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MKR / TetherUS PERPETUAL CONTRACT

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MKRUSDT.P trade ideas

Maker possible scenariosour previous Analyze on Maker goes wrong. it happens usually in market, any way we are under dynamic resistance in daily and as you can see there is a pivot area in daily if the price could cross dynamic resistance and pivot, after a pullback to 800 we can get a long position(scenario 1), but I think we are still in a downtrend and Red line on the chart is more valid because Rsi is in overbought and also BTC should break down and will take everything down with itself, better to wait and watch exactly...
by Lamassu_Trade
1
MKRUSDT Rejected on the 1D MA200. Bearish unless this breaks.*** *** For this particular analysis on Maker we are using the MKRUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where MKR is shown trading on its long-term bearish pattern which is a Channel Down (1) since August 23 2021 High. There is also a diverging Channel Down (2) that started on November 26 2021. Maker's impressive rise yesterday stopped just below the top of that Channel Down and even more so on its 1D MA200 (orange trend-line), which has been a major Resistance throughout this bearish trend. As you see, the last two emphatic rejections for MKRUSDT have been on exactly on the 1D MA200 (April 05 and May 11 2022) and both resulted into strong sell-offs below the 1D MA50 (blue trend-line). With the 1D RSI rejected also on the 80.000 vastly overbought level (the highest RSI reading since April 22 2021), it is quite likely that the price will follow a similar selling sequence, on the short-term at least, towards the 1D MA50 or even the 4-month Support Zone (651.00 - 583.00). Yesterday's rejection simply shows that technically, the coin remains bearish on its +1 year selling pattern. In order to see a reversal on its long-term trend to bullish, we need to see the candle closing above the 1W MA50 (red trend-line), which has been unbroken since December 09 2021. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
10
I get BULLISH when they get BEARISHMaker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage 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. Catalyst: LOW FLOAT COIN - Less than 1 million coins available - my favorite type of investment Do you due diligence
Long
by DivergenceSeeker
MKR Maker Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum: The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable. Token and stablecoin holders might panic and start liquidating their holdings. In this context, price target for MKR Maker is $660. Looking forward to read your opinion about it.
Short
by TopgOptions