Hi Traders,
Difficult market to trade for the long term for many ALTs however with the known models, here are my thoughts for the likes of #METIS #crypto
Please give me a like and share,
Regards,
S.SAri
nothing bullish here it has even wicked very local 0.886 around $15.60 already meaning price will continue lower.
In white count w3 triggered 2.618 with 4.236 target.
Guess where orange count's 4.236 will lie?
Coincidence?
Major 0.886 is the place to buy, slightly above ideally
60% bargains ahead!
Hold my beer pls
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No financial advice, do your own...
An extremely volatile asset associated with Vitalik Buterin's mother. The asset has broken the descending channel and, following the history, has the potential for a sharp upward movement by 100%.
Looking at LOG scale here and the answer would be: no
It will all be about holding local 0.886 @ $16.21 / intermediate 1.886 @ $13.48. A break below would mean breaking major 0.618 and dictate lower prices around major 0.786/0.886.
Also since 2.618 was taken on w3 down, expecting w5 to hit 3.618/4.236
Given the insane 2021 run Metis had, a healthy correction...
Metis is a layer 2 scaling solution which was in a lot of hype recently.
It's a good project with good ecoystem
I wont ape in hard in this tho.
Cheers.
