✴️ Mask Network 50/50 | Bullish Or Bearish
Just now I checked the chart for Render Token and saw it as having an "anomaly" and here is another chart that isn't normal based on what we are used to seeing.
While currently the signals are bearish for MASKUSD, the trend is bullish.
A bullish breakout happened in October 2022.
This move is followed by a bullish consolidation with higher highs and higher lows.
We see prices trading below EMA10/21/50 weekly and the RSI trending lower, all bearish but this doesn't change the trend and so we have a mix chart.
Above the blue lines MASKUSD stays short and mid-term bullish.
Below, this bias is lost and the bears gain control.
Since the chart is unique compared to other Altcoins and the October low is very far away, there is room for any move to take place. Hard to make a call on this one.
I would say short-term some doubt, maybe a little bit more correction and then up. That's my guess.
Namaste.
While currently the signals are bearish for MASKUSD, the trend is bullish.
A bullish breakout happened in October 2022.
This move is followed by a bullish consolidation with higher highs and higher lows.
We see prices trading below EMA10/21/50 weekly and the RSI trending lower, all bearish but this doesn't change the trend and so we have a mix chart.
Above the blue lines MASKUSD stays short and mid-term bullish.
Below, this bias is lost and the bears gain control.
Since the chart is unique compared to other Altcoins and the October low is very far away, there is room for any move to take place. Hard to make a call on this one.
I would say short-term some doubt, maybe a little bit more correction and then up. That's my guess.
Namaste.
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