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MTL looks to be on a nice trend and holding very well the 200ma and the 23.6% fibs at moment.
I like the MTLBTC setup very much so.
2 reason for buying MTL
1- it bleow of the triangle
2- its in the dip of the channel
As we can see Metal had a steady few Bull market weeks finding resistance around 0.0032, the price dropped within the lower time frames forming a falling wedge within the secondary trend which found support at the 0.0020, this is above the last higher low on the primary trend so I will presume 0.0032+ will be seen within the next week or so to form the next higher ...
Has dropped below its overall upwards trend. Low RSI. Outside Bollinger. Good MACD separation.
I'm buying now.
First chart! Here we go...
$MTL continuing on it's recent upward trend in leg 2 in the wider channel.
In a closer TF on it's 5th leg with a first target before ABC correction is 0.00280000. ABC correction on this TF completes leg 2, looking to buy back in at 0.00250000 with a close of leg 3 target at 0.00350000.