Metal (MTLBTC) hit bottom on the 22nd August and has been in an uptrend since. Several signals are pointing to additional bullish action coming soon.
Let's take a quick look, and trade for profits. We have several signals to look at here:
On the left side you have the daily chart. You can see the MACD on the bullish side and the price on a clear uptrend.
MTLBTC is now trading above EMA10 and EMA50.
RSI is bullish and moving up with good momentum after coming out of oversold.
Huge increase in volume, this is for the daily time frame (TF).
On the weekly TF (right hand side) volume is extremely high as well. The highest volume since this token was added to Binance back in 2017. You can tell by looking at the last green bar at the far right.
Clear bullish crossover on the MACD.
RSI and STOCH are both oversold. If we go back to our hammer candlestick trades/learning, we can be reminded that an oversold RSI and STOCH after producing a low, creating a hammer at a bottom of an uptrend, followed by a strong bounce with good volume, all support bullish growth; which for us means green money.
Yes I talk about money all of the time, that's because I recognize its importance as a tool to be used in this reality. A tool that can help us better exprese ourselves and allows for more growth, freedom, security, opportunity, choices and comfort in our lives. Money is good. Be grateful for it, accept it and be wise spending it...
dear my friend arn coin there is a friend who is going to comment on why do you think we should sell the volume falls? Will the flag appear on the 4-th line?
AlanSantana
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@dogalkozmatik, I did not understand your question, can you rephrase it?
dogalkozmatik
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@alanmasters, please do you make an updated evaluation of ARN again?