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MKRUSDT 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 (3485.14). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPJPY 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 73. Take Profits: TP1= @ 4100.14 TP2= @ 4628.64 TP3= @ 5359.64 TP4= @ 5853.13 TP5= @ 6346.62 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 ❤️
Long
by ForecastCity_World
16
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (3485.14). . 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 73. Take Profits: TP1= @ 4100.14 TP2= @ 4628.64 TP3= @ 5359.64 TP4= @ 5853.13 TP5= @ 6346.62 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 ❤️
Long
by ForecastCity
7
MKRUSDT (Maker) - Coin of the Week Maker (MKR) is the governance token of the MakerDAO and Maker Protocol, which are both built on the Ethereum blockchain and allow users to create and administer the DAI stablecoin. Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar. MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself. The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum. Technically, when we look at the 4h chart we see an up move that started on the 20th of July that continues to make higher highs in this structure. For the next high probability move, we see a correction that will probably reach the blue trendline marked on the chart and then a continuation to the upside. Potential target for this move is the resistance area marked on the chart at 4200 USDT. If the price breaks the blue trendline and consolidates below we may see a move to reach the low again (lower probability move). Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
10
MKRUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour time frame. As you can see, according to the previous analysis, we said that if the line breaks, there is a possibility of price increase, and as you can see, we expect it to reach our target if the price is above the support line. But in case of failure of the support line, we consider the fall to the next support line. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals
Maker analysis soon a bullish rally* Maker is in a consolidation between it's major resistance and the below trend line. * Every time the price touches the below trend-line it bounces back to it's resistance. * The 50 Moving average is now below the price as the support. Which previously was moving above the price. * The maker even forms a double bottom pattern ( trend reversal pattern appears ) with the major resistance as it's neckline. * If the price breaks the major resistance we can expect a new bullish trend.
by Coinpedia-Market-Insight
MKRUSDT is testing the weekly resistance 🦐MKRUSDT is testing the weekly resistance after a breakout from the daily . IF the price will have a breakout form weekly resistance and retest it as new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
MKRUSD Heading Towards $3000+Taking a look at MKR on the daily time frame we can see that it is currently testing even with the February 2021 swing high level placed at the $2696 - $2837 zone. During the last week of June and going into the start of this month, all the top cryptos sold off a bit to stop out the over-leveraged longs before moving back up. The bull run isn't over, it's just a matter of 'How and when' its going to come back. At the moment, the highest level of support is $2837 and the resistance level at $3100 has already been tested once. This being said, the next true level of resistance is placed at the $3751 level and that is where I have my sell order placed for a 30% gain. I do not know how long this move is going to play out, I am simply just reading the trend and sentiment of the market. Attached is MKR on the 4H Time Frame We can see that MKR dropped below the longer term trend created from that same February 2021 swing high level and then eventually regained it as support after stopping out over-leveraged longs. This currently looks like very great bullish momentum that is going to continue now. I was a little bit skeptical about the current trend of the market up until the day before yesterday when i've been able to properly analyze the more candle data that was given to me. The 1st target if you want to lock in profits and feel safe about this play would be at the $3100 level, which has already been 1st touched. Expect a quick touch and pullback from this level before pumping up the rocket fuel to $3751. From that point, this is a significant level that many traders will take profits from, so expect a decently sized correction from that. As always please do your own research, I am not a financial advisor.
Long
by kyer
3
🆓Maker (MKR) July-5 #MKR $MKRMKR is having a good support at the $2600 zone and is heading towards the $3600 and $4800 zones. If it loses the $2600 zone, it will fall back to the $2200 zone, which is a reliable support 📈BUY 🔴Buy : 2550-2650$. SL if B 📉SELL 🔴Sell : 3500-3700$. SL if A 🔴Sell : 4700-4900$. SL if A ♻️BACK-UP 🔵Sell : 2550-2650$ if B. SL if A 🔵Buy : 2150-2250$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation