FB isn´t done falling FB had a bad day today. But this is not the beginning of its fall, it has been falling for about 15 days. Therefore, it may keep falling down to the 300 USD.
Facebook (FB) UpdatesFacebook (FB) Updates
Important pull-back of Facebook in September, which lost 11% from the highs reached on 10th.
The return to the 200 moving average, a key level for institutional investors, last touched in March of this year (obviously speaking of timeframe Daily) is happening.
Facebook, like Apple, is very closely linked to the Nasdaq and if we analyze the QQQ trend, we can clearly see the almost identical correlation of the last period.
Therefore physiological pull-back and linked to a generalized discharge of the Nasdaq.
If the price were to reverse before the average, we would have a new uptrend line to take into account.
On Facebook, whoever follows me knows, I have a long-term strategy, and every now and then I bring home the profits and then reinvest precisely in the moments of correction.
So, in my view, the interesting levels to enter or accumulate are:
- 334.70
- 315.70 (the level where I set my accumulation)
- 300 (very important level, tested several times as resistance and support, as well as psychological).
Always bearing in mind that the simple moving average 200 remains a moving level, as important as the volumes.
My position is attached, as always.
Happy trading
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
FB POSSIBLE ACCUMULATION DISTRIBUTION, PRICE STUNNED SIDEWAYS!Hello my beauties.
It seems like FB has just entered a range. It gave us a PSY (the price hesitated strongly in preparation for a new phase) and it is probably going to fall down to support before giving us further information. It is hard to establish what will happen next as it is too early to make out whether we are in a bullish scenario or bearish, but I thought it could be a nice opportunity for those of you who like trading ranges.
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Luca, TrickleDownFX
₿ ADAUSDT 1D ₿ : 29.Sep.2021 (Update)As we can see, the price is attacking its support level, if it loses this level, the next support is in the range of $ 1.8 to $ 2. We have to see if these protections can stop the price from falling further or not ... Of course, considering the trend that Bitcoin has taken, I expect the price to experience a further fall ... The market is no longer Bullish ... BINANCE:ADAUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 29.Sep.2021
⚠️(DYOR)
FB a consolidation phaseHello, Facebook is bullish in daily, weekly frame.
but in daily, FB is in consolidation phase, with a signals of trend weakness :
Support 365 is breaken on closing yesterday
cross between tenken and kijun.
the resumption of the trend will be after the break of the kijun (367)
for who is in I think is better to sell.
The buyers must wait the resumption of the trend
XAUUSD 4H TF : 29.Sep.2021 (Update)Well, as we can see, the price worked exactly according to our analysis last night and started to fall again, this analysis is more of an educational aspect that you learn the importance of extending trendlines and according to it you can get good profitable positions. Do not look at the complicated chart, sometimes with only two lines you can get the strategy of entering the position and get a good return ... Price action is everything ...
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 29.Sep.2021
⚠️(DYOR)
Facebook, 29 SEP - Elliott waves | Gann | Astrology $FBFacebook appears to unfold in 5 waves to the downside (green count). Gann level 338 provided support during yesterdays selloff.
Further upside would indicate that wave (a) is potentially complete and we may prepare ideas to participate in wave (b). Higher entries keep us safe if our assumption is wrong, and they give FB time to further consolidate and improve our probabilities.
Should wave (b) unfold, we might target the 50-60% retracement of the previous wave at 366 Gann level (blue box), where the 20 Day MA is located as well.
If price declines further, wave v of (a) is not complete yet and we may look at the next Gann level 329 for potential support.
Mars continues to form a trine with natal North Node which can be interpreted as problematic, however Mars sextile to natal South Node on 1 OCT at 0.0 orbit adds a bullish element.
Correlations: DXY continues its exceptional strength as yield spiked, but Gold and Bitcoin has started to rise again, which could be an early indicator that USD may begin to slow. EURUSD is at support level as well. A declining USD would help the yield-sensitive tech sector to retrace the last selloff.
______________
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These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell 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.
₿ DOGEUSDT 4H ₿ : 28.Sep.2021 (Update)Well, the price is still weak to break its resistance, which is quite normal considering the trend that Bitcoin has taken. We still have to wait for Bitcoin to set its course. BINANCE:DOGEUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Sep.2021
⚠️(DYOR)
₿ LTCUSDT 1D ₿ : 28.Sep.2021 (Update)Well, as we can see, the price is still stuck in the $ 140 support range, and if it removes its dynamic resistance, it can rise to $ 200. If this support is lost, the next support is in the range of $ 110 .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Sep.2021
⚠️(DYOR)
₿ BTCUSDT 1D ₿ : 28.Sep.2021 (Update)Update : Well, as we can see, the price still maintains its X Point support and is in a strong support range ... Currently, the market is in the sideways range and does not follow a specific trend ... we have to wait for the failure of one of the two Levels of support or resistance to create a trend.
COINBASE:BTCUSD BINANCE:BTCUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Sep.2021
⚠️(DYOR)
FACEBOOK : 28.Sep.2021 Well, as we can see, the price has already reacted positively to its static support, it remains to be seen whether it can break this support or not ... In case of failure, the next downtrend support is in the range of $ 330 . NASDAQ:FB
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Sep.2021
⚠️(DYOR)
Facebook: Rally is expected after a tiny correction 1st buy zone: $330
2nd buy zone: $300
Target: $470
Facebook is moving in the rising channel. It broke through the median line and heads toward the bottom one as the price corrects after it got rejected from the 1 Fibonacci Extention level ($384).
At the moment it is in the 4th wave of Elliot Wave Theory, which will be finished at either $330 or $300 level.
The target for wave 5 is $470.
As yesterday the price met 0.786 Fibonacci level and today (28.09) the as S&P500 feels bad we await the price to get rejected from this level and move towards $330.
FB longEntry price: 337-342$
Target price: 377-384$
Candle pattern: Bullish Harami
Keltner Channels: the price beyond the lower band
RSI: indicator approached the 30 level, therefore the market is close to be oversold
Conclusions: RSI, candle pattern and Keltner Channels suggest the trend reversal. Thus, the long position is recommended in the support zone.
No financial advice