Get started

MKR / TETHER Standard Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

MKRUSDT.PS trade ideas

MKR/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of MKR in pair to USDT, on a four-hour time frame. First, we will use the blue lines to mark the uptrend channel in which we are currently moving. Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at FWB:706 , the second support is at FWB:698 , the third support is at $692, and then the fourth support is at $686. Looking the other way, we see that the price has approached a strong resistance at HKEX:721 , when it manages to break it, the second resistance is at HKEX:731 , then the third resistance is at $744 It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend. Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
by cryptodailyuk
1
MKR: Approaching SupportMaker (MKR) technical analysis: Trade setup : After getting rejected at $1000 resistance 2x, price has pulled back to $600-700 support zone again, which could be an attractive swing entry in Uptrend with upside potential back to $1K-$1.1K resistance area. Momentum is inflecting bullish again (MACD Histogram rising). Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $600 – $700, then $500. The nearest Resistance Zone is $800, then $1000 – $1100.
Long
by altFINS
2