MKR - LongMKR is at very strong support....great buying opportunity.
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30 days forecast.
Disclaimer: Take trades at your own risk.
MKRUSD trade ideas
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.
MKR/USD DailyI like how the bollinger bands squeezing. The moving averages are coiling up. All eyes on BTC.
Still Looking GoodCoiling - range bound for 20 days. 200 period moving average is trending up which is bullish.
MKRUSD AnalysisAn 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
MAKER: 100%Hello Traders and Investors,
MKRUSD is showing a very bullish setup. It broke above a resistance and is forming a new major support. If this continues to hold, a big move towards ATH will be very likely. This move will be a 100% gain, even more if entry is right on the major support.
Best
MKR BullMKR confirmed its breakout of consolidation yday
With divergence in both RSI and MACD we should expect this one to head back toward ATH
Target 6415
$MKR Wedge Breakout and Backtest$MKR has officially backtested the break out of the falling wedge consolidation here. This is a daily play and may take some time, but i do think mkr will have its day. Low risk, stop can be adjusted on a smaller time scale to taste, but 3:1 is easy to do here.
Tide is Changing at This MomentStarting to get the momentum we are all waiting for. 4000 and 5000 are the key levels to take some profits and ride the remaining above 6000-7000. Good luck.
MKR Backtested the BO with MACD just going positiveMKR Backtested the BO with MACD just going positive. Bump and Run. Good R/R. Do your own DD.
MKRUSD TOKENThere is much momentum going on at the moment. Things are looking very positive with the momentum trading.
#MKRUSD (Watchlist) 10/21#MKR maybe worth it to add this coin to your Watchlist. 👀
add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
Ps:
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MKR: Time to meet your MAKER upstairs My thoughts on the current state of the crypto market is bullish as BTC keeps on reclaiming at 60K. All breaks below 60K have been bought up rapidly, leading me to my bullish case for MKR. MKR is at a great risk to reward ratio. it has currently been consolidating between a 2650 and 2250 channel for an entire month, a possible accumulation phase. We have had a double bottom with an extremely bullish MACD divergence on the daily. Proposed trade stop loss is at 2100 with a safe profit taking target at 3650 (if you chose to take profits). An approximate and respectable 3:1 gain. But with the current hype being built around the end of the year bull crypto run, this can definitely go higher.
Trade safe and remember the market does not care about you!
Potential Breakout.Not too sure on future counts as to what larger degree we're in due to lack of data > but over time it will become more obvious, As for the correction on this it may be over but also not sure on that however the easy play is to probably just long the trendline break and assume we're going up for some time and making new highs.
MAKERUSD FORECASTHere I forecasted an uptrend for Maker/USD. We may experience an uptrend of price break above the second resistance. Tell me what you think about this wonderful pair
Cheap MKR OpThis looks like a decent H&S play into a possible consolidation into demand. I’d check on this coin in Q2 2022.
MKR/USD LONG TO $6,000 (MakerDAO)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
MAKER Decision Time!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
Pull Back Fishing Bull FlagMKR is forming a flag. It appears to be a bull flag as the pole is a steep climb to the upside.
Never the less, it can break to the downside. A flag is a consolidation, or a pull back pattern and can go either way. A break of the top trendline with an uptrend is a signal to go long.
I am in this long term a long with a few other coins. But still happy to see the flag (o:
If the 50 SMA (orange) crosses up through the 200 (red) that would be a golden cross and is a signal that an uptrend may start up. It is not there yet though but the 50 is sloping up as is the 200. Again the 100 (yellow) not looking so hot but the 20 (blue) looks great.
I am like almost over the stock market this week! LOL The media has been a bit negative on coins, speaking of new regulations etc. When the talking heads start downing something for a bit, I like to take a look.
Negative volume is not so great on MKR. Perhaps it will pick up but something to be aware of.
No recommendation
