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Metisdao

METISDAO PREPARING FOR LONG ENTRY Hello everyone, and happy Monday! I wish you all the best for the week ahead! This is METIS on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side. We can also see that the price has just dipped below the 0.236 Fibonacci level (all-time). This means two things: 1. The system signals that we should wait. 2. The price is below this key level, which is a crucial support zone. Conclusion: We wait for two confirmations: The system flipping long. The price reclaiming the 0.236 Fibonacci level as support. Patience is key, so we’ll check this chart again tomorrow. Stay safe!
by vagada
SasanSeifi| Will the Price Move Towards $60?Hey there,✌On the daily timeframe BINANCE:METISUSDT , as you can see, the price encountered a correction after reaching the supply zone. After this correction, the price faced an increase in demand around the $35 level and is now trading within the important supply zone at $46. The mid-term analysis suggests that the market trend is more likely to move upwards. If the price successfully breaks through the supply zone and stabilizes above the $48 level, it is expected that the price will move towards higher levels, such as $53. After this move, there might be a negative reaction and the formation of a range zone, followed by a pullback, after which the price could reach higher levels such as $60 and even $66. From a mid-term perspective, if the price reaches the $60 level, observing the price reaction at this level can help us gain a better understanding of the future trend. If we see demand at this level, it is likely that in the long term, the price could reach its long-term target of $75, experiencing significant growth. The short-term support zone for the price is currently between $43 and $40, which can be considered. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
2
$METIS update. This thing is going to blow up!KUCOIN:METISUSDT - has been on an excellent run, getting in at $20 was a good investment - however, worth keeping in mind that there are going to be pullbacks, and if you're actively trading this (*I am 50%) then we are coming up to a useful moment. What larger players are looking for are liquidity levels into which they can either buy or sell. The last MAJOR liquidity gap - was at around $97 - hence notable that as we were driving hard over the christmas period, price pipped that level and then immediately sold down to the nearest support - i.e around $75, consolidated, accumulated then pushed up again. We're approaching another TWO levels, and have almost pipped one of them (*see blue box) but given the traction $METIS is getting I see up pushing through these over the next few days. A decent pullback to major resistance at $105 would then be on the cards. Before a further push up. Of course there are many independent variable here, narratives are key (Metis EDF launch, sequencer mining launch, who gets what support from the DAO etc, but broader the $BTC/$ALTcoin differential and "pre-halving pullback" bears...) but thats how I'm playing it. However be aware, that as TVL has rapidly ticked up so has the possibility of MAJOR players moving in to screw with the system. Could see a MASSIVE push up, taking out everyones stops and then a pullback. If you don't want to miss out I would suggest holding a spot bag in a cold wallet. In meantime, there is $METIS beta to be had, ecosystem tokens are flying - but with excellent volatility. Meme tokens are fine but personally I like anything with reflections in Ecosystem tokens - MCC (MetisChainCapital / metischain.capital) is a good one, or obviously $HERMES which is the next major narrative with the V2 launch... Good hunting
Long
by Flyte-X
$METIS - Consolidating - looking good!GATEIO:METISUSDT has as proposed flipped ~$80 prior resistance to support and is now sitting in a tight accumulation pattern. Looking at the weekly chart - we are sitting around a long term S/R - Upcoming market dynamics - be that the full announcement of community sequencing activity, the EDF details, $HERMES V2 concentrated liquidity set up - are all quite bullish. When we push up I am looking first to see the FV Gap at around $130 get taken before a pullback to distribute prior to another push towards the heavy duty S/R in the $160's The timeframe for this is quite variable, and given how much excitement and OI is forming around the Andromeda chain, quite possible to see some market maker shenanigans - i.e. some heavy dumping on the way up to mop up some of the leveraged capital that is sloshing around. Personally - I'm looking for a Q1 target price of $130-160 - which would mark a 100% return if you only entered here. Is there a possibility that we get a pullback to the $60's - yes absolutely but Risk : Reward here is skewed toward spot $METIS and ecosystem rewards during these fluctuations. Providing volatile liquidity to $HERMES:$METIS for example (hermes.maiadao.io) is providing an ample (non-boosted) APR around 102% whilst this plays out. Using leverage on $METIS at the moment seems like a fools errand. Good Hunting
Long
by Flyte-X
METIS Surges After Announcement of Ecosystem Development Fund The Ethereum Layer 2 scaling protocol Metis has dedicated 4.6 million $METIS tokens toward the new Metis Ecosystem Development Fund. The Fund will begin disbursing grants in the first quarter of 2024. The Metis Ecosystem Development Fund was allotted 4.6 million METIS, worth over $100 million, that will be used to fund grants for dApps, sequencer mining and other product development projects, the protocol said in a statement. Metis will begin giving out funding starting in the first quarter of 2024. Metis aims to be the first fully decentralized Ethereum Layer 2 by the end of 2023.
COINBASE:METISUSDLong
by DEXWireNews