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How long will the metal (MTL) rise continue?
Altcoin MTL price has increased along an ascending support line since November 2022. More recently, the price bounced off the line on August 17 (green icon), forming a long lower wick. This started an upward move that is still ongoing. MTL has almost reached the descending resistance line, which is currently at $1.35. When combined with the support line, it forms a symmetrical triangle, which is considered a neutral formation. Whether the price breaks out of the resistance line or is rejected and falls will determine the next move. A breakout triggers a 20% upside to the next resistance at $1.60. On the other hand, rejection would result in a 30% drop to the ascending support line, currently at $1.
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FlowerFirstvip
· 2024-01-25 23:53
New Year, New Earnings! 🤑
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