Mask Network: Waiting for the "Coinbase Effect"
MASK has fallen steeply over the past four months. The steepness is less apparent here because this chart is a logarithmic chart. None-the-less, MASK is currently down a whopping 86%.
Although recently listed on Coinbase -- where's the "Coinbase Effect"? (Or the "Binance Effect" for that matter?)
MASK does look primed for price surge. Why?
- It's rare for an asset to fall this far without a strong bounce.
- Recent listings on Binance and Coinbase bode well for MASK.
- An apparent turnaround happened on July 21 after the bottom at $3.00.
- Volume and price are increasing.
- Market Cap is
51M making this a small-cap asset with huge growth potential.
- Mask is in 45 markets, unusually high for a five month old asset.
Short term "Coinbase Effect" target: 50% retrace to $16 (which is 4X over the current price).
Sincerely,
Bullbearish
(I'm a Bull. But Bear happens!)
PS: Nothing I post should be construed as trading or financial advice.
Although recently listed on Coinbase -- where's the "Coinbase Effect"? (Or the "Binance Effect" for that matter?)
MASK does look primed for price surge. Why?
- It's rare for an asset to fall this far without a strong bounce.
- Recent listings on Binance and Coinbase bode well for MASK.
- An apparent turnaround happened on July 21 after the bottom at $3.00.
- Volume and price are increasing.
- Market Cap is
51M making this a small-cap asset with huge growth potential.- Mask is in 45 markets, unusually high for a five month old asset.
Short term "Coinbase Effect" target: 50% retrace to $16 (which is 4X over the current price).
Sincerely,
Bullbearish
(I'm a Bull. But Bear happens!)
PS: Nothing I post should be construed as trading or financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.