Maker chart is interesting and odd at the same time. A rapid ascent followed by a slower correction that reached the bottom, making a big triangle form. MKR broke both the major and minor downtrend lines, and it seems posed for an upward impulse wave. Let's see what happens.
Comment:
So, after MKR broke the ascending channel upward, it went up sharply and reached the horizontal resistance area, but couldn't break the area, then made a pullback on the broken channel's upper line. MKR needs to gather momentum to break the horizontal resistance area. Let's see what happens.
So, after MKR broke the ascending channel upward, it went up sharply and reached the horizontal resistance area, but couldn't break the area, then made a pullback on the broken channel's upper line. MKR needs to gather momentum to break the horizontal resistance area. Let's see what happens.
So, after Maker broke both the major and minor downtrend lines, it went up, and now it seems moving in an ascending channel.