We can see MTLBTC facing strong resistance at EMA100 and EMA50, blue and magenta lines respectively.
It is still likely to move positive based on the v/triangular pattern shown to test support.
After this pattern, it is more likely for prices to move up rather than drop.
In case of a drop, I've marked the support level on this chart.
The general trend is still...
MTLBTC (Metal) is starting to recover slowly...
Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200.
We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place.
If we see similar signals but with a weak RSI it can signal that the price can easily...
MTL has come down to the EMA200 after losing the EMA100 support. Approximately 24% bearish move and a good short opportunity.
If today's candle closes below the EMA200 we can expect a bigger bearish movement.
Hope you enjoyed it!🍻
if u look on the chart on weekly n daily time frame u gonna see that its already above 50 EMA which is good indicator, it just went down cuz btc made +8% green yesterday.
for me I believe that BTC wont continue to go up, so its season to have coins/btc where we make bitcoin.
MTL/BTC has the potential to make 8x from here to reach 0.00049 sat
Im holding for next...
(yet very new in cryptospace and tech analysis so take this with a grain of salt).
My guess is that we will see the next fib line this summer.
a little featback for a noobi like me would be great!
messy chart but msg gets across
broken out of downtrend on btcpairing
OBV trendline touches have historically been the spot to buy
rsi bouncing of longterm trendline
this one gets a markup soon
looks pretty good