Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Meten EdtechX Education Group Ltd. (NASDAQ:METX) shares were trading on increased volume in Friday’s trading session amid a company report of increased gross billing from its Junior ELT, or English language training, business.
Meten Edtech X Technical Levels: The 15-minute chart below shows two potential key levels. The price level at $2.20 is where the price has previously found some support and could be a potential support level going forward.
The price level of $2.80 has previously held the price below and acted as a resistance level. To a technical trader, this means that it could potentially hold as a resistance level in the future.
Bullish technical traders would like to see a move above the resistance with a period of consolidation before another upwards move may be possible.
Bearish technical traders would like to see the support break with a period of consolidation below. This could allow a further downward move.
The daily chart is showing that the price is trading in what technical traders would call a channel between two different price levels.
The top price level near $3.40 has acted as a resistance after it broke through support in the past year.
The price is now having trouble closing above this level. Another potential key level is the $1.80 mark. The price has bounced off this price and moved higher multiple times in the past.
A bullish technical trader would like to see the resistance level break with a period of consolidation above before a further move higher.
A bearish trader wants the opposite. They would like to see the speculative support level break with consolidation before a possible further downward move.
Meten EdtechX has a market cap of $34 million and a public float of 13.2 million shares.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!