MKR

📉 Short-term situation: The price is currently trading around 2028 USDT, after a sharp decline from around 2273 USDT (resistance). The support level around 2000 USDT is currently being tested (coinciding with the SMA 200 – blue line). A dynamic uptrend line (orange) is also visible, which could act as a key support level in the event of further declines. 🔍 Support and Resistance Levels: Resistance: 🔴 2188 USDT – recent local high and convergence with the SMA 21. 🟢 2273 USDT – major resistance; previous rebound and point of significant price reaction. Support: 🔵 1980 USDT – local support + SMA200. 🟠 Uptrend line (~1940–1960 USDT). 🔴 1832 USDT – stronger horizontal support with multiple confirmations. 🔴 1623 USDT – very strong support, from previous lows. 📊 Technical indicators: RSI (Relative Strength Index): Current value: ~42, neutral, but approaching the oversold zone (<30). The RSI is falling rapidly, suggesting selling pressure, but a reaction is possible near current support. MACD: Negative signal: signal line crossing from above + descending histogram. Indicates a continuation of the correction, but we are approaching the potential exhaustion of the downward momentum. 📈 Moving averages: EMA/SMA 50 and 200: The price is currently testing the SMA200 – crucial for the medium-term trend. SMA21 (red) and SMA50 (green) – have reversed downward, which may suggest a weakening of bullish momentum. 🔮 Scenarios: 🟢 Bullish scenario (confirmation of support): A rebound from 1980–2000 USDT and further upward movement. Potential target: first ~2180 USDT, then ~2273 USDT. The condition is a demand response at the current level + an improvement in the RSI/MACD. 🔴 Bearish scenario (breakout of support): If the 1980 USDT level is broken and the price falls below the uptrend line, a continued decline to 1832 USDT or even lower is possible. Confirmation will be a strong bearish candle with high volume and a further decline in the RSI/MACD.

🔮 #MKR Analysis 🌟🚀 As we said earlier #MKR moved around 48%. Right now #MKR is trading in an Ascending Triangle Pattern and here we can see that #MKR moving again towards its neckline. We see see more bullish move in upcoming days 🔖 Current Price: $2260 ⏳ Target Price:   $2664 ⁉️ What to do? - We have marked crucial levels in the chart [#MKR]. We can trade according to the chart and make some profits. 🚀 #MKR  #Cryptocurrency #Breakout #DYOR

I went to this love. Stop: 2307,1 Introduction 2,262,5 TP 1: 2197 Tp 2: 2179.5

Respecting the ascending parallel channel...for now. Not a bad idea to take profits. MKR’s rally combines exchange-driven FOMO around its SKY migration, whale-driven liquidity shifts, and technical momentum. Watch for sustained volume above $200M (current: $207M) to confirm continuation, or profit-taking near $2,300 (161.8% Fib extension). Will the SKY transition sustain demand post-swap, or trigger a “sell the news” reversal?

📈 Trend and price structure • The price has just been above the downward trend line (yellow line), which suggests the potential reversal of the trend to the upward. • Breaking was strong - a candle with a large growth volume and an increase +9.13%, which emphasizes the pressure of buyers. ⸻ 🔍 levels of support and resistance • resistance: • ~ 2342 USDT - a clear level of resistance (green line) - may be the target for the next upward movement. • 2246.8 USDT - first resistance to overcome. • Support: • 2111.7 USDT - level of local support after struggling (earlier resistance). • 2048.8 USDT - SMA #1 (red medium), can be support at the back. • 1945.5 USDT - strong support in the form of long -term SMA (blue line, SMA #5). ⸻ 📊 Technical indicators ✅ MacD (below) • The MacD line cut the signal line up - buy signal. • The histogram is growing, which confirms the growth moment. ✅ RSI • RSI has bounced from level 40 and is currently above 60 - it suggests upward momentum, but it is not yet purchased, so there may be room for further growth. ⸻ ✅ Medium walking (SMAS) • The price was pierced by SMA #1 (red) and SMA #2 (green) with impetus, which means a change in sentiment. • If it stays above these medium - a bull signal. • SMA 50 (green)> SMA 200 (blue) = potentially a golden cross is formed on a longer TF. ⸻ 📌 Summary - technical scenario: 🐂 Bycza scenario: • If the price lasts above 2111.7 USDT, it may continue to increase to USDTt and further up to $ 2,342. • Confirmation will be the continuation of growth on MacD and RSI over 60-70. 🐻 Bear scenario (threats): • If the price drops below 2048 USDT, possible correction up to 1945 USDT. • RSI returning below 50 and Macd Cross down would be a reversal signal.

The above forecast is predicted to strike before October 2025. Ethereum will never reach $10k in its lifetime, which a study for another post. A 75% correction is shown on the above 6 day chart that began in March 2024. A number of compelling reasons now exist for a strong upward move. Support and resistance Look left, price action confirms support on past resistance, which follows a strong positive divergence. The resistance has held since May 2022. Incidentally on the topic of divergences, on the same time frame with the same settings, Ethereum prints a double negative divergence over the same period. (see below). The trend Both Price action and RSI resistances have broken out. RSI confirms a trend reversal on past resistance. A Cup and Handle pattern confirmation The forecast is derived from the Cup and Handle pattern topping out at around $10.5k, however it is not suggested to wait until this area before profits are taken. Is it possible price action continues to print lower lows? Sure. Is it probable? No. Ww Ethereum 6 day double negative divergenciesActive on publication.

DAY 1 Transaction No: 03 Number of profitable trades: 1 Number of losing trades: 1 Success rate: % 50 Begining Balance:1000 USDT Current Balance : 1100 USDT This content is for informational purposes only and is not investment advice.

Transaction No: 02 Number of profitable trades: 1 Number of losing trades: 0 Success rate: % 100 Begining Balance:1000 USDT Current Balance : 1200 USDT This content is for informational purposes only and is not investment advice.

Breakout Confirmation: MKR has broken out of a daily bull pennant, signaling bullish momentum. The breakout candle reclaimed key HTF S/R (~$1987–$2000 zone) and flipped it to support. Entry and Risk Zone: Ideal long entries are on retests of this S/R flip ($1987–$2000). Invalidation below $1826 (recent low and support). Upside Target: First target at $2759, full target at $3000 zone, just below the marked supply. Trade Management: Trailing stops recommended as price approaches $2750–$2800 to lock in gains. MKR just broke out of a clean daily bull pennant pattern, confirming a structural shift with a retest and reclaim of high timeframe S/R. This level, previously strong resistance, now acts as support. Combined with the breakout and the momentum from recent market dips, the setup favors continuation to the upside with $2750–$3000 as the likely destination. Failure to hold $1826 invalidates the bullish scenario.

On the 4H Chart the 2,200 supply zone proved to be too strong for bulls, and there was a strong rejection. My primary count considers that was wave Y, and I´m currently neutral to bearish. A break of blue support zone around 1,970 should take us to another retest of 1,700 support.