METAL - MTL/USDT - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
0
10
7.9
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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
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
S3
S2
S1
R1
R2
R3
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
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