our previous Analyze on Maker goes wrong. it happens usually in market,
any way
we are under dynamic resistance in daily and as you can see there is a pivot area in daily if the price could cross dynamic resistance and pivot, after a pullback to 800 we can get a long position(scenario 1), but I think we are still in a downtrend and Red line on the chart is more valid because Rsi is in overbought and also BTC should break down and will take everything down with itself, better to wait and watch exactly...
any way
we are under dynamic resistance in daily and as you can see there is a pivot area in daily if the price could cross dynamic resistance and pivot, after a pullback to 800 we can get a long position(scenario 1), but I think we are still in a downtrend and Red line on the chart is more valid because Rsi is in overbought and also BTC should break down and will take everything down with itself, better to wait and watch exactly...
Comment:
watch 828-842 for a short position, do not remember to set stop loss, and also have confirmation for your position...
Comment:
new
Comment:
daily candle is closed, it's good news we closed below 810, maybe today we see a good drop, and also in BTC pair (I mean MKRBTC) we are in the resistance zone too.
in your trades always use stop loss ...
in your trades always use stop loss ...
Comment:
just do not hurry for taking the position, wait, get confirmation, and trade by your strategy.
Comment:
also, you can check the order book from the below link, so you can know what's going on with MKR.
www.cryptometer.io/d...ata/binance/mkr/usdt
www.cryptometer.io/d...ata/binance/mkr/usdt
Comment:
scenario 1 happened.