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Metal / TetherUS
Updated

Metal DAO (MTL) about to print a 2500% move?

5265
On the above weekly chart price action has corrected over 90% since early 2021. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Support and resistance. Look left. Price action has now confirmed support on past resistance.

3) A weekly life cross prints.

4) Lastly, price action has exited a bull flag. The extension measures a 2500% move to target.

Is it possible price action continues to correct? Sure.
Is it probable? No

Ww

Type: Trade
Risk: <6%
Timeframe for long: This month
Return: 2500%
Trade active
Support on past resistance confirms.
Note
GRM support now confirms.
Trade active
Going up...
Note
Going up tis time for sure!
Trade active
Note
You probably don't feel like buying right now, sound about right?
Emotions...

15hr
snapshot
Order cancelled
Support broken. 80% correction to follow seem probable.

2 week
snapshot
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:
Multiple Time Frame AnalysisSupport and ResistanceTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Multiple Time Frame AnalysisSupport and ResistanceTrend Analysis
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.