MTL looks bearishMTL seems to be completing an ABC.
We now seem to be at the end of the b/x wave from B.
The best range for sell/short positions is the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Mtlanalysis
MTLUSDT.4HThe 4-hour MTL/USDT chart provides a view of the market's movements along with RSI and MACD indicators to gauge momentum and trend strength.
The RSI is at 54.21, which indicates a slight bullish bias as it is above the neutral 50 mark but not yet into overbought territory (above 70). This level of RSI suggests a moderate amount of buying momentum.
The MACD is just above the signal line, also indicating mild bullish momentum. However, it’s close to the zero line, so the upward momentum isn’t particularly strong at this point.
Price action is currently between the first level of support (S1) at $1.731 and the first level of resistance (R1) at $2.323. The presence of the second resistance (R2) at $2.452 indicates that this is a significant area to watch if R1 is breached. Similarly, if the price were to break below S1, the next significant support lies at S2 at $1.529.
For a trading strategy based on this chart, I would monitor for a potential breakout above R1 with increased volume, which could signal a move towards R2. A fall below S1, especially with significant volume, could indicate a potential short opportunity or an exit signal for existing long positions.
The importance of risk management can't be overstated; setting stop-loss orders around S1 could mitigate downside risk in the event of a price reversal. The strategy would also include being vigilant for any signs of a trend reversal indicated by the RSI or MACD diverging from the price movement.
MTLUSDT#
i expect there will be a correction move we have very important and strong support zone and we are in over sold area MACD is showing bullish RSI showing bullish EMAs is neutral ZELMA is showing uptrend-move Ichimoku cloud is neutral Fib retracement is showing bullish Accumulation distribution is bullish buy and hold it to the next targets at the chart
MTL CAN GO DOWNHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MTL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MTLUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
MTLBTC a breakout expected | Upto 780% profit possibilityThe MTLBTC is moving within a pennant and now arrived at almost end of this pennant.
Since Nov 2019 the pricline has found another support above the pennant's support and hitting that support at the moment.
The bollinger band is showing sideways movement since Nov 2019.
Stochastic is oversold and already has given bull cross.
The MACD has given weak bullish signals.
The price action is gearing up to hit the sell targets soon insha Allah.
The sell targets are:
1st target: 0.00027
2nd target: 0.00034
3rd target: 0.00040
Final target: 0.00050
Regards,
Atif Akbar (moon333)
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!