Mtlusdt
MTLUSDT AnalysisEngineeringRobo and I are currently bearish about MTL. IT is advisable to sell right now as the candles recenetly broke the top Bollinger Band.
If you are interested in buying MTL, Wait fo EngineeringRobo buy signals or you can buy if the candles break (open/close) the 0.316 resistance level. If you buy with EngineeringRobo buy signals, be sure to pay attention to EngineeringRobo sell signals. You can also sell at the 0.497 resistance level.
In anycase, be sure to pay attention to EngineeringRobo signals! If you're interested in using EngineeringRobo, DM me!
MTLUSDT AnalysisAs of now, there are 2 SELL signals present and I don't think this is a good time to buy yet.
If you want to buy again, please wait for EngineeringRobo's BUY signals to be present or wait for candles to open-close above resistance level (0.35) for 1D.
Also, you can buy if the candles will touch the support line (0.25).
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
MTLUSDT analysisBuy 1, buy2 and green robo signal . Here is my analysis:
1. We can buy when risk/reward ratio is greater than 2 = 0.34usdt
2. We can buy at support = 0.3usdt
We can use sell2, sell1 or red robo signal for sell decisions. Otherwise, we can also sell at resistance depending when you buy.
MTLUSDT ANALYSISAccording to my analysis, 3 of the signals, buy -1, moon, and m20(blue line) is above ma50(the yellow one), show to us. now is the correct time to buy MTL.
After buying it we may sell the dashed yellow resistance line (0.3620) or the next one 0.4010. This is your choice, but if you ask me I would prefer to first one(0.3620)
Support and Resistance Trade Set-Up for MTL/BTC [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
After a beautiful last trade on MTL, we can continue our momentum with another support and resistance trade. This time, we will use the previous support as new resistance using a concept called S/R flip. During a support and resistance flip, an old support level can "flip" and be transformed into a new level of resistance.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Look here for the previous trade on MTL:
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.