Metal has been trading in the 25 to 40 cent range for almost 2 years.
it's a 30 million marketcap with ~30 million $ in daily volume as of posting this.
Main resistance selling points will be 70 cents and $2.40 after this gets going.
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
The same box trends and pivots using Bonfire and Gann. Follow price along these trends and pivots. The price and lines are squared true. This is a short term outlook but the S&R levels should hold for a while.
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
Atif Akbar (moon333)
I believe Metal MTL has reached i'ts bottom and is now ready for huge pullback 0.6 - 0.7.
Looking at the chart we can see on all timeframes huge increase in buy volume resulting in a significant rise of the price.
Also looking at the VWAP(Volume Weighted Average Price) Indicator we can see the price is constantly above the white line which tells us we are in an...
Ok so this is one of my favorite plays for Q4 2018/Q1 2019.
Metalpay is one of THE most undervalued projects on CMC. It's legitimately one of the best mobile apps in the world. Period.
There are fundamental reasons why $MTL dropped through the floor in September - e.g. the app came out later than anticipated.
But $MTL found a floor at $0.60 along the bottom...
Based on our previous MTL/BTC idea, which you can find down below, it has rejected the support and broke above key resistance. Currently key resistance as acting as the support, and if it holds Metal should continue moving higher.
Looking at the MTL/USD chart, price has been very inactive during past 3 months, after MTL/USD bottomed out, hitting $0.5 low....