MKR/USDT Break the Falling wedge, Ready to continue Up ??
Updated
💎 MKR is undeniably on our radar. Currently, MKR is rebounding from a demand zone and is exhibiting patterns consistent with a bullish falling wedge formation.
💎 The recent daily candlestick closure as a bullish hammer further emphasizes the potential upward trajectory for MKR. However, for a more concrete bullish confirmation, it's essential for MKR to break out of the falling wedge formation. Achieving this could set the stage for MKR to target the supply zone.
💎 On the downside, if MKR fails to maintain its position within the demand zone and closes beneath it, we might witness a descent toward the Bullish OB region. In this scenario, any upward movement from the Bullish OB zone would transform the previous demand zone into a supply zone since it was breached.
💎 For a continued upward journey, MKR would need to surpass this new supply zone. Failure to do so could hint at a more extended downward trend, possibly reaching the robust support zone.
💎 The recent daily candlestick closure as a bullish hammer further emphasizes the potential upward trajectory for MKR. However, for a more concrete bullish confirmation, it's essential for MKR to break out of the falling wedge formation. Achieving this could set the stage for MKR to target the supply zone.
💎 On the downside, if MKR fails to maintain its position within the demand zone and closes beneath it, we might witness a descent toward the Bullish OB region. In this scenario, any upward movement from the Bullish OB zone would transform the previous demand zone into a supply zone since it was breached.
💎 For a continued upward journey, MKR would need to surpass this new supply zone. Failure to do so could hint at a more extended downward trend, possibly reaching the robust support zone.
Trade closed: target reached
Just like clockwork, #MKR is tracing our forecast, hitting that sweet 22.64% growth mark
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