Analysis of MKR/USDT Chart

**Analysis of MKR/USDT Chart**

Based on the analysis of the MKR/USDT (Maker/Tether) chart, it appears that the cryptocurrency is in a downtrend. Each time the price hits the resistance line (downtrend line), it experiences a drop of approximately 24%.

### **Detailed Analysis:**

1. **Number of Hits to Resistance:** The price has hit the downtrend resistance line three times at points marked with white circles.
2. **Percentage Drop:** Each time the price hits the resistance, it experiences an average drop of 24.07%.
3. **Time of Drop:** Each drop occurs over a period of 16 days (16 daily candles).

### **Conclusion:**

This pattern suggests that every time MKR hits the resistance line, it follows with a decline of approximately 24% in price. This information can be used as a technical signal to identify potential buying and selling opportunities.

### **Key Points:**

- **Strong Resistance:** The downtrend line acts as a strong resistance level.
- **Using the Signal:** If this pattern continues, it can be utilized as a trading signal.
- **Risk Management:** Always employ risk management techniques to mitigate potential losses.