METAL - MTL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MTLUSDT
ISIN:

METAL - MTL/USDT - Daily - Technical analysis published on 03/27/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 1.08 USDT

My targets

1.32 USDT (+8.50%)

1.62 USDT (+33.11%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on METAL - MTL/USDT as long as the price remains well above 1.08 USDT. The buyers' bullish objective is set at 1.32 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.62 USDT. If there is any crossing, the next objective would be the resistance located at 3.09 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Oli. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

METAL - MTL/USDT rating 1.22 USDT. The price registered an increase of +0.00% on the session and was between 1.20 USDT and 1.26 USDT. This implies that the price is at +1.67% from its lowest and at -3.17% from its highest.

1.20

1.26

1.22

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by METAL - MTL/USDT:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of METAL - MTL/USDT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.77	0.97	1.08	1.22	1.32	1.62	3.09
Change (%)	-37.00%	-20.85%	-11.13%	-	+8.50%	+33.11%	+153.54%
Change	-0.45	-0.25	-0.14	-	+0.10	+0.40	+1.87
Level	Minor	Major	Major	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.12	1.16	1.19	1.23	1.26	1.30	1.33
Camarilla	1.20	1.21	1.21	1.22	1.23	1.23	1.24
Woodie	1.12	1.16	1.19	1.23	1.26	1.30	1.33
Fibonacci	1.16	1.19	1.20	1.23	1.26	1.27	1.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.94	1.02	1.15	1.23	1.36	1.44	1.57
Camarilla	1.22	1.24	1.26	1.28	1.30	1.32	1.34
Woodie	0.97	1.03	1.18	1.24	1.39	1.45	1.60
Fibonacci	1.02	1.10	1.15	1.23	1.31	1.36	1.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.66	0.11	0.73	1.50	2.12	2.89	3.51
Camarilla	0.98	1.11	1.23	1.36	1.49	1.62	1.74
Woodie	-0.73	0.07	0.67	1.46	2.06	2.85	3.45
Fibonacci	0.11	0.64	0.97	1.50	2.03	2.36	2.89

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.41
MACD (12,26,9):	0.0200
Directional Movement:	13.70
AROON (14):	85.71
DEMA (21):	1.22
Parabolic SAR (0,02-0,02-0,2):	0.91
Elder Ray (13):	0.03
Super Trend (3,10):	1.36
Zig ZAG (10):	1.22
VORTEX (21):	1.0400
Stochastique (14,3,5):	73.78
TEMA (21):	1.21
Williams %R (14):	-36.67
Chande Momentum Oscillator (20):	0.09
Repulse (5,40,3):	0.0300
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	24.42

MA7:	1.20
MA20:	1.15
MA50:	1.15
MA100:	0.97
MAexp7:	1.21
MAexp20:	1.19
MAexp50:	1.12
MAexp100:	1.05
Price / MA7:	+1.67%
Price / MA20:	+6.09%
Price / MA50:	+6.09%
Price / MA100:	+25.77%
Price / MAexp7:	+0.83%
Price / MAexp20:	+2.52%
Price / MAexp50:	+8.93%
Price / MAexp100:	+16.19%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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