MASK ANALYSIS (2D)Before anything, pay attention to the time frame. The time frame is big and time consuming.
MASK appears to be inside a large triangle.
Wave D of this triangle has become a diametric, and it seems that we are now in the ascending wave e of this diametric
It is expected that it will move to the red box while maintaining the green range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MASKUSDT trade ideas
Mask - ready to start an inrcedible uptrendMask is ready to start an incredible uptrend; at least, this is what my analysis suggests. We can see that the downtrend ended with the descending parallel channel, and now the whales are accumulating contracts in this rectangle pattern. You can either wait for a breakout or buy a small correction. 471% profit is the minimum you want, but I believe we are going to go much higher than that. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.
Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms. It then raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global, and a further $3 million funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs.
Now, Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer peer-to-peer payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
#MASK The floor of the channel is made of a corner patternIn the daily time, it is moving in an ascending channel, which is currently happening at the bottom of the channel and forming a corner pattern, which will have the ability to reach the supply area if it breaks from above. In case of a break from the bottom, the minimum correction will be up to $2.7.
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$mask may be preparing for massive move! 45%+ possible gains!Hello Traders!
Many major indicators hinting for massive move potential towards $5+ zone on weekly time frame and short term frames looking very bullish as well. I am expecting sudden move out of blue with this one. Worth to keep an eye on it!
MASK - 1D - $5 - approx. 45% profitMASK is holding support above the $3 and is ready to continue it's upward move back to the $5 area which is a profit of approx. 45% from current price. MASK could potentially continue it's upward move back to the $7,50 area which could give a profit of approx. 115%.
MASK is currently breaking out of a bullish Falling wedge pattern and a inverted head and shoulders which usually leads it's price back to the top where the pattern started.
MASK/USDT Could MASK Bounce from the support and back to upward?๐ MASK has recently witnessed notable developments in the market.
๐Currently resting on a crucial support area, MASK exhibits resilience, evident from the historical strength of this support zone. There's a possibility that MASK will experience a bounce from this support, paving the way for an upward movement towards the resistance area.
๐ A successful breakout of the resistance probability could facilitate a smooth continuation towards our target strong resistance area.
๐ However, if MASK fails to maintain support at this level, it could signal a concerning trend reversal. The breach of this critical support may lead to a shift in momentum, with the next potential downward stop being the demand area.
๐ At the demand area, a bounce is essential for reclaiming the area above the support zone, sustaining upward momentum, and reaching our target area. If MASK shows prolonged sideways movement without positive signs, there's a risk of losing demand, potentially resulting in further downward movement.
Mask Its Time To UnMask It"Hello, crypto visionaries! Explore the crypto world with my daily technical analysis. Together, we'll uncover opportunities and stay ahead of the game!
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Disclaimer: Technical analysis is a piece of the puzzle. Always analyze other aspects before making investment choices. This is not financial advice."
Looking Long! Heavy Support formed, while in a triangle.Compare this Chart to BTC2 as per my X post, we can see a big base o support formed with volume, price traded around that POC support, then brokeout nearly 80%. I am expecting at least a breakout, % wise, who knows with these low vol alt coins.