$Metis falling wedge
Updated
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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