Metaverse ETP vs Bitcoin - Downside Target Reached
Since 5th of January, after reaching btc 0.00042 high, Metaverse has been going down, slowly but steadily. ETP/BTC broke below the uptrend trendline and the 200 Moving Average simultaneously.
Fibonacci applied to the trendline breakout point shows that today Metaverse has finally reached the downside target at btc 0.00013 while forming the bullish divergence on the RSI oscillator at the same time.
This could be in fact the very bottom of the Metaverse which could result in a beginning of a long-term uptrend. However for this to happen the support must be respected and the downtrend trendline must be broken.
Fibonacci applied to the trendline breakout point shows that today Metaverse has finally reached the downside target at btc 0.00013 while forming the bullish divergence on the RSI oscillator at the same time.
This could be in fact the very bottom of the Metaverse which could result in a beginning of a long-term uptrend. However for this to happen the support must be respected and the downtrend trendline must be broken.
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Metaverse breaking the downtrend trendline
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