MTL Strong Breakout Again#Trade127 #MTL
Buy Between 0.000460 - 480
#SaleTargets
Target 1: 0.000499
Target 2: 0.000558
Target 3: 0.000595
Target 4: 0.000633
Target 5: Followup
StopLoss 0.000428
Risk 6% / Reward 40%
Duration: 3 to 15 Days
Strategy: Sale 1/4th on each target using #MultiTargets Strategy and keep rebuying from Dip.
MTLBTC
Only A Matter of When!MTL will it break out? Of course it will, here is a coin with some power behind it.
This coin has been trading sideways for quite sometime but as you will see on the daily chart below it has never been into oversold regions which is just a sign of this coin consolidating.
The longer these coins consolidate the higher they fly, this coin has enough momentum to break out any day and show us some great figures. I have kept targets quite conservative.
You will notice on the chart just 2 weeks ago this coin was been bought up and buyers have remained to beat the sellers, RSI running up in the 60’s over the past 4 days yet we haven’t had any real price action, these are bullish signals we want.
I buy these coins aggressively rather then waiting as with this momentum the coin isn’t about to plummet, we may continue to trend sideways for a while but very soon we will see a nice breakout.
Conservative entry wouldn't buy until we have closed over target 1 as you will see there are aggressive sells at this price but once we beat the sellers it will be a quick trip up. As mentioned I have bought already as I like the chart.
You can set your stop loss below or on the black line, targets green lines, don't expect this to happen instantly but do expect it to break.
Cash Is King!
MTLUSD Long Term HoldTechnicals
no new lower lows like the majority of coins
near to its all-time-low, but makes higher lows
great risk reward, SL at 2.90 on a close
Fundamentals
concentrating on India and mobile payments, huge grows potential there
- hiring people in the metropole Dehli
- great mobil infrastructur in India
(imo great tool to get exposure to India)
still good interest, shown through volume
search engine stats look very good, steady increase
Risk
- government (that they are hiring people from India makes a bit less risky imo)
- btc dropping like a stone (but Metal is in an uptrend against BTC)
MTLBTC-Daily-Symmetrical triangle potentially confirming uptrendMTLBTC on the 1D chart is looking absolutely juicy. As consolidation into the apex continues, we see declining volume tightening as it prepares for its move up. The symmetrical triangle is indicative of a continue uptrend, of which MTLBTC has been in for a few months now. Purple zone is the desired breakout/breakdown point, while the pink zone is the potential price target. 600 satos is a potential resistance point. Watch for the RVGI signal line to cross.The fundamentals, namely the Q1 release of the Pay app, along with aggressive marketing, new whitepaper, and a new website, all coincide with the consolidation of the triangle.
MTLBTC TRYING TO BREAK RESISTANCEThis is my idea about MTLBTC, at the moment it was hit twice on the resistance line @0.00053 BTC. As you can see in my TA, MTL will hit resistance again and break it to the target 1 and then target 2 (Long Strategy). For those who follow this strategy, please allow some time for this trade to develop. Thanks.
Buy range: 0.0004 - 0.00044 BTC
Target 1: 0.00055
Target 2: 0.0007
Stop Loss: 0.00033
METAL MTLMTL has serious accumulation happening last few days/weeks and I believe its gonna move upward movement.
Its previous peak 300k sats at bittrex but now it got delisted in bittrex because they dont have product yet
and it cause MTL to drop to 40k sats.
but good thing MTL is going to launch METAL Pay this March 31 which is humor said it will going to relist to BITTREX after they launch their product.
New website also on MARCH 31
As you can see in the chart, Its gaining good momentum and waiting to breakout to start a uptrend channel with a solid volume confirmation.
it stablish good support around 370-420.
This is not a trading advice but i'll bet MTL gonna blow this coming days.
Buy zone 400-450
Sell zone 720,860,1100,1420,1748,2057
Mtl - Full VolumeThats some serious buy volume increase with no real upward movement - The price is bottom dollar here so can't really go wrong - Mtl should hit the 38.20% Fib and get to the 0.00085 area and could well go beyond - In the last 24 hours they have released details of converting Mtl to Usd inside the Metal Pay wallet and also Apple Face ID for Metal Pay
METAL breakout and METAL "Pay" comming in march.METAL breakout! In opposition to whole market looks really strong.
Volume is growing.
Really important event in march - Release of Metal "Pay". This app will allow our users to make payments with just a phone number while being rewarded to use the system.
MTL/BTC Long-term PredictionNote: Amateur/rookie opinion.
Great project with long-term hold potential (most crypto start-ups 80% will go full bust after some point when the market becomes more mature).
Fundamentals:
-Strong professional team headed by Michael Hayner, networking effect from contact with virgin and sponsored sporting events
-Realistic proof of purchase (5% PoPP to sender and receiver of transaction - "similar" marketing as PayPal (pays users at start), financial incentive to use platform)
-Real focus on ease of use and app aesthetics (Good looking UI & UX)
-Potential crypto-fiat gateway for new entries into crypto market (links to old legacy systems - aka traditional banks)
-Release of iOS and Android app in Q1 & Q2 of 2018 respectively
-Will be relisted on Bittrex soon, therefore higher trade volume
Note: Relatively low total supply of 66.6 million
Technicals (neither chart or count is perfect):
-Not rocket science achieved an All-time-low in December 2017, All -time high was in September (buy low, sell high as seen from basic Bittrex data point highs).
Still very attractive to buy, might short-term dip if counting is correct.
-Volume: High trading volume (buys and sells) despite fall from previous highs, confirmation of reversal to come
-Start of boom-bust predicted from Stochastic (not shown) or normal RSI anticipated dip to oversold
-MTL/USD (not shown) shows cup-handle pattern on day chart, bullish indication
-USD Prediction: 16-18+ per MTL (conservative) depending on BTC/USD price
Opinion: Good, realistic project (high survival chance). Strong fundamentals and good-looking technicals indicate a good long-term hold.