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MKRWETH_C2ADDA.USD trade ideas

Potentially a good time for LONG MKR/USDHello everyone, let's look at the 1W MKR to USD chart, in this situation we can see how the price created a lower low with the last drop, what is important is that now it goes up creating a new higher local high. What's more, we can see how the ema cross 50 and 200 approached each other, but the price exiting upwards should maintain a long-term upward trend. We can also see how the whole thing is moving in a descending triangle, but an exit from the yellow downward trend line upwards can give a new strong upward movement. Let's start by defining the goals for the near future that it has to deal with, and here you can see how the price bounced off the first target: T1 = 1631 USD T2 = 2159 USD Т3 = 3015 USD Т4 = 3607 USD As for support or potential stop-loss when opening a long, we need to consider a strong support zone from $1028 to $542, with the level around $790 being key, as it is our last lower low in declines. The RSI and STOCH indicators show an attempt to break out of the local downtrend lines upwards, which may also have a positive impact on the next price movement.
COINBASE:MKRUSDLong
by cryptodailyuk
Testing Key Support at $1,200 The price recently had a strong rally but is now in a short-term downtrend after failing to sustain highs near $1,900. The price is currently below the middle Bollinger Band (moving average), signaling bearish momentum. A potential support zone is around $1,200, near the lower Bollinger Band. Widening Bollinger Bands indicate increased volatility. The price is approaching the lower Bollinger Band, which could act as a support level. Support: $1,200 (Lower Bollinger Band), $1,000 (Psychological Support) Resistance: $1,400 (Middle Bollinger Band), $1,500 (Recent high before drop) Bearish Continuation: If selling pressure increases and price breaks below $1,200, it may decline further to $1,000.
COINBASE:MKRUSDShort
by Sahrin
$MKR Market Update📊 CRYPTOCAP:MKR Market Update Welcome to today's analysis! Let’s take a look at CRYPTOCAP:MKR and its key price action. 🌐 Overview: CRYPTOCAP:MKR Testing Key Resistance 📈 CRYPTOCAP:MKR is currently testing the red resistance zone. A breakout above this level could push the price toward the green line target. 🔄 Current Scenario: CRYPTOCAP:MKR is facing strong resistance, and price action is testing this key level. A successful breakout could lead to further upside, while rejection may result in a pullback. 🔑 Key Levels to Watch 🔴 Resistance Zone: Red Zone (Needs breakout for continuation) 🟢 First Target: Green Line (If breakout succeeds) 🛠️ Trade Scenarios 📌 Bullish Scenario (Breakout Above Resistance) If CRYPTOCAP:MKR breaks and holds above the red resistance zone, it could move toward the green line target. 📌 Bearish Scenario (Rejection at Resistance) If CRYPTOCAP:MKR fails to break out, we could see a pullback or consolidation before another attempt. 📌 Conclusion CRYPTOCAP:MKR is at a crucial resistance zone—a breakout could lead to a strong rally, while failure to break may result in a retracement before another attempt.
COINBASE:MKRUSD
by WaveRiders2
MKRUSD: Channel Down bullish wave starting.Maker has just turned neutral on its 1D technical outlook (RSI = 46.979, MACD = -66.220, ADX = 40.770) as it hit the bottom of the 1 year Channel Down and bounced. The 1D RSI shows that we are on a similar rebound as on the October 25th 2024 bottom but needs to be validated by a crossing above the 1D MA50. The two bullish waves before that have posted a price increase of +127.15%, so there is no reason to expect otherwise if the 1D MA50 is crossed. Be ready to go long (TP = 1,780). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MKRUSDLong
by InvestingScope
Lower Bollinger Band Signals Further Declines The current trend shows consolidation after a prolonged bearish phase. The middle Bollinger Band could act as dynamic resistance or support, depending on the breakout direction. Narrowing of the Bollinger Bands suggests lower volatility, often a precursor to a significant price move. A break above $1,700 could confirm a bullish reversal. A drop below $1,200 may signal continued bearish pressure. A breakdown below the lower Bollinger Band could indicate further declines. Target levels: $1,200, $1,000.
COINBASE:MKRUSDShort
by Sahrin
1
MKRUSD (1W) - buy the dipHi traders, Here it is my idea for a long position on MKRUSD (1 week time frame). The price hit a local high in July 2024 and hit another high in November 2024, meanwhile the price hit the SMA (in November 2024) that acted as a resistance and the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The buy area is between 1,732.57 and 1,368.88 . We will put our first take profit at 2,891.86 where there was an high in July 2024 and the second take profit at 3,926.12 where there is the local high. Good luck!
COINBASE:MKRUSDLong
by vf_investment
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit. Let's start by setting goals for the near future, which include: T1 = $1664 T2 = $1982 T3 = $2,503 AND T4 = $3,327 Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
COINBASE:MKRUSD
by cryptodailyuk
1
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit. Let's start by setting goals for the near future, which include: T1 = $1664 T2 = $1982 T3 = $2,503 AND T4 = $3,327 Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
COINBASE:MKRUSD
by cryptodailyuk
Maker The price has consistently made lower highs and lower lows, indicating sustained bearish momentum. The bands are expanding, which indicates an increase in volatility. There seems to be a 20-period moving average (middle line of the Bollinger Bands), which the price recently crossed below. This signals bearish momentum. There are a few spikes in volume, particularly during the large price drops. This increase in volume during sell-offs suggests strong selling pressure. Support: The nearest support is around $1,431.81, which is the lowest price visible in the chart. If the price breaks below this level, it may head towards lower support zones. Bearish Bias: The price action, moving averages, and positioning near the lower Bollinger Band suggest a bearish trend.
COINBASE:MKRUSDShort
by Sahrin
Maker The price is approaching the lower Bollinger Band, indicating potential oversold conditions. This could suggest a possible bounce or a continued downtrend if it breaks further below the lower band. Resistance: There is strong resistance near the $1,800-$1,900 region, where the price had multiple rejections in late July and early August. Support: Immediate support is around the $1,470-$1,500 region, which the price is currently testing. This level is crucial, as a break below could signal further downside toward $1,300-$1,400 levels. The market has been in a consistent downtrend since mid-July, as seen with lower highs and lower lows. The price remains below the 20-day moving average (middle line of the Bollinger Bands), reinforcing bearish sentiment. The volume appears to be slightly decreasing. Low volume during a downtrend could indicate weakening selling pressure. However, a spike in volume without a price reversal may signal a continued decline. Bullish: If the price holds above the current support level ($1,470-$1,500), we could see a rebound toward the middle Bollinger Band (around $1,600) or even the upper Bollinger Band if the bullish momentum grows. Bearish: If the price breaks below the lower Bollinger Band, a fall toward the next support zone ($1,300-$1,400) is likely, indicating further downside risk.
COINBASE:MKRUSDShort
by Sahrin
MAKERUSD to Reach Recent High/Make New HighAfter breaking recent Gann Method line (first Buy signal above yellow line), the coin came down back to the Gann Method line. It is a perfect example of how prior resistance becomes support. After breaking the resistance, it went up, and then pulled back to retest that resistance level but this time, as a support. Now, the target is prior high of 3,086.60, with the stop of 2,705.70, a 2.08:1 risk:reward ratio. And possible 2nd target of just above 3,200
COINBASE:MKRUSDLong
by ADmytrenko2