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ForecastCity_World
Jan 7, 2021 4:19 PM

πŸ’‘Don't miss the great buy opportunity in MKRBTCΒ Long

MKR / BitcoinBitfinex

Description

β‹…
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0233).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. MKR/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.

Take Profits:
TP1= @ 0.0352
TP2= @ 0.0415
TP3= @ 0.0538
TP4= @ 0.0624
TP5= @ 0.0734
TP6= @ 0.1000

SL= Break below S2

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Comments
Lizabet
β‹…
Simple, clear, and detailed. Thanks!
ForecastCity_World
β‹…
@Lizabet, You're most welcome!
davidgolandak
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Excellent analysis. Keep it up πŸ‘Œ
ForecastCity_World
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@davidgolandak,Thank you for your comment. We appreciate it
yusufipek1989
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Good work! πŸ‘ Nice idea.
ForecastCity_World
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@yusufipek1989, Thank you for your comment.
Jerryklaas
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still valid?
Kamryn
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Thanks for the analysis.
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