MKR/USDT 1D Chart Review
Hello everyone, let's look at the 1D MKR to USDT chart, we can see how the price is moving in a descending triangle defined by yellow lines.
Let's start by setting goals for the near future that we can include:
T1 = $2,599
T2 = $2,946
T3 = $3,512
AND
T4 = $3,909
Now let's move on to the stop loss in case of further market declines:
SL1 = $2,200
SL2 = $1,890
SL3 = $1,724
AND
SL4 = $1,407
When we look at the RSi indicator, we can see it moving around the middle of the range, with room to move in both directions. However, the STOCH indicator shows that we are bouncing off the upper limit, but the price movement itself is not large.
Let's start by setting goals for the near future that we can include:
T1 = $2,599
T2 = $2,946
T3 = $3,512
AND
T4 = $3,909
Now let's move on to the stop loss in case of further market declines:
SL1 = $2,200
SL2 = $1,890
SL3 = $1,724
AND
SL4 = $1,407
When we look at the RSi indicator, we can see it moving around the middle of the range, with room to move in both directions. However, the STOCH indicator shows that we are bouncing off the upper limit, but the price movement itself is not large.
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.