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 MMETIS - let the market show its intentions
Trade active
Well, happened faster than expected - wedge broken - upside continuing...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.