Metal (MTL) Facing Strong Resistance But Likely To Move...

6 ביולי 2021

We can see MTLBTC facing strong resistance at EMA100 and EMA50, blue and magenta lines respectively.

It is still likely to move positive based on the v/triangular pattern shown to test support.

After this pattern, it is more likely for prices to move up rather than drop.

In case of a drop, I've marked the support level on this chart.

The general trend is still bullish.
Patience is key to win on this one.

Namaste.