đ˘MKR/USDT Buy Signal:
⢠Entry Price: Around $1,580 (current market level)
⢠Target 1: $1,747
⢠Target 2: $1,951
⢠Target 3: $2,215
⢠Stop-Loss: Below $1,410 (under the support area)
Technical Overview:
the MKR/USDT pair is showing a down channel that has just been broken at the support area, indicating potential upside momentum. The RSI (Relative Strength Index) is also showing a recovery from oversold levels, which further supports a possible bullish movement.
⢠The market recently broke out of the down channel, indicating a potential reversal.
⢠Support Area: Market is consolidating near $1,410â$1,579, forming a base for a potential move upward.
⢠Moving Averages: Watch for potential resistance around the 200-period moving average.
⢠RSI: Currently at 50.77, showing momentum recovery after a strong bearish move.
Disclaimer: DYOR and NFA.
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