🆓Metal/USDT Analysis (21/4) #MTL $MTLMTL is moving up strongly after making a false break under the 4$ zone, and now it has a big change to move up to 5$, 6$ zone or even 9$ in the next few days
📈BUY
-Buy: 3.9-4.1$. SL B
-Buy: 4.9-5.1$ if A. SL B
📉SELL
-Sell: 4.9-5.1$. SL A
-Sell: 5.9-6.1$. SL A
-Sell: 8.6-9.0$. SL A
♻️BACK-UP
-Sell: 3.9-4.1$ if B. SL A
-Buy: 3.4-3.6$ if A. SL B
-Buy: 2.0-2.2$ if A. SL B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Metal
Silver: Waiting for the Entry Point ✅✅✅A lot of you have asked us to analyze the silver price, so here it is! We expect the price to rise between $27.045 and $27.825. From there, we believe that the silver price will be moving downwards for a long time, as we expect it to fall under $20. This would be an amazing opportunity to enter on the long side and hold those positions for an extended period. However, there still remains a 35% chance of an early breakout above $30.35.
What would you like us to look at next?
Gold Approaching Demand ZoneAs we analyse gold, we see price is making its way back to the demand zone / level.
at 1733.5 the key level for a reversal of this demand zone pushing us into the first target high of 1755, then target 2 of 1765 if we break 1755.
Will be monitoring for rejections and reversal candles and volume during london and NY session today!
DM Reversal? A good Long Term play regardles.$DM - Started reversing from the double bottom with an oversold Stochastic. Desktop Metal is a solid fundamental company as they are industry leaders and are more efficient than their competitors. Fair value targets are ahead of the current price, and the huge pull back from the highs has created a solid entry for the long term. If it can break 19, it’ll go to 21 before another potential pull back.
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.
Gold back to the topOn the H4 time frame, there is a divergence between the upward movement of the candlestick and the downward movement of the Stochastic indicator. So it can be concluded that in the short to medium term Gold will rise.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Arcelor mittal (MT) back in old channelHi,
Arcelor Mittal doubled from 10 to 20 in less than 4 months. The strong uptrend didn't make any correction, till it reached the upperband of the channel that is used to trade in.
From that point it corrected perfectly fine to a decent Fibonacci level.
What we see right now is that it seems to have bottomed at 16.85 levels.
The DRSI looks oversold and the on balance volume is still moving upwards.
MACD looks perfectly fine, which makes a trade possible.
Entry: 16.85 - 17.88
Target: 21.50
Stoploss: 16.30