August 12, 2022

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MakerDAO ,(MKR/USDT analysis) πŸ“ˆπŸ“‰ for BINANCE:MKRUSDT by PRO_SMART_Trader

2 min read
Hello Crypto community Welcome to this introduction for another high potential crypto project.πŸš€πŸ’° πŸ”ΉRank #50,/...
Hello Crypto community Welcome to this introduction for another high potential crypto project.πŸš€πŸ’°

πŸ”ΉRank #50,/ kind : Token \ max Supply: 1,005,577/// Circulating Supply:977,631.04 MKR ( 97 %) ====> Greatβœ…βœ…

Market Cap:$1,041,472,168\ Fully Diluted Market Cap : $1,041,472,168===> Great βœ…

Total Value Locked ( TVL ) :$8,425,065,955\ Market Cap / TVL Ratio: 0.1238 ===> Great βœ…βœ…

πŸ”°What Is Maker ( MKR )?

Maker ( MKR ) is the governance token of the MakerDAO and Maker Protocol β€” respectively a decentralized organization and a software platform, both based on the Ethereum blockchain β€” that allows users to issue and manage the DAI stablecoin.

Coinarketcap-makerdao.com

β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”-

πŸ“ŠTechnical

As you can see on the WEEKLY timeframe for MKR /USDT ,since May 2021 that it recorded an ATH about $6348 , it has been declining in a downward channel till now,and It’s already trading on the pivot zone , also recently revealed both positive and hidden negative divergences in current candle ,thus if want to rise more ,it should be able to maintain itself above the current pivot zone , to be able to reach higher R zone or after breakout the upper trendline , may even see the VWAP line , but otherwise if weekly candle closes below the current P zone it may fall again on the lower DEMAND zone to be more accumulated there to jump again there.

✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!

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πŸ‘‰This analysis is my personal opinion ,not a financial advice ,so do your own research.

πŸ’š if you’re fan of my analyses please follow me , give a big thumbs πŸ‘ OR drop a comment πŸ—―

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