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angela_altair

MKRUSDT at monthly resistance, likely to come to monthly support

MKR / TetherUS (BINANCE:MKRUSDT)  
angela_altair  
BINANCE:MKRUSDT   MKR / TetherUS
Trend Analysis Chart Patterns Technical Indicators MKRUSD MKRUSDT mkrusdtidea mkrusdtshort MKRUSDTPERP mkrusdtanalysis mkrusdttrade
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trendanalysis chartpattern indicator mkrusd mkrusdt mkrusdtidea mkrusdtshort mkrusdtperp mkrusdtanalysis mkrusdttrade
The price has hit the confluence of monthly, weekly and daily resistances. It is experiencing the pull back from this resistance. I think this is pretty stromh resistance and has a higher porbability of holding the price for some time. Below this, there is a support level which is again a confluence of monthly, weekly and daily support levels which makes it a very strong support. Any dip to this support zone is for a buy. It is possible that the price visits this support zone. A long is definitely favorable in case the current resistance is broken and the price trades above it for a while.
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