AlanSantana

Metal Starts To Generate Profits | Round 2 | 70%+ Next!

Long
BINANCE:MTLBTC   Metal / Bitcoin
Our last chart for Metal (MTLBTC) was shared in late September, on the 27 to be exact, and five (5) targets were hit for 80%+ of profits... You can see it here:
A retrace took place after we hit our targets, which is normal, and now MTLBTC is starting to move again... Let's take a closer look at the chart:

  • We can clearly see Higher Highers (HH) followed by Higher Lows (HL). The uptrend is confirmed.

  • We can also see how the price drops after each peak (purple lines/falling wedge) just to jump back up and reach higher each time.

  • The indicators also continue moving higher and both are now on the bullish side. The MACD is curving up with momentum and the RSI is above 58.

  • Today MTLBTC is moving above EMA100 on low volume. Printing such growth on low volume with this setup is a bullish signal. On a bearish chart, it would be bearish and indicative of an upcoming drop. But on a bullish chart, this low volume growth points to no-pressure from sellers, so the pressure is going to show up at higher prices.

Feel free to ride this wave with us all the way to the top.

Remember to hit LIKE to show your support.

Namaste.

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