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Is the Old Horse named token MASK about to take off?
Market analysis on October 27.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
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MASK
3.171
-0.59%
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