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ForecastCity_ME
Aug 14, 2021 7:14 PM

💡Don't miss the great buy opportunity in MKRUSD @MakerDAO Long

MKR / TetherUSBinance

Description

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3485.14).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. MKRUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.

Take Profits:
TP1= @ 4100.14
TP2= @ 4628.64
TP3= @ 5359.64
TP4= @ 5853.13
TP5= @ 6346.62

SL= Break below S2

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Comments
Vasukipriya
how to take profits in different parts?
carefulOwl22772
Good, simple & clear analysis.  Thank you for sharing
ForecastCity_ME
@carefulOwl22772, Thank you for your comment. We appreciate it.
Megan_forex
Nice charting and detailed write-up
ForecastCity_ME
@Megan_forex, Thank you. We appreciate your support
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