MTL/USD BULLISH BREAKOUT
I believe Metal MTL has reached i'ts bottom and is now ready for huge pullback 0.6 - 0.7.
Looking at the chart we can see on all timeframes huge increase in buy volume resulting in a significant rise of the price.
Also looking at the VWAP(Volume Weighted Average Price) Indicator we can see the price is constantly above the white line which tells us we are in an uptrend.
Lastly we have MACD crossed over the signal line which is bullish.
We are currently at the ATH in the last 2 days, with huge volume and buy orders pushing this price to the resistance level of 0.52
After the resistance is broken in the next few days MTL should attempt 0.8 resistance.
Looking at the chart we can see on all timeframes huge increase in buy volume resulting in a significant rise of the price.
Also looking at the VWAP(Volume Weighted Average Price) Indicator we can see the price is constantly above the white line which tells us we are in an uptrend.
Lastly we have MACD crossed over the signal line which is bullish.
We are currently at the ATH in the last 2 days, with huge volume and buy orders pushing this price to the resistance level of 0.52
After the resistance is broken in the next few days MTL should attempt 0.8 resistance.
Penafian
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