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MKR

MKR/USD WILL SURVIVE (LONG SET UP)BUY MKR/USD ENTRY $230 & ENTRY 2 $190 TP.1 $330 TP.2 $430 TP.3 $680 TP.4 $890 The MakerDAO (MKR) community has locked in an auction to cover a multi-million dollar hole in DAI collateral after the sudden Ethereum (ETH) price crash on March 12. Scheduled for 10:28 AM EST on March 19, the system will auction newly minted MKR in exchange for DAI. The proceeds from the sale will be used to recapitalize the system and compensate the losses suffered by the borrowers who saw their Ethereum collateral auctioned off for zero DAI. As the stablecoin powers many decentralized finance (DeFi) applications, the stability of Maker is paramount for the entire ecosystem. What happened to Maker? The emergency procedure became necessary following a combination of events that left some of the DAI undercollateralized. As previously reported by Cointelegraph, the high Ethereum gas fees, combined with the rapid price decline, wreaked havoc on MakerDAO’s systems. Maker’s Ether price feed oracle failed to update appropriately, and showed a higher price than the true market rate. A blog post by Maker Foundation further revealed that this delay helped some users escape liquidation by pouring in more ETH to the debt position. Analysis by the research organization, White Rabbit, found that the combination of wrong oracle feeds and high network congestion allowed four separate wallet addresses to place zero DAI bids for over 62,890 ETH (~$7.1 million). The bids were apparently made possible by what the analysts, and some community members, believe to be improperly configured “Keeper” software that is responsible for the auctions. The “lucky” bidders had seemingly modified their implementation to not “choke when gas prices skyrocket,” while their competitors with default implementations were left stranded by the Ethereum network. Other members went as far as speculating that the attack was premeditated.
BITFINEX:MKRUSDLong
by MavRich_Trading
1
$MKR BTC Trend Analysis Binance’s research department noted a drop in Bitcoin (BTC) trading volume dominance from 40% to 27% in February. On the other hand, Ether price witnessed a 158.6% increase in its total monthly volume. This shows that the interest in altcoins is increasing and the researchers expect an alt season soon. Maker (MKR) also has just managed to remain in the green in the past seven days. The monthly transaction volume in Feb. made a new high of 4.5 billion Dai compared to the previous high made in November of last year, which was about 2.41 billion Dai, which is a bullish sign. Can this result in an up move? Let’s analyze the chart. The MKR/USD pair is currently trading just below the center of the $400-$800 range. This range has been in force for more than a year. The bulls purchase the drops to $400 while the bears defend the rallies to about $550 and above it at $800. Both moving averages are flat and the RSI is also close to the midpoint. This suggests a balance between buyers and sellers. As long as the price remains inside this range, the bulls can buy the dips to strong support levels and sell the rallies to strong overhead resistance levels. If the bulls can scale the pair above $800, a rally to $1,200 is possible. As the pair has been consolidating for more than a year, a breakout is likely to be strong and can exceed the upside targets. Therefore, the traders can buy after the price closes (UTC time) above $800. The trend will turn in favor of the bears if the price dips below $400 but we give it a low possibility of occurring. cointelegraph.com
Long
by akalayci34
KAVA - Long & Shill/FundamentalsInitial circulating supply : 13.69m Kava Issue price : 0.46$ Initial mcap : 6.3m$ Actual mcap : 13.3m$ First release of coins : End of March 2020 This is the new CZ pet project, and basically his version of MKR: Cosmos chain/interoperability with Binance chain Binance just announced staking (Huobi will too) Binance IEO & allows BNB to be used for cdp collateral From a fundamental point of view that's quite an easy buy in my books. As for the technicals, above the yellow lines and we're in price discovery. I'm happy buying anything in the blue box, but it seems to be holding above so far
Long
by PaolitoXBT
Trade MKR easily with this 1 indicator.Buy Green Sell Red it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot appears you buy, if a green dot appears after that green dot you hold your investment. if a red dot appears you sell your position. easy as that. shorter time frames will be choppy. larger time frames will be smooth.
BITFINEX:MKRUSD
by UnknownUnicorn3660593
Maker (MKR) Price up Due to Augur and a16z Crypto AnnouncementsMKRUSD price is up over 25% in the past 24 hours making it the biggest gainer today out of the 2,000+ cryptocurrencies. The reason is due to the $16 million investment into the platform by Horowitz's fund, and Augur's announcement that it will integrate DAI. MKR hit its ATH back in January when the price reached $1673, so the market is still a ways away from that level, however the current price of $790 is not too shabby as it brings MKR back to May levels. It's hard to do market analysis on such a sudden jump but we can highlight some support and resistance levels based on trading volume and range. The S&R levels are: support 1 - $417 support 2 - $576 resistance - $825 The best news we can hope for is that MKR established new support at the $800-$825 range and doesn't drop down to either of the resistances at the $570-$600 levels.
BITFINEX:MKRUSD
by nulltxmark