MTL at the moment broke falling wedge, and now is forming 2 figures: a bull flag, with the future transformation into a bearish flag, which will give MTL impulse for correction, to the newly formed support located in the area 34k sats. up to 40k sats., which is not strong enough to keep a large sales flow, so I advise you to leave a stop loss, which we also...
Buyers beware !!!!
5000-5400 satoshi range seems like a decent enough entry. As close to 5000 as you can get - the better.
But those volume spikes keep me guarded against this one. It seems very risky. I would recommend watching this trade throughout its journey or with a good stop/loss in place.
Read on for more details:
MTL -1.79% looks like it is ready to...
The basing phase for Metal (MTL/BTC) has patterned out a very nice looking symmetrical triangle that divides well into ABCDE waves. This took nearly four months! Since Time is not a reflection of sentiment, unlike price; it can't be projected very well. However, the breakout into wae 1 seems solid and the current minor sideways action should end soon for wave 2....
Mtl, currently in accumulation zone, broke out from the descending pattern and now trying to make another go to breakout from the channel. If it breaks out from the 1100 sat we could see a much bigger reward than initially expected but if not it is going back to accumulation zone.
buy in up to around 0.000500 sat
Stop loss at 0.000314 sat
Take profit at 0.001500 sat
ready to make its next move up. It's been consolidating for some months now.
MA 8 ABOVE the MA 88
MA 88 is about to move ABOVE the MA 188.
Volume is BUILDING. The smart money keeping into this coin.
The market cycle is complete so there is only 1 place to move from here...
Looks like we're heading up!
MTL is hovering around a new low.
This coin is missing just 1 aspect to be in my perfect choice range, but we will look at it anyways, and profit a lot from it, just like we deserve.
Because WE deserve the best!
* It's all time high was: 0.00322.
* The bottom was: 0.00025788
* If you divided these two numbers you get: 12.486
So look at the title: Metal (MTL)...
1. presence of bullish divergence
2. The oscillators are at the bottom and ready to go up
3. The price is at the bottom of the Bollinger bands
Profit I recommend to fix in parts!
or you can close orders if the price is higher than the Bollinger bands