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 $0.68920004Historic 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 $0.936Historic 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 | ||
Bitcoin SV
BSV
|
0.8465334 | details, prediction |
EOS
EOS
|
0.8384625 | details, prediction |
Cardano
ADA
|
0.757191 | details, prediction |
Tezos
XTZ
|
0.75607306 | details, prediction |
UNUS SED LEO
LEO
|
0.74115473 | details, prediction |
| Second tier | ||
0x
ZRX
|
0.9440261 | details, prediction |
Zilliqa
ZIL
|
0.9181365 | details, prediction |
Decentraland
MANA
|
0.91363937 | details, prediction |
Waves
WAVES
|
0.90393174 | details, prediction |
Civic
CVC
|
0.90169114 | details, prediction |
| Third tier | ||
Stox
STX
|
0.91834253 | details, prediction |
WaykiChain
WICC
|
0.86391383 | details, prediction |
Seele
SEELE
|
0.8621218 | details, prediction |
TokenClub
TCT
|
0.8559531 | details, prediction |
Project Pai
PAI
|
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 | ||
XRP
XRP
|
-0.61741036 | details, prediction |
Dogecoin
DOGE
|
-0.5982869 | details, prediction |
USD//Coin
USDC
|
-0.47838366 | details, prediction |
Huobi Token
HT
|
-0.46110892 | details, prediction |
Maker
MKR
|
-0.3613172 | details, prediction |
| Second tier | ||
SwissBorg
CHSB
|
-0.67594844 | details, prediction |
True USD
TUSD
|
-0.5630602 | details, prediction |
Algorand
ALGO
|
-0.5489429 | details, prediction |
Utrust
UTK
|
-0.53260934 | details, prediction |
OriginTrail
TRAC
|
-0.5032843 | details, prediction |
| Third tier | ||
BitcoinZ
BTCZ
|
-0.9607515 | details, prediction |
Callisto Network
CLO
|
-0.7675497 | details, prediction |
Gemini Dollar
GUSD
|
-0.71227133 | details, prediction |
Linker Coin
LNC
|
-0.7052197 | details, prediction |
OAX
OAX
|
-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)