Technical analysis by wakqas12 about Symbol MKR: Sell recommendation (5/24/2024)
https://sahmeto.com/message/1867950
wakqas12
Rank: 22181
Analytical Power:
1.5
A descending channel (parallel continuation pattern) is observed in MKRUSD pair in hourly timeframe. A series of LHs and LLs is forming and the bearish trend is expected to continue forming new LHs and LLs. Further, no divergence is observed making it a good point to take short positions.
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Signal Type: Sell
Time Frame:
1 hourPrice at Publish Time:
$2,848.29