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MKR : With a potential 50%-500% profit possibility for midterrm.Throughout 2022, Maker (MKR) has been in a downtrend, which is to be expected given that the whole crypto market has been bearish. The price of MKR has declined by around 80% since the beginning of the year. The price of MKR went as low as $570 in September of this year, the lowest in almost two years for Maker. Nonetheless, after finding support in that area, MKR has been in a correction. More recently, the price of MKR has increased by around 100%, making Maker one of the best performers in the market for the last 30 days. Buyer sentiment has improved significantly as traders are hopeful that this momentum may continue in the coming days/weeks. Here is a full list of some of the best performers of this in the market: Top 7 Day Gains | CoinMarketCap 🚀 🥇 Huobi Token $HT +76% 🥈 TerraClassicUSD $USTC +73.5% 🥉 Quant $QNT +16.7% 4. Ethereum Name Service $ENS +14% 5. Hedera $HBAR +13.2% 6. Maker $MKR +9.7% 7. Terra $LUNA +8.1% But before we estimate how the price of MKR can move, we have gone through both the fundamental and technical factors of Maker. When we come to the Technical Analysis part Maker has been on the rise in the 1-day chart. The price of Maker, however, failed to break resistance at around $1170, which coincides with the previous swing high of MKR. When looking at the 1-day chart, we could notice a possible rounding bottom pattern. Moreover, given the recent retracement of 23.6% at around 1032 USDT, we could see a potential cup-and-handle pattern form, which could be an indicator of a potential breakout in the coming weeks. The Fibonacci retracement levels suggest that the price of MKR has retraced to the 50% level at 882 USDT to be precise. While this level is not widely recognized as a Fibonacci level, many analysts take the 50% level as a legit level that the price can retrace. With buying pressure still high, MKR could use this support at $876 and aim for a higher price. We could see MKR retest resistance in the coming days, other things considered equal. Indicators The fear and greed index suggests that there is relatively less fear for MKR traders due to the recent increase in the price. The recent retracement has kept the fear factor quite eminent, but the overall sentiment has improved for Maker adherents. Both the 20-MA and 50-MA of a 1-day chart is currently below the price of MKR, suggesting that the short-term trend is now bullish. The same applies to the 9-EMA of a 1-day chart. The EMA line could momentarily act as support to the price if the latter attempts to decline further. The RSI of a 1-day chart was recently above 70, making MKR overbought. Hence, traders expected the recent retracement. Nonetheless, now the price is slightly below 70, meaning that the momentum remains bullish and that MKR could have more space for growth in the coming days. The MACD line of a 1-day chart is above the signal line and above the baseline, meaning that the momentum is quite bullish for Maker (MKR). However, the lines are currently converging due to the recent retracement, meaning that the momentum may shift easily in the coming days. Regarding the fundamental Analysis points there are various reasons why Maker has been performing well recently. One reason could be that its main competitor is not performing well. As you may or may not know, Maker fuels the production of DAI tokens, which is a direct rival to UST and LUNA. Since UST is failing to re-peg to USD, making DAI ultimately the better deal out of the two. According to experts, another reason for Maker’s recent increase in price is the increased support by institutional whalers. Statistics show that top ETH whalers alone hold millions worth of dollars of MKR tokens. More precisely, the top 500 ETH whales currently hold around $50 million worth of MKR tokens. More recently, MakerDAO has devoted to investing $500 million in US treasuries and bonds to hedge the risk from this bear market by diversifying the balance sheet of the project. Since Maker is a decentralized autonomous organization (DAO), the decision was done through the decentralized governance that Maker has. Such measures were perceived as necessary by many given the scandal that occurred with Terra (LUNA) and the UST stablecoin a few months ago. So What is MKR's Price Prediction look like then? Based on this analysis of Maker (MKR), we could expect the price of MKR to increase in the coming days given that it found support at $880. The price of MKR could retest resistance in the coming days, and it could aim for around $1,500 in the coming weeks. As for the longer run, MKR has recently hit the lowest point in almost two years. Because of that, traders could now argue that MKR has all the space it needs for growing in the coming months. The project in itself is quite promising, and with more institutional backing, we could see MKR for $5,000 in the coming months, ceteris paribus. Conclusion : - Maker (MKR) increased by 100% in the last 30 days. - Technical factors suggest that MKR could increase in the coming days. - Maker’s recent growth could be attributed to the poor performance of UST as well as ETH whalers that have pushed the price of MKR upward. - MKR could aim for $1,500 in the coming weeks, and further for $5000 in the months coming after, other things equal. If you do agree with this particular idea please don't forget to show your appriciation by dropping your likes. If you disagree with any of the issues raised in here please do consider to drop your comments and lets share ideas and lets learn from each other. With regards. Nathnael B.
Long
by cryptotalk_et
NIFTY50 is looking Bullish.#NIFTY50 is looking Bullish. 🤑 Nifty is likely to be Bullish till it's above 16990. ❓ Reason: Because Nifty is very far away from Bears Target in ATM Machine Indicator on Hourly Chart. 🚧 Upside Hurdles: 17070, 17140, 17270, 17340, 17450. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 🔴 Long Term Trend is Negative. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYLong
by OhoTrading
Trading FlowchartHello, dear TradingView members. This educational idea is a Trading Flowchart. It starts with simply explaining the main steps to make before trading and opening positions and how to identify our situation to gain better results. Before we start to trade, we should identify the trend. What is a trend? A trend is a direction in which an asset's price changes over time. Financial market traders identify market trends with the help of technical analysis. Technical analysis is a framework that identifies market trends as predictable price trends within a market (when the price reaches a support or resistance level). Since future prices are unknown at any given time, a trend can only be determined in hindsight (vs. forward). However, this shortcoming does not stop people from predicting future trends. The terms "bull market" and "bear market" represent increasing (rising) and decreasing (descending) market trends, respectively. Peak and bottom: In the price chart, the bottoms are the points where the demand pressure exceeds the supply, and the prices start to rise after a period of decline. On the contrary, the peaks are the points where the supply pressure exceeds the demand, and the prices start to decrease after an increase. There are three types of trends in general: Uptrend (Rising trend) Sideways trend Downtrend (Declining trend) Uptrend (Rising trend): When the price of a symbol or asset increases generally, the price trend is said to be bullish, bullish, bullish, or bearish. An increasing trend does not mean that the prices always have an upward movement; the price may sometimes go up and sometimes go down, but the result of this fluctuation is the price increase. The rising trend in the price chart can be recognized by looking at rising floors (when the new price floor is higher than the previous floor). Sideways trend: A lateral trend line is formed when the market remains stable, i.e., the price does not reach the highest or lowest price point. Many professional traders do not pay much attention to lateral trends. However, lateral trends play an essential role in scalping trades. Downtrend (Declining trend): When the price of a symbol or asset declines generally, its price trend is bearish, bearish, bearish, or bearish. A downward trend, like an upward trend, does not mean that the prices will always go down, but it means that the price may sometimes go down and sometimes go up, but the result of this fluctuation is a price reduction. A downward trend in the price chart can be recognized by looking at falling peaks (when the new price peak is lower than the previous peak). One way an analyst can see a trend line is by plotting trend lines. A trend line is a straight line that connects two or more price points. This line continues on the chart as a support or resistance line. An uptrend line is a straight line drawn to the right and up, connecting two or more low points. The second low point in drawing the upward trend line must be higher than the starting point. Uptrend lines support and show that even as prices rise, demand is more significant than supply. As long as prices remain above the trendline, the uptrend is considered unchanged. A break below the uptrend line indicates that a change in our trend may occur. A downtrend line is a straight line drawn to the right and down that connects two or more high points. The height of the second point must be lower than the first point so that the line has a downward slope. Downtrend lines act as resistance and show that supply is greater than demand even as the price declines. As long as prices remain below the trendline, the downtrend is considered intact. A break above the downtrend line indicates that a change in trend may occur. Familiarity with trend analysis Trend line analysis is a technique used in technical analysis. Trend analysis seeks to predict the price of a currency in more distant intervals with the help of data obtained by trends. Trend analysis uses historical data like price movement and trading volume to predict long-term trends in market sentiment. Trend analysis tries to predict a trend, such as an uptrend in the market, and follow that trend until the data indicates a trend reversal. Trend line analysis is essential because trends' movement ultimately leads to investors' profits. Examining a trend with the help of historical data of the desired currency predicts the future price of that currency for traders. Trading strategies with trend lines Now that we understand the meaning of trend lines and their types let's look at the strategies many traders use to identify trends and learn when it's the best time to open positions. To try to make better predictions on how the market will behave, so we can trade safer, we can use indicators. What are indicators? In technical analysis, a technical indicator is a mathematical calculator based on price history, volume, or (in the case of a futures contract) options contract information related to the timing of the contracts, which aims to predict financial market trends. Technical indicators are the central part of technical analysis and are usually designed as a chart pattern to predict market trends. Indicators are generally placed on price chart data to show where the price is headed or whether the price is in an oversold or overbought state. Many technical indicators have been developed, and new types have been invented by traders to obtain better results. New indicators are often simulated on historical price and volume data to see how effective they have been in predicting future events. Here are a few examples of those indicators: The Relative Strength Index (RSI): The Relative Strength Index (RSI) is a strategy that helps identify currency price movements and buy and sell signals. RSI determines the positive and negative trend of the stock price by observing the average profit and loss in a certain period. The RSI is a percentage ranging from zero to 100 on a scale. Here is a complete educational idea of how RSI works: Fibonacci Retracement: Fibonacci Retracement is a method of using the Fibonacci tool in the chart of a financial asset, which is used to determine the amount of price correction and find possible return points (support and resistance) of that asset, starting from the endpoint to the particular initial. Here is a complete educational idea of how Fibonacci Retracement works: There are many more indicators we can use to get a better understanding of the market. For example, The Elliot Waves, Ichimuko Clouds, MACD, and The Bollinger Bands: I hope this flowchart gives you a better perspective on how to trade safer. Have you ever used this flowchart accurately? What do you think the pros and cons are? Do you think I missed something? Let us know your ideas. Good luck.
Education
by ShawnMCR
111
Fundamental BTCUSDT Pair Analysis of 2022 Last Quarter phaseOur market analysis shows that we have reached end of the BTC-DEAD cycle period for BTCUSDT pair . Green line indicates strong oversold consonant with blue line which indicates demand for SHORT positions in the market is reducing proportionaly. The symmetry alights over weekly period for Price Action of the Asset hence indicating strong market reversal is imminent We expect sharp rise to 20,500 mark within couple of days, then slight retraction to 19,300 level and next pull towards 25,000 whereby new support levels will be established for long term bull market. We also expect altcoins to follow similar pattern as mentioned and gold commodities to take inverse pattern as usual.
Long
by wikitrades
NIFTY50 is looking Bearish 🤑 Nifty is likely to be Bearish till it's below 17070. ❓ Reason: Because Bears Locker is open on ATM Machine Indicator Hourly Chart. 🚧 Dowside Hurdles: 16960, 16805, 16695. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🔴 Positional Trend is Negative. 🟡 Long Term Trend is Neutral. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYShort
by OhoTrading
NIFTY is looking Bearish🤑 Nifty is likely to be Bearish till it's below 17375. ❓ Reason: Because Trailing Stop Loss is above the Price of Nifty in ATM Machine Indicator Hourly Chart. 🚧 Dowside Hurdles: 17245, 17115, 16980. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🔴 Positional Trend is Negative. 🟡 Long Term Trend is Neutral. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYShort
by OhoTrading
Updated Delta/Gamma IndicatorUpdated Delta/Gamma Indicator to include the strikes for the current strategy. You will be able to leave it blank to generate the strikes. You can use the Indicator on ES Futures as it sources SPX and VIX directly. I wanted to show you all the delta accumulation of JHEQX around the first 20 Days (and 20D moving average) The accumulation of delta in the first 20 days is a fairly good leading indicator for where the rest of the quarter is going to go. The reset of the hedge also predicts many tops and bottoms throughout the recent years. Late 2018 & Early 2019 Negative accumulation to expiry, flipped positive, reset and accumulated just over 20D Cause If you zoom out and see look at the volume during the 3 weeks prior to end of quarter (quad witching) . Effect A lot of deltas and gamma roll off after a quad witching. This frees up the indexes just as JHEQX gains strength 3 weeks prior to its end of month expiry. Tiny Update (JHQTX) The smallest and current just rejected the ITM Put. Short Squeezes if 3800 breaks. Mamma Update (JHQDX) Mamma is deep ITM put territory and reaching strongest effects the final 3 weeks prior to expiry. Under 3600 gamma will flip positive (supportive). At 14k contracts, Mamma can not bounce the titanic, but in the past quarters it finds a way to stay out of the money. Expect Momma to try and run up to 3900 in the last 3 weeks of October. This fits in with my idea that the next CPI will print lower and provide a short term bottom for indexes.
CME_MINI:ES1!
by SPYvsGME
14
NIFTY is looking Bullish🤑 Nifty is likely to be Bullish till it's above 17245. ❓ Reason: Because of two consecutive candles closed above ATM Machine Target and not much far away. 🚧 Upside Hurdles: 17340, 17395, 17535. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 🟡 Long Term Trend is Neutral. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺ @OhoTrading
NSE:NIFTYLong
by OhoTrading
NIFTY50 is looking Bullish.Nifty is likely to be Bullish till it's above 17260. ❓ Reason: Because of Two consecutive candles closed above ATM Machine Target Point on hourly chart. 🚧 Upside Hurdles: 17340, 17535, 17645. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 🟢 Long Term Trend is Positive. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYLong
by OhoTrading
JUST ONE INDICATOR TO WIN 90% OF YOUR TRADING OPTIONS.....HELLO GUYS..... welcome back to all of you here ... it was so long time working to make this news strong indicator to make the trading easier and to know the best candle to open our new postion and it ll try to explain it shortly and what we can see here >>>> ===================================================================================================================================================================================== 1- the best moving average ( 60 EMA ) >>>> 2- two fast WMA ( 6 WMA/ OPEN ) (6 WMA /CLOSE) and when we see that cross between it .. it ll lead us to get ready for the next step >>>>>> 3- strong colored background signals depending on ( smooth 7 WMA/ohlc4) ... and it can get the best ttime to open our new postion >>>>> 4- red and green cross signals on the chart candles and it depends on 7WMA moving average >>>>>>> 5- you can see finally strong auto support and resistance lines .. and u don't need to draw it >>>>>> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ this indicator can work on all time frame and on allllll assets u want .... and i ll link some pictures for that ...... if u have any questions send me massage ==================================================================================
G
by MOHAMAD-KL
5
Regarding the SR_R_C (Stoch RSI + RSI + CCI) indicator...Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- We use several methods to analyze charts. When you start studying charts, you study a lot of things. However, you should forget everything you have studied, trends, patterns, and indicators when conducting real trading. Otherwise, it is because you are stuck in the studied frame and try to fit the chart into the studied frame without interpreting the chart movement as it is. I think that this behavior makes you analyze charts with subjective thoughts, which increases the chances of creating a wrong trading strategy. To prevent this, we will explain a new indicator. The SR_R_C indicator is a combined indicator of the Stoch RSI, RSI, and CCI indicators. - The set values ​​of the Stoch RSI indicator are 14, 7, 3, 3. It is displayed as one line by treating it as the middle value of the K and D lines. - The setting value of the RSI indicator is 14. Instead of the existing Close value, we tried to maintain the continuity between the oversold section and the overbought section by calculating the Heikin Ashi Close value. RSI indicators are displayed in columns. - The set value of the CCI indicator is 9. When the CCI value rises above the +100 point, it is marked as overbought, and when it falls below the -100 point, it is marked as oversold. CCI indicators are displayed in bgcolor. There are a lot of information on how to interpret each indicator if you search. However, you can read the searched content and forget it. The detailed interpretation method can add subjective interpretation to the objective information that can be obtained through the index, so you can forget about the method of interpretation of the index itself. The core interpretation method of the SR_R_C indicator can be interpreted that if two or more of the three indicators are defective, a reversal of the trend is highly likely. For example, if two or more of the Stoch RSI, RSI, and CCI indicators are in the oversold zone, it can be interpreted that there is a high possibility of turning into an uptrend. Conversely, if it enters the overbought zone, it can be interpreted that it is highly likely to turn into a downtrend. Trend patterns such as Fibonacci, Harmonic, and Elliott waves will show the result of the discussion depending on the selected point. Therefore, in order to use these patterns, indicators, and tools, the selection of a selection point is the most important. However, I think that auxiliary indicators, such as MACD, RSI, Stoch RSI, CCI, etc., can help to obtain objective information because there is no point of choice. In conclusion, the reason for analyzing the chart is to make a trading strategy based on the analyzed content to make a successful trade, so it is important to analyze the chart in the most objective and essential way. Even with any of these indicators, patterns, and tools, critically choosing the wrong support and resistance points will lead to trouble crafting a trading strategy. Therefore, solid learning of support and resistance points is required before studying or utilizing all indicators, patterns, and tools. Thank you for reading this long article to the end. For reference, all indicators included in this chart can be used normally if the chart is shared. Also, you can copy and paste the indicators to other layouts to use them neatly.
Education
by readCrypto
2
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum . With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. EGLD/USDT short Entry Range: $47 - 49 Price Target 1: $42 Price Target 2: $39 Price Target 3: $30 Stop Loss: $56
Short
by BuySellMarketMaker
ASX Trades - AVL Long IdeaDisclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome! Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July. A clear base has formed at the 0.041 level during this consolidation period. Trade idea will be validated by an increase in buying volume, causing a breakout above the consolidation pattern. If price retests and confirms the 0.050 level as support, and RSI is above 50, then I will enter the trade. Initial stop loss will be below the pattern, and targets will be the previous monthly open prices (the dotted blue lines). The 9EMA will act as a trailing stop when/if the trade is active. This is a swing trade, which I will hold for 1-3 weeks depending on the market's movements.
ASX:AVLLong
by Amjoinery