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Mask

MASK is Having a Hard Time For the time being MASK is still stuck in a bearish Channel. On June 21st -22nd, MASK had a chance to break above a former support trendline, now turned into resistance. Unfortunately, it failed. Next stop, IMO, is the 3.26 USD Support level. If it holds MASK can try for higher. This could also be a chance to try a long position with the invalidation below support. Not a high-confidence trade but the R:R ratio is insane. If MASK fails to hold the 3.26 USD level, next stops are 3.06 USD and 2.6 USD. Just to be clear, I am bullish on MASK. I think it has enormous upside potential. The only question IMO is when will MASK resume its uptrend, not if. Trade Idea: Entry: 3.06 SL: 2.87 Target: 7.2
Long
by NewThoughtCrypto
MASK Network Falling Wedge PatternCrypto MASK has recently formed a falling wedge pattern, which could potentially signal a bullish reversal in the near term. The falling wedge is a chart pattern characterized by a series of lower highs and lower lows, converging towards a point. This pattern typically suggests diminishing selling pressure and a potential breakout to the upside. In the case of MASK, the falling wedge pattern indicates that selling momentum may be waning, and buyers might be stepping in. This could lead to a potential price surge towards the projected price target of $4.50. Looking forward to read your opinion about it!
Long
by TopgOptions
📉 Massive Market Shakeup! MASKUSDT Plunging Towards New Lows! Triangle Breakdown: MASDKUSDT recently experienced a significant breakdown from a triangle pattern, indicating a shift in market sentiment. This breakdown has captured the attention of traders and investors alike. Multiple Touch Trendline Support: After the breakdown, MASDKUSDT found support at a well-established trendline that has been touched multiple times in the past. This support level is crucial for determining the cryptocurrency's next move. Retest of the Triangle: The current price action suggests that MASDKUSDT is poised to retest the triangle from which it broke down. This retest will serve as a critical juncture, potentially determining whether the downward momentum will continue. Potential Downward Momentum: Traders are closely monitoring MASDKUSDT as it approaches the triangle retest. If the cryptocurrency fails to reclaim the triangle's support and continues to show weakness, it could pave the way for further downward pressure. Trading Strategy: Traders with a bearish outlook might consider entering short positions if MASDKUSDT confirms the triangle retest and demonstrates sustained downward momentum. Proper risk management and stop-loss orders are essential to navigate the volatile market conditions.
Short
by MyCryptoParadise_Simon
4
MASK - The Cleanest Shirt in the Dirty Laundry• MASK has been one of the coins that performed the best during 2023. During the month of October 2022 MASK made an astonishing 500% on the back of the hype of Elon Musk’s purchase of Twitter. Since then, it has kept the uptrend and only lost the 200D EMA on June 10th, 2023. • Unlike other coins, MASK’s uptrend is not completely lost. MASK needs only an 11% price appreciation to be above the up-trending support line, the 200, 50 & 21 EMA’s. MASK doesn’t have a lot to go to be bullish again. IMO, the only factors that can work against MASK are: 1. All the resistance is clustered together in a tight range. 2. A recovery of the crypto market is not yet certain. • If Bitcoin regains bullish momentum and pushes up, IMO, MASK will outperform not only Bitcoin but many of the altcoins. • If we assume that MASK’s performance during the bear market is indicative of future performance; I fully expect MASK to at least make it to its ATH, maybe more. My Trade Ideas: 1. This one is a bit risky. The premise of this idea is that the Bitcoin correction is over, which is not certain. It is not a bad idea if you have high conviction about MASK and you want to buy a spot bag or trade without leverage. Entry: 3.64 SL: 3.04 TP: 4.87, 7.33, 13.26 2. This is a more conservative approach. Let MASK reclaim the trendline and the EMAs and go long above resistance. Entry: 4.87 SL: Below the trendline TP: 7.33, 13.26 and leave a moon bag. NFA What do you think? Please share in the comments Best wishes to all
Long
by NewThoughtCrypto
MASKUSDTAfter a good performance, the mask has now taken a bearish shape and is under a static resistance and a dynamic resistance, which caused the formation of a double top pattern a few days ago. My prediction for the next few days is that the price will move towards historical support and possibly Failure is support. which you can see in the chart. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Short
by Madoir
The MASK Has Fallen 🤿 Now What?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. MASK is overall bullish trading inside the rising channel in blue, and we are currently in a correction phase approaching the lower blue trendline. Moreover, the zone 3.5 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. As per my trading style: As MASK is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
MASKUSD: Triangle breakout can get it to $7.00 fast.MASKUSD is trading on a Triangle pattern at the bottom of the long term Channel Up. Supported by the 1D MA200 and resisted by the 1D MA50, the 1D timeframe is technically neutral (RSI = 49.176, MACD = -0.028, ADX = 27.319) and the next breakout can deliver a big move. We will ideally wait until R1 breaks and buy targeting the R2 (TP = 7.17500). The 1D RSI shows, that the market has already bottomed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:MASKUSDLong
by InvestingScope
13
Unleashing the Bull: MASK/USDT Primed for a 20x Potential in theTechnical Analysis Indicates Bullish Long-Term Potential for MASK/USDT The cryptocurrency market has seen significant growth recently, and one coin that has shown remarkable performance is MASK/USDT. With a 350% increase in just 7 months, the coin has caught the attention of investors. In this article, we will analyze the technical aspects of MASK/USDT and discuss its potential for further growth. Technical Analysis Overview: The current trading price of MASK/USDT stands at $4.48, indicating a substantial upward trend. The coin has already reached $7.40, which is six times its recent bottom, showcasing its strong growth potential. From a technical analysis perspective, the outlook for MASK/USDT appears bullish in the long term. Support and Resistance Levels: The recent price action suggests that MASK/USDT has bounced from the support level of $3.70, indicating a positive momentum. Based on this, it is reasonable to expect a potential rise to $6 in the coming days. However, it's important to note that $6 represents a strong resistance level. If MASK/USDT manages to break through this resistance, it could embark on a skyward trajectory toward a new all-time high. Potential Upside: Considering the current market conditions and the technical analysis, there is a possibility of significant upside potential for MASK/USDT. If the coin successfully breaks the $6 resistance level, it could experience a substantial surge. With a projected 20x potential in the next bull run, the coin becomes an enticing investment opportunity. Entry Points and Targets: For investors considering entry into MASK/USDT, it is advised to consider a partial entry strategy. The suggested entry points are: Entry 1: $4 Entry 2: $2 After breaking through the $6 resistance level, the following price targets become relevant: Target 1: $14.50 Target 2: $35 Target 3: $80 Market Dominance Considerations: It is important to monitor the dominance of cryptocurrencies in the market. If dominance continues to rise, it may create buying opportunities when altcoins experience a decline. In such scenarios, it is advisable to accumulate small quantities of MASK/USDT at $4, while reserving substantial buying power for an opportune moment around $2. Conclusion: In conclusion, based on the technical analysis, MASK/USDT appears to have significant bullish potential in the long term. With recent support levels and resistance identified, investors can plan their entry points and set realistic targets. However, it is crucial to conduct thorough research and analysis before making any investment decisions. Keep in mind that this article represents an opinion and should not be considered financial advice. Takeaways: - MASK/USDT has shown a remarkable 350% increase in just 7 months. - Technical analysis suggests a bullish outlook for MASK/USDT in the long term. - $6 represents a strong resistance level that, if broken, could lead to new all-time highs. - The coin has a projected 20x potential in the next bull run. - Consider partial entry strategies with suggested entry points at $4 and $2. - Price targets after breaking the $6 resistance level are $14.50, $35, and $80. - Market dominance fluctuations may provide buying opportunities for MASK/USDT. - Conduct thorough research before investing and seek professional advice if needed. Disclaimer: This article represents the author's personal opinion and should not be considered financial advice. Always do your own research before investing in any cryptocurrency. Follow us for more quality analysis. Thank you.
Long
by CryptoPatel
3
#MASKUSDT Shows Strong Reversal Signals, Targets 24% UpsideThe recent price action of #MASKUSDT has sparked excitement among traders as it found strong support at the 361.8% Fibonacci level, marking a significant turning point in the market. Bulls took charge as the cryptocurrency broke free from a downtrend trendline, signaling a potential shift in the overall trend and offering promising opportunities for buyers. Notably, during a retracement, the price encountered strong demand at the 78.6% Fibonacci support, validating the bullish momentum and setting the stage for potential gains. Traders are now eyeing a potential 24% price surge in #MASKUSDT, but it's crucial to monitor the price closely and remain cautious, as any new lower low could alter the current outlook.
Long
by MyCryptoParadise
2