Could fake out as well and go lower
I'm in for a much longer term play but there's some nice and easily tradeable price action going on these days.
I've read countless times that MTL is a dead coin and company, and while that maaaay be true, there is definitely something up right now. Just look at this volume, and whats more, our Buy/Sell pressure indicator is saying that bears have been losing momentum for a while now Confirmation of bullish action should come if MTL can break the read down trend line.
3 targets for the mid term. going into the yellow area should be of concern but we could see a bounce, and a staying in the red too long should signal fully pulling out.
Currently LTC is just below/on our first fib line, as well as about to touch the upper curved resistance line that has held us back from higher highs since ATH. While on the one hand this is concerning as it's certainly an area of strong resistance, it's also potentially bullish seeing as IF we can break through, it could trigger a much larger overall rally.
LINK/USDT is also looking good, but if we can't get some momentum going here, we could be entering little more than a bull trap. trade safe.
Couple possible ways this could play out if we continue this bullish trend. I'm most banking on a larger move up however, given how much pressure has been building the past month or so.
Could this finally be the start of a bull market?
Goin to be posting a few variations on this idea below.
Hopefully the formatting stays this time...