$MTL Great Potential PlayThe dislike for $MTL in the crypto community is well established, but even so, it looks like we may have found a bottom for a potential play. In addition, Metal is the primary sponsor for Richard Branson's Necker Island event, Necker Cup, which is being held in the Bahamas from Nov 27 thru Dec 1. With TA and FA combined, $MTL might see a trend reversal, or at the very least, a short-term pump in price.
Intermediate targets can follow past support/resistance lines. Top target could be set to first resistance/fib combination.
Buy: now, around 54581 sats
Target 1: 74500 sats (+36%)
Target 2: 84400 sats (+55%)
Target 3: 98454 sats (+80%)
Target 4: 114000 sats (+108%)
Stop: Currently at all-time low, use your best judgement based on your own comfort level.
This would be a high-risk trade (*especially with the unknown, extreme volatility $BTC has experience over the last week*), I highly suggest you limit your exposure. Potential reward might very well be worth the risk.
Not trade advice, DYOR.
Event: neckercup.com
MTL
MTLBTC looks likely to break outMTL is looking bullish at the moment showing signs of break out!!
Targets: 0.00074337
0.00079246
*Buy at your own risk!
MTLBTC Long Retracement CompletionTechnicals:
MACD Supports upward movement
MTL Saw a short period of consolidation in the retracement / supply zone and is looking to break out
MACD looks like it can move up
Volume has slightly started to pick up
Fundamentals:
I think MTL is reaching a good market, as I believe one of the biggest barriers in cryptocurrency are inconvenient spendability.
I think if I were to pick the top crypto-card company, it would probably be MTL.
There's some good news coming up within the next week.
Notes:
Use stop loss 3% under fib 1 level.
Optimal buy zone for MTLUsing technical analysis, do you see what I see?
Lets not forget fundamentals for BITTREX:MTLUSD are looking solid.
MTL has the 3 key factors I look for when evaluating cryptoassets.
-A great team.
-Great technology.
-Real use case.
As merchants onboard Metal's services and more users onboard Metal's wallet app we can expect a bump in price due to demand.
I am very bullish on MTL as we close out Q4 2017 and transition into Q1 2018.
METALi think metal will do the same it did at the beginning only i dont like marshall and all the guys alphabit they seem scammy
$MTL Putting The Metal To The Pedal$MTL, like many of the altcoins, has been in hibernation as it slowly crept to the bottom of it's sea. Signs of life finally appear and the cup and handle cannot be ignored any longer. Some spots it will hit along the way
$MTL - Looking at the next several days.Taking an objective look at how I think the next few days will unfold for $MTL
$MTLMetal just released their alpha wallet. It's amazing, check it out if you haven't already.
Either way, it's coming to some odd endings right now.
Hopefully it breaks upward.
MTL - highly probable pivot on 121k satoshisHead and shoulders pattern caused a heavy correction, but target price have been reached.
Combine that with the bounce over the 120k sats support and the .786 fib retracement, and we already have solid basics for stating the correction's end.
Downtrend can't be defined over yet though, as both price and momentum are still pointing downwards.
Remember also the BTC fork chaos going on.
I'd place a little buy order between 130 and 140k satoshis though, profits will roll once downtrend stops.
MTLBTC buy levelMTL has been following a falling wedge for a while. It should break the wedge soon and start a bull run, probably when BTC does. The 1 day Stoch RSI is nearing oversold territory. The 4 hr is overbought. MTL may bounce off its long term support around 1828 satoshi, but if it follows the wedge and lets the RSI come all the way down first it could easily reach 1748 satoshi. Place buy orders at, in between, or even below these levels.
MTL/BTC trend lineI have found a rule of MTL's moving in the past, if this still works in the future, then its next path could be this. Maybe it will not be as sharp as the line, but the shape is like that.
METAL and Freestyling with Moving Averages. MTL/BTC
MOVING AVERAGES= blue7, red 21, yellow 77, white 243
How to freestyle on a Fibbonacci using Moving Averages, We are looking at a Doge and everyone knows a Doge turns itnto the McDonald's Golden arches or it's like a cup of joe upside doen lol. So Here is were the 243 line comes in. If it drops below that and if the 77 drops below the 243, than we are in for a long recovery. Lets hope itbounces and corrects.
I love Metal I was lucky enough to spot it hitting the Bittrex exchange at 3 am EST and for the next 7 hours I bought and sold about 20 times because IDK what it was. I have been trying to catch it ever since. I have never seen an ICO with a team like theirs. They have admins from Visa, Amercan Express, Apple, etc.
The CEO wants to eventually solve the Cannibis/Marijuana issue between the Dispensaries and the Federal Banks. If anyone knows that situation than you know that there is big $$$. So a great company Yes. Can it recover? IDK?
But my money is on yes and I think this is great to watch.
40% return with METAL COINMetal coin is on a correction phase of an uptrend. Limit order as described (with a stop loss in place). Target when it reaches upper channel as shown. GL.
MTL/BTC potential run to $15-$18 USD or in BTC .004Fundamentals:
-Metal alpha closed wallet testing screenshots were released and they look very impressive.
-Soon they will begin on boarding their clients as there have been over 140 signed agreements for medicinal marijuana companies to implement Metal for payment processing. This alone will generate over $200 million in revenue for Metal right off the bat.
-Strategic partnerships including banking agreements have been announced and we can expect something great to come out of Metal because of this.
-Again, MTL shines in a time when it's a bloodbath for most alts.
Technicals:
-Lots of respect on trend line
-New market cycle after going sideways for a bit
I believe we will see $15-$18 USD MTL in September. A recent run up to $13 was only a teaser. Stay tuned and be sure to keep an eye on this coin.
Looks like a top 10 crypto coin coming in 2018.
Decision time for MTL Does it continue in the downward channel, or does it respect the upward trend support line and breakout of the bull flag? I'm betting on a breakout. Fundamentals behind this project are strong, and I don't see the price getting lower than this ever again.
MTL - Metal Pay bullish falling wedgeOversold on the 4h, meeting resistance at channel support, descending wedge pattern playing out
MTL to the MOONPrice broke out the triangle earlier than expected, thanks to wolf. Volume of breakout looks good, and now a flag is forming. Measured move would be upside to 336k sats. RSI shows oversold... we going to the moon.
Also possibility of a descending triangle, but not too serious.
MTLUSD Long current $13.39 8Sep17MTLUSD Analysis - chance to double your money.
Beginners: good trade for beginners to dip their toe into trading cryptocurrencies, as its priced low @ $13.39
Risk Reward: 2.36:1
Hope that helps.
Sean Vengan, Professional Cryptocurrency Trader and Trading Educator
