The Inverted Head and Shoulder identified a few days ago has played out nicely (albeit there was a brief drop below the neckline after the initial pump). The measured move indicated that the target was exceeded (green lines), however due to the state of the altcoin market, and in particular the DEFI narrative, i remain bullish on MKR in the mid-long term for the same reasons mentioned in my first post; it is a very significant project and remains undervalued in my opinion relative to its peers based on value locked and what the project aims to achieve.
