MKRUSD Golden Cross sending it to the Resistance
Maker is having a Golden Cross (1D) event. The first since August 24th 2021.
The pattern is a Channel Up.
Trading Plan:
1. Buy on the current market price and as long as the MA50 (1D) is supporting.
Targets:
1. 1140 (beneath Resistance 1).
2. 1650 (beneath Resistance 2) as long as we get a pull back to MA100 (1D).
Tips:
1. The RSI is holding over the 50.00 neutral level. Short term buy entries can be taken there. Long term though (as for example for Target 2) on the 30.00 oversold level.
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The pattern is a Channel Up.
Trading Plan:
1. Buy on the current market price and as long as the MA50 (1D) is supporting.
Targets:
1. 1140 (beneath Resistance 1).
2. 1650 (beneath Resistance 2) as long as we get a pull back to MA100 (1D).
Tips:
1. The RSI is holding over the 50.00 neutral level. Short term buy entries can be taken there. Long term though (as for example for Target 2) on the 30.00 oversold level.
Please like, follow and comment!!
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