Sander_charts

MTL breaks downtrend

Sander_charts Updated   
BINANCE:MTLBTC   Metal / Bitcoin
Interesting move the MTL/BTC.
It seems like it breaks out the bear move right now.
I predict a up move at least to the ichimoku cloud (lead1) and if he will break it, then we can see an up move to the upper resistence of the ichimoku cloud (lead2).

be aware that it is a tricky position to take right now because it just started with breaking the down trend.. It can also be a bullish trap!
Comment:
As far we could see, MTL break finaly the below line of the ichimoku cloud.
This means we can suspect that it will bounch on the upper line of the ichimoku cloud!

Advice, Take some profit and changed the stop loss to the lower ichimoku line!
Trade closed: target reached:
Target is reached, you can change the stop loss target to follow the grow, but dont forget to take profits !
Trade closed: target reached:
change your stop loss if your are still in this massive grow of MTL!

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