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MTLBTC trade ideas

MTL / BTC LONG (7.8 Risk/Reward)Very exciting project. It is a payment processor that returns 5% back in crypto currency MTL -1.32% -1.32% for all transactions received/sent. Beta of metalpay app releasing by the end of March. They are waiting for regulators to give the green light, and are aiming to be available for common US bank accounts in all 50 states by the end of summer. I've been talking a lot about MTL -1.32% -1.32% , and I was hoping to post a very straightforward trade for those following along. MTL -1.32% -1.32% looks to be painting a bull pennant with a measured move that lines up with key resistance and support zones from the larger triangle formation. While it is early and the pennant may be invalidated, there is a clear zone for stop loss and high upside to give a very nice risk:reward. I tried to make the entry and stops similar to where I would put them for myself. Happy trading!
Long
by doolieuber
MTL in EW 4 Consolidation Period?! Please forgive me if this is completely incorrect, it's just what these new to TA eyes see in the chart. Open to interpretation. MTL had a great run up today. Could we potentially be in an elliot wave 4 consolidation period? Could have my EW placed incorrectly, first time placing Fib. The probability with this large of a retrace may be about 15%? I can imagine this thing would have taken off today if it wasn't for BTC's red candle. MTL launches its pay app to compete with the likes of Venmo on the 31st.
Long
by Maxamillio
Possible HS pattern on $MTL.ENGLISH : There's a possible head and shoulders pattern forming on Metal's chart. Target would be the signaled region around 0.0004. If the HS pattern fails, MTL could go very bullish, as we are on an important region when we take a look at major downtrend lines. PORTUGUÊS : Existe um possível padrão de ombro-cabeça-ombro em formação no gráfico de Metal. O alvo seria a região destacada por volta de 0.0004. Se o padrão OCO falhar, MTL poderia valorizar bastante, visto que estamos em uma região importante quando nos atentamos a linhas de tendência de baixa importantes.
Short
by MatheusFranco
$MTL is really interestingFree and friendly discord community! Hit up my profile...we're giving away 1000 MTL* *We are not giving away 1000 MTL Side note, MTL does look fun. MTL Pay coming around 3/31 which is what is causing this rally. Start off with a perfect H&S that just failed...Then a slow rise into that beautiful stairway. Bull flag. Bull Pennant...then I would have guessed bull flag forming but the wind must have caught it and tore it down. I'm going to watch $MTL. With a good entry this coin can run in the next two weeks.
Long
by Tilt101
Only A Matter of When!MTL will it break out? Of course it will, here is a coin with some power behind it. This coin has been trading sideways for quite sometime but as you will see on the daily chart below it has never been into oversold regions which is just a sign of this coin consolidating. The longer these coins consolidate the higher they fly, this coin has enough momentum to break out any day and show us some great figures. I have kept targets quite conservative. You will notice on the chart just 2 weeks ago this coin was been bought up and buyers have remained to beat the sellers, RSI running up in the 60’s over the past 4 days yet we haven’t had any real price action, these are bullish signals we want. I buy these coins aggressively rather then waiting as with this momentum the coin isn’t about to plummet, we may continue to trend sideways for a while but very soon we will see a nice breakout. Conservative entry wouldn't buy until we have closed over target 1 as you will see there are aggressive sells at this price but once we beat the sellers it will be a quick trip up. As mentioned I have bought already as I like the chart. You can set your stop loss below or on the black line, targets green lines, don't expect this to happen instantly but do expect it to break. Cash Is King!
by Cash-is-King
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