Metal Slowly Recovering... MTLBTC (Metal) is starting to recove

2 ביולי 2021

MTLBTC (Metal) is starting to recover slowly...

Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200.

We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place.

If we see similar signals but with a weak RSI it can signal that the price can easily drop...

When the RSI is strong, it is more likely to see a continuation to the upside (a continuation of the recovery) than a bull trap showing up.

Namaste.