MTLBTC trade ideas
Metal (MTL) Facing Strong Resistance But Likely To Move...We can see MTLBTC facing strong resistance at EMA100 and EMA50, blue and magenta lines respectively.
It is still likely to move positive based on the v/triangular pattern shown to test support.
After this pattern, it is more likely for prices to move up rather than drop.
In case of a drop, I've marked the support level on this chart.
The general trend is still bullish.
Patience is key to win on this one.
Namaste.
Metal Slowly Recovering... MTLBTC (Metal) is starting to recoveMTLBTC (Metal) is starting to recover slowly...
Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200.
We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place.
If we see similar signals but with a weak RSI it can signal that the price can easily drop...
When the RSI is strong, it is more likely to see a continuation to the upside (a continuation of the recovery) than a bull trap showing up.
Namaste.
its real strong metal ... I'm holding 300% comingif u look on the chart on weekly n daily time frame u gonna see that its already above 50 EMA which is good indicator, it just went down cuz btc made +8% green yesterday.
for me I believe that BTC wont continue to go up, so its season to have coins/btc where we make bitcoin.
MTL/BTC has the potential to make 8x from here to reach 0.00049 sat
Im holding for next weeks even if it hit the stop loss.
✅ Buy: 0.00006000 - 0.00007000 ✅
🎯TARGETS:
1- 0.00010035
2- 0.00015200
3- 0.00017950
4- 0.00022222
5- 0.00025860
💵 Trade Size: 3-5% of Portfolio
🚫Invalidation(SL): 0.00005400
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
Metal (MTL) Enters Long-Term Green (10,000% Potential Profits) We are looking at Metal (MTLBTC) on the long-term timeframe (weekly)... Let's see what we have here!
Prices are moving above EMA50 for the first time ever.
There was a failed attempt to break this level in March 2020, we are trying again after 1 year.
Prices closing and staying above EMA50 can lead to really massive growth LONG-TERM.
We have 1700% potential profits if MTLBTC can hit April's 2018 price levels.
We also have 5900% and finally 10,000%+ to a new All-Time High.
Remember, just as we can hit new lows when we are bearish, we can hit new highs when we are bullish.
Thank you my friend!
Happy weekend.
Namaste.