TradingView
moon333
Oct 6, 2019 1:30 PM

MTLBTC after hitting the support indicators are turning bullish Long

Metal / BitcoinBinance

Description

Priceline of Metal / Bitcoin is moving within a wedge and hitting the wedge's support.
This support should be used as stop loss.
The price action has hit the strong support of 100 simple moving average and likely to fail breakdown this support.
Volume profile is showing less interest of traders here.
Stochastic has given bull cross from oversold.
MACD is turning bullish .
RSI is already oversold.
I have used Fibonacci sequence to set the targets:

Sell between: 0.00005284 to 0.00005870

Regards,
Atif Akbar (moon333)
Comments
Tbex
Mtl/btc is in good retracement or correction position
MTL/BTC
Buy Range : 4450-4650

Target 1: 4840
Target 2: 5480
Target 3: 6300
Target 4: 8300

Stop loss -3%
More