Maker DAO/USD rates - (December 28th 2020)
Target 1: $660
Target 2: $768
I am not 100% sure if I even set up my trends correctly yet, but I believe there could be at least 1.618 and 2.618 multiples here left to go in this run. I wouldn't depend on this for 3.618 and 4.236 targets and still I don't know this is even right but I started working on this chart while price was around $555 earlier today. I guess if this somehow ends up being a run that completes a 3.618 or 4.236 then perhaps it could exhaust around $876 or $943?
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Target 1: $660
Target 2: $768
I am not 100% sure if I even set up my trends correctly yet, but I believe there could be at least 1.618 and 2.618 multiples here left to go in this run. I wouldn't depend on this for 3.618 and 4.236 targets and still I don't know this is even right but I started working on this chart while price was around $555 earlier today. I guess if this somehow ends up being a run that completes a 3.618 or 4.236 then perhaps it could exhaust around $876 or $943?
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!