So Metal is a project that is new to me. It is a recent token off of Ethereum, and apparently they are alpha testing their system with a small group of holders and members of their chat community. Their website has an allstar team from all kinds of industry leaders in their various fields. To be honest though, I still need to research them a lot more before I decide if this is a coin to hold long term, but in the meantime, things looks up for MTL assuming Bitcoin doesn't do anything crazy again.
I usually don't like tons of indicators on charts, but for this one, I saw many signals pointing in the same direction.
1. Fast (9) EMA has caught up to price and is now acting as support. Slow (30) EMA is getting there and is currently a resistance line. A crossover looks imminent.
2. A slight RSI divergence as well as double bottom both hint at trend reversal and upward price movement.
4. MACD, still in bearish territory, but there has been a crossover of signal line and histogram is positive.
Possible that MTL will move in a new direction. I've bought a little to get my toes wet.
Let's see...
www.metalpay.com/
I usually don't like tons of indicators on charts, but for this one, I saw many signals pointing in the same direction.
1. Fast (9) EMA has caught up to price and is now acting as support. Slow (30) EMA is getting there and is currently a resistance line. A crossover looks imminent.
2. A slight RSI divergence as well as double bottom both hint at trend reversal and upward price movement.
4. MACD, still in bearish territory, but there has been a crossover of signal line and histogram is positive.
Possible that MTL will move in a new direction. I've bought a little to get my toes wet.
Let's see...
www.metalpay.com/
Trade active:
Well that didn't work out the way I thought...Let's see if things change.