Potentially a good time for LONG MKR/USDHello everyone, let's look at the 1W MKR to USD chart, in this situation we can see how the price created a lower low with the last drop, what is important is that now it goes up creating a new higher local high. What's more, we can see how the ema cross 50 and 200 approached each other, but the pri
Testing Key Support at $1,200
The price recently had a strong rally but is now in a short-term downtrend after failing to sustain highs near $1,900.
The price is currently below the middle Bollinger Band (moving average), signaling bearish momentum.
A potential support zone is around $1,200, near the lower Bollinger Band.
W
$MKR Market Update📊 CRYPTOCAP:MKR Market Update
Welcome to today's analysis! Let’s take a look at CRYPTOCAP:MKR and its key price action.
🌐 Overview: CRYPTOCAP:MKR Testing Key Resistance
📈 CRYPTOCAP:MKR is currently testing the red resistance zone. A breakout above this level could push the price toward the
MKR - 68% profit coming up...maybe before March 1stMacro setting up for another bullish wave to retest $1830 for a 68%+ gain maybe as early as March 1st.
RSI a bit high near mid 50, MACD looking more bullish.
Top take profit for a 100% Fib correction would be at EUROTLX:4K for an estimated 280% return!
MKRUSD: Channel Down bullish wave starting.Maker has just turned neutral on its 1D technical outlook (RSI = 46.979, MACD = -66.220, ADX = 40.770) as it hit the bottom of the 1 year Channel Down and bounced. The 1D RSI shows that we are on a similar rebound as on the October 25th 2024 bottom but needs to be validated by a crossing above the 1
Lower Bollinger Band Signals Further Declines
The current trend shows consolidation after a prolonged bearish phase. The middle Bollinger Band could act as dynamic resistance or support, depending on the breakout direction.
Narrowing of the Bollinger Bands suggests lower volatility, often a precursor to a significant price move.
A break abo
MKRUSD (1W) - buy the dipHi traders,
Here it is my idea for a long position on MKRUSD (1 week time frame).
The price hit a local high in July 2024 and hit another high in November 2024, meanwhile the price hit the SMA (in November 2024) that acted as a resistance and the price bounced back and is currently experiencing the
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