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METIS / TetherUS

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METISUSDT trade ideas

Metis, Algo targets set for $911, 18x0.768 fib is a deep retrace but that was common in the 2017 cycle so i don't think its a big deal. looks like a 1-2 1-2 Elliott wave so could extend well beyond these algo targets. taking profits at the algo target is a safer play but might be worth keeping a moon bag. See linked BTC chart for why my charts are so bull. The Trade: Preferred Entry: $28.86 or a 0.168 retrace of this impulse wave (if we get one) Ape Entry: $47.30 Stop: $32.71 Resistance: $106 - order block already tested once Target 1: $277 Target 2: $955 D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
SasanSeifi| Is a Bullish Breakout Around the Corner?Hey there, ✌ In the daily chart of BINANCE:METISUSDT , as shown, the price has been on a downtrend since reaching the $76 level. After this decline, the price reacted to the $25 level, entering a range between $25 and $42. During this period, the price experienced some fluctuations and relative growth. Currently, after hitting the $42 level twice, the price has pulled back to the demand zone. In this area, we’re seeing some positive movement, with the price now trading near the downward trend line. It appears that a Double Bottom pattern has formed around the $31 level, which could signal a minor upward move. If, in the daily timeframe, the downtrend line and the $37 to $38 price range are broken, and the price stabilizes above this level, there is a chance for an increase towards the $40 and $42.50 resistance zones. In such a scenario, it will be important to monitor how the price reacts to these higher targets. Should the price break through the $42 level and maintain its position above it, the next potential target could be the supply zone between $46 and $50. For risk-tolerant traders, the $36 price range could serve as an entry point. Additionally, upon a breakout and stabilization above the downtrend line, more secure entry points may be identified. The key support area for METIS lies between $33 and $31. Holding this support zone is crucial for a bullish scenario. If this level is lost, further price declines are likely. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
2
Buy Trade Strategy for METIS: Scaling Ethereum with Layer 2 Descrizione: This trading idea focuses on METIS, a Layer 2 scaling solution built on Ethereum. METIS aims to enhance the Ethereum network by providing faster and cheaper transactions while maintaining the security and decentralization of the base layer. With growing demand for scalable decentralized applications (dApps), METIS is positioned to play a significant role in the future of the Ethereum ecosystem. Key fundamental factors, including increasing adoption of Layer 2 solutions, METIS's innovative approach to decentralized autonomous companies (DACs), and a strong development team, make it an interesting prospect for long-term investors. However, the cryptocurrency market is subject to extreme volatility, and prices can be influenced by various external factors, including regulatory changes and technological advancements. As such, investing in projects like METIS comes with inherent risks. Disclaimer: This trading idea is for educational purposes only and should not be considered financial advice. Cryptocurrency investments involve high risks and the potential for substantial losses. Be sure to conduct your own research, assess your financial situation, and consult with a financial advisor before making any investment decisions. Past performance does not guarantee future results.
Long
by MoonTradingForecast
SasanSeifi|Metis Analysis: Potential Breakout Ahead? In the 10-hour timeframe, as you can see, The price has touched the downward trend line four times and is now trading around the critical $32 level. Given the previous interactions with the trend line, a breakout seems possible. If the trend line is broken, we can expect the price to rise towards targets around $35, followed by a potential further increase to the $37-$38 range after a minor correction. To understand the ongoing trend better, observe how the price reacts to the $35 level. Key support is at $29-$28. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
Metis back in demandMetis reminds me of averaging into a value stock at this point, albeit more volatile. The overall trend is definitely up, but with extreme leverage in play. For longer-term minded holders this demand zone is a great buying opportunity. For shorter-term traders this offers a great spot for swing trades utilizing other metrics. Short-Term: If I were playing this short term I would be shorting this to 74-72$, I expect another revisit to the bottom of the demand zone (red dashed line) Long-Term: Averaging in between 72-82$ over several weeks. Eventually we will retest this green Fibonacci, and thus my target of 143 which we have wicked to. There is very little resistance past this point, then onwards to 235$. Expect turbulence and fear in the coming weeks though. Some major scam wicks/brutal blood is on the horizon I feel.
Long
by Apollo_21mil