MKRUSD turned overbought (RSI = 71.689, MACD = 59.900, ADX = 32.319) as it extended the rally that basically started on August 25th. The wider pattern is a Channel Up and the current run carries similar characteristic with the first run of this Channel. The RSI patterns are identical and symmetry wise we have started the rise to the third peak of this sequence. We will first target the 3.0 Fibonacci extension (TP1 = 2,100) and on the next pullback, the top of the Channel Up on a +179% rise (TP2 = 2,700).
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Telegram: t.me/investingscope
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Over 65% accuracy on Private Signals Channel.
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Account RECOVERY services.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
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.