#MTL/USDT#MTL
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area i
MTLUSDT — Support Accumulation, Preparing for the Next Big Move?📝 Full Technical Analysis & Narrative
MTL/USDT has come a long way. From the all-time high at $10.36, price has retraced into the multi-year support zone at $0.65 – $0.75, where it has been consolidating sideways for a prolonged period.
The yellow box on the chart highlights a key demand zone that
MTL Rebuy Setup – Perfect Entry Ahead! (3D)MTL (Metal DAO) is currently developing within Wave C of a classic diametric pattern, based on Elliott Wave theory. This structure suggests a high-probability corrective phase that typically leads to sudden and sharp movements before a potential reversal.
As of now, MTL has not yet reached the iden
MTLUSDT | AN OPPORTUNITY MIGHT OCCUR BUT BE CAREFUL!MTLUSDT looks strong, although there is a possibility of clearing the monthly liquidity line below.
In the S/R Flip area shown in the chart,
You can enter when the resistance in the support area, which is currently working as resistance, is broken with volume and turns into support.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.