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Metal

MTLUSDT 4HMTL is an Ethereum token that powers Metal's products and ecosystem. Metal is a payment processing application that offers its users the ability to convert their fiat currencies into cryptocurrencies and vice versa. At the moment, it is transiting the median of the Keltner Channel, inside a triangular formation that will probably break upwards since the MTl is 85.72% below the historical maximum. the asset circling above the Ichimoku cloud demonstrates a clear command of the complyers being confirmed by the RSI which is clearly exhausted from selling forces. The price of Metal has increased 27.64% in the last 7 days, it has retreated, but I believe it will break the upwards trianule. Here are the supports and resistances in the 4H: Main support levels : 0.998 / 0.912 / 0.843 Main Resistance Levels: 1,158 / 1,297 / 1,578 MM200: 0.910
by ferulianov
1
GOLD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 GOLD has been overall bullish trading inside the blue rising broadening wedge pattern. Moreover, the 1900.0 level is a strong support and round number. 📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in blue acting as a non-horizontal support. 📉 As per my trading style: As GOLD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
10
✳️ Metal Looks "Shaky" vs BitcoinI have to honest with you, always... And the way the MTLBTC chart looks like is just "shaky"... Doubty , if that word exists. But there is still something that calls me about this chart... Consolidation since November, higher lows, bullish RSI... Aha! It is about the cycles, the market cycles and the chart setup, risk vs reward for a trade. If the bullish potential is there, if the market cycle is about to change, if the risk is low... One can jump with good probability of not being wrong. 15% risk is pretty good... It doesn't mean that you will win or have to win, this is the maximum that you can lose. Well defined risk. The target can be 60%, 80%, 100% or more. Low risk vs high potential for rewards. You don't have to hit them all. You just need a plan. Diversify. Learn from mistakes and in time, you, your capital, your wealth and your trades will all grow. Namaste.
Long
by AlanSantana
1
SILVER - Still Bearish? 🥈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. SILVER has been overall bearish trading inside the red falling broadening wedge, and it is currently retesting the upper red trendline. Moreover, the zone 25-26 is a strong resistance zone . 📌So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) 📕As per my trading style: As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) “Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAGUSD
by TheSignalyst
19
GOLD - Around Strong Resistance! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GOLD is overall bullish trading inside the rising red channel, however, it is currently retesting the upper red trendline. Moreover, the zone 1870 - 1900 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As GOLD is around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDShort
by TheSignalyst
10
Silver is gearing for a move up, but is it ready?Silver had a huge move up in 2020, but that was all it managed to do back then. Since its first significant peak in August 2020, it went sideways and started declining. Silver was in a big bear market since 2011, then entered an accumulation range, and then had its capitulation move in March 2020. Then with all the fiscal stimulus, it skyrocketed, but most capital flowed into crypto and stocks, not precious metals. As inflation remains high and interest rates could be near their peak, and investment in metal miners has gone down a lot over the last decade, this precious metal that seems to have lost its shine might be ready to shine again. It looks like silver had a very healthy pullback into the top band of its accumulation range. Now resistance seems to have turned into support, and the market could head toward 24$ in the next few months. The truth is that I don't believe that the market has fully bottomed yet, although it could very well have, and that eventually, it will have on final leg down towards 16$ and bottom there. The main reason I think that has to do with how the market bottom is that there are two double bottoms around 17-18, and there is a little 'gap' at 16. Essentially I would like to see the market test 16$ because I want to see it thoroughly test that untested breakout, the Yearly S3 Pivot, and the Volume Profile Point of Control. Another reason that I think the market will go down there again is that I expect a major deflationary episode to take place in 2023, one that has the potential to create a liquidity squeeze (risk asset collapse) that would affect precious metals too. In my opinion, the current move up in Gold, Copper, Silver, etc., mostly has to do with low production/inventories of metals, while demand seems to have bottomed in the short term. Eventually, the market will get crushed again, but I think the bounce has legs for now. Therefore it would make sense to look for longs in the 16-20$ zone and take profits in the 21.7-24$ area. Shorting 24$ might be a good idea, but I would prefer to watch how the price action develops before I step in.
COMEX:SI1!
by BitcoinMacro
SILVER - The Fall of a Balloon! 🥈🎈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. After an aggressive bullish movement late 2021, SILVER has been overall bearish trading inside the red falling broadening wedge , and it is currently retesting the upper red trendline. Moreover, the zone 25-26 is a strong resistance zone. 📌 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) 📕 As per my trading style: As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAGUSDShort
by TheSignalyst
13
Palladium Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for PA1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1838.5, where the 78.6% Fibonacci line is. Stop loss will be at 1878.5, where the 61.8% Fibonacci line is. Take profit will be at 1759.5, where the 127.2% Fibonacci extension line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Short
by VantageMarkets