Panjang
Maker (MKR) - Bullish divergence
Continuing along the theme that the best opportunities are found in alt-tokens…
On the above 2-day chart price action has corrected 70% since May 2021. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are printing divergence over an extended period.
3) Price action on the weekly is not only printing on strong support but is printing a massive Dragonfly DOJI candle on the 10-day chart (below). This is huge.
4) This token is on the ‘what if’ list.
Is it possible price action falls further? For sure.
Is it probable? Very very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
weekly chart
10-day chart, Dragonfly DOJI
On the above 2-day chart price action has corrected 70% since May 2021. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are printing divergence over an extended period.
3) Price action on the weekly is not only printing on strong support but is printing a massive Dragonfly DOJI candle on the 10-day chart (below). This is huge.
4) This token is on the ‘what if’ list.
Is it possible price action falls further? For sure.
Is it probable? Very very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
weekly chart
10-day chart, Dragonfly DOJI
Nota
expect a 10% correction at least
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.