MKR is forming a possible bullish continuation pattern, and it has the most bullish DMAs in the entire market. If it can stay supported in this zone, there is a small chance in a fast continuation to the upside as demand piles in quickly. I give this about... a 5% chance of playing out, but it's worth looking at. If it breaks to the downside, targets are listed on the chart. Most likely scenario is breakdown to the lower targets and then up. If it breaks below the low targets, it's going to nosedive into the abyss very quickly. Let's see what happens.
Comment:
At support now. Who knows how long it will grind. This sideways action across the whole market seems eternal.