Technical analysis by cryptodailyuk about Symbol MKR on 22 hour ago

📈 Trend and price structure • The price has just been above the downward trend line (yellow line), which suggests the potential reversal of the trend to the upward. • Breaking was strong - a candle with a large growth volume and an increase +9.13%, which emphasizes the pressure of buyers. ⸻ 🔍 levels of support and resistance • resistance: • ~ 2342 USDT - a clear level of resistance (green line) - may be the target for the next upward movement. • 2246.8 USDT - first resistance to overcome. • Support: • 2111.7 USDT - level of local support after struggling (earlier resistance). • 2048.8 USDT - SMA #1 (red medium), can be support at the back. • 1945.5 USDT - strong support in the form of long -term SMA (blue line, SMA #5). ⸻ 📊 Technical indicators ✅ MacD (below) • The MacD line cut the signal line up - buy signal. • The histogram is growing, which confirms the growth moment. ✅ RSI • RSI has bounced from level 40 and is currently above 60 - it suggests upward momentum, but it is not yet purchased, so there may be room for further growth. ⸻ ✅ Medium walking (SMAS) • The price was pierced by SMA #1 (red) and SMA #2 (green) with impetus, which means a change in sentiment. • If it stays above these medium - a bull signal. • SMA 50 (green)> SMA 200 (blue) = potentially a golden cross is formed on a longer TF. ⸻ 📌 Summary - technical scenario: 🐂 Bycza scenario: • If the price lasts above 2111.7 USDT, it may continue to increase to USDTt and further up to $ 2,342. • Confirmation will be the continuation of growth on MacD and RSI over 60-70. 🐻 Bear scenario (threats): • If the price drops below 2048 USDT, possible correction up to 1945 USDT. • RSI returning below 50 and Macd Cross down would be a reversal signal.