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Maker

$MKR/USDT 8h (Binance Futures) Ascending triangle on support#Maker DAO is looking ready for a big move up like his little brother Compound already did. On lower Time Frame we can see an ascending channel forming as well, this could lead the way up if doesn't pull-back more. Current Price= 544.91 Buy Entry= 544.80 - 534.00 Take Profit= 561.69 | 586.21 | 617.15 Stop Loss= 517.11 Risk/Reward= 1:1 | 1:2.68 | 1:4.21 Expected Profit= +8.26% | +17.36% | +28.82% Possible Loss= -8.26% Fib. Retracement= 0.382 | 0.786 | 1.272 Margin Leverage= 2x Estimated Gain-time= 720h
Long
by TradingOn
Maker Price Prediction: MKR Poised For Breakdown To $500 Maker holds at ascending channel support after rejection at $600. MKR/USD could explore levels below $500 if the 50 SMA support caves in. Maker, a leading project in decentralized finance (DeFi) is showing signs of retreat. The bearish outlook comes after another rejection from $600. At the time of writing, Maker is exchanging hands at $535. It is also holding at the ascending parallel channel lower boundary. Bulls are very keen on holding onto this support because a retreat below this zone could open the Pandora box. The DeFi ecosystem has revolutionized finance in the blockchain industry. It possible for individuals to stake, take collateralized loans, and stake across multiple decentralized platforms. Maker has had a remarkable performance in the sector this year. The funds locked in the project have increased drastically from around $200 million in January to $1.8 billion. Over the last 24 hours, the value of funds locked has decreased by 6%. The retreat is not alarming for the project owing to the losses posted by other DeFi projects as per the data by DeFi Pulse. The Relative Strength Index (RSI) has retraced from the overbought area, highlighting the bearish grip. If the channel’s support caves, the next target is the 50 Simple Moving Average (SMA). It is essential that buyers hold above this SMA. Otherwise, the bearish party is likely to continue with losses likely to hit levels around $500. The 100 SMA in the 4-hour timeframe will absorb some of the selling pressure. IntoTheBlock’s IOMAP model reveals a lack of substantial resistance towards $600. The range with the most concentration of sellers lies between $538 and $553. Previously, 1,200 addressed bought 79,000 MKR. If this level is turned into support, MKR/USD could start the rally back to $600. On the flip side, robust support lies between $490 and $505. This means that Maker could still plunge to $500. Maker Intraday Levels Spot rate: $536 Percentage change: -6.8% Relative change: -40 Trend: Bearish Volatility: Low
COINBASE:MKRUSDShort
by CoinGape
2
DAI Project Overview & Chart Analysis- Here we have good consolidation, good volume coming in and prices moving above EMA10 (green line on the chart). - The "moving above EMA10" signal is only confirmed when the weekly candle closes, which is after Sunday. If prices move and close below EMA10 weekly you can disregard this signal as it is invalidated. When the signal is yet to be confirmed, we call it an "early signal". This is one of those. - We also have a Falling Wedge pattern. Both trendlines, candle close and wick, are now being conquered. (The are bullish signals of course) -The RSI is strong above 44... Remember that we are looking at the weekly timeframe, above 30 is good here. When we look at the daily timeframe, we look for an RSI above 40 to consider it good and above 50 to consider it strong/bullish. -Finally, we have the MACD which is printing bullish cross coming out of the lows and the histogram just printed the first green bar... This can easily lead to higher prices: This one is a stablecoin so it is also good if you just want to park some money there... Same as with Paxos Standard. If the BTC pair goes low, you can always cash out your initial value through the USD pair. This is not financial advice. Remember to do your own research and build your own plan before you trade. Namaste.
Long
by AlanSantana
1
#MKR/BTC (June 21)MKR is being manipulated because it is difficult to predict the upcoming direction of MKR. So we have 2 plans for it: - The main trend is to continue to dump and should not hold and wait to buy in two zones are around 0.04 BTC and around 0.03 BTC. These are 2 zones you should buy because it will pump back quite strong. - We can see that the selling volume is falling sharply but to be sure, we should wait for the MKR to surpass 0.06 BTC to buy with a target price of 0.09 BTC
Long
by CryptoStation
3