Mask is moving in a downtrend channel. If price breaks the upper band, theoretically, it can ascend to a level equal to the width of the channel. Although, behavior of price movement may change after the channel breaks; so keep that in mind.
Nota
It seems MASK is getting ready to break this minor triangle pattern, as well as the downtrend channel's middle line. Let's see what happens.
Nota
So, MASK has paved its way up slowly and broke the channel's upper line. It seems an upward wave has started. Let's see what happens.
Nota
So, it seems MASK is moving in a minor ascending channel. There are two possible targets; first is the minor channel's upper line, and second is the intersection area between the horizontal resistance and the major downtrend line.
P.S. be careful, since Bitcoin ETF news can drastically affect the whole market.
Trade attivo
So, MASK's main analysis is still valid. Mask broke the major channel's upper line and went toward the minor ascending channel's upper line. Even though MASK didn't reach the minor ascending channel's upper line, it fell short by a narrow margin, MASK still managed to remain above the broken major channel's upper line. And its next target is still the same: the second parallel blue channel's upper line. Let's see what happens.
Nota
A minor warning: A reverse Cup and Handle pattern might be forming. If this happens, MASK could revisit the channel's bottom line. So, be careful. Let's see what happens.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.