METIS will get above $100 up to (+73%)METIS is working its way up to $113 a monthly level in confluency with fibonacci extensions levels and huge momentum in favor of more upside. The monthly timeframe suggest a continuation for the next months.
METISUSD trade ideas
METIS is a racket (3D)METIS now seems to be in wave c of C, which is a bullish wave.
The targets of this wave based on the big wave A and wave a of C can be very attractive.
The time frame is 3 days, which means that this analysis needs time to be realized.
The green area is our BUY area.
Closing a daily candle below the invalidation level will violate this analysis
invalidation level: 28.08$
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.
METIS Breaking out of Symmetrical TriangleMETIS broke upwards out of a symmetrical triangle.
Waiting for retest of breakout for trade confirmation.
First target is the $63.
Second target is $88.
