It's Time For The Retest

Explore the bullish trend of MKR in the weekly timeframe, marked by consecutive bullish candlestick closures within an ascending channel. Despite potential retests, the overall outlook indicates sustained bullish momentum.

1/10/20241 min read

MKR weekly chart displaying a bullish trend within an ascending channel, signaling potential for sus
MKR weekly chart displaying a bullish trend within an ascending channel, signaling potential for sus

MKR is exhibiting a bullish trend in its weekly timeframe, consistently positioned within an ascending channel. The recent pattern shows three consecutive bullish candlestick closures, indicating a strong upward momentum.
Presently, MKR is trading at the top of this ascending channel. While a retest of the specified support zone could occur in the near future, the overarching long-term trend for MKR remains positively upward, suggesting sustained bullish sentiment.