MASKUSDT trade ideas
ELON MASKHey, wolves🔥
There is such an interesting formation on MASK only for you.
Our lovely Head and Shoulders pattern.
As you can see from the chart, the price of the crypo to had continious decrease. Historical trendline was broken however this H&S pattern may become a good signal for bulls.
So follow the chart and look for the retest carefully.
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And always remember: "we don't predict, we react".
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 🥂
An Altcoin Pump PSAJust wanted to point this out for anyone who did not know or have trouble remembering.
Monitor your favorite coins and follow the trends. Your charts should look similar and consist of the cup and handle formation before looking for your entry.
Don't always just jump in after a pump already started. You need to be able to catch the move first and DCA into them.
An important thing to keep an eye out for is the Volume rising above their 10 day average and the indicator widget flashing a Strong Buy signal.
Those are just a few things to monitor when looking for your next altcoin.
If you have never experienced a parabolic Altcoin run up. the best advice I can give you is to just let it run. If the coin is actually a decent project, it will continue to retest ATH and push past it creating and even larger cup and handle pattern for a new ATH price target.
I would not recommend shorting for extended periods of time. Pumps can go way higher and way faster than you can expect.
Regardless, most alts you buy now while they are down will eventually pump a modest 50-150%, and more commonly will retest their All Time High.
MASK 1HR Setting Up To Retest Recent High & Breach ResistanceWhat a nice few weeks it has been trading and following MASK/USD!
Currently there are chart dynamics that could push us towards more bullish price action!
MACD & Stochastic are turning vertical and Price action has reacted off of strong resistance level of $6.67 now turned support.
I think we will rapidly test the recent candle body high of $7.80 with wicks into the low $8's and breach past it.
Following a big move we should then sell off and look to find support on those same price levels...
Could see $11 before the sell off but thats pure speculation.
My Opinion Only.
Not Financial Advice
MASK// Symmetrical Triangle (Update)Current accumulation phase and triangle forming. A break and close above on the 4H will likely bring forward a decent pump to possibly make a new ATH.
A break below would likely provide an equal effect.
Symmetrical Triangle - Lower highs, higher lows.
Previous Analyses linked.