💎 MKR is undeniably on our radar. Currently, MKR is rebounding from a demand zone and is exhibiting patterns consistent with a bullish falling wedge formation.
💎 The recent daily candlestick closure as a bullish hammer further emphasizes the potential upward trajectory for MKR. However, for a more concrete bullish confirmation, it's essential for MKR to break out of the falling wedge formation. Achieving this could set the stage for MKR to target the supply zone.
💎 On the downside, if MKR fails to maintain its position within the demand zone and closes beneath it, we might witness a descent toward the Bullish OB region. In this scenario, any upward movement from the Bullish OB zone would transform the previous demand zone into a supply zone since it was breached.
💎 For a continued upward journey, MKR would need to surpass this new supply zone. Failure to do so could hint at a more extended downward trend, possibly reaching the robust support zone.
💎 The recent daily candlestick closure as a bullish hammer further emphasizes the potential upward trajectory for MKR. However, for a more concrete bullish confirmation, it's essential for MKR to break out of the falling wedge formation. Achieving this could set the stage for MKR to target the supply zone.
💎 On the downside, if MKR fails to maintain its position within the demand zone and closes beneath it, we might witness a descent toward the Bullish OB region. In this scenario, any upward movement from the Bullish OB zone would transform the previous demand zone into a supply zone since it was breached.
💎 For a continued upward journey, MKR would need to surpass this new supply zone. Failure to do so could hint at a more extended downward trend, possibly reaching the robust support zone.
Trade closed: target reached
Just like clockwork, #MKR is tracing our forecast, hitting that sweet 22.64% growth mark
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.