MKR Falling Wedge Breakout + Target & Key Levels

MKRUSDT just broke out of a 1-year long falling wedge, see 1D zoom below.


Further confirmation would be either:
• Daily retest of the resistance as support
• Weekly close above the resistance

Key Levels to Watch
Aside from the demand zone, these are all potential resistances and good candidates for partial TPs.
• $520-$720: Key demand zone. A break below it would invalidate any bullish setup.
• $1600-$1800: Daily sell order block, and the first resistance to overcome.
• ~$2000: 0.382 fib of the move down, and HVN*.
• $2300-$2400: 0.5 fib of the move down, daily sell order block and previous support
• ~$2800: 0.618 fib of the move down, and HVN*.
• $3800-$4000: Daily sell order block, and 2024 high.

The falling wedge measured target is $3700.

* HVN = High Volume Node