Mtlusdt
MTL's Rising Symphony: A Dynamic Hourly AnalysisExploring the hourly ebbs and flows of Metal (MTL), the driving cryptocurrency of the Metal Pay platform, reveals a captivating dance of numbers and trends. Currently stationed at a respectable $1.504, MTL recently graced a high of $1.549. This apex coincided with the upper Bollinger Band, suggesting an ephemeral overbought episode.
The Fibonacci retracement reveals key support and resistance markers. The initial 0 level support hovers at $1.328, providing potential stability in case of price withdrawal. Meanwhile, MTL has deftly overtaken the 0.5 and 1 levels at $1.391 and $1.453 respectively, signalling the persistence of bullish momentum. A slight obstacle may be encountered at the 1.618 Fibonacci level, positioned at $1.53. Yet, the ceaseless bullish fervour could ultimately catapult the price to the formidable 2.618 Fibonacci level at $1.655.
The market dynamics, as depicted by the oscillators, enhance this narrative. The Relative Strength Index (RSI) and Stochastic Oscillator, teetering at 65 and 73 respectively, suggest that buyers may be reaching their saturation point. This intimates that a minor price correction or a consolidation phase could be around the corner.
Despite the volume oscillator indicating a recent decline of 13%, hinting at possible market consolidation, the On-Balance Volume (OBV) marker stands strong at a hefty 422 million. This suggests that significant buying pressure persists, reflecting a broader bullish sentiment. This duality in trading volume and buying pressure underscores the complexity of the market's current state.
Further fuelling this bullish spectacle is the Moving Average Convergence Divergence (MACD) value at 0.026. With the MACD line perched above the signal line, the bullish trend appears to retain its vigour, fuelling speculations of further price ascents.
The sturdy 9% gain registered by MTL over the last 24 hours amplifies the positive aura surrounding the coin. However, the inherent volatility of crypto markets necessitates a meticulous scrutiny of these indicators and a level-headed approach to trading. With this dynamic interplay of factors at hand, MTL's journey promises to be an intriguing watch.
MTL LOOKS BULLISH (BUY SETUP)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MTL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MTL RESULT!!!BYBIT:MTLUSDT.P
Wow. this trade was everything i expected i am very proud of this outcome i took my patience and held on too watch these playa bottoms form! it was just a matter of time until i took a shot at this one and after the last spike from the 3rd through to the 6th was that sweet swing.. the volume came through and seen that double bottom forming on the 1HR and took my shot! thats all! win or lose it dont matter! im interested in the best setups. Time to reflect with my wife and find the next best trades i got my eye on. ill be sure to go through these ones tomorrow. ROAD2AMILLI
Mtl Find order and Chaos will followAight guys this is my last or penultimate post for the next few days maybe 2 weeks depends, Posting your trades and updates and stuff I did not realize was so much work. I will update trades in progress however.
Just took a long in mtl
Mtl is going to swing High, holding 1.0203 support, resistance shall soon be broken.
MTLUSDT#
i expect there will be a correction move we have very important and strong support zone and we are in over sold area MACD is showing bullish RSI showing bullish EMAs is neutral ZELMA is showing uptrend-move Ichimoku cloud is neutral Fib retracement is showing bullish Accumulation distribution is bullish buy and hold it to the next targets at the chart
MTL CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MTL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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
MTL CAN GO DOWNHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MTL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You