MKR is having a good support at the $2600 zone and is heading towards the $3600 and $4800 zones. If it loses the $2600 zone, it will fall back to the $2200 zone, which is a reliable support

🔴Buy : 2550-2650$. SL if B
🔴Sell : 3500-3700$. SL if A 🔴Sell : 4700-4900$. SL if A
🔵Sell : 2550-2650$ if B. SL if A 🔵Buy : 2150-2250$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • MakerDAO is a decentralized stablecoin platform, operating on the Ethereum blockchain.
  • By staking the MKR token, users can vote on network specs and governance initiatives, including the stability fee, collateralization rates, and assets allowed to be used as collateral, etc.
  • Users may deposit predetermined assets as collateral against which they may print the DAI stablecoin.
  • The MakerDAO platform has built an infrastructure that aims to stabilize the price of DAI at 1 USD.
  • When a user decides to deposit DAI stablecoins into her Vault and withdraw her collateral, she is also required to pay an interest, or stability fee, to the network.
  • Stability fees are also used to buy back MKR tokens from the open market, which are subsequently burnt.