I recommend taking a Short Position on this coin.
The EMA (200) is currently below the price bar which signals a downtrend, the EMA (50) just recently crossed the price bar which could mean a further drop in price.
The RSI shows price line to be at 47% which means price could still move higher in the future.
MKRUSD price is up over 25% in the past 24 hours making it the biggest gainer today out of the 2,000+ cryptocurrencies. The reason is due to the $16 million investment into the platform by Horowitz's fund, and Augur's announcement that it will integrate DAI.
MKR hit its ATH back in January when the price reached $1673, so the market is still a ways away from that...
