RLinda

RLinda ! MASKUSDT-> Resistance breakdown. Bullish provocation?)

Long
BINANCE:MASKUSDT   MASK / TetherUS
MASKUSDT shows positive dynamics on the background of the global fall. The price makes local highs, breaks through the local resistance, what to expect next?

(Chart 1. Daily timeframe . Technical analysis )

  • On the global chart, we see a range of 3.758 - 2.103, a neutral zone for the coin, in which the price can stay for quite a long time. On the local rising lows we can assume that there is a buyer in the market, which is also indicated by the daily RSI , which is in the bullish zone.
  • Daily MACD shows a neutral situation, as signal line and MACD line are in the bullish zone, while the chart indicates the formation of correction.
  • The daily MA-50 and MA-200 play the role of support. a crossover is formed on a downward movement, which may signal a change of trend.

On the hourly chart, we see a break of the downward channel resistance and bullish momentum. A technical pullback to the support zone of 3,033 is forming. If the bulls are able to hold this zone, the potential for a bullish movement will open up. Short-term target - resistance 3.758, medium-term target - liquidity zone 4.400

Regards R.Linda!

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