METAL - MTL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MTLUSDT
ISIN:

METAL - MTL/USDT - Daily - Technical analysis published on 06/05/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 1.240633 USDT

My targets

1.519367 USDT (+11.88%)

1.620000 USDT (+19.29%)

My analysis

METAL - MTL/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.240633 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.519367 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1.620000 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 3.090000 USDT. Beware of a possible return to under the support located at 1.240633 USDT which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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 MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

METAL - MTL/USDT rating 1.358000 USDT. On the day, this instrument gained +12.70% with the lowest point at 1.170000 USDT and the highest point at 1.367000 USDT. The deviation from the price is +16.07% for the low point and -0.66% for the high point.

1.170000

1.367000

1.358000

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Abnormal volumes on METAL - MTL/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of METAL - MTL/USDT in Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.980000	1.120000	1.330000	1.358000	1.620000	3.090000	4.830000
Change (%)	-27.84%	-17.53%	-2.06%	-	+19.29%	+127.54%	+255.67%
Change	-0.378000	-0.238000	-0.028000	-	+0.262000	+1.732000	+3.472000
Level	Major	Minor	Intermediate	-	Intermediate	Minor	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	0.918333	0.999667	1.102333	1.183667	1.286333	1.367667	1.470333
Camarilla	1.154400	1.171267	1.188133	1.205000	1.221867	1.238733	1.255600
Woodie	0.929000	1.005000	1.113000	1.189000	1.297000	1.373000	1.481000
Fibonacci	0.999667	1.069955	1.113379	1.183667	1.253955	1.297379	1.367667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.848000	0.909000	1.008000	1.069000	1.168000	1.229000	1.328000
Camarilla	1.063000	1.077667	1.092333	1.107000	1.121667	1.136333	1.151000
Woodie	0.867000	0.918500	1.027000	1.078500	1.187000	1.238500	1.347000
Fibonacci	0.909000	0.970120	1.007880	1.069000	1.130120	1.167880	1.229000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.064833	0.448533	0.727267	1.240633	1.519367	2.032733	2.311467
Camarilla	0.788173	0.860782	0.933391	1.006000	1.078609	1.151218	1.223828
Woodie	-0.182150	0.389875	0.609950	1.181975	1.402050	1.974075	2.194150
Fibonacci	0.448533	0.751116	0.938051	1.240633	1.543216	1.730151	2.032733

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	72.98
MACD (12,26,9):	0.0215
Directional Movement:	28.067821
AROON (14):	78.571429
DEMA (21):	1.101719
Parabolic SAR (0,02-0,02-0,2):	0.977252
Elder Ray (13):	0.156191
Super Trend (3,10):	1.009616
Zig ZAG (10):	1.345000
VORTEX (21):	1.1292
Stochastique (14,3,5):	87.56
TEMA (21):	1.146180
Williams %R (14):	-5.11
Chande Momentum Oscillator (20):	0.345900
Repulse (5,40,3):	24.8420
ROCnROLL:	1
TRIX (15,9):	-0.1745
Courbe Coppock:	19.75

MA7:	1.102414
MA20:	1.059550
MA50:	1.108920
MA100:	1.165971
MAexp7:	1.150904
MAexp20:	1.089300
MAexp50:	1.103530
MAexp100:	1.105517
Price / MA7:	+23.18%
Price / MA20:	+28.17%
Price / MA50:	+22.46%
Price / MA100:	+16.47%
Price / MAexp7:	+17.99%
Price / MAexp20:	+24.67%
Price / MAexp50:	+23.06%
Price / MAexp100:	+22.84%

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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