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aMilliondollarBitcoin
Aug 26, 2023 1:06 AM

MKR - 1700$ Long

Maker / United States DollarCoinbase

Description

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$.

Comment

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...
Comments
kenneths
nice to see a new mkr analysis on here.
onward to 1700🔥🔥🔥
nabil92nar
First it is Going to Hit 833 Dollars. after that it will bounce.
aMilliondollarBitcoin
@nabil92nar, MKR touched four times the support zone around 1k, I think were moving forward at this point.
nabil92nar
@aMilliondollarBitcoin, Let See..........
kenneths
@nabil92nar his analysis is playing out. we just had a monthly cross on the macd
kenneths
monthly macd cross.
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