MKR/USDT 1W Chart Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is staying in the downtrend channel, at its lower boundary.
Let's start by setting goals for the near future, which include:
T1 = $2,063
T2 = $2,454
T3 = $2,767
T4 = $3,080
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $1563
SL2 = $1250
SL3 = $953
Looking at the RSI indicator, we can see that we are already quite low, which may result in an attempt to change direction, the movement of which appears to have begun.