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MTL

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
by UnknownUnicorn1121585
8
Extremely bullish setup on MTLOut of all the Binance coins that I have analysed none has been in accumulation stage + a solid uptrend for this long. MTL has been in an uptrend since December 8 2017 while making consistent higher lows and has been forming a symmetrical triangle since the beginning of the uptrend. The volume on MTL has also been very strong indicating the solid accumulation that is occurring with this coin. And finally MTL is resting just above a support zone which is why I believe this coin is in a very comfortable spot right now, all that I am waiting for is a confirmed breakout of this triangle which should shoot MTL to at least 0.0007 satoshi's (I like using conservative targets) is where I will be taking profits.
Long
by Ifuloseulose