Pair: MTL/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Introduction
Metal is a blockchain-based system utilising Proof-of-Processed-Payments to identify users, rewarding them for converting legacy fiat currency into cryptocurrency. It is a system similar to but with a user-friendly and front-end that is similar to Venmo, Square or PayPal. Metal can act as a bridge to or any cryptocurrency available. Many small businesses across the world prefer to only accept cash. However, in an increasingly cashless society, refusing to accept digital and card payments can be problematic. Put simply, Metal believes cash only businesses can benefit by adopting cryptocurrency as a new new form of cash, as cryptocurrencies possess many of the same properties particularly around privacy, censorship resistance and fungibility. In order to bring digital payments into a world that utilises blockchain-based technology over some traditional banking rails, Metal expects to save consumers 4-5% on all purchases.
Technical Analysis
– 12H Closed Above Resistance (Our Condition For Entry)
– “Grinding” Price Action
– Increasing
– Higher Highs/Higher Lows
– Broke Downtrend
Our Entry Zone
0.0000840 – 0.0000909
Our Targets
1: 0.0001008
2: 0.0001306
3: 0.0001548+
Our Stop Loss: 0.0000795
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Crypto Eye Team
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DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Published at Mon, 18 Feb 2019 10:14:04 +0000
