Long
MTL Coin cannot go much lower
MTL Coin isn't the currency we usually speak about as it's market cap is only 200mio which makes it just out of the 100 top ranked.
Metallicus developped this coin to help his app to transfer money instantly with minimal fees just requiring a phone number without bank or credit card.
The team behind appears solid with members from VISA Inc, AMEX, Apple and many other crypto projects.
I truly believe such an app could be a revolution as the current app providing the same, such as Twint in Switzerland and many in the northern countries that I won't risk typing, are based on central bank system. But according to many studies led by Bloomberg, FT or even Reuters, non physical cash is becoming every more in the trend.
Speaking of trend, the one you we can see here just break his in early December and now slowly moving on the upwards.
This mean the price enter once again in that dead zone of resistance between 0.00063 and 0.00078. The volume are a bit higher than last year which might make it escape than zone. This is no short term move but worth looking into while the price is at his lowest. Monitor until it reached the first Fibo level at 23%
Analysis done by The Foil
05.01.2018 00:28
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Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
Metallicus developped this coin to help his app to transfer money instantly with minimal fees just requiring a phone number without bank or credit card.
The team behind appears solid with members from VISA Inc, AMEX, Apple and many other crypto projects.
I truly believe such an app could be a revolution as the current app providing the same, such as Twint in Switzerland and many in the northern countries that I won't risk typing, are based on central bank system. But according to many studies led by Bloomberg, FT or even Reuters, non physical cash is becoming every more in the trend.
Speaking of trend, the one you we can see here just break his in early December and now slowly moving on the upwards.
This mean the price enter once again in that dead zone of resistance between 0.00063 and 0.00078. The volume are a bit higher than last year which might make it escape than zone. This is no short term move but worth looking into while the price is at his lowest. Monitor until it reached the first Fibo level at 23%
Analysis done by The Foil
05.01.2018 00:28
----
Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
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