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

16 Nov 2022

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!