikili dip yapısı oluşmaya müsait gözüküyor. $MKR da bunlardan bir tanesi. Ayrıca RSI da pozitif uyumsuzluk da gözlemlenmekte. İlk kırmızı çizgi olan boyun bölgesinin kırılımı ile $3100 ve $3350 seviyeleri hedef olacaktır. Yeşil bölge altında kapanışlarla işlem kapatılmalıdır.
The Money MAKERMKR saw a huge rise in May 2021 followed by a sharp fall due to the market conditions at the time. Ever since, it has failed to get close to making a new ATH. It is currently trading just above one of its long-term support lines and will be testing its long-term resistance (black line) over the coming days. The volume being traded is low so MKR will only break through the resistance if there is good momentum. Until then I believe it will hold above its support and continue to trade close to it.
In the event that there is enough volume to break the resistance, a strong bullish wave may form with potential mid to long-term targets marked on the chart.
Please note that this is not financial advice and I am not a financial advisor. All ideas are for educational purposes only :)
Please feel free to comment with your thoughts and ideas!
Will MKR Coin Price Hit $2000 Before A Rebound?The weekly technical chart of the Maker hints towards a consolidated move in the asset price for the future. On coming to the daily chart, the asset has seen a breakout to the lower levels and may see the continuation. The upside move of the Maker may face a setback near $2600. The downside trend of the coin may see a bounceback near $2100. If the asset currently moves further below of more than 15 to 20% then a strong downside move can be observed.
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