💎 MKRBTC has formed a symmetrical triangle and after breaking above the resistance the price ranged. It might go lower for a pullback then continues the Bullish move
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.05024 to 0.04525
☕️ TP1 0.05450
🍺 TP2 0.06339
🍻 TP3 0.07401
🍾 TP4 0.08480
🍷 TP5 0.09500
Strong bounce from ~YTD lows
50% up so far and showing the highest volume since May 🤔
UCTS printed a 1D Buy signal (usually strong) // 20% up already
Currently facing 1st important resistance on the way up, willing to see how it evolves from here
We can see MKR today is feeling stronger giving us a small buy signal on a 4h time frame
About the project
MakerDAO is an open-source project on the Ethereum blockchain and a Decentralized Autonomous Organization 1 created in 2014.
MakerDAO governs the Maker Protocol by deciding on key parameters
(e.g., stability fees, collateral types/rates, etc.) through...
MKR / BTC is in an uptrend with a target on the Rsi of resistance under selling therefore the market will be short.
But a good cost price to be a great opportunity to add market position.
For now we are in a bullish rally with a test being validated for the RSI retracement.
MKR / BTC is in a bullish channel with a test in view of its high to see how...
This trade is a mid / long term trade.
MKR BTC 4h
Downward wedge bouncing between
.382 & .236 fibs.
We want to break above the resistance we are
getting from avwaps monthly open and all time
high. Break up and retest will signal a
successful retest of the RSI 50.
This is not financial advice. I just like to draw lines and color.
MKR BTC 4h
Downward wedge bouncing between .382 & .236 fibs.
We want to break above the resistance we are getting from
avwaps monthly open and all time high
Break up and retest will signal a continuation.
Already had a successful retest of the RSI 50.
Get ready to become rich, folks🔥
There is one more interesting formation on crypto market.
Symmetrical triangle on MKR/BTC crypto pair.
There was a strong and confident bullish sentiment before.
It could be a good confirmation for bull traders.
According to Elliott Waves theory Wave C is done and now price is heading to Wave D.
However this formation may...