METAL - MTL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MTLUSDT
ISIN:

METAL - MTL/USDT - 1H - Technical analysis published on 05/08/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 1.72 USDT

My targets

1.79 USDT (+1.53%)

1.91 USDT (+8.52%)

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 1.72 USDT. The buyers' bullish objective is set at 1.79 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.91 USDT. If there is any crossing, the next objective would be the resistance located at 2.29 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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 mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The METAL - MTL/USDT price is 1.76 USDT. The price has increased by +4.76% since the last closing and was traded between 1.67 USDT and 1.80 USDT over the period. The price is currently at +5.39% from its lowest and -2.22% from its highest.

1.67

1.80

1.76

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

Technical

A technical analysis in 1H of this METAL - MTL/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.64	1.72	1.76	1.76	1.91	2.29	2.76
Change (%)	-6.82%	-2.27%	0%	-	+8.52%	+30.11%	+56.82%
Change	-0.12	-0.04	0	-	+0.15	+0.53	+1.00
Level	Intermediate	Major	Minor	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.49	1.56	1.62	1.69	1.75	1.82	1.88
Camarilla	1.64	1.66	1.67	1.68	1.69	1.70	1.72
Woodie	1.49	1.56	1.62	1.69	1.75	1.82	1.88
Fibonacci	1.56	1.61	1.64	1.69	1.74	1.77	1.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.31	1.40	1.55	1.64	1.79	1.88	2.03
Camarilla	1.62	1.65	1.67	1.69	1.71	1.73	1.76
Woodie	1.33	1.42	1.57	1.66	1.81	1.90	2.05
Fibonacci	1.40	1.50	1.55	1.64	1.74	1.79	1.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.30	0.83	1.19	1.72	2.08	2.61	2.97
Camarilla	1.31	1.39	1.47	1.55	1.63	1.71	1.80
Woodie	0.22	0.79	1.11	1.68	2.00	2.57	2.89
Fibonacci	0.83	1.17	1.38	1.72	2.06	2.27	2.61

Numerical data

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

Technical indicators

Moving averages

RSI (14):	57.68
MACD (12,26,9):	0.0200
Directional Movement:	10.87
AROON (14):	92.86
DEMA (21):	1.76
Parabolic SAR (0,02-0,02-0,2):	1.69
Elder Ray (13):	0.03
Super Trend (3,10):	1.68
Zig ZAG (10):	1.76
VORTEX (21):	1.1100
Stochastique (14,3,5):	83.10
TEMA (21):	1.78
Williams %R (14):	-31.43
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	-0.6000
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	6.80

MA7:	1.68
MA20:	1.67
MA50:	1.86
MA100:	1.84
MAexp7:	1.76
MAexp20:	1.74
MAexp50:	1.71
MAexp100:	1.69
Price / MA7:	+4.76%
Price / MA20:	+5.39%
Price / MA50:	-5.38%
Price / MA100:	-4.35%
Price / MAexp7:	-0%
Price / MAexp20:	+1.15%
Price / MAexp50:	+2.92%
Price / MAexp100:	+4.14%

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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