MTLBTC

MTLBTC

METAL

TICKER: MTL

QUICK SNAPSHOT:

Age                    9 mos
Marketcap (current)    $103.28M
Price (USD)            $4.64
Price (BTC)            0.00047฿
24hr Change (%)        +23.57%
24hr Trade Volume      $9.34M
All Time High          $13.86
All Time High Date     2017-9-8
% down from ATH        66.49%

MTL ROI:

1 week    -15%
1 month   8%
3 months  -20%
6 months  -60%

TECHNICAL ANALYSIS:

A diagonal resistance and support curved down to meet at a point.

SYMMETRIC TRIANGLE.

A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs.

A big symmetric triangle has been formed , which started on the 8th of December 2017 with its consolidation. Currently between the 0.236fib retracement level and the 0.386fib retracement level, consolidation within this fib level might likely continue but a major move up to break the resistance will likley retest or throw back. Oscilator ( STOCHASTIC RSI) showing a fully oversold pattern

Technicals suggests a buy levels at 0.000465sats down to 0.000394sats with a potential stop loss around 0.000324sats.

If  and when resistance is broken, major targets should be around 0.000841 up to 0.0012sats which should be in 3weeks time.

Disclaimer: The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

HAPPY TRADING

$COV HODL

 

 

 

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