MTLBTC - Resting on Unbroken Trend Support & Fib Retracement
Atualizado
MTLBTC is resting on an unbroken trendline support and around the 0.786 Fibonacci retracement level.
As a rule of thumb, when BTCUSD rallies (as it is at the time of writing this), altcoins suffer.
That being said, MTLBTC has a chance to show the strength of this trendline support once again.
Indicators on lower time frames are signalling the need for a further retracement, but the 1D chart is shaping up nicely.
The overbought daily Stochastic RSI in conjunction with the bearish indicators on lower time frames may create a bear trap when the bottom support is reached.
Interesting chart with lots of possibilities - worth watching!
As a rule of thumb, when BTCUSD rallies (as it is at the time of writing this), altcoins suffer.
That being said, MTLBTC has a chance to show the strength of this trendline support once again.
Indicators on lower time frames are signalling the need for a further retracement, but the 1D chart is shaping up nicely.
The overbought daily Stochastic RSI in conjunction with the bearish indicators on lower time frames may create a bear trap when the bottom support is reached.
Interesting chart with lots of possibilities - worth watching!
Trade fechado: objetivo atingido
Target was reached.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.