[MTL/BTC] METAL COULD BECAME GOLD [ 100-500% POTENTIAL PROFIT ]
#MTL / BTC ( Binance )
Buy Range : 0.000101-0.000103
Stop Loss : Below 0.000095 ( Day trading )
Target 1 : 0.000198
Target 2 : 0.000305
Target 3 : 0.000510
WEEKLY CHART
- MACD rising and near to cross ( Positive )
- RSI shows oversold and trying to point up slowly ( Positive )
- TD sequential shares a 9 with a good volume behind ( Positive )
DAILY CHART
- MACD going up and shares good ( Positive )
- RSI downtrend has been broken ( Positive )
- Ema 20 support price action ( Positive )
- MA50 need to be broken to confirm reversal ( Negative )
- CCI remains Green ( Positive )
4H CHART
- Bottom retested at 0.000085 ( Positive )
- After bottom reached sideways and accumulation started ( Positive )
- Some good volume action ( Positive )
- MACD crossing and sharing good ( Positive )
- CCI turning into green ( Positive )
- Candles over moving averages ( Positive )
- Ichimoku cloud broken and is below candles ( Positive )
CONCLUSION
According to different indicators, some altcoins started to share some nice setups two/three weeks ago....But, Bitcoin still on downtrend making very hard to trade altcoins in this bear market. Any kind of breakdown of Bitcoin could invalidate any technical analisys aboit any coin making useless any coin overview. Also, lack of real buy pressure makes harder to hold longer positions because traders will be taking profit so fast.
MTL is not free of general market overview and any bad scenario for Bitcoin could make bleed this coin again. However, last month has been "good" on MTL like accumulation scenario and it already ignored any market fluctuation sharing some positive signs of
If you like Fundamentals, this coin got a lot of work behind ( you can develop by yourself ). Also, some rumours about to got relisted on Bittrex ( where it reached x30 price against bitcoin than now )
I have no doubts that MTL will fly on a bull market and this position is very interesting to invest.
Good luck
Buy Range : 0.000101-0.000103
Stop Loss : Below 0.000095 ( Day trading )
Target 1 : 0.000198
Target 2 : 0.000305
Target 3 : 0.000510
WEEKLY CHART
- MACD rising and near to cross ( Positive )
- RSI shows oversold and trying to point up slowly ( Positive )
- TD sequential shares a 9 with a good volume behind ( Positive )
DAILY CHART
- MACD going up and shares good ( Positive )
- RSI downtrend has been broken ( Positive )
- Ema 20 support price action ( Positive )
- MA50 need to be broken to confirm reversal ( Negative )
- CCI remains Green ( Positive )
4H CHART
- Bottom retested at 0.000085 ( Positive )
- After bottom reached sideways and accumulation started ( Positive )
- Some good volume action ( Positive )
- MACD crossing and sharing good ( Positive )
- CCI turning into green ( Positive )
- Candles over moving averages ( Positive )
- Ichimoku cloud broken and is below candles ( Positive )
CONCLUSION
According to different indicators, some altcoins started to share some nice setups two/three weeks ago....But, Bitcoin still on downtrend making very hard to trade altcoins in this bear market. Any kind of breakdown of Bitcoin could invalidate any technical analisys aboit any coin making useless any coin overview. Also, lack of real buy pressure makes harder to hold longer positions because traders will be taking profit so fast.
MTL is not free of general market overview and any bad scenario for Bitcoin could make bleed this coin again. However, last month has been "good" on MTL like accumulation scenario and it already ignored any market fluctuation sharing some positive signs of
If you like Fundamentals, this coin got a lot of work behind ( you can develop by yourself ). Also, some rumours about to got relisted on Bittrex ( where it reached x30 price against bitcoin than now )
I have no doubts that MTL will fly on a bull market and this position is very interesting to invest.
Good luck
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