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METISUSDT trade ideas

$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 - the route to an ATH As GATEIO:METISUSDT continues its rise - it has blasted through the resistance at around $80-$85 resistance band, I expect this to become a support (if needed - *doubtful at present). There is nothing but air between here and ~$100 where we will meet both a zone of prior support / resistance but also the psychological level of 3 figures... > Expect to see some chop between $99 - $110 or thereabouts. If we break that zone and flip it - with continuing volumes - next zone is around $125, followed by a weak zone at around $135. The REAL test though if the momentum continues will be breaking the $150-170 gap - heavy zone of resistance on the way up. I'll update as (*if) we approach that zone...
Long
by Flyte-X
$Metis falling wedge GATEIO:METISUSDT Consolidating in an apparent trend... Blue line and blue box show the converging falling wedge, in association with falling volumes - high liklihood of a continuing upwards breakout. On the downside - if blue box is broken it will then form support and I would expect price to trend lower with 20-50 SMMA on 4hrly chart. Given upcoming catalysts, EDF, V2 HERMES etc... we would need to see a serious sentiment shift to take the negative route. We'll see. How I'm trading this: I'm not - Sitting in spot $METIS - let the market show its intentions
by Flyte-X
$METIS - Where is this going...GATEIO:METISUSDT is blasting through - The flywheel being proffered by the METIS-Eco Development Fund is the main driver - As is shifting $$$ from SOL rotatooors... Re. EDF - the specifics are going to be revealed on the 3rd Jan -> appearance of "points" system that will "maybe" relate to some unlockable value - - - maybe not > hence this date is a bit of a risk However given the EDF is denominated in $METIS (~6m tokens potentially) as the price has shot from $20 to $70 the value to the chain, developers and users has ballooned from $120m to $420m The pressure is here... Price is not yet in discovery so we have some Support / Resistance bands to utilise - however the price is shooting through them fast. First major price point was around $45 (taken), next was around $64 (taken), next will be around $83 and finally $105. How I will be trading this > Look for weakness around those price points - particularly as we approach 3rd Jan Whilst Crypto is often a "sell the news" space - dependent on the announced EDF program - this may be inversed, a "buy the sell the news" pressure.... We'll see...
Long
by Flyte-X
3
METIS Price Surge Alert! The Path to Financial Freedom Starts.****Quick Overview of Metis Coin** Metis is a layer-2 scaling solution for Ethereum that focuses on enabling developers to build dApps with high throughput and low transaction fees. It utilizes the optimistic rollup technology, which batches transactions off-chain and periodically submits them to the Ethereum mainnet for validation. This approach allows Metis to achieve significantly higher transaction speeds than Ethereum while maintaining security. **Fundamentals of Metis Coin** * **Tokenomics:** The METIS token serves as the governance and utility token of the Metis ecosystem. It is used for paying network fees, staking to secure the network, and participating in governance votes. * **Developer Community:** Metis has a growing and active developer community, with many projects already building on the platform. The team is actively working to onboard more developers and make Metis a more attractive platform for dApp development. * **Network Adoption:** Metis has seen steady growth in network usage over the past few months, with the number of transactions increasing significantly. This suggests that the platform is gaining traction among both users and developers. **Recent News Updates** * **Metis Integrates with Chainlink oracles:** Metis has integrated with Chainlink oracles, which will provide real-world data feeds to dApps on the platform. This will enable dApps to be more decentralized and reliable. * **Metis announces partnership with Infura:** Metis has partnered with Infura, a leading Ethereum infrastructure provider, to make it easier for developers to build and deploy dApps on Metis. * **Metis launches Metis Studio:** Metis has launched Metis Studio, a development tool that makes it easier for developers to build dApps on the platform. The tool provides a drag-and-drop interface and a suite of pre-built components. **Disclaimer** Please note that this is not financial advice and you should always do your own research before investing in any cryptocurrency. **Additional Notes** * Metis is still under development and is not yet as mature as other layer-2 solutions. * Metis is facing competition from other layer-2 solutions, such as Optimism and Arbitrum. * The price of METIS token is volatile and could experience significant fluctuations. Please invest with caution.
Long
by MoonTradingForecast
SasanSeifi 💁‍♂METIS/ USDT DAILY Hey there! By analyzing the METIS chart on the daily timeframe, as you can see, the price has shown positive fluctuations from the support zone at $11. With the candlestick behavior, one could anticipate that following minor oscillations and maintaining the order block range of $11.80 / $11.50, we can consider price targets of $14 and $15 in the supply zone. ✨What's your opinion? Do you agree? 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ 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
50% Upside Long for $METIS $METIS has just blasted through 200 SSMA on the daily - double retest and is ready to send! Trading this as follows: > If price clears Resistance one (R1) - FULL SEND to TP#1 then TP#2 prior to consolidation. Upside potential: 20-30% > If rejected from (R1) expect a retest of the 20 SSMA at around the overlay with the 200 SSMA, which would represent a 3rd re-test of the support - followed by explosion. Upside potential: 40-50% Stop loss at the 50 SSMA... Plenty going on chain in the $METIS eco, and $HERMES V2 coming online in next 6 weeks, KUCOIN:METISUSDT KUCOIN:METISUSDT with consolidated V3 liquidity being a potential catalyst...
Long
by Flyte-X
metis buying zone I see that the red zone as a good zone for buying metis .(for investment only) if BTC bottom at 14-10 k , metis would bleed more with the other ALTS . not a financial advice , only for entertainment purpose . Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for example 30% now and the rest when prices reached the area mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine .
Short
by youyousag
4