$MTL updates$MTL general uptrend line seems to be respected so far. There is a very strong support from 223k-230. Anything between those is a good buy.
MTLBTC
MTL upcoming bull runMetal are testing their beta and will release soon. These news should confirm the uptrend and we will see a bull movement to 0.003-0.0032 area. But at current moment there is a local downtrend so I am waiting for entry point.
If 0.00208 resistance zone holds - enter there, otherwise enter at local downtrend break (~0.0018 I guess).
Metal - MTL Trend Reversal??So Metal is a project that is new to me. It is a recent token off of Ethereum, and apparently they are alpha testing their system with a small group of holders and members of their chat community. Their website has an allstar team from all kinds of industry leaders in their various fields. To be honest though, I still need to research them a lot more before I decide if this is a coin to hold long term, but in the meantime, things looks up for MTL assuming Bitcoin doesn't do anything crazy again.
I usually don't like tons of indicators on charts, but for this one, I saw many signals pointing in the same direction.
1. Fast (9) EMA has caught up to price and is now acting as support. Slow (30) EMA is getting there and is currently a resistance line. A crossover looks imminent.
2. A slight RSI divergence as well as double bottom both hint at trend reversal and upward price movement.
4. MACD, still in bearish territory, but there has been a crossover of signal line and histogram is positive.
Possible that MTL will move in a new direction. I've bought a little to get my toes wet.
Let's see...
www.metalpay.com
MTLBTC on BTRX $5.50 USD Target08/03/2017
MTL can break out to $5.50
-Two levels of support
-Trading above the ichimoku cloud
-Stoch RSI turnt up showing strength recently
-Upcoming fundamentals expected.. Wallet release in August/September
-240,000+ in revenue waiting for Metal use case
