Metadium Clear Uptrend (Next Target Mapped + Support Levels)

21 apr 2020

Metadium (METABTC) is on a clear uptrend, prices are now bouncing off EMA100/EMA50 and moving back above EMA10.

This can be just a bounce that leads to a lower high and more red... But knowing the market cycle we are in, the hidden bullish divergence and the move above EMA10, it is possible that a higher high will hit before the retrace.

Anyways, the important support levels are marked on the chart just in case.

• Below EMA100 goes bearish.
  
• Below MA200 blood/red.
  

Above these two levels, we remain bullish all the way.

Within the ascending channel, we aim for a higher high next marked with a dashed magenta line.

Namaste.