MTL/BTC has bottomed out and we have been through a bull trap recently
MTL/BTC all time high was: 0.00322
The bottom was: 0.00025788
From there we can divide these two numbers and get: 12.486
ATH could be possible, we have had a long period of consolidation and strong indicators for a new market cycle to start
Indicators:
- MACD= Positive divergence; Plenty of room for growth, reversal and crossover.
- RSI= Bounced recently from oversold levels, and has all the room in the world for growth.
- Over a month of consolidation.
Buy in: 0.0003800 - 0.0004200
Targets:
1 - 0.000606
2 - 0.000794
3 - 0.000949
4 - 0.001103
5 - 0.001320
6 - 0.001590
7 - 0.002401
MTL/BTC all time high was: 0.00322
The bottom was: 0.00025788
From there we can divide these two numbers and get: 12.486
ATH could be possible, we have had a long period of consolidation and strong indicators for a new market cycle to start
Indicators:
- MACD= Positive divergence; Plenty of room for growth, reversal and crossover.
- RSI= Bounced recently from oversold levels, and has all the room in the world for growth.
- Over a month of consolidation.
Buy in: 0.0003800 - 0.0004200
Targets:
1 - 0.000606
2 - 0.000794
3 - 0.000949
4 - 0.001103
5 - 0.001320
6 - 0.001590
7 - 0.002401
Note
EDIT buy in:* 0.000380 - 0.000420
Note
I am still holding this trade. Taking longer to develop because of the market wide correction but I believe this has the legs to run. Patience is key.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.