Connect with us

Bitcoin News

MAKER Price Prediction Today: Daily (MKR) Value Forecast – July 31

Published

on

MakerDAO-Fresh-Mints-are-already-Hitting-1-Million-and-May-Triple-Before-the-Year-Ends

MakerDAO-Fresh-Mints-are-already-Hitting-1-Million-and-May-Triple-Before-the-Year-Ends

  • MKR/USD market now chops around $700, $650, and $600 price territories.
  • The MKR/USD bulls have been building a foundation, but it hasn’t had enough strength.

MKR/USD Medium-term Trend: Ranging

  • Distribution territories: $750, $800, $850
  • Accumulation territories: $500, $450, $400

MKR/USD market has on a small note run into upper range trading zones as compared with the last settings form. Currently, the choppy zones of the crypto market are $700, $650, and $600 territories.

The Bollinger Middle Band and the 50-day SMA indicators now slightly point to the north as the price continues to hover around the Bollinger Upper Band trend-line. The Stochastic Oscillators have briefly crossed the hairs against range 40 towards the north.

The bulls have now started struggling to recover from a downward move that has dominated the MKR/USD market operations in the recent past. All things being equal, a breakdown of price line at $550 could cause invalidation of seeing upward swings in this crypto market.

MKR/USD Short-term Trend: Ranging

There has been a wide range of price movements in the market operations of MKR/USD in the short-term run today. The ranging trend of the crypto-market also features erratic price movements in the trading pattern.

The Bollinger Bands are now widely opened with the 50-day SMA and the Bollinger Middle Band closely located within. The Stochastic Oscillators have crossed the hairs at range 40 pointing towards the north direction.

The MKR/USD market has seemed to start a recovery set-up. However, the foundation hasn’t had enough strength as it has to encounter rejections around the trend-line of Bollinger Upper Band.

Maker:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement
Advertisement

Recent Posts

Copyright © 2019 The Crypto Report