MKR Another potential bull flagThis could be massive!
If the second wedge & breakout is confirmed we can possibly see another 50% increase!
Volume looks to be looking great, which gives indication that this possible scenario could be at play.
MKRUST trade ideas
MKR analysisIf she can not break, we will have a correction to 2272 and from this range can continue its upward trend.
Maker MKR long setupmaker is making triangle in 1 h graph , in the 4 h graph I think it is going to settle the orange trend line as a main trend line
MKR rest and bull after thatLook at the price, it possible retrace 15% to 30% before going to bull run
Optimistic price projection for the next scenarios in MKRUSDT 4HTechnical analysis regarding the price of MAKER in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Price broke through this bullish channel which also coincides with a region of considerable resistance. Financial volume gaining proportion also making the candles normal and proportional to the volume that is readjusting in its main upward trend.
Parabolic SAR gaining oscillation at low price, guiding you.
Exponential Moving Averages gaining significant distance and following the primary upward trend! I strongly believe in the potential of this cryptography in the medium/long term.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
MKRUSDT (Resistance level breakout)MKRUSDT (4H CHART) Technical Analysis Update
MKR/USDT currently trading at $2040
Buy-level:$2000- $2100( only enter long after 4h candle closes above 2000 level)
Stop loss: $1642
Target 1: $2500
Target 2: $3000
Target 3: $3500
target 4: $4000
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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$MKR/USDT 12h (Binance Fut.) Symmetrical triangle near breakoutMaker is looking bullish again, I expect it to break out and resume the uptrend supported by 50MA!
Current Price= 1591.11
Buy Entry= 1593.82 - 1520.02
Take Profit= 1970.17 | 2328.06 | 2879.52
Stop Loss= 1327.57
Risk/Reward= 1:1.8 | 1:3.35 | 1:5.75
Expected Profit= +26.50% | +49.48% | +84.89%
Possible Loss= -14.76%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 480h
💡Don't miss the great buy opportunity in MKRUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1360).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKR/TetherUS is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 1547
TP2= @ 1630
TP3= @ 1715
TP4= @ 1801
TP5= @ 1976
TP6= @ 2200
TP7= @ 2500
SL= Break below S2
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💡Don't miss the great buy opportunity in MKRUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1360).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKR/TetherUS is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 1547
TP2= @ 1630
TP3= @ 1715
TP4= @ 1801
TP5= @ 1976
TP6= @ 2200
TP7= @ 2500
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 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 ❤️
Bullish Divergence + Ascending triangleMKR looks like it is ready to break out for a short term long trade, Bullish Divergence + Ascending triangle on the 15min
Buy on the breakout if conditions remain the same.
MKR USDT wave count - daily frameConsolidation is likely a local wave ((4)) of a larger impulse.
Potential trajectory on the chart
