As shown in the chart below, the price of Metal (MTL/BTC) has been following an ascending right triangle bullish pattern on the daily chart. The pattern is supported by decreasing volume. The price is at the resistance level of the pattern and if supported by volume can break out upwards followed by a bullish impulse with highlighted targets around 1.618 fibonacci level.

The key resistance levels are 100-day EMA and the resistance of the ascending triangle pattern. The 50-day EMA is near the 0.236 fibonacci level which can act as a support. If the price rejects the resistance line of the pattern, it can continue to move in the triangle.

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