🆓Maker (MKR) Aug-30 #MKR $MKRMKR is heading to the support area of $3200, this is a strong support area and can completely help MKR increase strongly in the near days to the areas of $4000, $4800 and $6400. But if it loses the $3200 area, then the $2800 area is the next strong support we need to pay attention to
📈BUY
🔴Buy : 3120-3280$. SL if B
🔴Buy : 3900-4100$ if A. SL if B
📉SELL
🔴Sell : 3900-4100$. SL if A
🔴Sell : 4700-4900$. SL if A
🔴Sell : 6300-6500$. SL if A
♻️BACK-UP
🔵Buy : 2730-2870$. SL if B
❓Details
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
MKRUST trade ideas
MKRUSDT is creating a descending channel 🦐MKRUSDT is creating a descending channel inside a daily ascending channel. If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
MKRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, we have drawn a support line for you dear ones, to which the price has reacted. Currently we have two price scenarios that we have shown you on the chart.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3485.14).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 4100.14
TP2= @ 4628.64
TP3= @ 5359.64
TP4= @ 5853.13
TP5= @ 6346.62
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in MKRUSD @MakerDAOTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3485.14).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKRUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 4100.14
TP2= @ 4628.64
TP3= @ 5359.64
TP4= @ 5853.13
TP5= @ 6346.62
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 / Crypto 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 ❤️
MKRUSDT (Maker) - Coin of the Week Maker (MKR) is the governance token of the MakerDAO and Maker Protocol, which are both built on the Ethereum blockchain and allow users to create and administer 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.
Technically, when we look at the 4h chart we see an up move that started on the 20th of July that continues to make higher highs in this structure. For the next high probability move, we see a correction that will probably reach the blue trendline marked on the chart and then a continuation to the upside. Potential target for this move is the resistance area marked on the chart at 4200 USDT. If the price breaks the blue trendline and consolidates below we may see a move to reach the low again (lower probability move).
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
MKRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, according to the previous analysis, we said that if the line breaks, there is a possibility of price increase, and as you can see, we expect it to reach our target if the price is above the support line. But in case of failure of the support line, we consider the fall to the next support line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
MAKER on da move!MAKER seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 5100 and even higher. Let's MAKE it! ⛽↗️
ENTRY : local high @ 2846
SL : local low @ 2506
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @5100
RRR : 6
INVALIDATION : when SL level hit
Like👍, follow✒️, enjoy📺!
Maker analysis soon a bullish rally* Maker is in a consolidation between it's major resistance and the below trend line.
* Every time the price touches the below trend-line it bounces back to it's resistance.
* The 50 Moving average is now below the price as the support. Which previously was moving above the price.
* The maker even forms a double bottom pattern ( trend reversal pattern appears ) with the major resistance as it's neckline.
* If the price breaks the major resistance we can expect a new bullish trend.
MKRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. In the high time frame, we see the head and shoulders pattern, which reduces the price. But in the lower time frame we see a flag pattern that if the upper line of the flag is broken we can see the price increase. We wait and wait until the price can break the flag ceiling.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
MKRUSDT is testing the weekly resistance 🦐MKRUSDT is testing the weekly resistance after a breakout from the daily . IF the price will have a breakout form weekly resistance and retest it as new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.