MTL. A perfect divergence?

Metal is on fire. It managed to gain almost 60% in a week. How sustainable is this rally?

We probably might have some doubts in MTL at these levels.

Simply because of multiple bearish divergences found on charts.

1. Classic, price vs active addresses:

Price going up, active addresses count going down. Probably the same story as in March.

2. Price vs trading volume:

3. Price vs social volume:

4. Price vs network growth:

5. Price and age consumed:

We can see that less and less holders are taking profits on the way up. Perhaps becoming too relaxed and confident that the trend will continue, nothing to worry about.

All above might indicate that we are probably close to a strong point to reconsider risks holding MTL.

Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.