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

Kommentera:

expect a 10% correction at least