METISUSDT longMETIS has been in a key support area. The price was in a downtrend for a long time.
We can see a falling wedge pattern forming and it seems to be a low risk area to take a long.
Buy at the buy zone/support or if you want to trade it as a falling wedge, you can wait for a breakout.
Stop loss should be placed below the support.
Target: 32 $
Metis
METISUSDMETISUSD has a very clean price action pattern which is perfect for a swing trader like me. As it follows other crypto, it will go where it goes but at the moment the long trend indications are, it might move up in a clean and crisp pattern. Disclaimer - I own pocket change holdings in it as I post this.
METIS helps me stacking ETHBetting on the L2 narrative for 2022. Also the vitalik mom meme. Compared to any other tokens that market as L2 scaling solutions this is quite undervalued.
Comparing it to Matic/Polygon seems a bit much for mid-term plays, but I could see this competing with Loopring at least.
Road to Valhallah.
METIS/ETH - Further Consolidation Ahead?METIS DAO 1D/3D time-frame comparison vs. ETH. Mixed signals from different time-frames with (short?) re-tracement most likely.