TheFoil
Giá lên

MTL Coin cannot go much lower

BITTREX:MTLBTC   Metal / Bitcoin
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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