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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.

DateJune 11, 2022 - 15:05
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:

  • The RSI uptrend #2 is broken, so the probability of continuation of downtrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1383 on 05/31/2022, so more losses to support(s) 879, 621 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 32.

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