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Sep 1, 2023 7:59 AM

MKRUSD Buy confirmation above the 1W MA100.Β Long

MakerCRYPTO

Description

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Maker (MKRUSD) broke and closed the 1D candle above the 1D MA50 (blue trend-line) for the first time in ten days, after rebounding on the Higher Lows trend-line. Along with the 1D MACD Bullish Cross, this is an initial buy signal that will get confirmed after the price closes a 1D candle above the 1W MA100 (red trend-line), which caused a rejection on August 02. When this happens, we will take the bullish break-out signal and target 1600 (+62% rise as the previous two rebound legs).

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Comments
SwallowPremium
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It’s a fantastic work. Thank you for sharing with us.
kenneths
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agreedπŸ’ͺ
FirstNameHelen
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Nice summary, thanks dear friend
LegionQ8
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I think you are right my friend, rocket from me
WalterMoon
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Thanks for awesome explanation of current market situation
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