Londinia Opportunities Analyses - 04/23/2024 (GMT) METIS TOKEN - METIS/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	METISUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 67.82 USDT

My targets

70.74 USDT (+2.64%)

72.68 USDT (+5.46%)

My analysis

The bullish trend is currently very strong on METIS TOKEN - METIS/USDT. As long as the price remains above the support at 67.82 USDT, you could try to benefit from the boom. The first bullish objective is located at 70.74 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 72.68 USDT as an objective. Crossing it would then enable buyers to target 96.36 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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Additional analysis

Quotes

The METIS TOKEN - METIS/USDT price is 68.92 USDT. On the day, this instrument gained +0.73% and was traded between 65.98 USDT and 70.14 USDT over the period. The price is currently at +4.46% from its lowest and -1.74% from its highest.

65.98

70.14

68.92

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this 1H chart of METIS TOKEN - METIS/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	59.01	64.03	67.82	68.92	70.74	72.68	96.36
Change (%)	-14.38%	-7.10%	-1.60%	-	+2.64%	+5.46%	+39.81%
Change	-9.91	-4.89	-1.10	-	+1.82	+3.76	+27.44
Level	Intermediate	Minor	Minor	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.11	62.70	65.56	68.15	71.01	73.60	76.46
Camarilla	66.92	67.42	67.92	68.42	68.92	69.42	69.92
Woodie	60.25	62.77	65.70	68.22	71.15	73.67	76.60
Fibonacci	62.70	64.78	66.07	68.15	70.23	71.52	73.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.11	49.77	58.55	63.21	71.99	76.65	85.43
Camarilla	63.64	64.88	66.11	67.34	68.57	69.80	71.04
Woodie	47.18	50.80	60.62	64.24	74.06	77.68	87.50
Fibonacci	49.77	54.90	58.07	63.21	68.34	71.51	76.65

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.84	42.30	72.68	111.14	141.52	179.98	210.36
Camarilla	84.13	90.44	96.75	103.06	109.37	115.68	121.99
Woodie	-0.20	40.28	68.64	109.12	137.48	177.96	206.32
Fibonacci	42.30	68.60	84.84	111.14	137.44	153.68	179.98

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.54
MACD (12,26,9):	0.2500
Directional Movement:	14.46
AROON (14):	35.71
DEMA (21):	68.19
Parabolic SAR (0,02-0,02-0,2):	66.64
Elder Ray (13):	0.79
Super Trend (3,10):	66.24
Zig ZAG (10):	68.72
VORTEX (21):	1.0000
Stochastique (14,3,5):	71.70
TEMA (21):	68.26
Williams %R (14):	-33.72
Chande Momentum Oscillator (20):	2.22
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	1.48

MA7:	64.03
MA20:	73.24
MA50:	91.91
MA100:	91.98
MAexp7:	68.39
MAexp20:	67.90
MAexp50:	67.35
MAexp100:	65.95
Price / MA7:	+7.64%
Price / MA20:	-5.90%
Price / MA50:	-25.01%
Price / MA100:	-25.07%
Price / MAexp7:	+0.77%
Price / MAexp20:	+1.50%
Price / MAexp50:	+2.33%
Price / MAexp100:	+4.50%

Quotes : - Real time data - Cryptocompare