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MASKUSDT

MASK – Break out of Descending Channel• MASK is trading inside a Descending Channel for 110 days. • Currently, it looks as if MASK is breaking out of the channel to the upside. • Confirmation: break above 3.92 USDT and hold it as support. • Target: 5.88 Trade Idea: • Entry: 3.92 • SL: 3.54 (tentative, SL below previous low) • TP: 4.94, 5.88. • Target: 5.88 (Could go a lot higher) • R: R: 1:4.76 NFA. What do you think? Please share in the comments. Best Wishes
Long
by NewThoughtCrypto
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
MASKUSDT → Preparing to break through the resistanceBINANCE:MASKUSDT is squeezed in a triangle, a breakthrough of resistance can form an implus within which the cryptocurrency pair can strengthen to 6.990. BINANCE: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. 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!
by RLinda
10