MKR Double Bottom Update
Yesterday, I published this double bottom pattern of MKR as I'm in the wait-and-see mode for a possible scenario - 1) a breakout or 2) a price rejection.
The coin had a breakout on its neckline, thus lead to the activation of the bullish pattern as it nearly approaches our target profit area, I also put a protective stop loss, thanks to the .618 fib area to secure profits.
Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD
The coin had a breakout on its neckline, thus lead to the activation of the bullish pattern as it nearly approaches our target profit area, I also put a protective stop loss, thanks to the .618 fib area to secure profits.
Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD
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