- Metal MTL Rank #184, Volume 24h $327,375,718.
- On the chart we can see a bullish flag, which is currently breaking out!
- New All Time Highs very soon.
- Target is 1:1 fib extension, RSI is prepared for the next pump.
- we had 3 years of consolidation in the rectangle / head and shoulders pattern.
- For expected duration of the trade, probability, stop...
Metal Pay TA:
- By January 2022: 55$ 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$
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...
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...