Metadium Clear Uptrend (Next Target Mapped + Support Levels)
Metadium (METABTC) is on a clear uptrend, prices are now bouncing off EMA100/EMA50 and moving back above EMA10.
This can be just a bounce that leads to a lower high and more red... But knowing the market cycle we are in, the hidden bullish divergence and the move above EMA10, it is possible that a higher high will hit before the retrace.
Anyways, the important support levels are marked on the chart just in case.
Above these two levels, we remain bullish all the way.
Within the ascending channel, we aim for a higher high next marked with a dashed magenta line.
Namaste.
This can be just a bounce that leads to a lower high and more red... But knowing the market cycle we are in, the hidden bullish divergence and the move above EMA10, it is possible that a higher high will hit before the retrace.
Anyways, the important support levels are marked on the chart just in case.
- Below EMA100 goes bearish.
- Below MA200 blood/red.
Above these two levels, we remain bullish all the way.
Within the ascending channel, we aim for a higher high next marked with a dashed magenta line.
Namaste.
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