#METIS/USDT#METIS
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, this support at 14.73.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 18
First target: 19.78
Second target: 22
Third target: 25
Metisusdtperp
METISUSDT Breaks Out of Descending Channel: Bullish Rally ExpectMETISUSDT technical analysis update
METIS has broken the descending channel resistance line on the daily chart and is now preparing to break the previous higher low. If the price successfully breaks the previous higher low, we can expect a strong bullish move. Additionally, the price is about to cross above the 100 EMA on the daily chart.
Regards,
Hexa