MASKUSDT
MASK/USDT { MASK NETWORK } - BULLISH SETUPANALYSIS 🔎
- MASK/USDT was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price then hit a swing high (@13.937) and retraced.
- Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786), descending trendline resistance and the double bottom neckline resistance.
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
- Current market price.
TARGETS 🎯
- Horizontal resistance level (@13.937).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
MASK bull flag breakoutMASK has just broken out of 2-week long bull flag. BTC isn't too stable right now so ideally what I'd like to see is some consolidation above the upper trendline before entering.
Entry: 10.90 - 10.50 (or as long as it holds the upper line)
SL: 9.340 (under 200ema 4h)
TP1: 12.91
TP2: 15.49
TP3: 20.70
TP4: OPEN++
MASK OOZES HOPEMACD is on the verge of showcasing a bullish cross. We have a strong cluster of support with EMA50 & MA50 perfectly aligned. The bullish flag is broken upwards and retested, so bullishness is confirmed. Plus, we have an inverse H-&-SH pattern, which adds to all the bullishness in the air. The volume is decent. This is a trade that might produce 60% of profit. Send it!
MASK/USDT { MASK NETWORK } - BULLISH SETUPANALYSIS 🔎
- MASK/USDT has been resisted by the short term descending trendline resistance since 25th August 2021, 18:30 (UTC + 1).
- Price is testing the descending trendline resistance.
- After some breakout attempts, we could be on the verge of a successful breakout above the descending trendline resistance.
- Key horizontal resistance levels have been indicated on the chart.
- If a successful breakout is achieved, the horizontal resistance levels can be used as your take profit targets.
- Draw your lines and watch.
Eğlence 🥂
Mask Network - Be Greedy Whilst Others Are Fearful Mask network is one of the newest coins to hit Coinbase. (showing KuCoin chart due to longer price history)
Highly speculative play anticipating a reversal or short rally.
Price has collapsed 96% which is very lucrative in my opinion.
This coin has a rather high inflation rate but low total supply so with demand it should not be an issue. Something to watch for.
My conservative target would be a test of the upper Bollinger Band around $21.
Potential for massive returns in a relatively short timeframe.
As I said, HIGHLY speculative but worth the risk for me.
Not Financial Advice.