MTL : Falling Wedge Creation
Updated
Short term upward Elliott waves creation is possible by the following week for the pair MTL/BTC. MTL has been like most of the other crypto's for the last 5 to 6 months and even declined upto 20X in a year. Here is a short term possibility for MTL as an option for swing traders. But a breakout is expected to be in the trade for full terms. RSI is in good terms at 41 and 50EMA and 89EMA are still above the price but looking to fell down in the near term. Volume need to grow to see a breakout though.
Accumulation Zone : 6200 sats - 6500 sats
Distribution Targets :
Target 1 : 6790 sats
Target 2 : 6930 sats
Target 3 : 7070 sats
Target 4 : 7270 sats
Target 5 : 7520 sats
Stop Loss : 5950 sats
A 20% profits is expected in 4 to 5 days after a breakout and confirmation of trade.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
Accumulation Zone : 6200 sats - 6500 sats
Distribution Targets :
Target 1 : 6790 sats
Target 2 : 6930 sats
Target 3 : 7070 sats
Target 4 : 7270 sats
Target 5 : 7520 sats
Stop Loss : 5950 sats
A 20% profits is expected in 4 to 5 days after a breakout and confirmation of trade.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
Trade active
Still didn't break our stoploss point in our call the day before yesterday and MTL needs some volume to get an energy to boost upwards. BTC's move will be a big factor on this trade.New Entry Level : 5950 - 6100 sats
Distribution Targets :
Target 1 : 6320 sats
Target 2 : 6550 sats
Target 3 : 6740 sats
Target 4 : 6920 sats
Target 5 : 7190 sats
Stop Loss for latest entry traders : 5610 sats
Disclaimer
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