MTL/BTCDouble symmetrical triangle about to breakout
MASSIVE accumulation over the past 4 months ( hint look at volume )
RSI positive divergence ( Look at the trend line i drew )
ALPHA testing of the MTL mobile wallet underway ... when beta launches expect a large fomo and a huge rush of money entering the coin
Strong trend above EMA50 ( bullish signal )
I expect due to the heavey accumulation when this finally pumps it will be one of the largest pumps weve had so far in this pre alt season cycle
Trade active @ 520000 Satoshis.
MTLBTC trade ideas
MTL Metal Long Idea - Ready to take off OR...delayed a bitBuyers beware !!!!
5000-5400 satoshi range seems like a decent enough entry. As close to 5000 as you can get - the better.
But those volume spikes keep me guarded against this one. It seems very risky. I would recommend watching this trade throughout its journey or with a good stop/loss in place.
Read on for more details:
MTL -1.79% looks like it is ready to show some muscles.
The zigzag lines are drawn based on fib retracement levels & fib circle "encapsulation".
* GREEN - very positive outcome
** YELLOW & ORANGE - uncertain, but more likely outcomes.
**** RED - very "negative" outcome. -> as in we might be delaying this takeoff for a while longer.
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BLUE - Possible *LONG* EW Count.
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RSI looks like it is steadily heading into bull territory.
if StochRSI bounces off 25 levels again, it is a very good sign.
Volume has been steadily increasing in the last days/weeks....BUT
BUT!
Look at those random spikes in volume!
If someone is not trying to keep the price afloat, then I'll eat my hat.
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Kudos to tradingview user @Knguyen5 for spotting this one early !
$MTLThe basing phase for Metal (MTL/BTC) has patterned out a very nice looking symmetrical triangle that divides well into ABCDE waves. This took nearly four months! Since Time is not a reflection of sentiment, unlike price; it can't be projected very well. However, the breakout into wae 1 seems solid and the current minor sideways action should end soon for wave 2. The remaining waves 3,4,5 should provide a 0.618 ot 0.78 retrace of the whole correction.
MTL/BTC Targets on chart ,Sell @ pink resistance
All the targets are void till breaking of 71k
Good Risk Management is advised
Brief Fundamentals :
MTL is an Ethereum Token that uses MetalPay's unique Proof-of-Processed Payments (PoPP) to identify and reward users by giving them back up to 5% of their transactions in the form of MTL.
No ICO ,only Pre-sale
Easy to use interface for sending ,receiving MTL (Money) or converting MTL to USD and sending to banks
METAL ($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.