Maker
Maker Will Grow vs Bitcoin, Here Is Why!This chart is very interesting because of so many signals to look at...
This is MKRBTC (Maker) with 3 days (3D) candles.
Let's get straight to it!
Maker vs Bitcoin (MKRBTC) Bullish Chart Signals
We have the "w pattern" in blue. Signals a low/bottom.
(After a low/bottom prices grow).
We have a low 12-May followed by a lower low 13-June.
(The "same pattern", this can lead to a strong bullish breakout).
Very strong 3D reversal candle 12-June.
Currently trading above EMA50.
Very strong value on the RSI indicator.
That's all... These are all bullish signals.
The targets are on the chart.
Namaste.
Maker (MKR) formed big bullish Gartley for upto 665% huge pumpHi dear friends, hope you are well and welcome to the new trade setup of Maker ( MKR ) token.
On a monthly time frame , the price line of MKR has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Maker.USd (Y22.P3.E1).Target reachedHi Traders,
Hope all is well with you.
If you have been watching my posts, you know I made the right calls on a few charts of recent, especially on the macro level.
I'm still interested for shorts and BTC still looks weak so 18 to 19k is more likely to happen.
The 200 W SMA is holding it but it wont last if the FED announces a 75 point increase.
Don't catch a falling knife.
BTC dominance is dropping so the ALTs would rally and hence at the right time, we can find a good short entry.
Maker was one I was looking amongst many so might as well post it.
All the best,
S.SAri
MKR - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
MKR is overall bearish trading inside our orange channel. For the bulls to take over from a long-term perspective, we need a break above the upper orange trendline and 2000 resistance zone in blue.
Meanwhile, since we are approaching a demand zone and round number 1000, we will be looking for buy setups on lower timeframes.
H1: Right Chart
MKR is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, MKR can still trade lower inside the demand zone in green. In this case, we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Maker (MKR) - Bearish 2022Maker (MKR) will need to hold a major level of support at around: $1050.00. Any daily red candles that close bellow this level will be a concern, therefore pushing us further down to: $855.00 level. Not much support bellow the current level of support resulting in a -20/-30% drop! In order for Maker to remain bullish; will need to see a green daily candle close above resistance level of= $1388.
Marker breaking out? I know that title might sound a bit weird considering what we have just seen on the crypto boards in the last several days, but take a look at MKRUSD traders. We have a lower break rejection with short-term support. After this point was reinforced yesterday, we saw a 10% rally to close out Thursday. Today’s picture continues to look good, with a dominant trend break off today’s 28% gain (at this point).
If buyers can hold the majority of today’s gains and set up a new higher low after the next retrace, this could be the start of a new short-term trend higher.
TradingView community, what are your thoughts?
MKRUSD The striking similarities with Bitcoin's 2018 Cycle.This is a remarkable resemblance between Maker's (MKRUSD) price action since the May 2021 High with Bitcoin's (BTCUSD) Bear Cycle of 2018. I've mentioned numerous times that the crypto market's price action in the past +12 months can be viewed as a smooth (for crypto standards) Bear Cycle as a whole.
As for Maker's 2021/22 price action we see that it shares striking characteristics with Bitcoin's 2018 Cycle:
* The rebound after the initial crash that followed the Market Top, reached as high as the 0.618 Fibonacci retracement level.
* After that, both Cycles started a gradual decline under a Lower Highs trend-line.
* That eventually led to a capitulation sell-off , where Maker is at today and where Bitcoin formed its December 2018 bottom and then started to slowly recover into the new Bull Cycle.
* That capitulation sell-off is similar in both cases (-58% for Maker and -52% for Bitcoin).
* Bitcoin made the Cycle bottom on the -0.5 Fibonacci extension (measured from the initial crash's low). Maker's -0.5 Fib ext is around 935.00, not far from today's 1030 low.
* Bitcoin's 2018 Bear Cycle from top to bottom lasted for exactly 1 year. Maker completes 372 days today from its May 2021 High.
What do you make of all those striking similarities? Has Maker bottomed or is it about to and gradually start a new Bull Cycle? Why do you think it has copied so closely Bitcoin's 2018 Cycle after all? Let me know in the comments section below.
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MKR parallel channel or flag#MKR/USDT
$MKR is inside ascending parallel channel and near the lower line.
🐮 holding the lower line will increase price to upper line of channel that is the same with resistance zone around $2000.
🐻 this channel can act as flag pattern so break down from lower line of channel will drop price to support zone around $1700.
BALBalancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.
To learn more about this project, check out our deep dive of (coinmarketcap.com
MAKER - Easy Money Maker ✨We saw a 5 wave impulse at the start of 2021 followed by a massive ABC correction which lasted almost a year. We are now expecting the next 5 wave impulse to take to ATH and higher.
Maker is really susceptible to volatility wicks so be careful when trading.
Trade Idea:
- Swing entry now with stops below the lows
- You can also wait for lower timeframe pullbacks to enter to reduce your risk (smaller SL placement)
- Targets: 4000, 6100, actively manage the rest
Goodluck!