MTL/BTC has bottomed out and we have been through a bull trap recently
MTL/BTC all time high was: 0.00322
The bottom was: 0.00025788
From there we can divide these two numbers and get: 12.486
ATH could be possible, we have had a long period of consolidation and strong indicators for a new market cycle to start
Indicators:
- MACD= Positive divergence;...
It looks like it is in an up trend.
I see it good unless it does not come below 593 support line.
It has a good potential in the long time interval I think.
Just don't forget to follow it step by step.
Above 593 level first target is 805 and then 976-1148. Corrections during this long time interval up movement until the blue spport zones are normal I think.
Metal underbought considering RSI. Addional almost at all time low. 2 support levels close. Upward trendline and resistance show about 300% Profit. Volume is going up as well.
I just bought.
Hi Everyone, this is my first Idea here.
Mother tongue is french, hope you will understand it
BINANCE:MTLBTC has been my fav coin by far. Slow movement, and easy to trade.
After a strong uptrend movement, this night we had a really downtrend with bottom @380.
I missed the bottom, but I'm still full of trust that it will be uptrend really soon.
MACD...
Forming symmetrical triangle, oversold on Stoch and MACD looks OK. We might get a little dip but we shouldn't drop down more than 5%.
Try to buy near the lower support, take profit when you feel happy with your gains.
Set a stop loss for 5-8%.
Metal already had an impressive breakout but it took a dip during the BTC rally.
It is starting to recover well, still above support line. I am re-adding to my position. To me this coin still has a lot of potential to moon.
