$Metis falling wedge

26 בדצמ׳ 2023

METISUSDT Consolidating in an apparent trend...

Blue line and blue box show the converging falling wedge, in association with falling volumes - high liklihood of a continuing upwards breakout.

On the downside - if blue box is broken it will then form support and I would expect price to trend lower with 20-50 SMMA on 4hrly chart.

Given upcoming catalysts, EDF, V2 HERMES etc... we would need to see a serious sentiment shift to take the negative route.

We'll see.

How I'm trading this: I'm not - Sitting in spot MMETIS - let the market show its intentions

27 בדצמ׳ 2023

עסקה פעילה

Well, happened faster than expected - wedge broken - upside continuing...