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 is now on EDGE at $0.2702. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.0 with $0.2702 as upper border and $0.2702 as bottom. If price will go down, it will FALL with support level $0.2702Historic 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 |
|---|
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.2702 | Edge price dividing trends based on 7 days movements |
| 0.2702 | Channel maximum price resist level based in case of RAISE trend on 7 days movements |
| 0.2702 | Channel minimum price resist level based in case of RAISE trend on 7 days movements |
| 0.2702 | Minimum price support level in case of FALL trend 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 $0.2972. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.32239997 with $0.3552 as upper border and $0.2972 as bottom. If price will go down, it will FALL with support level $0.2972Historic 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 |
|---|---|---|
| $0.21296510100364685 | Weight: 5.895 | 15 Dec 2018 |
| $0.1565515697002411 | Weight: 97.277 | 13 Jan 2021 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.2972 | Edge price dividing trends based on 30 days movements |
| 0.3552 | Channel maximum price resist level based in case of RAISE trend on 30 days movements |
| 0.2972 | Channel minimum price resist level based in case of RAISE trend on 30 days movements |
| 0.2972 | Minimum price support level in case of FALL trend based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Stellar
XLM
|
0.90142876 | details, prediction |
Ethereum Classic
ETC
|
0.89715683 | details, prediction |
Cardano
ADA
|
0.8966034 | details, prediction |
Monero
XMR
|
0.8723359 | details, prediction |
ZCash
ZEC
|
0.8664711 | details, prediction |
| Second tier | ||
QTUM
QTUM
|
0.9853086 | details, prediction |
Theta Fuel
TFUEL
|
0.9849479 | details, prediction |
Horizen
ZEN
|
0.9818135 | details, prediction |
iEx.ec
RLC
|
0.97966725 | details, prediction |
Loopring
LRC
|
0.978523 | details, prediction |
| Third tier | ||
PIVX
PIVX
|
0.98999846 | details, prediction |
Internet of Services
IOST
|
0.9813763 | details, prediction |
IoTeX
IOTX
|
0.9810995 | details, prediction |
Hydro Protocol
HOT
|
0.9789472 | details, prediction |
Dent
DENT
|
0.9782461 | 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 | ||
TRON
TRX
|
-0.32877398 | details, prediction |
Binance Coin
BNB
|
0.15803719 | details, prediction |
Dogecoin
DOGE
|
0.47689384 | details, prediction |
UNUS SED LEO
LEO
|
0.5458323 | details, prediction |
KuCoin Shares
KCS
|
0.62715334 | details, prediction |
| Second tier | ||
Dai
DAI
|
-0.41062793 | details, prediction |
True USD
TUSD
|
-0.11605658 | details, prediction |
Zilliqa
ZIL
|
0.14260864 | details, prediction |
Verge
XVG
|
0.39495504 | details, prediction |
Decred
DCR
|
0.49360406 | details, prediction |
| Third tier | ||
HEROcoin
PLAY
|
-0.713443 | details, prediction |
Constellation
DAG
|
-0.5265432 | details, prediction |
Dero
DERO
|
0.023014365 | details, prediction |
BOScoin
BOS
|
0.1784282 | details, prediction |
Elastos
ELA
|
0.6530784 | 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)