I think NFT's are close to longterm bottomMVIWETH is a metaverse index for NFT's, seems like peak mocking of NFT's which is always a good sign when looking for bottoms. Add to that I think crypto is bottoming here longer term I think it's a good time to load up or hold your favorite NFT's, they should get over previous ATH's by the end of
MVIWETHThis index is related to Metaverse projects
As you can see, Metaverse, Game, and NFT projects are moving downwards in a channel, but at the top of the channel
We have to see if they can break the roof of the channel this time
It is not clear yet, and of course there is no news about the past hype
If
Metaverse Index Gartley + Butterfly above inflection zone SAND and MANA have been absolutely on fire with the market trending down last few days, ive been waiting for this index to get hot and everything we look for is here. Completely above the critical inflection zone. Bullish Hammer candlestick at the PCZ of a huge gartley and a smaller butterfly. Diver
Metaverse Vs EthereumWhile the tech behind Meta-universe is improving rapidly, price of the tokens has been consolidating since the end of November. Most of the tokens are holding around their support levels against Bitcoin and Eth. We may see one more leg up in metaverse as the Bitcoin price gets steady.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy