MTL long position for 54% This idea is not to be considered a financial advice. I am just learning and practicing!
MTLBTC trade ideas
MTLBTC SignalHey Guys and welcome to another trade we recently made big profit with MTL so its time to make more. So we can buy now and if drops buy more sell strong on targets and don't forget to love what u do. Have a nice day/Night
MTL/BTC Metal What do you make of these repeated volume spikes?Incremental Metal volumes spikes
4/6 @ 9:00 MST
4/7 @ 18:00 MST
4/8 @ 20:00 MST
4/10 @ 6:00 MST
4/11 @ 10:00 MST
4/12 @ 11:00 MST
4/13 @ 11:00 MST
$MTL Hitting A Lot of ResistanceMTL is looking like its going to struggle. On the positive side we have a pretty ascending triangle and its almost broken through the 2 hr ichi cloud. On the downside there's a lots of resistance coming immediately after that. We can already see that it dipped into the 4HR Ichi and got pushed right back down.
I can see nothing noteworthy for news on the horizon. MetalPay is launching in beta and will be rolling out to the US shortly on a state by state basis. But this news is overshadowed by TenX aligning with Litecoin for their app.
I have a lot of concerns about MTL moving forward.
Buy set up on MTLGood risk/reward ratio with the current market sentiment. Strong bullish support in blue, first resistance at 10% profit, then scalp profits from there.
$MTL very suspicious i. in the accumulation zone with high readings on volume profile
ii. rsi resting on support
iii. volume broke above its MA recently, very suspicious
iiii. not far from a perfect retracement from swing high to swing low where 0.618 fib is a double top. good resistance there
target is 53
$MTL - Moving in a perfect predictable region. TP 0.0078If you follow the chart of past 3 months you can see $MTL is following a perfect predictable movement bounded by a good support and resistance region.
The FA side is also quite strong here as MetalPay app is being tested and anytime could be delivered.
TP 0.0078
#DYOR
MTL Low TF A&E BottomPotential A&E bottom forming on the MTLBTC 4H chart. Would wait for confirmation and a nice breakout, strong fundamentals behind this one.
MTL surpass resistance and go upMACD looks good on most time frames.
We are repeating history and starting to trade above MA 50.
Do your own analysis before trading. :)
Metal black horse unnoticed gem rising patternCandle on chart 4H MTL/BTC are between EMA20 and EMA50. Previously had get through from descending channel. Now consolidating on bull flag along with testing resistance line at symetrical triangle pattern (red line). Golden cross occurs on RSI.
Trading Recommendation : Buy on Break
Target Price : 54.000 Satoshi - 61.000 Satoshi
Stoploss : 48.000
Fundamental News : about to launch metalpay alpha tester
twitter.com
Metal/Bitcoin - lets see some actionWhen trading alts we all know the one and only goal is to outperform its pair. Here we see METAL with solid support, bouncing the lows higher and higher up. Even with significant sell pressure keeping prices down, we can hope that the consolidation of the two resistances will provide a breakthrough for the bulls.
If we see the breakout push METAL back to .382 or .618 we can expect to outperform BTC in the short term - assuming its unlikely that BTC will rise 100% or 200% in the coming months (and if BTC were to rise that dramatically - I think we all will be MUCH happier anyways).
MACD is getting stronger - looks to break above 0 and maintain it
Not advice - DYOR - Donovan Mitchell should be the NBA ROY
*Delgado*
Bullish Symmetrical TriangleBullish Symmetrical Triangle
This chart depicts the breakout of a symmetrical triangle pattern, which is currently undergoing a retest of its uptrend line as support. I entered this trade a few hours ago buying the retest and aiming for the subsequent bullish trend, which I estimate to last around a month based on the coin's past trends.
Resistance had four touches before the breakout; support had three. Strong validity to the pattern.
Violence of the breakout adds confluence.
Breakout occurred at ~ 2/3 of the apex, great sign.
Volume also picked up in recent months.
Great fundamentals too.
Entry: 5660 Satoshis.
Stop Loss: 4560 Satoshis: below horizontal level.
Target: 8990 Satoshis: conservatively below the pattern target as well as the 1.618 fib. retracement.
Risk/Reward: 3.03 (recommended to have ~ 3 R/R ratio per trade).
Will be monitoring this trade closely, especially in the next few days at the expected bounce!
Hit the like button if you liked the TA!
Cheers.
Metal Trading Idea. BB'sMetal pushing middle of the BB for 2nd time in a row. May prove a nice day trading profit. Take profit near top of channel at 5.2k
Be prepared in case of breakout.
RSI approaching 50, neutral. Can go either way from here.
Beware that this is a risky endeavor while bitcoin remains in turmoil.
:)
MTL accumulation range, approaching oversold, moon time?MTL loves surfing the waves. We just hit the 100 MA, and I think now is a good time to buy between the range of the giant orange $. It's hard to truly predict a bottom, so buying within a range, averaging as it goes lower, is a great way to play. Stoch RSI is giving a strong symbol of approaching oversold. Targets are marked with the green bitcoins. This coin also has news pending of their big APP release. Leaving a % for long term HODL probably won't hurt.
As always, this is not a financial advise. DYOR. Just a simple guy and his great opinions. ENJOY
