MKR - 1700$

Very good weekly and daily support, strong & solid growth for the past few weeks. My opinion remains bullish, Makerdao is preparing for a long solid uptrend.

Next stop - 1700$.
It's noticeable that Makerdao broke some heavy resistance also at the MKR/BTC daily and MKR/ETH daily & weekly chart.
For a long time Makerdao was at least 1:1 with Ethereum. In august 2021 Makerdao lost it's 1:1 ratio to Ethereum. Now the daily and weekly resistance are confirmed broken, it's no time in my opinion to be bearish because Makerdao is coming to get it's 1:1 ratio back with Ethereum very soon.

I want to add that it has been long sinds I have seen something trading this good overall...

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.