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Meta, 9 Nov. Elliott Waves | Gann Levels | GeometryFB bounced precisely on the 0.5 Fib retracement (large blue box) of the previous wave 3 (yellow count). The breakout of the descending wedge gave us confidence to re-enter the trend. The metaverse narrative is driving price at the moment. At a later stage we will see that the metaverse idea may fail for several reasons, but that time is not now. When euphoria rules, we just go with the euphoria. Elliott: An ABC (blue count) is likely completed, so that we can expect wave 5 (yellow count) to unfold. If correct, this will lead to new ATHs for Meta. Currently we are in wave (i) so that a deep retracement is possible. Below 318 the bullish idea is invalidated. Gann: Support: 312 Resistance: 370 Correlations: Yield approaches a diagonal support at 1.500 where it could reverse. This would further strengthen DXY and hurt QQQ. QQQ itself appears to be re-accumulating to go higher at this point. How I trade it: The blue box is the 38-65% retracement of the current wave. If wave (ii) retraces into this area, we get a good risk/reward opportunity to add long exposure. The idea is to participate in a wave (iii). ___ In my analyses I combine Elliott waves and Gann theory to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to write options when markets range and volatility contracts. BTO = buy to open STC = sell to close STO = sell to open BTC = buy to close TD = Theta Decay (for example a strangle or iron condor) Disclaimer: The views and ideas expressed in this analysis are that of the maker, they are provided as educational information and do not constitute financial or trading advice.
NASDAQ:METALong
by UnknownUnicorn12250317
Facebook | Meta |Fundamental Analysis | MUST READ ! ! ! 🔔Social media titan Facebook, now Meta Platforms, has recently been in the midst of a whistleblower scandal. A former employee made allegations against the company. This drama is just the latest development for Meta, which has become a lightning rod for debate. Investors may be seeking to figure out if the company's best days are over, particularly as Facebook's platform becomes less and less popular with younger users. Let's try to look away from the noise to see if Meta is a smart investment today. The company is under pressure after Frances Haugen made allegations about the way the company does business. According to the whistleblower, the company's algorithms encourage the distribution of sensational, misleading, and controversial content that is useful for engagement but likely harmful to users. Haugen also cited leaked research showing that Instagram, one of Meta's platforms, harms the mental health of young users. One study found that suicidal thoughts increased among teenage girls in the U.K. after using Instagram, and another study found that it contributes to eating disorders. These findings have prompted intense examination from politicians, who are asking for regulation of how Meta does business. Regulators have a lot of power and can do all sorts of things to the company, up to and including its complete collapse. Meta is also a pioneer in the social media industry; its FB app is one of the oldest platforms in use today. Over time, Facebook's popularity among younger users has declined, ceding the lead to apps like Snap and TikTok. While Meta's Instagram platform is still popular, it's fair to question whether Meta is on the decline. If we pay attention to the company's results, Meta proves that it is one of the most successful business models in the world. The company recently reported third-quarter 2021 results, its first full quarter after Apple implemented iOS privacy policies, making it harder for ad businesses like Meta to track its users. The company continues to do well despite all the drama, political threats, and pressure from Apple. In the third quarter, the company increased the number of daily active users by 6% year over year to 1.9 billion, and the average revenue per user rose 27% to $10.00. The increased number of users and higher revenue per user drove Meta's third-quarter revenue growth by 35% year-over-year to $29 billion. The company is also extremely profitable, converting nearly 33% of that, or $9.5 billion, into free cash flow. With $58 billion in assets on its balance sheet, Meta has a lot of cash on hand and has announced a massive $50 billion stock buyback program. The company recently announced a rebranding to the name "Meta" to focus its energies on developing the Metaverse. This is a space where the physical and digital worlds can interact in the future. The company is splitting into two main segments, one of which will be Facebook, Instagram, WhatsApp, and the rest of Meta's apps. The other is Reality Labs, dedicated to Metaverse, Oculus, and other virtual reality projects. Metaverse could one day become a whole new digital economy, and CEO Mark Zuckerberg talked about a digital world where non-gaming tokens, virtual goods, and advertising could be new possibilities. Explaining the company's rebranding, Zuckerberg specified that it would take years to implement. Meta could spend at least $10 billion on its Metaverse business this year and is likely to spend tens of billions of dollars in the subsequent years. The company's stock has fallen over the past five weeks amid the whistleblower story. Analysts estimate that Meta's earnings per share (EPS) could be $14 for all of 2021, which values the stock at a projected price to earnings (P/E) of 23.1. It is a small premium compared to the P/E ratio for the S&P 500, which is 21.3. Nevertheless, Meta's predicted 2021 earnings are up 37% from last year; projected earnings per share of $14 are up 39% from 2020. One could argue that this growth rate should provide a premium over the broader market, making Meta stock engaging at these levels. Patient investors can continue to benefit from the profitability of Meta's existing business, while Metaverse may one day take the company to new heights. Regulation remains a likely menace, but Meta's growth potential is hard to ignore.
NASDAQ:METALong
by FOREXN1
5
Major Support for MANADecentraland. A crypto that has many applications that are similar to the new implementation of the metaverse to Facebook's portfolio. This could pose as a viable competitor to Facebook which they would either attempt to buy out (they already have their own crypto) or use some of their tech to help them achieve what Decentraland has already. The pattern shows that it's reaching 61.8 Fib level which is a major level when rebounding (potential dead cat bounce but doubtful). The 50 EMA is also showing support in this area. Price has consistently rejected this area and the catalyst of Facebook potentially releasing more news about Metaverse tech could be what this crypto needs to continue to rocket past previous all-time highs!
BINANCE:MANAUSDLong
by JakeBrandonCastro
decentraland MANA - one of top NFT coin. Meta for facebook??Decentraland is built for content creators, businesses and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment. MANA is an ERC-20 token. This means it is based on the Ethereum blockchain. with the rise of META by facebook, how far will the kind of metaverse coin will g. Rank #42 Token On 339,981 watchlists Decentraland Price (MANA) $2.56 7.94% 0.00004163 BTC7.50% 0.0005688 ETH7.53%
by doqstrader
Square Ponzied - Jack Pump - Silicon Valley Sham - BTC No NeedThe network effect & stablecoins thrown into an #echochamber of advertising. Nasty. Profits over people with #shadowbanking & #feevultures. Buy now pay later bla bla. Show me a fiduciary please. JPow already said that Bitcoin is "not needed". Therefor, no need for the middleman to take percentage of moving it!!! Just need a personal wallet to send & receive #CBDC!!! bye bye middlemen payment platforms!!!!! $FB Libra Anyone?? nasty. META? nice try Zuck!! We remember. Go Gary G! Thanks for #digidollar #CBDC JPow & company. lol The #metaverse is real. Go Brave Browser!!! $BATX #cannabisreform #thegem Jobs & Justice Akerna $KERN has the COMPLIANCE DATA SOFTWARE!! GL
NYSE:SQShort
by EpicEconomics
1
FB / META making a come back?+ FB bounce back above 200MA (yellow line) +MACD crossed up (although below zero line) + currently sitting at 20MA (red line) + hammer alike candle immediate resistance at $340 (gap resistance) Next R $350 ( 50&100MA) SL if $320 violates. _Please be informed that our analysis is based on historical DATA to predict/forecast upcoming movement, our bias may change due to market conditions. _ Disclaimer: Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative. You are responsible for your own risk management Do Your Own Due Diligence
NASDAQ:METALong
by EL_STOCKTROOPER
Virtual vs Real Estate - The Metaverse, NFTs, and Induced DemandMANA tripled in price as of the last few weeks. After China's real-estate market took a nose dive this year, a lot of people are anticipating the same might occur in the US in the near future as the repercussions of the former start to affect the latter. Noone is quite sure what's actually going to happen, but so far the forecasts haven't been looking too good for US assets and the USD in an overall sense. (Video link below for visuals, examples, and tours of the ideas below.) At the same time, we've seen a renewed interest in "virtual real-estate" -- even Mark Zuckerberg is talking about the "metaverse", so to speak. Are we about to see a spike in demand in these platforms in the near future? I do think that the future of crypto is not making money off of coins themselves, but taking a risk on the products built underneath them. Some quick impressions of each metaverse: Cryptovoxels - It looks and feels like "crypto Minecraft" -- the interface is a little rough and the loading times can sometimes be too much, but it does have a lot of energy and inspiration behind them. Kind of like what the "art districts" used to be like in the real-world, I think. Decentraland - been around the longest and it does show. They have onboarding tutorials, the UI isn't perfect but it's mostly worked out, and has a nice balance between goofyness and a professional development. (You can find the DOGE museum in the museum district there, for example.) But the rent here is not cheap, at least from what I've seen so far. (This is the site that uses MANA, btw.) Somnium Space - this metaverse feels like it was built by a bunch of MBAs who worked for a real-estate company prior. The listings, marketing, and style of it feels that way too -- and they're listing themselves as a "high-end" product so don't expect it to be cheap. But it does have a professional and clean feel to the whole thing, which may work for some. The SandBox - I didn't mention this in the video since they don't seem to have a working demo yet, but they have been successful in raising funds from investors as of this week. How they do, is TBD. But it's also proof that there is interest in the space even from an investor's standpoint. -- It's interesting looking at this stuff because the process of buying a "virtual home" itself isn't too different from what you'd do in the real world. (All the way down to height limits too. 😩) The parcel listings look almost exactly like you'd see at a real-estate company, even. But the political/cultural angle of these trends are interesting, also...historically, arts communities typically get pushed into less expensive neighborhoods as a matter of survival. But eventually their creativity and energy makes it a "cool" place to be, driving up demand. Because of NIMBYism and poor housing/zoning policies in the US, there's literally nowhere for the artists to go...so it seems like many of them have turn to virtual spaces as a place where they can control and present their works. I've long maintained that real-estate is a pretty overrating thing, especially in the US, but never really thought about the possibility of virtual-estate being a direct competitor to the real-estate sector until recently, really.
COINBASE:MANAUSDLong
by RyanTanaka
1
Metahero (HERO) Will Grow! A Revolutionizer In Gaming The metaverse trend will be a trend throughout the rest of this decade and we haven't even left the start line. Facebook changing it's company name to "Meta" is only the beginning. Metahero is Ultra-HD metascanning technology that scans your physical body into the metaverse. You can even make an NFT of your "metaself." They're technology will revolutionize the gaming world and they have a working product in use. Recently they have scanned over 300 people transferring them to the metaverse in a live event in Dubai. Metahero is at $0.15 cents with less than a billion dollar market cap at $893,026,038. This is a multi-billion dollar market cap in the future of metaverse gaming. Keep this on your radar and do research! The metaverse trend will only continue to grow in cryptocurrency. Much love! They have a nice uptrend on the charts. Support: $0.11 cents Resistance: $0.17 cents
HLong
by peacefuljustin
7
META Platform - Metaverse Mark Zuckerberg's recent announcement that Facebook will be renamed Meta has sparked a lot of buzz around the topic. The metaverse is an iteration of the Internet portion of virtual reality often in the form of social media. The metaverse in a broader sense can refer not only to virtual worlds governed by social networks but to the entire spectrum of augmented reality. Zuckerberg changed the name of the company only, not the brand of the social network. Let's remember how Google became Alphabet 6 years ago. It's the same thing. What is important is something completely different. How many of you watched the Meta presentation, the primary source of information on what's going on? I think only a few people. In this presentation, the most important information - what is (more or less) specifically invested in the concept of "METAVERSE" in the thoughts and plans of Facebook. An hour and a half of study can affect what you do for the next 20 years. No kidding. We are on the verge of a breakthrough. Up or down is another question. I have doubts whether a person should take on the role of the creator of new worlds. What exactly is a new big thing that opens up opportunities to jump on a train when it is just starting to move. Therefore, I advise you to watch the presentation! This investment can open up completely new horizons. fb.watch During isolation, many people will be willing to try to realize themselves in a new world, re-create themselves (avatars) in the meta-reality and do something. I think this idea will appeal to many people, especially young people who play computer games. Therefore, we are moving along the trend. A very good example of what is happening now is the Ready Player One movie. It is a 100% reflection of today's trend. This is not the future that was predicted 50 years ago, but it is one of the variations.
NASDAQ:METALong
by EXCAVO
83
THE Sandbox (SAND) In Accumulation Again SAND has had an amazing pump and interestingly most of the price recognition is occurring at $2.65 cents since the pump. point of control is at Aside from Decentraland (MANA) The Sandbox is the premier Metaverse with many partnerships and even celebrity social recognition. Only a $2,344,562,929 Market Cap at the time writing. I believe SAND will continue to grow throughout this month. We're still in the very beginning of the gaming and metaverse trend. Especially since the Facebook announcement. Keep SAND on your radar throughout the rest of the year. Current local support at $2.50 and keep in mind we're in price discovery phase. Much peace, love, health, and wealth!
FTX:SANDUSDLong
by peacefuljustin
DATS -- Bottoming ahead of national marketing campaignDATS has released a privacy-focused social media app DatChat into the wild with another major rollout planned for this month to go along with the national (US) marketing campaign through Barstool Sports and other major online influencers. App features include screenshot protection, beefed up privacy/security features, self-destructing messages, Apple iMessage integration and many more. Company owns a number of patents that protect its IP. With Facebook and other social media companies facing scrutiny over their usage of private data, this is a perfect environment for new player to come in and to show they do things differently. If stars align and this new app/social network goes viral, sky is the limit given the minuscule $163M mkt cap. For some reference, WhatsApp was acquired by Facebook for $19B USD! Company has over $20M in cash, so there's no need for immediate dilution. Bottoming chart with strong trendline support. Very similar setup to the previous two times it hit that line before going on a major run. Selling is drying up and MACD is starting to curl for a potential bullish cross. Double Bottom pattern. Successful breakout through previous high would trigger $28 - 30 technical target. This is a potential multi-bagger from current levels.
NASDAQ:DATSLong
by wealth_bakery