MASKUSDT → Preparing to break through the resistance

By RLinda
MASKUSDT is squeezed in a triangle, a breakthrough of resistance can form an implus within which the cryptocurrency pair can strengthen to 6.990.

RLinda ! MASKUSDT-> Resistance breakdown. Bullish provocation?)


MASKUSDT is in an uptrend. It is worth paying attention to the strong support of the uptrend channel and the 200-day uptrend average. The line confirms the presence of a strong support, which was false-break-down three days ago.
Statistically, the strongest moves occur after a false-break-down.
We might see a break-up of the local resistance, but in that case the bulls will have to be tough to control the market.
MA-200 is a strong support
MA-50 is a resistance that might be tested soon.

snapshot

Strong support: uptrend channel support at 3.758
Strong resistance: downside line, 4.840 level

I expect the end of the consolidation by break of the resistance and bullish momentum to 4.840, and then to 6.990.

Regards R.Linda!
Bitcoin (Cryptocurrency)BTCBTCUSDTChart PatternscryptoCryptocurrencyETHEthereum (Cryptocurrency)Technical IndicatorsMASKUSDTTrend Analysisusdt
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