Metaverse Strong Growth Against Bitcoin

On the 24th of June, Metaverse formed a double bottom at 7820 satoshis, after which price went up sharply, resulting in a 160% growth against the Bitcoin . Price has found the resistance at 20900 satoshis, where it has rejected the 38.2% Fibonacci retracement level.

But at the same time ETP / BTC broke above the descending channel and closed above the 200 Moving Average on the daily chart . This could mean the beginning of an uptrend, with the strong upside potential.

Still, the corrective move down could take place, especially after such a strong growth. ETP could decline towards 38.2% Fibonacci support at 15875 satoshis, and perhaps even lower, prior to the uptrend continuation.

There are two scenarios where investors could take advantage of the potential uptrend. Either wait a corrective wave down, the rejection of the Fibonacci support, or trade the breakout above the current resistance level .
Comment: just a perfect rally on ETP


Looks like ETP is soaring towards last resistance. Any update about analysis appreciated.
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