Gala short setup The Gala games are giving multiple indications of a sell off. The multiple timeframe OB was filled, as well as the Fair Value gap. The way I see it, the liquidation from the tripple top X has been taken; and smart money has already startet mitigating their positions from the volume profile POC
Meta
Is Meta Stock A Buy Now?Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level.
The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator.
Finally, it's worth mentioning that Meta Platforms stock FB is one of 2022’s most beaten-down large cap tech stocks. After its February earnings release, it fell 26% in a single trading day, then proceeded to decline another 21% after that.
NFTs Coming to Instagram in ‘Several Months’ Meta-owned major photo and video social network Instagram might start supporting “some” NFTs “over the next several months,” according to multiple reports, citing Meta CEO Mark Zuckerberg. He also stressed the importance of the metaverse for his company.
In a conversation at Austin’s South by Southwest Festival (SXSW) on Tuesday, Zuckerberg announced the plan without disclosing many details, saying that the feature would go live as soon as Instagram works out the technical challenges.
“I’m not ready to announce exactly what that’s going to be today, but, over the next several months, the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that environment,” the CEO was quoted as saying by TechCrunch.
Also, according to Hannah Murphy, a tech reporter at the Financial Times, Zuckerberg hopes that avatar clothing in the metaverse could be minted as NFTs.
As reported, Instagram head Adam Mosseri confirmed the NFT plans in December, detailing that the popular social media platform was “actively exploring NFTs,” and that they were looking into making them “accessible to a broader audience.”
METAVERSE - What goes down must....Holy smokes. The Zucc's FB has fell off completely although could this be slowing down gradually? We are approaching a few key levels which will be interesting to see how price reacts in the upcoming weeks, although this is for certain a good long term buy imo - with the metaverse only being around the corner this is a good opportunity.
FB (Meta) - Outlook ✅Let's see how FB (Meta) is behaving.
This is a 1D chart. (Long Term)
Fib retracement levels show that the price has consolidated for a long while in the blue area -$271- (as shown on the chart) and has turned that area into a strong resistance area. This alone can confirm that Facebook needs massive buy volumes to pass that area. For now, any price below that level is possible for consolidations.
Red area:
Our solid resistance level, which requires strong buy volumes for passing
Orange area:
Local resistance area;
Bouncing back from our local support can help us pass this area.
Green area:
For now, this support area can hold the price up.
It hasn't been tested yet, but bouncing back from this level can confirm a bullish market for Meta.
Dark Green area:
Let's say the market is bearish; we can count on this area for solid support in case of more dumps.
Support levels: $114 - $189
Resistance Area: $228 - $271
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing SELL volumes for FB.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that FB is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $200.06
Let me know your ideas.
Good luck.
FB/META under $200 will be a stealIf FB/Meta gets under $200 again in the next week and maintains trend along with hitting support around $194-$192
If you believe in VR and the metaverse, here is your chance because I don't think we see these prices again.
First, you don't want to invest in facebook, for social media. You want to invest in Meta because of data collection.
Facebook built networks and collected data world wide, and I can only imagine what the data they've been collecting on VR will be worth to other companies.
I'd definitely recommend watching Mark Zuckerberg talk about the metaverse on Lex Fridman, if you want to learn more.
META [FACEBOOK], FBSimple Trade , Positional Trade
Hopeful We Can The "Fundamentals " To Push Us UP
With The Met Being Part Of The MetaVerse , That Enough Can Assure Us META We'll Recover
I Will Keep Updating This, But With Technical Analysis We Are Looking To Fill The Imbalance And Retest The Orderblock
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Buying Opportunity In Facebook (FB)Yesterday was an epic day for FB, posting a 4.61% gain amid heavy geopolitical tension.
Here are the key levels to watch for FB going into March’s trade:
GAP, $309.53 to $248.00
2020/2022 78% Retracement, $190.55
Here's the trade:
1) Buy $205-$208
2) Stop out point at $189.00
3) Profit target anywhere in the GAP. The conservative upside target is at $248.00
With a hard stop-out point beneath $190, this isn’t a bad place to buy in and play a return to the GAP.
Meta Platforms (NASDAQ: $FB) Touching 0.786 Fib Pre-Market! ♾️Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
SLP 4H head & shoulders!would not want to long this chart, bitcoin is at 43% dominance and looks ready to break below critical resistance. would not be surprised if we start next week in the red.
Free Speech For The Win. $DWACTrading within the channel continues. No shares available at the moment to short. Very risky going against the stock. Looking very Bullish in the immediate short term and long term. Of note, competitors $TWTR and $FB are down tremendous.
FACEBOOK (META) Price meet fundamentalThis platform is one of the most horrendous ,disgusting ,censored, corrupt ,dirty propaganda machine human did invented.We see a mass exodus from this platform and probably no sane human will use it in the near future.
Price finally meet fundamentals and this should collapse to zero. But first ..probably a dead cat bounce,the classical liquidity grab,then exit scam..
Target 1:zero!
Out of the 4 FANG stocks ,this i`m bearish at most and i dont think will ever recover!
Glad i did leave this platform years ago ,as I see ,things are even worse now !Absolute horrendous dogsh pile of turd !
Facebook as a shitcoin.
Short!
REKT.
"Facebook can't possibly go lower" ...right?Facebook NASDAQ:FB going lower was something many people did not expect on February 3rd, 2022 after the huge drop on earnings. I am afraid that many investors and traders did not pay heed to the words of one of my favorite investors Peter Lynch that "a stock can always go lower." Now price is grinding down those expecting a quick bounce. Let's look at this event as a teachable moment for price action as well as how to express options trades in high Implied Volatility using Vertical Debit Spreads.
FB in top 10 largest data privacy settlements in U.S. historyCould the Meta Platforms sell-off be anticipated?? You have some answers here:
You were wondering wondering how Facebook used to read your mind when it comes to advertising?
Today Facebook agreed to pay $90 million to settle a data privacy lawsuit over its ability to track users’ internet use even after they had logged off using cookies.
The lawsuit was filed in 2012.
and who knows how many others will come?
There is a strong support at $200, but i think the real buy area below it.
Looking forward to read your opinion about it.