₿ 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.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 28.Sep.2021
⚠️(DYOR)
FB
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)
FB Elliott wave countFrom top completed wave 5 we have strong wave a, and now we have a pullback look like we are in wave b, and we expecting a wave c Break low of wave a
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
$FB almost there to bounceWe are almost there with $FB, as you can see the pattern measuring the ATR with Keltner Channels.
My target is the 3rd upper ATR after the before-seen RSI confirmation rising from below 50% and the candle being almost halfway from 1-2 ATR.
However, it might just bounce without touching the 1 ATR level as it did on Aug 04 (see rectangle)
Facebook shares face a critical challenge ahead at 355
The recent bounce at 342 will be tested at around 355 if shares are to continue back up. We also have another critical resistance level around 364 based on the previous price action indicated on the chart. Share prices could head back down to previous support at 346.75 and 338 if it fails to hold above 355
FB Long 9/23As long as this stock doesn't lose 350 we should be good to upside. 355 Buy calls above
TP 1 : 366
TP 2 : 374
TP 3 : 390
one more all time high the covid pump has to be corrected and it correlates with the correction of FB. the covid correction WILL NOT be a crash, it will be a slow correction. the market will stop correction after the next elections in 2024
Facebook .. ?NASDAQ:FB
In a summary
Recently, due to US inflation affecting most US stocks, as well as Wall Street Journal allegations against Facebook over Facebook's awareness of Instagram harming teens and Facebook's failure to take action to control the issue. The WSJ says the company prefers profit, Facebook shares fell 4% from Monday to Wednesday. With all these interpretations and other things, Facebook is not in a good position fundamentally, but let's take a look at the $ 1 trillion price chart of this company and see how the company's stock is technically doing.
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1. A very nice uptrend channel is recently broken
2. A nice short-term support zone is broken (150$)
3. Also the price has broke the EMA towards down
BUT
4. The price is still moving in a long-term uptrend (with 2 touches)
5. RSI is inside the oversold range (29) and this number has acted for a great bullish move on March 16th , 2020 , so we can be hopeful to this indicator for a bullish move
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Now let's take a look at Support levels :
S1 : 333
S2 : 302
S3 : 245
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I think for now it's good to put it in our weekly watchlist and check how the price will act in next week
also we need to check the news about the company according to problems with WSJ ect ...
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my personal opinion is that Facebook is a great and valuable company and I don't think the price will stay down for long time
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Guys if you decided to trade on this stock , consider the risk and have a good risk management and don't forget about SL
*this is just a personal analysis and this person has no responsibility of your trade and risk*
Wish you all luck guys !