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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.

DateJanuary 21, 2023 - 14:18
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 502, beginning of uptrend is expected.
  • We make sure when the resistance at 1151 breaks.
  • If the support at 502 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 630 on 01/18/2023, so more gains to resistance(s) 746, 795, 900 and maximum to Major Resistance (1151) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

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