Long
MKR: Double Top
Maker (MKR) technical analysis:
Trade setup: A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. However, after getting rejected 2x at $1,600 resistance zone (Double Top pattern?), price has pulled back and broken below $1,350 support, which makes us cautious. We wait to see where this pullback stabilizes. The next support area is $1,000-$1,100. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $1,350, which it broke, then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
Trade setup: A rare asset that has remained in an Uptrend throughout the recent market downturn, which indicates consistent demand from buyers. However, after getting rejected 2x at $1,600 resistance zone (Double Top pattern?), price has pulled back and broken below $1,350 support, which makes us cautious. We wait to see where this pullback stabilizes. The next support area is $1,000-$1,100. Maker is a well established DeFi platform with real users and revenues, which forms a solid foundation for investors looking to trade it.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $1,350, which it broke, then $1,000 – $1,100. The nearest Resistance Zone is $1,600.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.