MKR/USDT : on buying area
MKR Mid-term (daily chart basis) 1 to 6 weeks
Scenario : We expect a tentative of bullish exit from the current bearish trend as long as MKR remains 800 and 1020 in setback. An intermediate resistance area at 1470/1740 is acting as taking profit level on the short-term while 3580 is the standard target for the coming weeks/months
Key Elements:
The long-term trend analysis show potential towards 3580 as long as 430 strategic support remains valid
The mid-term element as Mobile average and RSI are confirmed bullish signal
MKR is outperforming ETH & BTC on a mid-term basis which allow us to keep this coin in portfolio
Trade Idea : Buy
Target 2 : 3580 (+266% from 1120)
Target 1 : 1730 (+80% from 1120)
Entry area 980 (in setback)
Stop 800 (Daily close)
Scenario : We expect a tentative of bullish exit from the current bearish trend as long as MKR remains 800 and 1020 in setback. An intermediate resistance area at 1470/1740 is acting as taking profit level on the short-term while 3580 is the standard target for the coming weeks/months
Key Elements:
The long-term trend analysis show potential towards 3580 as long as 430 strategic support remains valid
The mid-term element as Mobile average and RSI are confirmed bullish signal
MKR is outperforming ETH & BTC on a mid-term basis which allow us to keep this coin in portfolio
Trade Idea : Buy
Target 2 : 3580 (+266% from 1120)
Target 1 : 1730 (+80% from 1120)
Entry area 980 (in setback)
Stop 800 (Daily close)
CIO & Head of market research (Automata - Akt.io)
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akt.io/app-referral/?referral=3e2e485b164fe488ed7761ca1c2374db6f41b691cbe03c728b108489f13a46fa
Up to 200 EUR AKTIO => Referal for AKT.IO app on Apple store and Google play =>
akt.io/app-referral/?referral=3e2e485b164fe488ed7761ca1c2374db6f41b691cbe03c728b108489f13a46fa
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