#MKR/USDT Ready to launch upwards#MKR
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards
We have a bounce from the lower limit of the descending channel, this support is at a price of 1200
We have a downtrend on the RSI indicator that is about to
MKR 1W🔍1. Overall Trend:
In the long term, we can see that MKR was in a downtrend, as evidenced by the falling trendline (orange dashed line).
The last candles show that the price has broken this downtrend line - this could indicate a potential trend reversal or at least an attempted upside correction.
MKR – Weekly Channel Breakout, Daily Rising Wedge📈 GATEIO:MKRUSDT has broken out of a long-term descending channel on the weekly chart, and the retest is holding so far — a sign of potential strength.
🔹 On the daily timeframe, price action is forming a rising wedge — a structure to watch closely as momentum could build quickly if confirmed.
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Maker ready to go balistic!- trading within what appears to be a descending broadening wedge for the last year
- with ETH likely heading towards at least 2.6k for a mean reversion play, it is very likely Maker is one of the coins that benefit from ETH strength the most
- target of the formation is SUBSTANTIALLY higher
MKR/USDT 4h chart ReviewHello everyone, let's look at the 4H MKR chart to USDT, in this situation we can see how the price moves on the created upward trend line. Going further, let's check the places of potential target for the price:
T1 = $ 1576
T2 = 1657 $
Т3 = 1714 $
Let's go to Stop-Loss now in case of furthe
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.