MKR/USDT has formed a PG on the daily chart.

After an epic rally in this cryptocurrency, once again a signal has formed. Recently, the $3000 mark has now been broken here and we formed a new high at $3107.

How far the rally can go now is probably the exciting question. Again, there is no clear answer but there are always new PGs. The new PG could now serve as a further booster. Breakouts on the upside are still more likely although we have already run far.

On the downside, there are still retracements to come, but I'm not worried about that at the moment. If we should see a sharper correction now, then I know at least where my remaining position will be ended.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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