Each time Metal (MTLUSD) moves above EMA50 a strong bullish wave takes place.
We can see how this pair is bullish above EMA50.
How it trades above EMA50 and how it bounces off this level.
Currently (right hand side of the chart), this pair is ultra-bullish based on this same/simple signal. Metal moved above EMA50 and tested it as support, confirming the bullish...
Metal hit a low in November 2022 together with Bitcoin and many Altcoins.
Metal consolidated in December 2022 and produced a very strong bullish wave between January and February this year, together with Bitcoin and many Altcoins.
✔️ Metal is now growing strong with more than 3 digits in the green in just a few days... Together with Bitcoin and the rest of the...
Metal currently trending in an AW. I've included DCA points in the event of a distribution.
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I wouldn't call this move on MTL, "Impulsive". More of a slow steady grind up which I don't usually like very much. I actually had a short limit order on for $2 but I removed it thinking it could go higher and i could get my short up at $2.25 area.
I'll be looking for a 4hr or 1hr VPT to print to give me some clarification on entry with the idea to get my entry...
Metal Pay TA:
- By January 2022: 55$ per MTL Market Cap: 3.5 billion dollars. 2.5x from its ATH.
- By March 2022: Retrace to 15$
- By July 2022: 300$ per MTL Market Cap 20 billion dollar. 15x from 2017 top. 100x from the current price 3$
NFA.
Looks like MTL lives again and is very likely to put up massive gains from here.
The chart is showing a tasty cup and handle formation, with us just breaking out of the handle now.
You can't really see it on this chart because the earlier volume spike was massive - but we're getting decent volume on this breakout:
Suspect a quick retracement at some point but...
MTLUSD
Buy in the area of 0.355 - 0.287
1 - 0.435
2 - 0.500
3 - 0.600
4 - 0.800
Stop, fixing below 0.26
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Waiting for your comment, what do you think about this?
Metal moving inside descending triangle..
RSI showing bullish divergence on daily timeframes.
Downside momentum tapering on volume decline
Fibs marked out for LTF resistance
Flipping gray order block confirms bull run
Would only trade this as a breakout play. GL!
Metal Pay MTL - MTLUSD Great Buying Opportunity Coming Ahead -
350% Gains Expected! - Don't Miss This One.. :)
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been conformed.
Target Profit Range - 0.43-0.86
TP 1 - 0.43
TP 2 - 0.56
TP 3 - 0.73
TP...
Priceline of Metal / US Dollar has form a bullish cypher pattern and entered in potential reversal zone.
From here the price action can take bullish divergence to hit the sell targets soon insha Allah.
I have defined targets using Fibonacci sequence:
Buy between: 0.415545 to 0.321635
Sell between: 0.517022 to 0.722366
Regards,
Atif Akbar (moon333)
