jpbrown1023

MTL - Oversold and Undervalued

BINANCE:MTLBTC   Metal / Bitcoin
Looking at the 4-hour chart for Metal, I find it hard to believe it is this cheap. The price action is in a falling wedge pattern as it approaches the yellow support line of a triangle. You can see bullish divergence on the MACD and in its currently oversold state on the RSI, I am anticipating a nice jump from this falling wedge. If you are not familiar with Metal, it's a project that hopes to bring crypotcurrencies to the masses. How do they do that? Well essentially Metal is like Venmo, but for crypto. Users can have a bank account on Metal allowing them to purchase, send, receive cryptocurrencies with ease without the hassle of using a crypto-fiat exchange. You will also get a debit card with your Metalpay account so you can use Metal for everyday purchases. This is key for usage and adoption as most merchants that do not accept crypto as payment yet. Plus earn 5% on purchasing, sending, or receiving Metal. They also recently acquired Crumbs Technologies with the intention of utilizing its micro-investment application within their payment processing platform. I like this project and the team. If they get listed on another big exchange or relisted on Bittrex, I would expect a big jump in price in volume. Minus any BTC collapse, this price is a steal.
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