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Metal

MetalPay giving 40% of the tokens to usersMetalPay (MTL) is a payment system that enables users to transfer fiat or cryptocurrency peer-to-peer, using just a phone number. It is similar to the PayPal and is available to the US users. At the moment it is fart from reaching mass adoption although MetalPay team is making steps to increase the use of MTL token. Yesterday it was announced that Metal will be giving away $18 Million, equivalent in the MTL tokens, to their users. This is a 40% of the total token supply, which will be distributed through the MTL proof of processed payments mechanism. The reaction to this announcement was a 14% drop in price against the Bitcoin. The price dropped from 10,500, down to 9,000 satoshis, where it rejected the 88.6% Fibonacci support. But, at the same time, this fall in price could simply be the trend following of the Bitcoin, which today fell by 4.4%. After the support was rejected cleanly, a correctional move up started. MTL/BTC gained back 11%, reaching today's’ high at 10,000 psychological price. Such a precise bounce off the Fibonacci support level might imply that there is more room for upside correction. Metal token can be heading towards the key resistance at 10,500 satoshis. This is the price where most trade volume has occurred over the past 3 months and also the level where price broke below the uptrend trendline. The key resistance should be an important price level to watch in the near future. If MTL will rejected it, range trading or a downtrend continuation can be expected. But the daily break and close above might be interpreted as the first signal of the beginning of the bullish trend or at least a stronger correction to the upside. On the downside, daily break and close below the 9k satoshis level will invite more short-term sellers, which are likely to push the price down to 8330 satoshis support or even lower. Support: 1. 0.000090 2. 0.000083 Resistance: 1. 0.000105 2. 0.000114 3. 0.000121
by CryptalDash
3
[MTL/BTC] METAL COULD BECAME GOLD [ 100-500% POTENTIAL PROFIT ]#MTL / BTC ( Binance ) Buy Range : 0.000101-0.000103 Stop Loss : Below 0.000095 ( Day trading ) Target 1 : 0.000198 Target 2 : 0.000305 Target 3 : 0.000510 WEEKLY CHART - MACD rising and near to cross ( Positive ) - RSI shows oversold and trying to point up slowly ( Positive ) - TD sequential shares a 9 with a good volume behind ( Positive ) DAILY CHART - MACD going up and shares good ( Positive ) - RSI downtrend has been broken ( Positive ) - Ema 20 support price action ( Positive ) - MA50 need to be broken to confirm reversal ( Negative ) - CCI remains Green ( Positive ) 4H CHART - Bottom retested at 0.000085 ( Positive ) - After bottom reached sideways and accumulation started ( Positive ) - Some good volume action ( Positive ) - MACD crossing and sharing good ( Positive ) - CCI turning into green ( Positive ) - Candles over moving averages ( Positive ) - Ichimoku cloud broken and is below candles ( Positive ) CONCLUSION According to different indicators, some altcoins started to share some nice setups two/three weeks ago....But, Bitcoin still on downtrend making very hard to trade altcoins in this bear market. Any kind of breakdown of Bitcoin could invalidate any technical analisys aboit any coin making useless any coin overview. Also, lack of real buy pressure makes harder to hold longer positions because traders will be taking profit so fast. MTL is not free of general market overview and any bad scenario for Bitcoin could make bleed this coin again. However, last month has been "good" on MTL like accumulation scenario and it already ignored any market fluctuation sharing some positive signs of If you like Fundamentals, this coin got a lot of work behind ( you can develop by yourself ). Also, some rumours about to got relisted on Bittrex ( where it reached x30 price against bitcoin than now ) I have no doubts that MTL will fly on a bull market and this position is very interesting to invest. Good luck
Long
by MikeCryptoSignals
MTL/BTC it reached the bottom?After huge dumps in May, Metal seems to regain some strenght. Volume is steadly increasing, and it seems like that curve would go upwards eventually. ----------------- DISCLAIMER I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss. If you like my charts, follow me on Twitter or Steemit.
by Voytech
Metal (MTLBTC) is primed for lift off as big money accumulates..Metal Pay ( BINANCE:MTLBTC ) was delisted from Bittrex and saw the price get smashed to an all time low. They are one of the most undervalued projects in the space in my opinion as they've been hard at work with one of the most functional apps for crypto. After having seen their iOS update at Consensus first hand with the CEO, I can confirm it's legit. TECHNICALS : We've got an MA cross over on a short time frame. Inverse head and shoulders forming. Rising RSI with a swing low failure. Massive volume moving in on the daily. FUNDAMENTALS: Metal Pay release within 3 weeks US launch in 39 states, EU soon (Word is they've received approval for money transmitter license.) UX design by ex-Apple employee ATH at 300k, x30 from here Bittrex relist once app launches MTL ticker change Building Metal ecosystem (Vault, Desk, Crumbs, Pay, Merchant) CREDIT: DominatuX10 for tweet on MTL news. Thanks for reading.
Long
by jacobcanfield
2
My $1k to $100k Challenge: Day 43 - Trade #46 MTLHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. After 43 days and 44 completed trades: Wins: 19 Loss: 25 Balance: 0.1541 B USD: $ 1034 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 44 trade #46 I invested 0.072 B into MTL. I bought 722.89 @ 996 satoshi My Sell targets are: T1: 1044 5% T2: 1093 10% T3: 1144 15% I will sell 33% at each target. After a target is hit, that will become my new SL. SL: 919 In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
Long
by redking75
4
Gold 1H view indicating a push towards $1220 ?Gold had push through initial short term resistance around 1199/1200 levels yesterday, before pulling back lower. The yellow metal seems to have broken below a short term support trend line but it could still find support from the current levels around $1189/90. Also note that prices are right at the fibonacci 0.382 support of the rally between $1160 through $1200/02 respectively. Furthermore, the hourly wave counts are probably indicating of a potential impulse formation, and that prices could be close to wave 4 termination. If this structure holds well, we could see yet another push higher through $1215/20 region, before a meaningful correction could begin. Also note that fibonacci 0.618 extension of waves 1 through 3 is seen at $1215 levels, indicating a potential push higher. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:GOLDLong
by FXTM
Another Target hit. No risks now. Await for break out.TP = 1,201 and the 1,196.20 extension hit, as the 4H Falling Wedge aggressively broke to the downside (oversold RSI = 20.705, STOCHRSI = 0.000, Williams = -96.604) since DX broke 96.50 and is currently steadily trading near 96.70. A new 1D Channel Down has emerged on Gold (oversold RSI = 24.320, MACD = -11.440, Highs/Lows = -19.1835, B/BP = -32.8780), which can extend as low as 1,175 if USDCNY seeks its own Monthly Resistance at 6.9651. In any case we will now follow a break-out confirmation strategy in order to limit the risk. If 1,175 breaks then we will short (TP = 1,150). If 1,208 breaks then we will long (TP = 1,222). Anything in between is a grey zone (no man's land).
FX:XAUUSD
by InvestingScope
Target hit again. Waiting for short continuation confirmation.TP = 1,213.78 hit as the 4H Falling Wedge (RSI = 38.425, MACD = -1.870, Highs/Lows = -2.1478, B/BP = -6.9280) slowly declined to make a near test of the 1,211.40 annual low. We are on a critical point now where this Falling Wedge meets the line of the Descending Triangle. A break-out of the annual low will test the July 2017 low = 1,208.70 and the March 2017 contact point = 1,196.20. A rejection will see the price bouncing to at least 1,222.08. According to the 1D bearish Channel (Highs/Lows = -2.4814, MACD = -10.380), it is more likely to het a new Lower Low, so we are going short on the break - out point, TP = 1,208 and if broken even marginally we will extend it to 1,200. The fundamental catalyst will probably be Friday's Nonfarm Payrolls.
FX:XAUUSDShort
by InvestingScope
2
MTL/BTC What about alts?MTL at the moment broke falling wedge, and now is forming 2 figures: a bull flag, with the future transformation into a bearish flag, which will give MTL impulse for correction, to the newly formed support located in the area 34k sats. up to 40k sats., which is not strong enough to keep a large sales flow, so I advise you to leave a stop loss, which we also revealed using the ATR oscillator. When MTL will start falling, we will monitor it's behaviour, namely, the oscillators RSI and Stoch. RSI. A favorable outcome described on the chart, where by RSI I indicated the next bottom, and on Stoch. RSI approximate trajectory. The Sell Zone determined combining levels of Fibo. and got the following goals: 48k-51k-55k sats. What about fundamental: The thing is that there are no interesting events on this platform, but maybe I'm missing something, so I'm waiting fans in comments! Therefore, we conclude that this currency is not as promising as many others, which is obvious. The idea was published for asset holders.
Long
by BillCharison
3
MTL/USD QUADRUPLE BOTTOM WOAH Long AF on this thing. Being that MetalPay will be a fiat gateway for crypto, there has been lots of speculation that whatever entity/MM controls the liquidity of Metal, certainly measures their spread in USD; thus it is more accurate and insightful to weigh Metal against USD than BTC. Renko chart to eliminate volume noise to simplify chart Clearly price is about to spring board out of this channel, only a matter of when. I expect big FA catalysts to occur at any moment this summer, which could easily push MTL to new all-time highs. Marshall Hayner is clutch, Richard Branson is clutch, something something Facebook....
BINANCE:MTLUSD
by deathtofiat