MTLUSDT trade ideas
MTLUSDT formed bullish Gartley | A good long opportunityPrevious Harmonic Move:
Previously I have posted chart where the price action of Metal token had formed big bullish Cypher on weekly chart. And at that time the price action was moving in the potential reversal zone of this harmonic pattern. And at that time I was expecting soon it will move up from this buying zone. And finally it took powerfull bullish move and produced more than 64% profit.
Another harmonic move:
Now this time on very short term 2 hour based chart the price action of MTL has formed another bullish harmonic pattern and this time it is bullish Gartley. And this is another awesome opportunity to earn more profit.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: $0.2789 to $0.2763
Sell between: $0.2810 to $0.2861
Stop Loss:
The potential reversal zone area which is up to $0.2763 can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for short term traders not a long term idea, I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
MTLUSDT scenariosIf the bearish scenario mirrors in the chart there is a good opportunity to buy the pair with suitable risk/reward
MTLUSDT hitting the $0.35 and EMA 50 support | Upto 33% expectedBy the grace of Allah the most high my previous chart of MTLUSDT:
has produced more than 64% profit.
Now the priceline of Metal / Tether US got breakout the $0.3500 resistance and now retesting this resistance as support in the meanwhile the price action is also hitting the 50 moving average exponential support.
This support should be used as stop loss in case of complete candle stick closes below this support.
MACD is strong bearish and stochastic is close to oversold and in bear cross.
We can wait for MACD to turn weak bearish and for stochastic to give bull cross for buying signals.
I have used Fibonacci sequence to set the targets:
Sell between: 0.4074 to 0.4681
Regards,
Atif Akbar (moon333)
Future opportunity for MLT/USD-Buy when the price 0.33
-Sell MLT when the price is heating the stop-loss 0.31
-Sell MLT when the price is 0.52
Metal (Sept 18) #MTL $MTL #BTC $BTC #USDT $USDTBuy : Close to 3000sts / 0.30$ as possible
Sell : 3200-3400-3600 / 0.32$-0.34$-0.36$
Mid-Hold : 4000-6000 / 0.4$-0.6$
Stop : 2800 / 0.28$
