MKRUSDT.PS trade ideas
Maker shortMaker broke trough off the lower boundary of ascending channel. Asset broke trough the support level. Bearish movement to support level at 855 is expected to happen.
#MKR/USDT 4h (ByBit) Ascending wedge on resistanceMaker is up-trending for a month but printed 3 shooting stars in a row, looks likely to retrace down to 100EMA support.
⚡️⚡️ #MKR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%
Current Price:
1270.0
Entry Zone:
1285.0 - 1340.0
Take-Profit Targets:
1) 1186.0
2) 1091.0
3) 996.5
Stop Targets:
1) 1418.0
Published By: @Zblaba
CRYPTOCAP:MKR #MKRUSDT #Maker #DAO #DeFi
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.2% | +84.4% | +120.4%
Possible Loss= -40.2%
Estimated Gaintime= 1-2 weeks
makerdao.com
#MKRUSDT #LQR #TOBTC #LaqiraProtocolIn certain Levels, after confirming and matching with bitcoin levels, you can open a trade. Levels are obtained from the intersection of static and dynamic levels and Fib level This analysis is not an offer to buy or sell
$MKR, closed the long, now aiming for downside.ASX:MKR
Locked in a sweet 50%+ profit on the long side, then pivoted to short, all guided by the latest UCTS signal. 🔄
Time to see if we can catch the wave downward too. Just cruising with the signals! 🫡
MKR 4H Interval Chart ReviewHello everyone, I invite you to review the chart of MKR in pair to USDT, on the four-hour interval. As we can see, the price has left the bottom of the uptrend line.
After unfolding the trend based fib extension grid, we can see that the price is currently holding a small support zone from $ 1117 to $ 1086, while we still have support at $ 959, however, when we fall below this support, we can see a quick move to the support area at the price $704.
Looking the other way, we see that first there will be a resistance zone from $1192 to $1256, then we have a second zone from $1321 to $1414, and then a very strong resistance at $1531.
Please look at the CHOP index, which indicates that the energy in the current downward movement has been used, on the RSI we are moving at the lower limit of the range, but on the STOCH indicator you can see that a large movement on the indicator results in a small price movement, which may translate into deeper declines.
MKRUSDPrice created an N wave formation in correlation with the moving average which indicates bearish momentum.
MAKER DAO: Will It Get Exhausted Anytime Soon?Well, so far, based on my research, there is no fundamental evidence to back up the current price action on BINANCE:MKRUSDT
Obviously, the price action is driven by speculators.
I believe that BINANCE:MKRUSDT will aim at the next resistance level before any major pullback.
Watch out for $1500-1600 level on the chart.
If this analysis makes sense to you, follow me now and support my idea.
Also, I like to know what you think about the analysis.
Share your thought with me in the comment box.
MKR - need to rest for a whileHi guys hope you are doing fine. MKR tested the premium price its time for rest. I oppened big short position above 1340$. SL is 1400$. Im expecting at least 1100$ soon. Its overheated at all time frames. Do not fomo in for long. Watch for breakout above 1400$. Lets see. Regards!
MKR seems is ready for correctionThis coin has hit ma100, which is considered a very strong resistance, in the weekly time.
On the other hand, a five-wave structure has been completed in the daily time and the divergence between the third and fifth waves is quite evident, while the strength of the rising waves has also been detected.
**Cryptocurrency Trade Analysis - MKRUSDT**🚀 **Cryptocurrency Trade Analysis - MKRUSDT** 🚀
Hello fellow traders! 🌟 Let's delve into an insightful technical analysis of the MKRUSDT cryptocurrency pair on the 1-hour chart. This analysis is intended for educational purposes and sharing of ideas. Remember, trading involves risks, and this is not financial advice.
## **Chart Overview:**
- **Trend:** Bullish 🐂
- **Divergence:** No
- **Continuation Pattern:** Cup and Handle ☕👐
- **Breakout:** Awaited
## **Technical Analysis:**
MKRUSDT is showing a promising uptrend on the 1-hour chart, indicating potential bullish momentum. The absence of divergence in this trend emphasizes its robustness. Furthermore, a fascinating Cup and Handle pattern has emerged, hinting at a possible continuation of the bullish trajectory. As of now, we're awaiting the breakout from this pattern.
## **Trade Plan:**
- **Entry - Buy Stop:** 1261
- **Stop Loss:** 1235
- **Take Profit:** 1288
## **Trade Rationale:**
With the confirmed bullish trend, lack of divergence, and the formation of a Cup and Handle pattern, there's an intriguing chance to capitalize on the anticipated upward movement in the MKRUSDT pair.
## **Risk Management:**
Remember, risk management is paramount. The suggested stop loss at 1235 helps safeguard against potential losses in case the market takes an unexpected turn.
## **Trade Execution:**
Please be aware that trade execution can vary due to market fluctuations. Keep a close watch on price actions and ensure your trading platform is configured for pending orders.
## **Investment Advice:**
Trading cryptocurrencies comes with substantial risk and may not be suitable for all traders. This analysis serves for educational purposes only and does not constitute financial advice. Always conduct your own research and consider seeking professional guidance before making trading decisions.
📚 **Keep Learning and Adapting:** Trading is a dynamic journey of continuous learning. Regularly refine your strategies, manage risk prudently, and stay disciplined in your trading approach.
**Disclaimer:** This analysis is based on past price data and doesn't guarantee future outcomes. Cryptocurrency markets can be highly volatile and subject to rapid changes. Exercise caution and trade responsibly.
#MKRUSDT #CryptocurrencyTrading #TechnicalAnalysis #BullishTrend #TradingView
Wishing you successful trades and steady growth! 📈🚀
Maker (MKR) has been trading above the breakout level of $1,200Maker (MKR) has been trading above the breakout level of $1,200 for the past few days, indicating that the bulls are attempting to flip the level into support.
The 20-day EMA ($1,204) is sloping up gradually and the RSI is in the positive territory, suggesting that the bulls have the edge. Buyers will try to propel the price above the immediate resistance of $1,284 and challenge the local high at $1,370. A break and close above this level could signal the start of a new uptrend.
If bears want to prevent the uptrend, they will have to quickly yank the price back below the breakout level of $1,200. That could open the gates for a decline to the 50-day SMA ($1,041).
MKRUSDT.PAccording to my analysis, I expect this rebound to take liquidity, and then break out from the OTE area, where we target PRZ targets for harmonics, as well as the structure of the main structure.
MakerDao's Wrapped Tokens: High Stakes, High RisksYesterday I was discussing with some Italian Twitter users about the risks of MakerDao. So here are a few reflections.
First of all, an interesting thread directly from MakerDao.
Now let's get straight to the point: How has MakerDao been functioning in the last year? After enabling ETH withdrawals, especially through LIDO, there has been a stake boom. In practice, users stake ETH and receive stETH (that wrapped stuff of dubious validity). This way, they can receive about a 4% yield, always in stETH.
Note: Based on the news I have up to today, redeeming requires 2 weeks to get back your ETH. Remember that.
But why settle for so little when you can do the trick? Lido allows you to wrap your fake ETH stETH again. And there it becomes wstETH. This "token" can only be used in one place: the MakerDao protocol. Why not stETH? Because it's staked and changes in quantity over time due to APY, while wstETH is fixed. Now you send this doubly wrapped token to the Maker protocol (vault) and receive a fresh and ready-to-use StableCoin, DAI, for your collateral (of dubious origin at this point).
And what do you do with DAI? Coincidentally, MakerDao allows you to stake it with a respectable 8% APY!!
Let's take a look at Maker's collateral situation... and we find that 46% of the collateral is wstETH 2.77bln$ ,with $1.23 billion DAI staked.
All very nice, because both Lido and MakerDao are raking in fees as if there's no tomorrow. However, there's something that doesn't add up. Doesn't it seem like a distributed Ponzi scheme? A little here, a little there... someone has to lose out eventually. However, the main purpose is always to prevent tokens from entering circulation. So you make ETH "rare" by locking it on Lido and make DAI "rare" by locking it on MakerDao. ETH maintains its price stability, and DAI maintains its price stability.
So my stake of a stake on wrapped tokens for another stake with collateral of collateral is ultimately "stabilized" and sufficiently secure.
At least until something "serious" happens. What could be the inherent risks? First of all, a drop in the price of Ethereum will certainly trigger a chain of liquidations on the protocols. Collateral is lost, especially for MakerDao, which will immediately sell the locked ETH until the "value" of the borrowed DAI is recovered (out of thin air...). What remains, the user can withdraw... oh, but wait... they are wstETH. So they will have to take the wstETH and return them to LIDO to get stETH back, then close the position and get their ETH back... after 2 weeks (as far as I know now).
This will unleash absolute madness, but above all, a ton of fees for Lido and Maker, who will see the protocol shake but at the same time generate profits at the speed of light. If we also add that there's no real Proof of Reserve for Lido, we could introduce the risk that the ETH has already been sold at much higher prices than buying back low to return them to users.
Whatever happens... the current volume on MakerDao and Lido is showing very similar facets to past drops.
Is it time to fasten our seatbelts?
D1 IHSThis IHS has made the 1.51 target, but the fact that the bottoming pattern is an IHS is still bullish. the H1 time frame in the upper right also has a small IHS in its' candles.
MKR 🩸These trades reflect my trading history
Trades will be updated on the same published chart such as Take Profit, Early Exit or Partial Exit....
MKRUSDT Technical Analysis 📈🐻 #MKRUSDT Technical Analysis 📉🐂
#Trend: Bearish 📉
#Divergence: Bullish 📈
#ReversalPattern: Falling Wedge Reversal ⬇️🔺
#BreakOut: Confirmed ✅
📊 Analysis:
In the 1-hour chart, MKRUSDT is currently in a bearish trend. However, there's an exciting development! The #RSI is showing a bullish divergence, indicating a potential trend reversal on the horizon. Additionally, the price action has formed a falling wedge reversal pattern, adding to the likelihood of a bullish move. 📈🚀
📉 Trade Setup:
To take advantage of this setup, a BUY STOP order is suggested at Entry Price @ 1243. This approach will enable us to enter the market if there's a possible breakout to the upside. 📈💹
🛡️ Risk Management:
To protect our capital, we'll set a Stop Loss @ 1211. This level is carefully chosen to limit potential losses in case the trade does not play out as expected. 🛡️❌
💰 Take Profit Targets:
We'll aim for Take Profit 1 @ 1276 and Take Profit 2 @ 1308. These price levels are chosen based on projection and represent attractive profit opportunities. 💹💰
📢 Investment Advice:
As a technical analyst, it's essential to consider both bullish and bearish scenarios while managing risk effectively. Keep in mind that trading cryptocurrencies carries inherent risks, and past performance does not guarantee future results. Always use proper risk management and stay updated with the latest market developments. Good luck! 🤞🚀
#TradingView #TechnicalAnalysis #Cryptocurrency #MKR #USDT #BullishDivergence #FallingWedge #TradeSmart #InvestmentAdvice
MKRUSDT the origin of the trendHello everyone In search of a good coin chart for long-term investment, I came across MKRUSDT. The chart is really very beautiful, because in January a long (1.5 years) falling trend was broken. It also took about a year for the coin to decide where it would go next. And now the bottom has been formed and the price has already consolidated above the important resistance level of 1200. The next logical stop is expected at 1800.
MKRUSDTBINANCE:MKRUSDT ROAD MAP
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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MKRUSDT short trade MKR is on its way down and it just broke a very important trend line, there is a very high chance for a big drop. I think this is the highest for now and we will see a trend reversal after.
Looking promising for a short trade
MKRUSDT Trend Analysis MKRUSDT trend analysis which goes up and having a good volume I think is the next move very impulsive
Probability of growth after a correctionThis currency has had a good growth and is in an upward trend, but it has shown a steep slope, which means that there is a possibility of a fall, or rather, a correction for this currency is possible. This correction is possible until the bottom of the channel, but if If we break the bottom, we will exit the upward trend and we can see a sharper drop
