MTL
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.
$MTLThe basing phase for Metal (MTL/BTC) has patterned out a very nice looking symmetrical triangle that divides well into ABCDE waves. This took nearly four months! Since Time is not a reflection of sentiment, unlike price; it can't be projected very well. However, the breakout into wae 1 seems solid and the current minor sideways action should end soon for wave 2. The remaining waves 3,4,5 should provide a 0.618 ot 0.78 retrace of the whole correction.
METAL ($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.
Mtl Full Volume 2Update to previous chart linked beneath - Mtl in the buy zone, resistance/support on the arcs and fibs
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*
MTL Price Recovery?Looking at the past several month's decline in MTL prices coupled with the recent increase in trading volume and value, it seems possible a price recovery may be taking place.
In the graph, the plotted lines show what a complimentary incline for the past several months of decline could look like.
MTLBTC - looking for entry at retracement ..MTL finally started to get volume.. looking for entry at .618 level.. hoping to get one leg up .. I am hoping BTC downtrend doesn't effect MTL directly or indirectly.. Happy Trading
PS: MetalPay app launching 31rst March 2018.
Please hit "LIKE" to support..
Thanks!!
MTL is ready for bull runMetal was delisted from Bittrex, but it will go back to Bittrex, so this can cause many people to start buying it. Volume of Metal is increasing and it can hit support soon so I will wait and my buy zone is 0,000380 to 0,000400. My target is 0,00056, but I think in long term it can reach also resistance at 0,0006.