Buy MTLETH now. On 23rd January price first closed above Donchian's previous day' s upper line. Yesterday (14th March) the candle closed above again - moreover it was taking off MA200. We have a new uptrend and we are potentially entering into an impulse wave 3. RSI in bullish territory. PVO is rising.
Fib 2.618 or 3.618 can be targets. 2.618 is confluencing with...
MTLETH was starting a new trend in January - daily candle closed above Donchian's upper line on 23rd January. Yesterday on 14th March the candle was also closing above again - moreover this was taking off MA200. We are in a new uptrend and potentially entering into a wave III.
Buy now - wave III. is usually the impulse wave - targets can be set to either under...
This is a simple trading analysis of the SALT/ETH altcoin trade.
Chances to reach the maximum are high.
Subwave 3 of Wave 3 should reach 0.005800 by mid-november 2018.
Then scale your buy back between 0.004250 and 0.004400 and scale your sell again at the end of wave 3, between 0.006800 and 0.007200 (second part of november).
Have fun !
MTL has briefly broken its descending wedge and will hopefully catch a ride on that ascending support line. As you can see, there is very little horizontal back resistance so it really has a chance to go up 50% to that top resistance. I also wanted to note, and I think many people already know this, but setting very low buy orders on any coin when you have extra...
Looking at the past several month's decline in MTL prices coupled with the recent increase in trading volume and value, it seems possible a price recovery may be taking place.
In the graph, the plotted lines show what a complimentary incline for the past several months of decline could look like.