MKR / TetherUSLong
MKR/USDT 1D chart - accumulation
Hello everyone, let's look at the 1D MKR to USDT chart, in this situation we can see how the price is moving in a channel where it is currently struggling to choose the direction of further movement.
Let's start, however, by defining the goals for the near future that the price must face:
T1 = $1,533
T2 = $1,703
Т3 = 1997$
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $1,301
SL2 = $1150
SL3 = $1008
When we look at the RSI indicator and the MACD indicator, we can see that we are moving at the bottom of the range, which may indicate an upcoming trend change, in this situation, after such accumulation, we should see price increases again.
Let's start, however, by defining the goals for the near future that the price must face:
T1 = $1,533
T2 = $1,703
Т3 = 1997$
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $1,301
SL2 = $1150
SL3 = $1008
When we look at the RSI indicator and the MACD indicator, we can see that we are moving at the bottom of the range, which may indicate an upcoming trend change, in this situation, after such accumulation, we should see price increases again.
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