Maker (MKR) - Bullish divergence
Updated
Continuing along the theme that the best opportunities are found in alt-tokens…
On the above 2-day chart price action has corrected 70% since May 2021. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are printing divergence over an extended period.
3) Price action on the weekly is not only printing on strong support but is printing a massive Dragonfly DOJI candle on the 10-day chart (below). This is huge.
4) This token is on the ‘what if’ list.
Is it possible price action falls further? For sure.
Is it probable? Very very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
weekly chart
10-day chart, Dragonfly DOJI
On the above 2-day chart price action has corrected 70% since May 2021. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are printing divergence over an extended period.
3) Price action on the weekly is not only printing on strong support but is printing a massive Dragonfly DOJI candle on the 10-day chart (below). This is huge.
4) This token is on the ‘what if’ list.
Is it possible price action falls further? For sure.
Is it probable? Very very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
weekly chart
10-day chart, Dragonfly DOJI
Comment
expect a 10% correction at least
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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