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jpbrown1023
Jun 6, 2018 6:37 AM

MTL - Oversold and Undervalued 

Metal / BitcoinBinance

Description

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.
Comments
CryptoFlyFisherman
Agree completely about Metal Pay. The TA is great - now is the time to buy, and MTL is looking to Popp (pun intended!) into a bull run! The fundamentals of this project are unreal: it may be THE project that launches crypto currency into mainstream adoption.
turkeyknackers
Excellent write up and agreed, this project is hugely undervalued and will be, in time, an excellent investment
jpbrown1023
@turkeyknackers, Look at the daily OBV for Metal!
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