MKR/USDT 4HInterval Resistance and SupportHello 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 FWB: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 HKEX:721 , when it manages to break it, the second resistance is at HKEX: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.
