MKR Short ScalpSince mkr has swept monday -high and and reclaimed below it. It seems it will sweep monday low also. Placing a limit order with sl slightly above weekly-highy.
#nfa #dyor #educational-conent
MKRUST trade ideas
MKR inteligentassetThroughout the year 2023 until these very days the ascending trend line serves as support and resistance
bullish scenario
resistances 2047, 2182, 2269 pivot high, 2354
bearish scenario
support 1950 ascending trend line, 1866 pivot low, 1815 in 50 ema, 1644
📊#MKR may rise in an ascending triangle pattern📈🧠After reaching the TP zone, we entered the correction phase according to the double top short structure, and the goal of the double top short structure was fully achieved.✔️
After that, we also had a good rebound. From a time period perspective, we are consolidating sideways, which shows that we don’t seem to want to choose to continue the deep correction. As time goes by, we form an ascending triangle here.🙏
➡️If we successfully break through the inflection point, then the ascending triangle is established
⚠️If we break below the bulls’ defensive level, the bullish view is invalidated
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MKR/USDT Facing a key resistance zone, Could Break or rejected?💎 MKR has recently witnessed significant developments in the market. It is currently facing a key resistance zone, and historical data indicates the strength of this area.
💎 To continue its upward trajectory, MKR would need to break out of this zone successfully, which could potentially lead to a significant upward movement, probability aiming to reach our target strong resistance area.
💎 However, if MKR fails to break through this key resistance zone once again, there is a possibility that the price could retreat to the support area around 1616 to establish new momentum. In a more bearish scenario, MKR could even drop down to the demand area near 1300.
💎 The demand area is crucial as it represents the last support for a bullish movement. Bouncing from this area and reclaiming the price above the support zone is essential for the potential continuation of MKR's upward movement. However, if MKR fails to do so, the price could continue its downward path, returning to the accumulation zone, and potentially hitting the bottom support of that zone.
MKR-USDT / 1H / TECHNICAL ANALYSIS BINANCE:MKRUSDT.P I marked my target level, entry level, and stop level on the chart.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
#MKRIn time H1 and 30 minutes, you can do a retest up to the supply range. After testing it several times, it has made a further modification, and now, if the specified range is maintained, it will have the ability to reach at least the node and then the supply range.
#MKRIt is moving in a descending channel, which can have a growth up to the range of the ceiling of the 1996-2000 dollar channel and then continue the correction up to the range of 1940. Therefore, within the specified range, you can enter a sell position with confirmation.
MKRUSDT # 001 ( 2ND cycle Bullish rally to 6500 $ ) Hello dear traders.
Good days .
First Weekly Gann Square finished and 2nd cycle of Gann Square is started .
first Gann Arc resistance is broken and @ exact reversal Time zone , MKRUSDT get support from lower Gann Fan line to start 3rd Elliot wave and expected to hit 0.5 Gann box fib level ( 3565 $ ) . It can go test 0.618 Gan box Fib level around 4495 $ .
In detail chart will update.
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments
MKRUSDTIn my opinion, we can make a correction to $1,673 and from that point continue our upward trend up to $4,000 and $4,200.
#MKRAccording to the previous analysis and the final touch target, it is moving in a descending channel in the 30-minute period, which can be entered into a sell position in the red box area in case of a negative reaction until the green box. And in the continuation of that, if in the box of Sabzer Neg, which is the golden zone of the last wave, it has an upward step until its previous supply zone.
#MKRCurrently, it is placed in the important resistance area, which after the failure of the supply area, if a pullback hits the specified area, it can enter a buy position to continue the upward trend up to the specified areas, which are its daily and weekly higher time areas.
It's Time For The Retest➔ MKR is exhibiting a bullish trend in its weekly timeframe, consistently positioned within an ascending channel. The recent pattern shows three consecutive bullish candlestick closures, indicating a strong upward momentum.
Presently, MKR is trading at the top of this ascending channel. While a retest of the specified support zone could occur in the near future, the overarching long-term trend for MKR remains positively upward, suggesting sustained bullish sentiment.
This analysis is informational, not financial advice.
MKR short idea hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
MKR is bullishExamining the MKR waves, we found that the MKR is inside a diametric that now looks set to complete the E wave.
Now it is inside a resistance zone, by crossing this resistance it can move much better towards the target.
I also marked the nearby DEMAND on the chart
MKR InteligentAsset#MKR
Currently rejected by a rising trendline at 1870
Bullish scenario
A breakout of 1870 could lead to resistance at 2180
Bearish scenario
Support in 1644
MKR Signals Green: Buy Now, Thank Me Later!"**MRK Coin**
**Short Fundamental**
Maker (MKR) is the native token of the MakerDAO system, a decentralized autonomous organization (DAO) that issues the stablecoin DAI. MKR holders are responsible for maintaining the stability of the DAI peg and can earn rewards by bidding on auctions to create or remove DAI.
**Recent News**
* On December 30, 2023, MakerDAO approved a proposal to increase the minimum collateralization ratio for DAI from 150% to 180%. This change is aimed at reducing the risk of instability in the DAI price.
* On December 27, 2023, MakerDAO announced that it is working on a new governance model that will give MKR holders more control over the system. This new model is expected to be implemented in the first quarter of 2024.
**Disclaimer**
This information is not financial advice. Please do your own research before investing in any cryptocurrency.
mkrusdtDue to the failure of the structure and the creation of dynamic and static liquidity levels, we can enter into purchase transactions in two unspecified steps and stay in the transaction until the specified target.
MKR/USDT 4HInterval ChartI invite you to review the chart of MKR in pair with USDT, on a four-hour interval. First, we will use the yellow line to mark the upward trend lines above which the price remains.
Going further, we can move on to marking support areas when we start a larger correction. And here, after unfolding the trend based fib extension grid, the first support is at the price of $1,537, and then it is worth defining the support zone from $1,410 to $1,343.
Looking the other way, we see that the price has been rejected by the resistance at $1,680, only when we manage to break out of it can we see an attempt to grow towards the resistance zone from $1,849 to $1,936.
Please look at the CHOP index, because you can see that the current price recovery gives an increase in energy for a new move, the RSI indicator shows a rebound with room for a further decline, and the STOCH indicator behaves similarly, which also has room for the price to go a little lower.
MKR/USDT - On Crossroads Show some strong signs at these levels:
Support at 1262 Level: The price is currently resting on a critical support level at 1262, indicating a potential bounce or continuation.
200 Moving Average Support: Further reinforcing the bullish case, the 200-day moving average is acting as additional support, adding strength to the current position.
In the event that both the 1262 level and the 200-moving average hold, target will 1550 .
However, caution is advised. If the support falters, and the price breaks below the 200-moving average, a reversal could be in play, with a downside target at 980. Traders should closely monitor these levels for decisive price action.
mkrRejected at 1644
Bullish scenario
Breakout at 1644
May lead to 1863 rising trendline resistance in addition to W pattern technical target
Bearish scenario
Support in 1550
Next support 1400, 50 ema
Next support 1282, 200 ema & horizontal trend line
MKR MakerDAO price didn't pick up with the activityIn the chart, we can see that the active wallets can be a leading indicator for the price of a crypto.
This is similar to Metcalfe's Law, which measures a network's value. The law shows that the value of a network grows exponentially as the number of its users increases.
We can see that recently, the number of MKR addresses increased significantly but the price didn't increase accordingly.
This might be a bullish signal for MRK.
MKR#MKR
I would highlight 1278 - 1118$ as a good buy zone for longterm perspectives.
From technical side these levels come to FVG levels on many TF and also there we have 100 ema and 50 ema on HTF passing
Currently 1538$ level holds as strong resistance level to break, but once it does the price might reach 2090$ price level pretty fast.
