From our last analysis on MKR, we had a really nice breakout and then created a bullish correction for a move higher.
The play here it to wait for the next bullish correction which will likely come back to the ascending trendline and then entry with stops below the trendline. However, if you want to enter now, you can look for lower timeframe pullback and then enter with stops below 61.8 fibonacci.
There's enough room for MKR to move up and we're targeting atleast 6000.
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.