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Weekly forecast Maker technical chart
Symbol MKRUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJuly 25, 2022 - 08:07
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1630 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1023 on 2022-05-10 and the trough at 656 on 2022-06-18, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1069 on 07/19/2022, so more losses to support(s) 837, 656 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Symbol Released Current Forecast
Maker (MKRUSD) Sat, 23 Mar 2024
Maker (MKRUSD) Sun, 17 Mar 2024
Maker (MKRUSD) Sun, 10 Mar 2024
Maker (MKRUSD) Sun, 3 Mar 2024
Maker (MKRUSD) Sat, 24 Feb 2024