MKR to 2024 in 2024 "E wave and Fib Analysis"MKR is Life Maker as we all know this One
WHAT A COIN to trade
Just AMAZING !
Just saw the next trade based on the Wave trend analysis
@1420
we are looking to follow the bigger GREEN wave in the 5th wave
this 5th wave can come in 3 waves
like the previous two did (Marked Yellow)
BUY @1420
TP1 1764
TP 2 1876
TP3 1987
TPX 2024
This is happening in the beginnig of 2024
Lets see if this Baby is gonna make it to 2024 in 2024
We have Higher targets for this one
As Last waves FIB 1.619 is @2313
but that we shall discuss at higher zone
for now a trade is marked on chart
this is based on a pattern recently formed on Daily
I am following this
Lets try to love this entry till the targets
"thats the idea"
keeping SL below last swing low 1211
Mkrusdidea
MKR/USDT : Anticipate a rally towards the 1200-1300 USDT range ?
In this MKR/USDT technical analysis, we delve into the potential trading opportunities for Maker (MKR) against the US Dollar Tether (USDT).
1. Buying Area at 850-880 USDT:
The MKR/USDT pair has established a significant buying area in the range of 850-880 USDT. Traders looking to enter the market may consider long positions within this range, taking advantage of the historically favorable risk-reward ratio.
2. Rally Towards 1200-1300 USDT:
Our analysis indicates a high probability of a potential price rally in the MKR/USDT pair. Following the establishment of support in the buying area, a bullish momentum can be expected till 1200-1300 USDT range.
3. Bullish Order Block Confirmation:
Adding to the bullish outlook, the presence of a bullish order block within the buying area (850-880 USDT) enhances the potential for an upward move.
This aligns with our analysis of the buying area as a strong support region and reinforces the probability of a bullish reversal.
Conclusion:
As always, traders are advised to practice proper risk management and stay informed about market developments while executing their trading strategies.
💡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
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MKRUSD Coinbase - Looking for EntryHere we have a coin that is still holding above the 200 day EMA though it had a few day dip below. The EMA trend is horizontal and the current price trend is down, and the volume and strength are slowing but we have a decent channel possibly forming. The candles show a possible reversal happening but this downtrend could continue a few days, but if the channel holds and if the price stays above the EMA we could have a good entry point. If I see a buy signal from the Supertrend I will look to enter. If the channel fails then I predict this coin will fall into an overall downtrend like most have the past month.