As we can see at previous support at 0.00003921 the trend cross it and reach previous resistance and make it support so we are in very important level of support at current price 0.00002763 we will see if it crossed or make a reverse to the 0.00003921 resistance (was support) or down to 0.00002763 to reach it as a support (was resistance)!. Follow to encourage us...
do you think it create a head and shoulders pattern?? and then go to up trend?
We are in important period for MTL it's now making triangle. We will wait until this ends for long term trading to see if it's crossed over to up it will hit the previous resistance. If crossed down it will hit the HVN like it shown in the picture.
It hit very important support area It could touch the target in long term, if crossed the support area it should down for a long time before back to this area. as we can see the stoch is crossed to up trend too.!
It crossed the long up trend and maybe it gonna down to low levels in the next few weeks