MKR/USDT BITTREX ANALYSIS
Very basic TA here, examining the Maker/Tether pair on Bittrex, we have local support at $4583 and local resistance at $5080 so
now we will wait for confirmation to the downside or the upside. If it breaks the top trendline we can shoot for around 6k but if 4HR candle close below
support we can expect townfall to $4331 and then $3714. We do not enter here, we sit and wait and see what happens
Support: $4583/$4331/$3754
Resistance: $5080/$5210/$6000
Now we wait for confirmations
now we will wait for confirmation to the downside or the upside. If it breaks the top trendline we can shoot for around 6k but if 4HR candle close below
support we can expect townfall to $4331 and then $3714. We do not enter here, we sit and wait and see what happens
Support: $4583/$4331/$3754
Resistance: $5080/$5210/$6000
Now we wait for confirmations
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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.