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.
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Mask
MASKUSDT(Mask Network) Daily tf Range Updated till 29-05-23MASKUSDT(Mask Network) Daily timeframe range. nothing changed much ever since i last updated the chart. dropped back to #3.462 and retraced back. #5.297 still a valid open space. volume is still not there if it comes its possible to reach there again.
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.
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Is MASK Ready For The Next Run?MASK rumored to be apart of the future twitter payment system, forms a higher low & broke from the daily downtrend. I’m seeking for mask to flip the Daily S/R as Support. In order to hike it’s way through resistance (Red OB’s) and head toward the $9-$11 level. Looking quite bullish.
#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.
Mask Network | MASK just broken out of descending wedgeMask Network | MASK just broken out of descending wedge
MASK is looking like a potential big push up after an oversold divergence on trendline support breaking out of a descending wedge pattern
| Untested Weekly Pivot
| Breakout of descending wedge
| 2 x Bullish Divergence
| CVD Oversold Territory
| Key Trendline CVD Breakout
| Watch out for the 200D.EMA resistance
MASK SHORT TERM ANALYSISHi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the MASK symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$MASK/USDT 2h (#Bybit) Bull pennant breakout and retestMask Network is pulling back to 100EMA support where it seems likely to bounce and resume bullish after.
⚡️⚡️ #MASK/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 4.7%
Current Price:
6.351
Entry Targets:
1) 6.200
Take-Profit Targets:
1) 7.491
2) 8.635
3) 9.780
Stop Targets:
1) 4.698
Published By: @Zblaba
$MASK #MASKUSDT #MaskNetwork #Web3 #NFT
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +51.0% | +89.3% | +127.6%%
Possible Loss= -42.6%
Estimated Gaintime= 5-10 days
mask.io
MASK is really BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MASK symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You