Long
MKR 1D Analysis | Key Triggers Ahead
💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing MKR on the 1-Day timeframe timeframe .
👀 On the daily timeframe of MKR, we can see that after breaking its ascending trendline, the coin was rejected from the top of its box, and the trendline was also broken. Then it moved downward and was supported by buyer makers at the $1480 area, forming a V-pattern. With a breakout of this level, the coin can give us confirmation for the end of its correction.
⚙️ Looking at this coin’s volatility on the daily timeframe, if the oscillator crosses the 50 RSI level, the coin can start a new trend and move upward. Note that in the multi-timeframe from 1 to 4 hours, the coin is currently in its OverBuy zone.
🕯 The size and number of red candles are much greater than the green ones, but if in this leg the coin manages to create a trend reversal, it can close some strong green candles. Keep in mind that most of the large-sized, high-volume candles were recorded after major news releases.
💰 On the daily timeframe of MKRBTC, we can see that it is in a long-term 185-day range box. A breakout from this box could bring a very strong move. For breaking out of this box, we can take futures positions earlier. Breaking the 0.01562 level can serve as confirmation of a trend reversal for this coin against Bitcoin.
🔔 The alert zone we’ve identified is at the $1677 level. With a breakout and consolidation above this zone, the coin can move upward. Be sure to follow today’s U.S. session news, as an important economic announcement will be released that could impact the market.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing MKR on the 1-Day timeframe timeframe .
👀 On the daily timeframe of MKR, we can see that after breaking its ascending trendline, the coin was rejected from the top of its box, and the trendline was also broken. Then it moved downward and was supported by buyer makers at the $1480 area, forming a V-pattern. With a breakout of this level, the coin can give us confirmation for the end of its correction.
⚙️ Looking at this coin’s volatility on the daily timeframe, if the oscillator crosses the 50 RSI level, the coin can start a new trend and move upward. Note that in the multi-timeframe from 1 to 4 hours, the coin is currently in its OverBuy zone.
🕯 The size and number of red candles are much greater than the green ones, but if in this leg the coin manages to create a trend reversal, it can close some strong green candles. Keep in mind that most of the large-sized, high-volume candles were recorded after major news releases.
🔔 The alert zone we’ve identified is at the $1677 level. With a breakout and consolidation above this zone, the coin can move upward. Be sure to follow today’s U.S. session news, as an important economic announcement will be released that could impact the market.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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🔥 Join the Action Now 🔥
☄️ Telegram
t.me/FireHoseReel
☄️ Trade & Earn
bitunix.com/register?inviteCode=28r21f
☄️ Telegram
t.me/FireHoseReel
☄️ Trade & Earn
bitunix.com/register?inviteCode=28r21f
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.