MASK 1HR Setting Up To Retest Recent High & Breach Resistance
What a nice few weeks it has been trading and following MASK/USD!
Currently there are chart dynamics that could push us towards more bullish price action!
MACD & Stochastic are turning vertical and Price action has reacted off of strong resistance level of $6.67 now turned support.
I think we will rapidly test the recent candle body high of $7.80 with wicks into the low $8's and breach past it.
Following a big move we should then sell off and look to find support on those same price levels...
Could see $11 before the sell off but thats pure speculation.
My Opinion Only.
Not Financial Advice
Currently there are chart dynamics that could push us towards more bullish price action!
MACD & Stochastic are turning vertical and Price action has reacted off of strong resistance level of $6.67 now turned support.
I think we will rapidly test the recent candle body high of $7.80 with wicks into the low $8's and breach past it.
Following a big move we should then sell off and look to find support on those same price levels...
Could see $11 before the sell off but thats pure speculation.
My Opinion Only.
Not Financial Advice
Comment:
Price has collapsed to retest the level from where this move started.. We could see another leg up from here or a continuation into a lower low. Time will soon reveal...
Trade active:
Breakout is well underway!!