The Maker Course does impressive performance and shows possible bullish trend reversal

The Maker Course does impressive performance and shows possible bullish trend reversal

The Maker Course has increased sharply in the past seven weeks and the question arises whether a bullish trend reversal is imminent. During this period, the course was able to increase by around 144 %. This is also confirmed by the histogram of the MacD, which has been increasing for three months and the MACD lines have crossed in a bullish manner in the mone of Monthly.

In order to complete a complete bullish trend reversal, the course would have to overcome the golden ratio of around $ 4,200. In addition, there is a significant FIB resistance at around $ 2,737. Nevertheless, this has been the most bullish period for more than two years.

In the weekly chart, the maker course also shows Bullish. He was able to break through the 50-week-emotion of resistance at around $ 881 and now meets a significant FIB resistance at around $ 1,266. If this is broken, the next important Fibonacci resistance could be achieved at around $ 1,740. The MacD lines in the weekly chart are over-the-fed, the histogram of the MacD continues to rise and the RSI is slowly moving into overbought areas, but does not show a bearish divergence.

In the daily type, there are both bullish and bear signals. On the one hand, a gold crossover of the EMAS was observed, which confirms the short to medium-term trend Bullish. The histogram of the MacD continues to rise and the MacD lines cross over bullish. On the other hand, there could be a bearish divergence in the RSI, which could indicate that a correction is imminent. The next significant FIB support would then be found at around $ 965 or $ 780.

In the 4H chart, a picture similar as in the daily type shows. There is already a bearish divergence, which means that a correction could follow if the course at 0.382 FIB resistance is rejected at around $ 1,266. Nevertheless, the MacD lines are crossed and the EMAs have formed a golden crossover, which confirms the short-term trend Bullish. However, the histogram of the MacD already shows a bearish tendency.

The Maker Course also shows an extraordinarily bullish development compared to BTC. In the weekly chart, the MacD lines crossed Bullisch and the histogram has a bullish trend. In addition, the course on the support zone was able to bounce off between about $ 0.018 and $ 0.033 and has subsequently increased by more than 113 %. The 50-week-emotion resistance at around $ 0.033 has already been broken bullish. The next significant FIB resistors are waiting at around $ 0.0555 and $ 0.078