Maker (MKR): local trade opportunity with 20-25% potential
Updated
MKRUSDT is a native token of the decentralized autonomous organization (DAO) MakerDAO, which governs the Maker protocol on the Ethereum blockchain.+ Advantages:
🔘Limited supply
🔘Clear wave structure: There is a decent growth potential of 20-25% within the final 5th wave of the impulse (up to the nearest resistance zones)
- Disadvantages:
🔘Lack of a long-term trend: Globally, the token is range-bound and doesn’t show a clear trend 🔗
🔘Low position relative to moving averages: MKR is trading below the MA 20-week and MA 200-day, indicating weak momentum. There is no strong reason to believe the token will break through these levels — most likely, it will test them and continue to decline.
The best approach for now is to focus on local trades, which still offer a solid opportunity.
Shaka🤙
MKRUSD MKRUSDT Trade active
Trade closed: target reached
🥷🏼The most objective market analysis: Elliott wave principle, smart money concept, demand and supply volume analysis (VSA+cluster analysis) - t.me/shakatrade1_618
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