MASKUSDT trade ideas
MASK// Long OpportunityRecent price action shows $Mask has formed a W-Reversal pattern to which price pulled back to the broken resistance turned support - which was also near the 61% zone.
This W pattern doesnt have a flat bottom therefore it boasts a slight uptrend line that price is likely to respect on the next touch. From here we can expect price to have a safe support for entry.
An adequate SL would be placed below the TL around the 78% zone.
🆓Mask Network (MASK) Aug-2 #MASK $MASKBuying power has appeared at the $4.50 zone and if it doesn't lose this zone to fall back to the $3.50 zone, it will continue to rise to the $6 and $8.5 zone this August.
📈BUY
🔴Buy : 4.4-4.6$. SL if B
📉SELL
🔴Sell : 5.85-6.15$. SL if A
🔴Sell : 8.3-8.7$. SL if A
♻️BACK-UP
🔵Sell : 4.4-4.6$ if B. SL if A
🔵Buy : 3.4-3.6$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Mask Network: Waiting for the "Coinbase Effect" MASK has fallen steeply over the past four months. MASK is currently down a whopping 86%.
This trading idea needs the full price chart of MASK which is available on the Huobi Exchange. See the full chart and my idea described here:
Sincerely,
Bullbearish
(I'm a Bull. But Bear happens!)
PS: Nothing I post should be construed as trading or financial advice.
Mask Network: Waiting for the "Coinbase Effect" MASK has fallen steeply over the past four months. MASK is currently down a whopping 86%.
This trading idea needs the full price chart of MASK which is available on the Huobi Exchange. See the full chart and my idea described here:
Sincerely,
Bullbearish
(I'm a Bull. But Bear happens!)
PS: Nothing I post should be construed as trading or financial advice.
Mask Network: Waiting for the "Coinbase Effect" MASK has fallen steeply over the past four months. The steepness is less apparent here because this chart is a logarithmic chart. None-the-less, MASK is currently down a whopping 86%.
Although recently listed on Coinbase -- where's the "Coinbase Effect"? (Or the "Binance Effect" for that matter?)
MASK does look primed for price surge. Why?
- It's rare for an asset to fall this far without a strong bounce.
- Recent listings on Binance and Coinbase bode well for MASK.
- An apparent turnaround happened on July 21 after the bottom at $3.00.
- Volume and price are increasing.
- Market Cap is $51M making this a small-cap asset with huge growth potential.
- Mask is in 45 markets, unusually high for a five month old asset.
Short term "Coinbase Effect" target: 50% retrace to $16 (which is 4X over the current price).
Sincerely,
Bullbearish
(I'm a Bull. But Bear happens!)
PS: Nothing I post should be construed as trading or financial advice.
Mask Network - Be Greedy Whilst Others Are Fearful Mask network is one of the newest coins to hit Coinbase. (showing KuCoin chart due to longer price history)
Highly speculative play anticipating a reversal or short rally.
Price has collapsed 96% which is very lucrative in my opinion.
This coin has a rather high inflation rate but low total supply so with demand it should not be an issue. Something to watch for.
My conservative target would be a test of the upper Bollinger Band around $21.
Potential for massive returns in a relatively short timeframe.
As I said, HIGHLY speculative but worth the risk for me.
Not Financial Advice.