#METIS/USDT#METIS
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, this support at 14.73.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 18
First target: 19.78
Second target: 22
Third target: 25
METISUSD
METIS Rebuy Setup (2D)The METIS token, after experiencing significant drops, is approaching a strong support level.
We are looking for buy/long positions within the green zone.
A daily candle closing below the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
METIS is a racket (3D)METIS now seems to be in wave c of C, which is a bullish wave.
The targets of this wave based on the big wave A and wave a of C can be very attractive.
The time frame is 3 days, which means that this analysis needs time to be realized.
The green area is our BUY area.
Closing a daily candle below the invalidation level will violate this analysis
invalidation level: 28.08$
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
METISUSDT Breaks Out of Descending Channel: Bullish Rally ExpectMETISUSDT technical analysis update
METIS has broken the descending channel resistance line on the daily chart and is now preparing to break the previous higher low. If the price successfully breaks the previous higher low, we can expect a strong bullish move. Additionally, the price is about to cross above the 100 EMA on the daily chart.
Regards,
Hexa
METIS is Very BullishIt looks like we have an ABC on the chart. Wave B has just ended and we are now entering Wave C. We are at the beginning of wave C.
Wave B looks like a triangle.
We have identified two short-term targets for METIS.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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.