We have got a coin that didn't increase that much with the recent Bitcoin
upward movement and it has been in a symmetrical triangle formation almost 5 months. Now MTL
has slowly increasing volume
, neutral RSI
indicator is close to cross bullish
and give us a nice signal in the near future. We can wait until it hits the dynamic support line of this triangle or buy now and wait for it to move upwards or buy the breakout of symmetrical triangle(It is up to you how you trade). I am personally waiting for it to hit the lower line of the triangle and buy if it manages to bounce from there however it might just straight go up to the resistance line for a breakout possibility. So we just need to watch how MTL
moves and buy when it looks like a good opportunity.