Hello!!!😄👋 I am more bullish... (20 bars/$9.97) is a conservative target in relation to past trends 🐮. Bearish target 1 would be our blue support line at ~$6.201🐻.
I appreciate if you take the time to consider my analysis, would also love to see your viewpoint if you would like to share, now let's take a look. 🔍👀
Was just taking a look at Maker Dao recent and long term price actions, which leads me to believe we are at a very crucial point (as is many tokens/currencies.)🥴
I am not overlooking DAO MAKER simply because of the fact that it has proven very good at maintaining strength in the past, and DAO “decentralized autonomous organization” allow for other tokens in the market to be more secure.💱👌
I would definitely wait for confirmation to get into this trade, as right now would be extremely risky time. We are approaching the end of our pennant pattern, which would indicate we are going to see a strong impulsive wave, either up or down to our approximate targets listed above.🎯🌊
Altcoins like MAKER DAO are greatly affected by the price action of the bigger players such as BTC and ETH, we are currently in a very pivotal time in the market, safest to wait and see if BTC can't maintain above ~53,000 (Amongst other outside factors that would affect this token and many others.)✔🆗
🛑🛑🛑This is not financial advice🛑🛑🛑
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments greatly appreciated!
Thank you so much
Jazerbay
🤍
I appreciate if you take the time to consider my analysis, would also love to see your viewpoint if you would like to share, now let's take a look. 🔍👀
Was just taking a look at Maker Dao recent and long term price actions, which leads me to believe we are at a very crucial point (as is many tokens/currencies.)🥴
I am not overlooking DAO MAKER simply because of the fact that it has proven very good at maintaining strength in the past, and DAO “decentralized autonomous organization” allow for other tokens in the market to be more secure.💱👌
I would definitely wait for confirmation to get into this trade, as right now would be extremely risky time. We are approaching the end of our pennant pattern, which would indicate we are going to see a strong impulsive wave, either up or down to our approximate targets listed above.🎯🌊
Altcoins like MAKER DAO are greatly affected by the price action of the bigger players such as BTC and ETH, we are currently in a very pivotal time in the market, safest to wait and see if BTC can't maintain above ~53,000 (Amongst other outside factors that would affect this token and many others.)✔🆗
🛑🛑🛑This is not financial advice🛑🛑🛑
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments greatly appreciated!
Thank you so much
Jazerbay
🤍
Note
Please consider taking a look at my updated analysis 😃
Thank you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.