Hello everyone, let's look at the current situation of MKR taking into account the interval of one week. As we can see, the price has left the trend triangle with a dynamic downward movement, currently we are staying below the downward trend line. Let's start by setting goals for the near future, which include: T1 = $1,745 T2 = $2192 T3 = $2546 T4= $2,900
Looking the other way, there is a strong support zone that managed to keep the price from further correction, the zone from $1,278 to $936, but if this zone is broken, we may see a strong price drop to around $514.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.