MTLBTC trade ideas
#MTLBTC #cryptocurrency steadily trending up, ready for a swinghigher. Excellent risk/reward levels of 1:4, 1:6, and 1:8 in a well defined channel up. Hasn't been affected by the recent pumps in many other tokens and may not be on many radars. While the daily volume looks good, if you look at shorter time frames like the 4 hour chart, you'll notice some odd behavior here in the volume, which you don't see on other exchanges. Not sure what it's caused from since it's only an observation right now.
Choppy volume:
Either way, good entry here, possibly add at the trend line test.
MTL 200% profits potentialMTL is about to break but need to confirm it by closing daily candle above 5400 (purple line)
Buy-in @ 0.00005400-0.00005500
SL @ 4700
Targets :
(1) 0.00007700
(2) 0.00016550
3 upward trends with $MTLThe chart says it all, price is trending up, RSI is trending up with room to spare, and volume is really ramping up...
Long MTL/BTC idea may-juneObvious accumulation that has been ongoing for a long time with some kind of ascending triangle. I bought around 50k near support of the asc tri, still a good time to buy in imo.
Breakout of the asc tri should lead to an insane move, I'm expecting this to happen sometime in may.
MTLBTC FOUND SUPPORTMACD histogram is laddering upwards - Bullish
RSI bounce off @ 40 - bullish
Chart has clear SUPPORT & RESISTANCE trend lines drawn.- bullish
Sometimes the heart sees what is invisible to the eye
LIKE & FOLLOW
:)
$MTL.X consolidatingThis coin has actually been on an uptrend since Jan. I expect some further swings/consolidating within the smaller triangle before breaking out within a week or so. Good entry would be around 5000-5100 satoshis if it swings that low again.
METAL - Buy Opportunity - 121% ROI - 6.6:1 Risk/RewardReasons to buy using a STOP LIMIT order to BUY when prices cross the consolidation zone:
1. Valid break-out pattern with a clear consolidation zone
2. Increase in volume prior to break out
3. Long accumulation period
4. High return on investment (121%) with massive 6.6:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial a
Metal in good shapeSeems like a good opportunity to make a small buck.
Enter in the support(lower) line, sell the entry at upper (resistance) line. Let the rest ride.
MTL Looking Delicious - Looking for 80% Return After BreakoutAccumulating volume steadily increasing, in a major symmetrical triangle, waiting for a breaktout but this looks hard to pass up at the moment. Confluence of long term and short term fib levels is the target, also roughly the height of the triangle
MTL LongCheck out that volume profile! Rank 141 on coinmarketcap
Nice long accumulation
Wish it was on bfinex so I could leverage this on margin... Oh well.
buying
#MTL $MTL - LONG - Target 7890 - BULL TREND - 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.
Extremely bullish setup on MTLOut of all the Binance coins that I have analysed none has been in accumulation stage + a solid uptrend for this long. MTL has been in an uptrend since December 8 2017 while making consistent higher lows and has been forming a symmetrical triangle since the beginning of the uptrend. The volume on MTL has also been very strong indicating the solid accumulation that is occurring with this coin. And finally MTL is resting just above a support zone which is why I believe this coin is in a very comfortable spot right now, all that I am waiting for is a confirmed breakout of this triangle which should shoot MTL to at least 0.0007 satoshi's (I like using conservative targets) is where I will be taking profits.
