$MKR$: Bullish 🐂 [Extended Analysis]

What’s up: In the higher time frame, a descending channel has taken shape for $MKR$. If this channel experiences a breakout, there is potential for a 280-300% bullish move. It is important to note that while this presents a medium-term opportunity, it is likely to be subject to volatility given the retracement of $BTC$ from $25K.

The Long-Term Play: 2-3 months
4.72-to-1 PL Ratio.
Entry: 737.56; Target: 1160.00; SL: 648.06.

TA Methodologies:

1. Supply & Demand Theories
2. Price Momentum
3. Fibonacci Retracements & Extensions SR Zones
4. Trendline Breakout
5. RSI Movement Strengths

Disclaimer: I would like to make it clear that I am sharing my analysis as a means of documenting, refining, and enhancing my thinking process. It is important to note that none of the information I provide should be construed as financial guidance. It is advisable that you conduct your own research.