MKR going to $650+Cup-and-handle... loving the Maker chart! :-) "If Dai has a market cap of $1T then 1 MKR will be worth $200K..." Read that somewhere on Reddit :-)
MKRUSD trade ideas
MKRUSD LONG Inverse Shoulder Head Shoulder (HODL)TITLE/(DATE)-MKRUSD LONG inverse shoulder head shoulder (HODL) (7/14)
ASSET-CRYPTO
ORDER TYPE- LIMIT ORDER
Time Frame-4D
ENTRY PRICE 1- $450 (MARKET)
ENTRY 2- $400 (PENDING)
STOP LOSS- $350
TAKE PROFIT 1-$550
TAKE PROFIT 2- $650
TAKE PROFIT 3- $750
TAKE PROFIT 4-$850
TAKE PROFIT 5-$1000
STATUS: ACTIVE
MKR/USD LONG SET UP TO $1000 (INVERSE SHOULDER HEAD SHOULDER)INVERSE SHOULDER HEAD SHOULDER (REVERSAL FORMATION)
The opposite of a head and shoulders chart is the inverse head and shoulders , also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
The Limitations Of Head And Shoulders
Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.
The initial peak and subsequent decline represent the waning momentum of the prior bullish trend . Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.
A head and shoulders pattern is a technical indicator with a chart pattern described by three peaks, the outside two are close in height and the middle is highest.
A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns.
BUY MKR /USD
ENTRY $515 (market execution due to how volatile the pair is or pending order)
ENTRY 2 $480 (Pending)
SL $400
TP.1 $568
TP.2 $668
TP.3 $715
TP.4 $840
TP.5 $1000
Holders of MakerDAO’s governance token, MKR , are voting on the proposals. As of Thursday, 96% of votes cast favored inclusion of trade finance assets, with a similar proportion supporting the addition of music royalties. The polls close in about four days.
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 low supply of 1,005,577 MKR which doesn't even factor in potentially lost funds could cause MKR to hit all time highs or break through them with all the volume
decentralized organization MakerDAO, bitcoin Lightning Network’s infrastructure developer Lightning Labs, blockchain analytics firms Elliptic, decentralized oracle network Chainlink, blockchain-based financial services firm Ripio, and blockchain-enabled environmental tech startup Veridium Labs.
The WEF’s 2020 list includes a total of 100 firms from around the world that are pioneering new technologies and innovations, from artificial intelligence and machine learning to the internet of things (IoT) and robotics.
The WEF has been recognizing a limited number of tech pioneers every year
MKR closing on support(Coinbase)MKR is approaching the support at the $430 mark. It's already been stopped at this support 3 times in the past and never was broken through. I´ll wait for the testing of the support and then the first candle above the SMA line.(Not financial advice, stay safe!)
Watching this asset to make a move : MKRMakerDAO came to a critical phase, whether it will break upside or make a lower low, but my elliottwave count sees a better upside opportunity. Stochastic is also building up a bullish divergence. Let's see what will happen next.
MKR UPI believe what's happening right now with MKR is a trend reversal not just a correction, I believe it could continue at this same pace for the next few weeks, i will update this chart as time goes on and state where I'm right and state where I'm wrong
Baised upon the time intervals and the angles I believe that a reasonable goal for MKR on July 10th is around 530, I have some right now and will hold and try to sell it in the 510 range which I believe will happen soon. and i want that money to enter KNC per my last post.
Expect a short correction but don't worry I'm sure that it will go back up
At the end of the dip would be a good spot to buy however if you are trying to make more % I believe your money could best be used invested in KNC. I will still be following this crypto and many other, more predictions to come COINBASE:MKRUSD
uptrend may startBased on the wicks on the 4 hour it seems to be making a higher low indicating a change intrend. I am already long from 460 so if you are not in it yet the safest way to play this is to wait for the break of 500 and go long when you see 500 acting as support. This has potential to be a very good swing trade =). not sure what the target will be but we will continue to monitor it for signs of weakness.
MKR possibly approaching support(Coinbase)MKRUSD approaching a support @ $435 and I have an alert @ $440. Once MKR is around the $440 price, I will enter a position and have my stop loss under the support line for a worst case scenario 2% loss. However, if MKR bounces off of the support like it did previously 3 times, it will net at least 10% profit In my opinion.
Maker 7.4.20Havent changed this chart and as i had thought it pulled back although a little further then i initially thought. Is one of the most important protocols in cryptocurrency. Unlike 99 percent of the other shitcoins.
MKRUSD LONG SET UP inverse shoulder head shoulder Inverse Head And Shoulders
The opposite of a head and shoulders chart is the inverse head and shoulders, also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
The Limitations Of Head And Shoulders
Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.
The initial peak and subsequent decline represent the waning momentum of the prior bullish trend. Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.
A head and shoulders pattern is a technical indicator with a chart pattern described by three peaks, the outside two are close in height and the middle is highest.
A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns.
BUY MKR /USD
ENTRY $515 (market execution due to how volatile the pair is or pending order)
ENTRY 2 $480 (Pending)
SL $400
TP.1 $568
TP.2 $668
TP.3 $715
TP.4 $840
TP.5 $1000
Holders of MakerDAO’s governance token, MKR , are voting on the proposals. As of Thursday, 96% of votes cast favored inclusion of trade finance assets, with a similar proportion supporting the addition of music royalties. The polls close in about four days.
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 low supply of 1,005,577 MKR which doesn't even factor in potentially lost funds could cause MKR to hit all time highs or break through them with all the volume
MKR/USD LONG SET UP TO $1000 (HODL)MakerDAO, Lightning Labs are in World Economic Forum's list of tech pioneers for 2020
Maker is an ERC20 token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to manage another Ethereum token, the DAI stablecoin, that seeks to trade on exchanges at a value of exactly US$1.00.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase.Centrifuge has teamed with Paperchain and ConsolFreight to tokenize music streaming royalties and trade invoices, respectively.
The vote, which concluded today, paves the way for these tokens to be used as collateral for minting Dai stablecoins.
Paperchain and ConsolFreight’s tokens would be the first collateral type that isn’t crypto-native. Currently MakerDAO accepts ETH, Basic Attention Tokens, Wrapped Bitcoin and USDC as collateral for Dai loans. The new vote also signaled community support for 0x’s ZRX token, Decentraland’s MANA token, tBTC and Uniswap’s Dai Liquidity Token.
Centrifuge and its partners will now get to work figuring which oracles to use, developing risk models and reviewing smart contract security, Centrifuge CEO Lucas Vogelsang told The Block in an email. He estimated that these steps will take somewhere between a few weeks and a couple of months.Once that work is done, a second, binding vote will be held to determine whether to add the new code to the smart contract on the Ethereum blockchain.Starting today, Coinbase supports Maker ( MKR ) and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store MKR . MKR will be available in all Coinbase- supported regions, with the exception of New York State.A total of six blockchain startups have made it to the World Economic Forum’s (WEF’s) list of technology pioneers for 2020.WEF’s global innovators community and strategic intelligence ecosystem to help industry leaders with fresh perspectives.
decentralized organization MakerDAO, bitcoin Lightning Network’s infrastructure developer Lightning Labs, blockchain analytics firms Elliptic, decentralized oracle network Chainlink, blockchain-based financial services firm Ripio, and blockchain-enabled environmental tech startup Veridium Labs.
The WEF’s 2020 list includes a total of 100 firms from around the world that are pioneering new technologies and innovations, from artificial intelligence and machine learning to the internet of things (IoT) and robotics.
The WEF has been recognizing a limited number of tech pioneers every year Who your early token holders are matters a lot
In the mad rush to raise funds via an ICO in the past year, most projects completely ignored the importance of who the token holders are in the early days. Especially in the case of governance tokens that give token holders the right to vote on critical changes to a network on chain, as a founding team you want your token holders to be well-informed contributors rather than speculators looking to make a quick profit without contributing. Even if your token is not a governance token, sophisticated contributors are generally better community members than pure speculators; leading a community of speculators can be distracting at best and devastating at worst.MakerDAO, the organization behind the dollar-pegged stablecoin known as DAI, is in the process of voting on whether to further diversify the collateral it accepts for loans beyond cryptocurrency and tokens to include real-world assets (RWAs).
Specifically, Maker would also allow supply chain invoices and musicians’ future royalty streams as security when it lends out DAI. These assets would be represented on the Ethereum blockchain by non-fungible tokens (NFTs), the innovation that spawned CryptoKitties. Small businesses and artists could take the borrowed DAI, which usually trades 1-for-1 with the U.S. dollar, to crypto exchanges like Coinbase and convert it to cash.
If approved, the proposals would pave the way for the first application of DeFi to solving a tangible business problem outside the rarefied realm of crypto. The current crisis, like the 2008 financial meltdown, has seen big firms apply the brakes across supply chains, to the point where innovative ways of freeing up working capital for suppliers awaiting payment could be a lifesaver.
“The average crypto user that bought bitcoin when it was a few hundred dollars and is using DeFi to trade and manage their wealth is a very different user from a business that is actually quite cash-strapped,” said Lucas Vogelsang, CEO of Centrifuge, a startup focused on bringing real world assets to DeFi.
“These businesses are looking to DeFi as a way to get money quicker and get it on their own terms, without having to go to a bank,” said Vogelsang, whose firm has pilot-tested the financing of freight forward invoices with DeFi loans. “They don’t have crypto to get their DAI loans, so they need to be able to use their invoices or their inventory.”
BUY MKR /USD
ENTRY $515 (market execution due to how volatile the pair is or pending order)
ENTRY 2 $468 (Pending)
SL $400
TP.1 $568
TP.2 $668
TP.3 $715
TP.4 $840
TP.5 $1000
Holders of MakerDAO’s governance token, MKR , are voting on the proposals. As of Thursday, 96% of votes cast favored inclusion of trade finance assets, with a similar proportion supporting the addition of music royalties. The polls close in about four days.
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 low supply of 1,005,577 MKR which doesn't even factor in potentially lost funds could cause MKR to hit all time highs or break through them with all the volume
mKr 6.12.20if you have been sleeping under a rock than you will not be familiar with this marvelous beauty of a token called maker. It is the flagship project of defi. If any of that doesnt ring a bell then it is time to catch up on what Defi is and what it means for the future of financing and loans. It has had a rocky start and we really saw it put to the test earlier this year during the black swan event. I am glad that they have made changes to the governance protocol and are actively working on perfecting the project. This is a project that requires a bit of dyor but i can tell you that this is something that you want to be looking into if you are looking for tokens what will yield huge roi in the future. with just slightly over 1 million tokens, and an active burn rate, Maker will only continue to become more valued in the coming decade. Not only that but it has been added to Coinbase and Coinbase Pro. Look for Maker to test the 1k level in the coming year. All in all, it could very well lead the defi bull run along with Kyber , Synthetix, and many other small cap projects. If you are in the long term game of crypto , this is one badass token that you definitely need in your portfolio. This may be my new favorite token along with Link and of course TEZOS. Down with the Fed and Central banks and their endless money printing. VIVA LA CRYPTO REVOLUCION. Lets lead the Zbellion my friends and show these central bankers that we will not play their games anymore.
MKRUSD too soon for angles but.. Just for shits and giggles we shall see what happens in a couple hours! I'm thinking we go up!
Maker break?Following a short term squeeze that seems to be lining up with the upcoming CBP listing. Not financial advice.
MKR coming to coinbase pro.Low ~1m supply+high volume exchange=?It's going to be interesting to watch what happens when it is listed on coinbase pro. The low supply of 1,005,577 MKR which doesn't even factor in potentially lost funds could cause MKR to hit all time highs or break through them with all the volume and accessibility coinbase pro brings. Not financial advice blabla just a trade based on some potentially great looking odds factoring supply+incoming volume.
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.
Watching for more chart data.Marker is most moving side ways it's growing in volatility on daily time line but on the weekly the growth is not yet clear. If Maker can continue moving up then upside targets of 1000-1200 could become interesting. The biggest issue with this asset is not it's fundamentals or it's current TA. The lack of historical chart data to compare with is the most concerning for me. It's application to pay off debts in DeFi creates interesting possibilities. Though it's high $ price makes it less attractive to masses then very cheap cents per unit crypto regardless of the fundamentals of ether.
