Platinum / USD Wyckoffian AccumulationPlatinum testing lows from the recession. I highly doubt it breaks those levels unless there's something special about the platinum market that I'm unaware of. It's showing signs of Wyckoffian Accumulation, so I'd look for it to go sideways for a couple of weeks. It's currently at the bottom of the TR (Trading Range) looking as if it's testing for any additional supply in the market. If it fails to supply demand, we should see a ST (Secondary Test) towards the top of the range to further define a zone of resistance.
Metal
MTL Bullish and levels of accumulationInteresting, on the elliot there are always 9-11 days between the bottom and the top inside the descending triangle
MTL TREND- bullish -bounce in red rectangle -target 4d:5$MTL
Marketing role: filled
Conseus: next week
Alpha updates: nice updates Version 1.0 (23)
Mainnet: ?
bittrex relisting:?
waiting for: PoPP testing app realease over the summer
GENERAL
Blockchain week new york: 13 may always good soars after the event
technical: differents failed breakouts, still in accumulation zone between lv 0.618 fib (5.67$) and lower resistance( 3$). Nice descending triangle
Metal make or breakMTLBTC currently in equilibrium, and so far has respected the upward green trend-line and has a clear break-out level defined at 6000. A break above this level would easily meet the 7500 and 10000 levels, and a break below 5000 would be bearish and would send it down to as low as 2500.
METAL MTL ----Not done yet!---Hello all, hope you are all having a great day! Markets are starting to turn bullish, especially alt coins! Lots of alt coins have have started breaking out or have broken out from their accumulation levels.
MTL was one that has been in accumulation for many long months, and has finally broken out of its tight consolidation...
I see a bullish 20/50 day crossover on the daily which has confirmed an uptrend break! Also, all ichimoku resistances have been cleared (I did not add ichi to keep the chart less cluttered)...I am currently seeing two major hurdles for METAL..
72k sats which is the first target to take profit zone...horizontal resistance...
82k sats which will be the .618 FIB resistance. Still clear for much more room for growth, but we are looking at a 40% gain! from 59k sats. I got in at 52k sats so this is a short-mid term swing for me.
I hope I have helped you give a clearer picture. I will update the chart in case something else changes, or if targets can be moved up!
Thank you all,
Alfredo
#MTLBTC #cryptocurrency steadily trending up, ready for a swinghigher. Excellent risk/reward levels of 1:4, 1:6, and 1:8 in a well defined channel up. Hasn't been affected by the recent pumps in many other tokens and may not be on many radars. While the daily volume looks good, if you look at shorter time frames like the 4 hour chart, you'll notice some odd behavior here in the volume, which you don't see on other exchanges. Not sure what it's caused from since it's only an observation right now.
Choppy volume:
Either way, good entry here, possibly add at the trend line test.
METAL - Buy Opportunity - 121% ROI - 6.6:1 Risk/RewardReasons to buy using a STOP LIMIT order to BUY when prices cross the consolidation zone:
1. Valid break-out pattern with a clear consolidation zone
2. Increase in volume prior to break out
3. Long accumulation period
4. High return on investment (121%) with massive 6.6:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial a
$MTLThe basing phase for Metal (MTL/BTC) has patterned out a very nice looking symmetrical triangle that divides well into ABCDE waves. This took nearly four months! Since Time is not a reflection of sentiment, unlike price; it can't be projected very well. However, the breakout into wae 1 seems solid and the current minor sideways action should end soon for wave 2. The remaining waves 3,4,5 should provide a 0.618 ot 0.78 retrace of the whole correction.
METAL ($MTL)A Fundamentally and Technically strong coin, Metal has a working product currently testing in the alpha phase. The product could be released publicly in a beta at any moment which would accelerate the breakout in price.
Metal has broken out of the accumulation zone is making a run up to resistance, this time around I'm expecting the price to breakout. 2-3x potential.
The Rise of the Silver Surfer Part IIIMultiple 1-2 combinations will soon break out like a rocket. Buy anon & hodl physical!
In Venezuela you can buy food for 3-6 month with 1 oz of Silver and with 1 oz of gold you can buy a house.
Same situation in germany after world war.
At the moment there are over 43.000 applications where silver is used in chemistry, industry, healthcare and economy.
10 more applications are added every day. Silver is antibacterial so more and more stuff like clothes and
healthcare products are coated with silver.
Silver is the metal with the highest electrical and highest thermal conductivity of all metals.
So its used in every smartphone, computer, solar panel, car - in every electronical controlled device.
-> Silver is one of the first metals which is running out in 12-20 jears (depending of div. sources).
Nasa ist using colloidal silver as antibiotics for astronauts.
Metal/Bitcoin - lets see some actionWhen trading alts we all know the one and only goal is to outperform its pair. Here we see METAL with solid support, bouncing the lows higher and higher up. Even with significant sell pressure keeping prices down, we can hope that the consolidation of the two resistances will provide a breakthrough for the bulls.
If we see the breakout push METAL back to .382 or .618 we can expect to outperform BTC in the short term - assuming its unlikely that BTC will rise 100% or 200% in the coming months (and if BTC were to rise that dramatically - I think we all will be MUCH happier anyways).
MACD is getting stronger - looks to break above 0 and maintain it
Not advice - DYOR - Donovan Mitchell should be the NBA ROY
*Delgado*
Gold XAUUSD Daily Signals Will update when signals are provided
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
Metal Trading Idea. BB'sMetal pushing middle of the BB for 2nd time in a row. May prove a nice day trading profit. Take profit near top of channel at 5.2k
Be prepared in case of breakout.
RSI approaching 50, neutral. Can go either way from here.
Beware that this is a risky endeavor while bitcoin remains in turmoil.
:)