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Tilt101
Apr 13, 2018 9:38 PM

$MTL Hitting A Lot of Resistance Short

Metal / BitcoinBinance

Description

MTL is looking like its going to struggle. On the positive side we have a pretty ascending triangle and its almost broken through the 2 hr ichi cloud. On the downside there's a lots of resistance coming immediately after that. We can already see that it dipped into the 4HR Ichi and got pushed right back down.

I can see nothing noteworthy for news on the horizon. MetalPay is launching in beta and will be rolling out to the US shortly on a state by state basis. But this news is overshadowed by TenX aligning with Litecoin for their app.

I have a lot of concerns about MTL moving forward.
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