TradingShot

MKRUSD Channel Up top hit. Pull-back expected.

Short
CRYPTO:MKRUSD   Maker
We last looked into Maker (MKRUSD) 4 months ago (see chart below) where we called for a buy that eventually hit our 1600 target:


This time we are making a sell call as the price hit the top of the 5-month Channel Up. Our target is just above the 0.618 Fibonacci retracement level at 1500, which has been the pull-back level of the last two medium-term corrections within the Channel. It is likely that the market tests the 1D MA200 (orange trend-line) there, before it rebounds aggressively for the 2024 parabolic rally.

-------------------------------------------------------------------------------

** Please LIKE ๐Ÿ‘, FOLLOW โœ…, SHARE ๐Ÿ™Œ and COMMENT โœ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ
๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡

๐Ÿ‘‘Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

๐Ÿ’ฐFree Channel t.me/tradingshotglobal
๐ŸคตContact info@tradingshot.com t.me/tradingshot

๐Ÿ”ฅNew service: next X100 crypto GEMS!
Disclaimer

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.