MTLBTC trade ideas
$MTLThe basing phase for Metal (MTL/BTC) has patterned out a very nice looking symmetrical triangle that divides well into ABCDE waves. This took nearly four months! Since Time is not a reflection of sentiment, unlike price; it can't be projected very well. However, the breakout into wae 1 seems solid and the current minor sideways action should end soon for wave 2. The remaining waves 3,4,5 should provide a 0.618 ot 0.78 retrace of the whole correction.
MTL/BTC Targets on chart ,Sell @ pink resistance
All the targets are void till breaking of 71k
Good Risk Management is advised
Brief Fundamentals :
MTL is an Ethereum Token that uses MetalPay's unique Proof-of-Processed Payments (PoPP) to identify and reward users by giving them back up to 5% of their transactions in the form of MTL.
No ICO ,only Pre-sale
Easy to use interface for sending ,receiving MTL (Money) or converting MTL to USD and sending to banks
METAL ($MTL)A Fundamentally and Technically strong coin, Metal has a working product currently testing in the alpha phase. The product could be released publicly in a beta at any moment which would accelerate the breakout in price.
Metal has broken out of the accumulation zone is making a run up to resistance, this time around I'm expecting the price to breakout. 2-3x potential.