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MTLBTC trade ideas

METAL - Possible Reversal Area, Early EntryTaking a look at MTL's daily BTC chart, I like the set up we have in the making. MTL had a great break from its falling wedge, gaining ~250% from its lows. Since that high, the price has hit the .618 retracement level and is finding support on a previous key level of significance. The price appears to be rounding as our lower lows are getting closer in distance, which is suggestive of a possible reversal in the near future. The daily MACD also shows support. But in all fairness, I would like to see a more evidence of a bullish crossover suggesting that this support level will hold. I think with the daily MACD so close to the zero-line, we could see a significant bull run on this next wave. If you look at all previous times the MACD crossed the zero-line, there were strong bull runs. This would be an early entry with the potential for substantial gains. I've set some areas of resistance, which I think would make good target areas. They're color coded in terms of likelihood of being hit.
Long
by jpbrown1023
MTLBTC formed bullish Shark | Upto 11% profit possibilityPriceline of Metal / Bitcoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Price action is getting bounced from bollinger bands support. Volume profile is showing less interest of traders at the end of PRZ level and MACD is turned weak bearish but Stochastic is oversold and did not give bull cross sofar so for secure trade we can wait for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.00004495 to 0.00004390 Sell between: 0.00004631 to 0.00004886 Regards, Atif Akbar (moon333)
Long
by moon333
MTLBTC after hitting the support indicators are turning bullishPriceline of Metal / Bitcoin is moving within a wedge and hitting the wedge's support. This support should be used as stop loss. The price action has hit the strong support of 100 simple moving average and likely to fail breakdown this support. Volume profile is showing less interest of traders here. Stochastic has given bull cross from oversold. MACD is turning bullish . RSI is already oversold. I have used Fibonacci sequence to set the targets: Sell between: 0.00005284 to 0.00005870 Regards, Atif Akbar (moon333)
Long
by moon333
1
Metal Chart | Mid-Term Projections W/ Targets + 390% PProfitsPlease allow me to share with you this Metal (MTLBTC) chart, which looks pretty good to me. Now trading above the above resistance (in the form of EMA50 and a broken downtrend line), Metal is starting to look pretty bullish. The low was hit on the 10th of August with a classic and strong bounce as it usually happens after a new low is hit, this bounce generated over 111% of profits. A retrace took place from the 22nd of August until the 15th of September, where a higher low was hit compared to the low of the 10th of August... Now, we are seeing bullish action taking place... MTLBTC is very likely to continue moving higher and a new uptrend will form. Thanks a lot for reading. Namaste.
Long
by AlanSantana
8