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

2021年7月2日

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.