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MTL

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
BINANCE:MTLUSD
by CryptalDash
We Made 32% On Latest $MTL Post, We Will Buy Again!You can check that my published chart on $MTL was really on point, even at the moment the support line drawed correctly. You can check it here: At the moment I think it's very juicy to get my first entry. 10K sats to 10500 sats is the best range. The closest targets are 11K sats, 11.6K and 13.2K sats. Ciao adios! Enjoy. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! ------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -------------------------------------------------------------------------
Long
by blockchaindedi
Short-term Rally Will Occur on $MTL. Do You Wanted to be Onboad?Hello there, MTL or as it's stand for Metal / Metal Pay has release their very own app days ago and charts juicy on the buyzone after the recent pump. Sitting at my very support for retracement. Looking for target on the yellow line. If you're on board, just let me know in the comment section. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
Long
by blockchaindedi
8
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
by CryptalDash
3
[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
Long
by MikeCryptoSignals
MTL/BTC it reached the bottom?After huge dumps in May, Metal seems to regain some strenght. Volume is steadly increasing, and it seems like that curve would go upwards eventually. ----------------- DISCLAIMER I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss. If you like my charts, follow me on Twitter or Steemit.
by Voytech