MTL looks to be on a nice trend and holding very well the 200ma and the 23.6% fibs at moment. I like the MTLBTC setup very much so.
Out of all the Binance coins that I have analysed none has been in accumulation stage + a solid uptrend for this long. MTL has been in an uptrend since December 8 2017 while making consistent higher lows and has been forming a symmetrical triangle since the beginning of the uptrend. The volume on MTL has also been very strong indicating the solid accumulation that...
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 is moonbound Once RSi breaks over about 58, i expect it to pop. OBV is breaking the doward trend. This set up is really nice, and I cant find any others quite like it, since this one mooned before last alt season. SL 4700 T1 7200 T2 9850
Metal ( MTL ) · Loop A.I. Indicator: Price just touched support zone and bounced. Buy volume rapidly increasing. Positive social volume increasing. Signal: Likelihood of price increase: 66%
A Fundamentally and Technically strong coin, Metal has a working product currently testing in the alpha phase. The product could be released publicly in a beta at any moment which would accelerate the breakout in price. Metal has broken out of the accumulation zone is making a run up to resistance, this time around I'm expecting the price to breakout. 2-3x potential.
Hey Guys and welcome to another trade we recently made big profit with MTL so its time to make more. So we can buy now and if drops buy more sell strong on targets and don't forget to love what u do. Have a nice day/Night
Incremental Metal volumes spikes 4/6 @ 9:00 MST 4/7 @ 18:00 MST 4/8 @ 20:00 MST 4/10 @ 6:00 MST 4/11 @ 10:00 MST 4/12 @ 11:00 MST 4/13 @ 11:00 MST
I give it less than a week to hit target
The chart says it all. Do your own analysis before trading. :)
Potential A&E bottom forming on the MTLBTC 4H chart. Would wait for confirmation and a nice breakout, strong fundamentals behind this one.
Update to previous chart linked beneath - Mtl in the buy zone, resistance/support on the arcs and fibs
I expect us to break downwards towards the support trend line and bounce upwards.
When trading alts we all know the one and only goal is to outperform its pair. Here we see METAL with solid support, bouncing the lows higher and higher up. Even with significant sell pressure keeping prices down, we can hope that the consolidation of the two resistances will provide a breakthrough for the bulls. If we see the breakout push METAL back to .382 ...
Round Two! First MTL trade was stopped out, but the chart remains very bullish.