Roundhill Ball Metaverse ETF is Hitting a New All-Time High: Technically Speaking by Dwight Galusha

Price action of the Roundhill Ball Metaverse ETF (META) is very bullish and suggests the beginning of an uptrend

Dwight Galusha | November 3, 2021 | SmallCapPower: The Roundhill Ball Metaverse ETF (META) is breaking out to a new all-time high (with massive volume) off the back of the Facebook name change news. This price action is very bullish and suggests the beginning of an uptrend for this new metaverse investment theme.

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The Ball Metaverse Index is the first index globally designed to track the performance of the Metaverse, which is defined as a successor to the current internet that will be interoperable, persistent, synchronous, open to unlimited participants with a fully functioning economy, and an experience that spans the virtual and ‘real’ world.

Bloomberg Intelligence believes the market opportunity for the Metaverse can reach $800 billion by 2024.

META ETF may provide exposure to companies developing infrastructure essential to the Metaverse, such as Cloudflare and Nvidia; gaming engines responsible for the creation of virtual worlds, including Unity and Roblox; pioneers in content, commerce, and social for the Metaverse, such as Tencent, Sea and Snap, and; the support of digital payment processes and operations, which includes fiat on-ramps to pure-play digital currencies and financial services.

Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com

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