Metal price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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Metal price levels prediction for next 7 days

Next 7 days brief prediction

Price of MTL has broken last trend and will FALL from the support level $0.68920004

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.9113349914550781 Weight: 35.826 22 Jun 2021
$0.7681155800819397 Weight: 12.981 12 May 2022

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.68920004 Maximum price support level based on 7 days movements

Metal price levels prediction for next 30 days

Next 30 days brief prediction

Price of MTL is now on EDGE at $0.936. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $1.088 with $1.241 as upper border and $0.936 as bottom. If price will go down, it will FALL with support level $0.936

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$2.345491647720337 Weight: 9.041 16 Oct 2022
$2.1336467266082764 Weight: 7.275 06 Jun 2021
$1.8546900749206543 Weight: 5.539 17 Apr 2022
$1.7397135496139526 Weight: 12.935 19 May 2021
$1.6623505353927612 Weight: 14.54 28 Nov 2021
$1.4456868171691895 Weight: 10.419 11 Apr 2022
$1.444490671157837 Weight: 6.019 27 Jul 2021
$0.9348055720329285 Weight: 7.742 16 Oct 2022
$0.9113349914550781 Weight: 35.826 22 Jun 2021
$0.7681155800819397 Weight: 12.981 12 May 2022

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.936 Edge price dividing trends based on 30 days movements
1.241 Channel maximum price resist level based in case of RAISE trend on 30 days movements
0.936 Channel minimum price resist level based in case of RAISE trend on 30 days movements
0.936 Minimum price support level in case of FALL trend based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.8465334 details, prediction
0.8384625 details, prediction
0.757191 details, prediction
0.75607306 details, prediction
0.74115473 details, prediction
Second tier
0.9440261 details, prediction
0.9181365 details, prediction
0.91363937 details, prediction
0.90393174 details, prediction
0.90169114 details, prediction
Third tier
0.91834253 details, prediction
0.86391383 details, prediction
0.8621218 details, prediction
0.8559531 details, prediction
0.8465295 details, prediction


This report should be leaned to get most info about heading trends. It means that Metal price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Metal
Low correlated currencies
Coin Correlation Links
First tier
-0.61741036 details, prediction
-0.5982869 details, prediction
-0.47838366 details, prediction
-0.46110892 details, prediction
-0.3613172 details, prediction
Second tier
-0.67594844 details, prediction
-0.5630602 details, prediction
-0.5489429 details, prediction
-0.53260934 details, prediction
-0.5032843 details, prediction
Third tier
-0.9607515 details, prediction
-0.7675497 details, prediction
-0.71227133 details, prediction
-0.7052197 details, prediction
-0.66211617 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)