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MTLUSD

Strong buying interest for MTLMTL is holding the support area at $1.33, indicating strong buying interest at this level. The price is attempting to bounce from this support, suggesting that buyers are stepping in to defend this area and potentially drive the price higher. This bounce attempt is crucial as it could signal the start of a new upward movement. The key resistance area to watch is $1.54. This level acts as a barrier where selling pressure might emerge, potentially hindering further upward movement.
by MonoCoinSignal
MTL is starting a mega trend! 1588% profitMTL looks absolutely promising! We are breaking out of the bullish flag pattern on the weekly chart with a strong engulfing candle. The bearish structure is broken, and a new uptrend is beginning. A 1588% profit is very likely if you buy this coin right now. If you want to take a profit early, you can use my first profit target in the short-term. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About Metal DAO Metal DAO (MTL) is a utility token that currently governs the stablecoin Metal Dollar (XMD), in addition to providing tiered trading discounts to MTL holders when using the Metal Pay cash & crypto app. Metal Pay customers who own 10,000+ MTL can enjoy 0% fees on all cryptocurrency purchases. Metal DAO's future utility includes the ability to propose new stablecoins for the Metal Dollar basket, including their allocation ratios, and the option to vote in new stablecoin issuers such as community banks or fintechs. Metal Pay was developed and launched by Metallicus in 2016. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
19
MTL looks bullishFrom where we wrote "start" on the chart, a large degree triangle is finished. The move after this triangle cannot be this small. So, according to our timing rules, if this triangle is finished, this pump was the only a/w wave, and the recent correction was b/x, and finally a bullish wave (c/y) remains. It can be pumped by maintaining the green range. Closing a daily candle below 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
Long
by behdark
1
MTL's Rising Symphony: A Dynamic Hourly AnalysisExploring the hourly ebbs and flows of Metal (MTL), the driving cryptocurrency of the Metal Pay platform, reveals a captivating dance of numbers and trends. Currently stationed at a respectable $1.504, MTL recently graced a high of $1.549. This apex coincided with the upper Bollinger Band, suggesting an ephemeral overbought episode. The Fibonacci retracement reveals key support and resistance markers. The initial 0 level support hovers at $1.328, providing potential stability in case of price withdrawal. Meanwhile, MTL has deftly overtaken the 0.5 and 1 levels at $1.391 and $1.453 respectively, signalling the persistence of bullish momentum. A slight obstacle may be encountered at the 1.618 Fibonacci level, positioned at $1.53. Yet, the ceaseless bullish fervour could ultimately catapult the price to the formidable 2.618 Fibonacci level at $1.655. The market dynamics, as depicted by the oscillators, enhance this narrative. The Relative Strength Index (RSI) and Stochastic Oscillator, teetering at 65 and 73 respectively, suggest that buyers may be reaching their saturation point. This intimates that a minor price correction or a consolidation phase could be around the corner. Despite the volume oscillator indicating a recent decline of 13%, hinting at possible market consolidation, the On-Balance Volume (OBV) marker stands strong at a hefty 422 million. This suggests that significant buying pressure persists, reflecting a broader bullish sentiment. This duality in trading volume and buying pressure underscores the complexity of the market's current state. Further fuelling this bullish spectacle is the Moving Average Convergence Divergence (MACD) value at 0.026. With the MACD line perched above the signal line, the bullish trend appears to retain its vigour, fuelling speculations of further price ascents. The sturdy 9% gain registered by MTL over the last 24 hours amplifies the positive aura surrounding the coin. However, the inherent volatility of crypto markets necessitates a meticulous scrutiny of these indicators and a level-headed approach to trading. With this dynamic interplay of factors at hand, MTL's journey promises to be an intriguing watch.
by ShawnMCR
12
MTLBTC: breaking resistanceMetal (MTL) is the native currency of Metal products and an essential part of the Metal ecosystem. Sending and receiving any crypto to friends on Metal Pay is, according to the team, instant and feeless. Designed to make cryptocurrency payments fast and easy, users pay zero fees when sending, receiving, buying, or selling MTL. Additionally, Metal Pay users pay substantially less fees when buying other cryptocurrencies if they also hold MTL, with 0% fees offered to anyone who holds 10,000 MTL. Created with the goal of being highly useful and advantageous to hold, MTL has fueled Metal Pay and allowed it to become one of the few FDIC-insured on-ramps to cryptocurrency in the United States. As of 8th of June 2022, Metal Pay is available in 28 EU contries allowing hundreds of millions of more people to use and enjoy the benefits of Metal Pay.
Long
by sequentialvzion
📊 MTL is showing potential. Is it real?Hello, dear TradingView members. This idea is an MTL analysis. MTL has made a 9% ascending move in the market. Let's analyze the two bullish and bearish scenarios. RSI crossed the border to 75 and showed overbought signals, and now it has pulled back into the range. Usually, when this happens, the price pulls back down. But since the price is moving on a support/resistance area, we might experience consolidations here. However, in this case, RSI is trying to move back up because there are no sell volumes. Scenario one: A breakout: If the price touches the support and pulls back up and hits the first resistance, it might touch the second resistance I've shown on the chart as a target. Scenario two: A fake-out: The price will move a little while on support and then fall back down below the support level. The Bollinger Bands are still wide, and the middle band has helped the price as a dynamic support zone. The Speedometer indicator shows Neutral volumes on the market for MTL on a 1D interval. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
7