METISUSD Double Bottom at Triangle Support!METISUSD has been trading inside a symmetrical triangle for the past 1,400 days. The price is currently sitting at the triangle support and forming a potential double bottom pattern. The double bottom can be confirmed once the price breaks the neckline resistance zone. If the price breaks this key resistance zone, we could expect a 100%–250% bullish move toward the triangle’s upper resistance
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BINANCE:METISUSDT SEED_DONKEYDAN_MARKET_CAP:METIS
METISUSD trade ideas
METIS CAN FLY !#METIS made a sharp rise along time ago but after that rise the market was in bearish phase for a long time the main bearish waves were ABC and also fibo made a demand on them to make the 1 st rising wave and then the 2nd wave apeared but with an descending wedge and that another signal for ending of bearish phase
but we can be sure of rising before hitting the confirmation so wait
METIS is a racket (3D)METIS now seems to be in wave c of C, which is a bullish wave.
The targets of this wave based on the big wave A and wave a of C can be very attractive.
The time frame is 3 days, which means that this analysis needs time to be realized.
The green area is our BUY area.
Closing a daily candle below the invalidation level will violate this analysis
invalidation level: 28.08$
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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entry... $30-35
exit... $240-313
METIS Surges After Announcement of Ecosystem Development Fund
The Ethereum Layer 2 scaling protocol Metis has dedicated 4.6 million $METIS tokens toward the new Metis Ecosystem Development Fund. The Fund will begin disbursing grants in the first quarter of 2024.
The Metis Ecosystem Development Fund was allotted 4.6 million METIS, worth over $100 million, that will be used to fund grants for dApps, sequencer mining and other product development projects, the protocol said in a statement. Metis will begin giving out funding starting in the first quarter of 2024.
Metis aims to be the first fully decentralized Ethereum Layer 2 by the end of 2023.