Hello everyone, I invite you to review the chart of MKR in pair to USDT, on a four-hour time frame. First, we will use the blue lines to mark the uptrend channel in which we are currently moving.
Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at
706, the second support is at $FWB:698, the third support is at $692, and then the fourth support is at $686.
Looking the other way, we see that the price has approached a strong resistance at
721, when it manages to break it, the second resistance is at 
731, then the third resistance is at $744
It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend.
Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at
706, the second support is at $FWB:698, the third support is at $692, and then the fourth support is at $686.Looking the other way, we see that the price has approached a strong resistance at
721, when it manages to break it, the second resistance is at 731, then the third resistance is at $744It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend.
Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
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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.
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.