META (MTA) - MTA/USD

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Type:	Cryptocurrencies
Ticker:	MTAUSD
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META (MTA) - MTA/USD - Daily - Technical analysis published on 04/16/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2.88 USD

My targets

4.15 USD (+23.23%)

4.70 USD (+39.47%)

My analysis

META - MTA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.88 USD. The next resistance located at 4.15 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.70 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

META - MTA/USD rating 3.37 USD. On the day, this instrument lost -14.90% and was between 3.35 USD and 4.02 USD. This implies that the price is at +0.60% from its lowest and at -16.17% from its highest.

3.35

4.02

3.37

A study of price movements over other periods shows the following variations:

Abnormal volumes on META - MTA/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this META - MTA/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.84	1.63	2.43	3.37	3.42	4.70
Change (%)	-75.07%	-51.63%	-27.89%	-	+1.48%	+39.47%
Change	-2.53	-1.74	-0.94	-	+0.05	+1.33
Level	Minor	Minor	Intermediate	-	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.59	2.31	3.14	3.86	4.69	5.41	6.24
Camarilla	3.53	3.68	3.82	3.96	4.10	4.24	4.39
Woodie	1.64	2.34	3.19	3.89	4.74	5.44	6.29
Fibonacci	2.31	2.91	3.27	3.86	4.46	4.82	5.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.60	2.01	2.37	2.78	3.14	3.55	3.91
Camarilla	2.52	2.59	2.66	2.73	2.80	2.87	2.94
Woodie	1.58	2.00	2.35	2.77	3.12	3.54	3.89
Fibonacci	2.01	2.30	2.49	2.78	3.07	3.26	3.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.51	0.55	1.82	2.88	4.15	5.21	6.48
Camarilla	2.46	2.67	2.89	3.10	3.31	3.53	3.74
Woodie	-0.40	0.60	1.94	2.93	4.27	5.26	6.60
Fibonacci	0.55	1.44	1.99	2.88	3.77	4.32	5.21

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.86
MACD (12,26,9):	0.2500
Directional Movement:	22.14
AROON (14):	42.86
DEMA (21):	3.46
Parabolic SAR (0,02-0,02-0,2):	2.65
Elder Ray (13):	0.38
Super Trend (3,10):	2.18
Zig ZAG (10):	3.51
VORTEX (21):	1.0900
Stochastique (14,3,5):	69.60
TEMA (21):	3.64
Williams %R (14):	-49.61
Chande Momentum Oscillator (20):	0.45
Repulse (5,40,3):	4.1300
ROCnROLL:	1
TRIX (15,9):	0.8700
Courbe Coppock:	24.06

MA7:	3.43
MA20:	3.16
MA50:	2.69
MA100:	2.77
MAexp7:	3.51
MAexp20:	3.17
MAexp50:	2.91
MAexp100:	2.63
Price / MA7:	-1.75%
Price / MA20:	+6.65%
Price / MA50:	+25.28%
Price / MA100:	+21.66%
Price / MAexp7:	-3.99%
Price / MAexp20:	+6.31%
Price / MAexp50:	+15.81%
Price / MAexp100:	+28.14%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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META (MTA) - MTA/USD - Daily - Technical analysis published on 04/16/2021 (GMT)

Summary of the analysis

Additional analysis

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Technical

Numerical data

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