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Metal (MTL) Facing Strong Resistance But Likely To Move...
Metal / Bitcoin
Long
Metal (MTL) Facing Strong Resistance But Likely To Move...
By AlanSantana
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Jul 6, 2021
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Jul 6, 2021
We can see MTLBTC facing strong resistance at EMA100 and EMA50, blue and magenta lines respectively.
It is still likely to move positive based on the v/triangular pattern shown to test support.
After this pattern, it is more likely for prices to move up rather than drop.
In case of a drop, I've marked the support level on this chart.
The general trend is still bullish.
Patience is key to win on this one.
Namaste.
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AlanSantana
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