Warning: our thoughts are ours; not financial advice.
We believe Maker is cheap right now. If we keep in the channel, we should be looking at a potential short-term target of about $3,900 per token.
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1360).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MKR/TetherUS is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
MKR looks like it is ready to break out for a short term long trade, Bullish Divergence + Ascending triangle on the 15min
Buy on the breakout if conditions remain the same.
after possible breakout from erosion rectangular ,MKR price can increase to two level of target.
First to the size of rectangular height and second to the size of flag
Inverted head and shoulders pattern. Bullish on the Fib re-tracement zones leading back into the bear patch. If we can break the neck. We're away... Go Bulls!!!
Hey hey my friends 👋
MKR is looking really good here, rounded bottoms are super bullish 🐮
Will be entering the break of the line, look for volume to confirm the move 🚀
Have fun, as always...practice safety 😉
MKRUSDT (1H CHART) Technical Analysis Update
Waiting for the Resistance zone breakout
MKR/USDT currently trading at $2700
Buy-level: Above 2750 (only enter if 1h candle closes above the resistance zone
Stop loss: below $2450
Target 1: $3050
Target 2: $3500
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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