Breaking Down AgainWedge getting to that point of convergence, Bolinger Bands tightening. Possible break down to follow BTC. Largest previous break of wedge trend lines was down.
Metalpay
Metal is trading at Key Support; 200% - 300% growth potentialBased on our previous MTL/BTC idea, which you can find down below, it has rejected the support and broke above key resistance. Currently key resistance as acting as the support, and if it holds Metal should continue moving higher.
Looking at the MTL/USD chart, price has been very inactive during past 3 months, after MTL/USD bottomed out, hitting $0.5 low. Throughout the past tree months, most trading volume has been recorded while MTL was trading near $0.7 level, where currently it is trading. This is the level of support, that might seem to be very attractive for buyers.
As long as this support holds MTL uptrend is expected to start, potentially reaching $1.7 - $1.9, and targeting 200 Moving Average, resistance area. At the same time, there are several minor Fibonacci resistance levels, that should be watched either for rejection or a breakout. And finally the $1 physiological resistance could play a very important role in the near-term future.
The RSI oscillator broke above the descending channel and corrected down, finding the support on the upper trend line of the channel. This seems to be an indication of an uptrend, although under one condition; current support at $0.7 remains respected.
To summarise, MTL is trading at the key level, which could be a decision making price. If current support will hold, uptrend should start. Break below the support could result in further consolidation between $0.5 and $0.7 levels.
Support:
$0.7
$0.5
Resistance:
$1.0
$1.9
MetalPay (BINANCE:$MTL) is a bonafide 3 bagger in <3 months.Ok so this is one of my favorite plays for Q4 2018/Q1 2019.
Metalpay is one of THE most undervalued projects on CMC. It's legitimately one of the best mobile apps in the world. Period.
There are fundamental reasons why $MTL dropped through the floor in September - e.g. the app came out later than anticipated.
But $MTL found a floor at $0.60 along the bottom of the descending channel and hasn't broken out to below that.
The top of that channel (in Jan) is $2.00. Almost a 3 bagger.
It already demonstrated it could get back up to that price when it re-listed on Bittrex and temporary spiked up there.
There's no reason MTL won't move up with the rest of the market - which I predict will happen in Jan 2019 (see my BTC analysis).
There are lots of fundamentals to support this:
- mobile app is live and captured 5,000+ users in under a month - one of the few projects with a working product
- Partnering with Richard Branson on events and I can see a deal coming out of that (e.g. an investment or Virgin Money distribution)
- I met Marshall (CEO) and he's very good at marketing (ex-marketing at XLM) and super connected (e.g. tight with Vorhees).
Don't say I didn't tell you.
MetalPay giving 40% of the tokens to usersMetalPay (MTL) is a payment system that enables users to transfer fiat or cryptocurrency peer-to-peer, using just a phone number. It is similar to the PayPal and is available to the US users. At the moment it is fart from reaching mass adoption although MetalPay team is making steps to increase the use of MTL token.
Yesterday it was announced that Metal will be giving away $18 Million, equivalent in the MTL tokens, to their users. This is a 40% of the total token supply, which will be distributed through the MTL proof of processed payments mechanism.
The reaction to this announcement was a 14% drop in price against the Bitcoin. The price dropped from 10,500, down to 9,000 satoshis, where it rejected the 88.6% Fibonacci support. But, at the same time, this fall in price could simply be the trend following of the Bitcoin, which today fell by 4.4%.
After the support was rejected cleanly, a correctional move up started. MTL/BTC gained back 11%, reaching today's’ high at 10,000 psychological price. Such a precise bounce off the Fibonacci support level might imply that there is more room for upside correction. Metal token can be heading towards the key resistance at 10,500 satoshis. This is the price where most trade volume has occurred over the past 3 months and also the level where price broke below the uptrend trendline.
The key resistance should be an important price level to watch in the near future. If MTL will rejected it, range trading or a downtrend continuation can be expected. But the daily break and close above might be interpreted as the first signal of the beginning of the bullish trend or at least a stronger correction to the upside.
On the downside, daily break and close below the 9k satoshis level will invite more short-term sellers, which are likely to push the price down to 8330 satoshis support or even lower.
Support:
1. 0.000090
2. 0.000083
Resistance:
1. 0.000105
2. 0.000114
3. 0.000121
Metal (MTLBTC) is primed for lift off as big money accumulates..Metal Pay ( BINANCE:MTLBTC ) was delisted from Bittrex and saw the price get smashed to an all time low.
They are one of the most undervalued projects in the space in my opinion as they've been hard at work with one of the most functional apps for crypto.
After having seen their iOS update at Consensus first hand with the CEO, I can confirm it's legit.
TECHNICALS :
We've got an MA cross over on a short time frame.
Inverse head and shoulders forming.
Rising RSI with a swing low failure.
Massive volume moving in on the daily.
FUNDAMENTALS:
Metal Pay release within 3 weeks
US launch in 39 states, EU soon
(Word is they've received approval for money transmitter license.)
UX design by ex-Apple employee
ATH at 300k, x30 from here
Bittrex relist once app launches
MTL ticker change
Building Metal ecosystem (Vault, Desk, Crumbs, Pay, Merchant)
CREDIT: DominatuX10 for tweet on MTL news.
Thanks for reading.
$MTL THIS TIME IS DIFFERENT
Idk how many times I have to get my pee-pee slapped before I learn but.... I’m thinking about re-entering $mtl
- Blockfolio says its down about -86% but it’s more like -94% since its not accounting for Bittrex data
- ICO investors are still up 12x, meaning there’s definetly still room to go down
- Binance has turned off the volume machine, so volume is irrelevant since we don't know the real numbers
- Most people have capitulated, including me...
- currently sitting at post initial listing price
- Momentum is pretty bullish
- Upcoming release, and recently released previews bringing bullish sentiment.... Only if the team can actually follow through with what they put out
we shall see what happens, I don't care about the project anymore so ill dump immediately if the trade goes south
MTL surpass resistance and go upMACD looks good on most time frames.
We are repeating history and starting to trade above MA 50.
Do your own analysis before trading. :)
#MTL / BTC LONG 5+ Risk:RewardRound Two! First MTL trade was stopped out, but the chart remains very bullish.
MTLBTC-Daily-Symmetrical triangle potentially confirming uptrendMTLBTC on the 1D chart is looking absolutely juicy. As consolidation into the apex continues, we see declining volume tightening as it prepares for its move up. The symmetrical triangle is indicative of a continue uptrend, of which MTLBTC has been in for a few months now. Purple zone is the desired breakout/breakdown point, while the pink zone is the potential price target. 600 satos is a potential resistance point. Watch for the RVGI signal line to cross.The fundamentals, namely the Q1 release of the Pay app, along with aggressive marketing, new whitepaper, and a new website, all coincide with the consolidation of the triangle.
Metal: New Website and Release of Metal pay app in March,Good project.
High volume
in deep.
i will look for 1.618 fibonacci level. i don't use stop loss, if it goes back i buy more.
METAL MTLMTL has serious accumulation happening last few days/weeks and I believe its gonna move upward movement.
Its previous peak 300k sats at bittrex but now it got delisted in bittrex because they dont have product yet
and it cause MTL to drop to 40k sats.
but good thing MTL is going to launch METAL Pay this March 31 which is humor said it will going to relist to BITTREX after they launch their product.
New website also on MARCH 31
As you can see in the chart, Its gaining good momentum and waiting to breakout to start a uptrend channel with a solid volume confirmation.
it stablish good support around 370-420.
This is not a trading advice but i'll bet MTL gonna blow this coming days.
Buy zone 400-450
Sell zone 720,860,1100,1420,1748,2057
METAL breakout and METAL "Pay" comming in march.METAL breakout! In opposition to whole market looks really strong.
Volume is growing.
Really important event in march - Release of Metal "Pay". This app will allow our users to make payments with just a phone number while being rewarded to use the system.
Metal Pay Could Be Worth BuyingMetalPay starting to show signs of life while rejecting the uptrend trendline and breaking above strong resistance at $6.75. At the same time, MTL/USD broke above the downtrend trendline and 200 Moving Average.
Following corrective wave down was stopped at the previous resistance, which now is acting as a support. The 200 Moving Average is now also acting as a support and this could be the starting point for MetalPay to start rising. The upside potential is definitely there, although MTL/USD could be range trading for some time before going up.
The strong resistance is located at $18, where two Fibonacci are inline. First 127.2% applied to the previous all-time high, and the second is 161.8%, applied to the corrective wave after the $6.75 resistance breakout. If/when MTL manages to break above $18 resistance, the next target is seen at 227.2% Fibonacci which is a very strong psychological round number - $30. This could be the final upside target for the potential upcoming wave up. Only a break and close below the $3.33 support could invalidate bullish outlook.
Metal is shiny - huge gains comingMetal is undervalued, oversold, and has their App Release due this month. BTC downtrend has suppressed this coin, while other shitcoins have been p&d to their limits. MTL (metalpay)
- Stoch RSI reset on 1day chart
- TD9 (tom demark) Buy signal on 1day chart
- In descending triangle, waiting for breakout
- strong Catalysts with App releasing this month, and their PR increasing on social & youtube
TP at the Strong Resistance or Fib Lines, but i'm HODL'n until all time high.
If $mtl drops to .0003-00035 i'm doubling my bags.
Good Luck to you!
Mtl going to the upside ( 120% profits potential )Mtl, currently in accumulation zone, broke out from the descending pattern and now trying to make another go to breakout from the channel. If it breaks out from the 1100 sat we could see a much bigger reward than initially expected but if not it is going back to accumulation zone.
buy in up to around 0.000500 sat
Stop loss at 0.000314 sat
Take profit at 0.001500 sat
Metal - MTLBTC - 900-1200% Profit. (Sitting on low support)BITTREX:MTLBTC
MTL just finished a complete ABCDE correction downwards and a full emotional market cycle.
It moved lower than it's previous low.
Volume has been starting to pick up.
They're rebranding their website and redoing their brand.
It's holding strong on the support line as it's moving upwards.
There is a possibility of getting relisted on exchanges. This one looks good from a long term perspective.
Buy in:
.00026484-.000510000
Targets:
First Target: .00096255
Second Target: .00139418
Third Target: .00174303
Fourth Target: .00209189
Fifth Target: .00258856
Final Target: .00322123
This is a long term hold. You must be patient to allow it to move through the ups and downs as it starts to move upwards.
Sell at any time as it moves upwards.
Do not be impatient. If you buy in, then plan to hold.
METAL's Cycle is complete. Moving up! ready to make its next move up. It's been consolidating for some months now.
MA 8 ABOVE the MA 88
MA 88 is about to move ABOVE the MA 188.
Volume is BUILDING. The smart money keeping into this coin.
The market cycle is complete so there is only 1 place to move from here...
Looks like we're heading up!
Last call for METAL METAL was basically scraping the bottom of its market cycle against BTC.
Low risk, high reward potential.
The more I look at this coin, the more a like it.
Great team. www.metalpay.com Cooperating with Civic and Stellar--both great coins to be holding.
A little pricey, but probably a safe bet.
Metal Pay Could Help Double Your BitcoinsMetal Pay found the support at 26k satoshi and started to move higher. It broke above the downtrend trendline as well as 200 Moving average. The corrective wave down followed and it went back to test the downtrend trendline and MA, but this time as a support.
Clearly, this support has been rejected, which could indicate that MTL/BTC is now ready to move higher. The very strong resistance is seen at 140k satoshi where two Fibonacci retracement levels are inline. First is the 76.4% level of the Fibonacci applied through the last wave down, and the 38.2% level of the Fibs applied through all time high.
If/when Metal Pay will reach the target, it would more than double against Bitcoin. On a downside note, only a break below the 26k satoshi could invalidate bullish outlook.
Metal news incomingKeep a eye on metal news incoming next week at a conference, deep retrace and in demand zone, stop-loss should be set below strong support!
