Deutsche Telekom arm partners with Germany’s oldest bank for renewable Bitcoin mining trial
Pilot Project for Bitcoin Mining: Deutsche Telekom's MMS and Bankhaus Metzler are testing Bitcoin mining using surplus renewable energy to help stabilize Germany's energy grid, aiming to gather data for future projects.
Balancing Energy Supply and Demand: The initiative addresses the challenges of excess renewable energy production by utilizing Bitcoin miners to balance supply and demand, highlighting the growing importance of blockchain technology in various sectors.
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Technical Analysis for METIS
Technical Sentiment Analysis for Metis (METIS) As of , Metis (METIS) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for METIS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, METIS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Metis (METIS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.929 | 2.439 | 3.089 | 3.599 | 4.249 | 4.759 | 5.409 |
| Fibonacci | 2.439 | 2.882 | 3.156 | 3.599 | 4.042 | 4.316 | 4.759 |
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