Market structureI have 4 signs we are in for a buy.
1) the price is at a support.
2) the price just hit my 200EMA.
3) the price just hit my trend line on D1 TF.
4) the price is at oversold on the RSI.
Now we await buy signal ๐ either with candle ๐ฏ๏ธ stick or trend line breakout analysis.
Time to buy also apply WSD to filter the market noise.
MASKUSDT trade ideas
MASK/USDT { MASK NETWORK } - BULLISH SETUPANALYSIS ๐
- MASK/USDT is consolidating in a symmetrical triangle pattern.
- There's a breakout potential.
BUY ENTRY โฌ๏ธ
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS ๐ฏ
- Symmetrical triangle's inclined resistance.
- Horizontal resistance level (@18.459).
- Horizontal resistance level (@20.700).
- Fibonacci extension level 1.0 (@27.605).
SETUP INVALIDATION โ
- Breakdown below the symmetrical triangle's inclined support.
MASk USDTMask Network is flashing some bullish signals!
We have a descending wedge formation that has
confirmed breakout. We must now see follow through with
confirmed volume to increase chances of this being a new bull run!
Secondly we can also see a massive cup and handle formation that suggest a
projected price of MASK Network to reach up to 30$+ target!
As of now, due to the a falling wedge breakout, i am leaning bullish and also firmly
believe MASK trades at 20$ in the near future.
Please note this is not financial advice and i am not a financial advisor.
Trade at your own risk.