without_worries

Maker (MKR) - Bullish divergence

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BINANCE:MKRBTC   MKR / Bitcoin
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
コメント:
expect a 10% correction at least


BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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