In this analysis, we intend to examine the metavers tokens along with its index. The sand token has been moving in an ascending channel since 2020. If we look carefully at the chart, this channel consists of spikes and corrections and the trading range.
Every time the price hits the ceiling of the channel, buyers leave their trades and make a profit. The price always likes to move according to its past.
Most ascending channels will end in their third swing and will be broken in the downward direction.
2022 is a great year for metavers projects, most of which have given 1000% returns to their investors.
We expect the price to continue its downward trend until the end of the channel
The area where most investors buy
In 80% of cases, 3 swings are formed in the ascending channel and then will be broken in the downward direction
So we should expect the price to enter the third bullish swing after the correction
1(index metavers)
If you look at the chart below, at first it experiences a heavy fall, then the price finally stops in an area. Buyers enter the floor of the area and hold the price for a while.
Initially, the price is moving within an uptrend channel. Metavers tokens have not yet experienced high growth and are moving slowly.
One day, the Facebook manager decides to change the company name to meta, and this move caused the metavers tokens to be hype on social networks. Buyers with this move, Facebook
They buy metavrs projects and their prices are rising sharply
index metavers reached their previous level after excellent growth
It was an area where most investors wanted to exit their trades and save profit. Eventually the price will correct for a while, which is very important for market health. We expect the index metavers to grow again by the end of 2022.
1(AXS)
The uptrend ended after the canal floor failed
The price is stabilizing, we should expect it to correct for a while
2(mana)
The sand chart is very similar to the mana chart, in fact their investors are the same
But the axes chart is very bad because after a very good growth, the price has gone out of its downward trend and we should expect to enter a correction for a long time.
We expect the price of mana to continue to grow until the end of 2022 because this uptrend channel is not over yet.
Every time the price hits the ceiling of the channel, buyers leave their trades and make a profit. The price always likes to move according to its past.
Most ascending channels will end in their third swing and will be broken in the downward direction.
2022 is a great year for metavers projects, most of which have given 1000% returns to their investors.
We expect the price to continue its downward trend until the end of the channel
The area where most investors buy
In 80% of cases, 3 swings are formed in the ascending channel and then will be broken in the downward direction
So we should expect the price to enter the third bullish swing after the correction
1(index metavers)
Initially, the price is moving within an uptrend channel. Metavers tokens have not yet experienced high growth and are moving slowly.
One day, the Facebook manager decides to change the company name to meta, and this move caused the metavers tokens to be hype on social networks. Buyers with this move, Facebook
They buy metavrs projects and their prices are rising sharply
index metavers reached their previous level after excellent growth
It was an area where most investors wanted to exit their trades and save profit. Eventually the price will correct for a while, which is very important for market health. We expect the index metavers to grow again by the end of 2022.
1(AXS)
The price is stabilizing, we should expect it to correct for a while
2(mana)
But the axes chart is very bad because after a very good growth, the price has gone out of its downward trend and we should expect to enter a correction for a long time.
We expect the price of mana to continue to grow until the end of 2022 because this uptrend channel is not over yet.
