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The MOTHER of all Cup and Handles - SCUSD Log scale storyHi all, Main TA Points; *** 1. Log scale chart. 2. Big cup and handle on monthly. 3. 20MA currently acting as support. 4. Break of Ichi looking imminent. 5. Incredible R:R *** Talking Points; *** Going to keep it simple, Log scale is a fantastic tool to use over long term chart views as well as high volatility markets such as crypto. SCUSD is painting an enormous cup and handle suggesting a price target of anywhere between $1 - $3.50. There is a strong possibility that Web 3.0 will be the "meta" paradigm during the peak of the current bull run. Sia/Skynet is arguably the strongest offering in this space with Siacoin offering a significant investment opportunity with considerable upside. These price estimates are also inline with SCBTC hitting its all time high of 800 satoshis. Should it do this with BTC hitting upwards of 100K we are definitely talking price targets in this range. *** Estimates; *** Log scale modifies your drawing tools and I'm having difficulty calculating the exact measured move. At this price entry however, liquidating a portion of holdings at 1 dollar would be a prudent strategy having banked significant profits. I think targets should involve averaging out of the trade in this case given we are looking at a range of $1 - $3.50. Good luck, Please consider donating, following or leaving a comment if this analysis was valuable to you. SIA donations; 807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374 *** *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk.
POLONIEX:SCUSDLong
by Traders-Corner
7
$FB: Long here...I think we now have a decent setup in the company formerly known as Facebook. There were some sick runs in the $META etf and names like $RBLX, $NVDA, $U, gaming/metaverse related cryptocurrencies, etc. Some of that money can go back into $FB here, which hasn't moved as much, and has a nice base showing accumulation by smart players. Long term, the chart is still in an active quarterly timeframe trend, so there's plenty of time and upside left in the stock. Daily offers a good reward to risk entry to join that trend. If price holds up from here and doesn't breach the area below $330, we can expect a rather steady climb from here. Best of luck! Cheers, Ivan.
NASDAQ:METALong
by IvanLabrie
5
TLM ALIEN WORLDS +170% Possible Gains from this level 🔝🤯🧨Goodmorning Traders! This is the update for BINANCE:TLMUSDT . 👽 I have analyzed this asset several times because I like it and I find it really interesting from a technological point of view. 👾 In the chart I think there is everything you need to deal with this trade. 🔝 You can find links of previous analysis below. 👇⬇️⤵️↘️↙️ Smash that like button and comment with your analysis and share charts!
by IllyrianTrader
3
FB Meta Platforms: Upside PotentialHello friends, today you can review the technical analysis on a 1D linear scale chart for Meta Platforms, Inc. (FB). 1) The price is currently in a Double Bottom Pattern with the potential of coming to a breakout area. 2) If price breaks out of the Double Bottom Pattern, it would move back inside a Parallel Channel it has been respecting since February 2020. It fell out of the channel in early October 2021 and has tried to regain access back into the channel. 3) The Volume is consistent. 4) The RSI (relative strength index) has a resistance line which the RSI is coming close to. 5) If price reaches the Double Bottom Pattern target, it would be a 20% upside move. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:METALong
by MillionaireEconomics
2
SAND is 2021's top performing cryptoSAND is one of the top performing cryptocurrencies for 2021. Since Facebook announced its rebranding as Meta on October 29, SAND has shot into crypto fame and rallied more than 600% by November 24. It is estimated that if you bought $500 of Sandbox on January 1, it would now be worth over $73,000. SAND is the native token of The Sandbox, a game that is very similar to Decentraland which recently opened the doors of its Metaverse. Unlike Decentraland, it has not yet fully launched its virtual world to the general public but only to a select group of 5,000 users who have the chance to earn up to 1,000 SAND and three exclusive NFTs. Players can purchase land and create non fungible tokens (NFT) within the game and earn the Sandbox token (SAND) by completing various quests. The Sandbox has announced a number of famous partnerships which include The Smurfs, Atari, the Walking Dead, Adidas, and Snoop Dogg. It was recently reported that someone paid $450k to be Snoop Dogg's neighbour on The Sandbox Metaverse. NFT-linked cryptocurrencies were the best performing group of digital assets in November, as the interest in the Metaverse keeps growing. Will Metaverse tokens explode in 2022? It's a good moment to give meta tokens like SAND some thought.
FTX:SANDUSD
by Capitalcom
FaceBook (Meta) Downtrend continuesOn daily chart, dead cross (50 sma crossing below 200 sma) is about to happen. Fib Level 0.618 - $332 (the rectangle area) is a huge resistance which has been tried 4 times in December. Also 200 and 50 smas is suppressing the bullish movement. Looking for a breakdown to $300 area in near future. Disclaimer: This is not a trading advice. I am not a financial advisor. Only for fun and educational purposes. I won't accept any responsibility if my idea fails.
NASDAQ:METAShort
by aaronrtan
3
Relevant levels and possible directions on META Today we will take a look at META. What are the main technical elements we can see? - We can see two clear impulses and two clear corrections. The first correction was an ABCDE triangle pattern. And the current correction is an ABC zig-zag pattern (for now) - Understanding corrective structures is crucial to have clarity when a correction is finished or when I should keep waiting for it. In this situation, the ABC pattern is completed. So it's interesting to start thinking about possible directions the price may take. -We have defined two possible paths the price can take; let's understand each of them. * In the first scenario, the price reaches the correction´s descending trendline and cannot break it from there. We see a bearish movement towards the previous support level at around 300.00 * The second scenario, the price breaks the correction and goes above the broken ascending trendline again. After that, we observe a retest of it and a bullish continuation towards the previous ATH. Of course, it's impossible to say what will happen; however, I would be interested in the bullish scenario to develop setups around that retest. Otherwise, I'm not interested in trading here. -The main concept of this post is to define relevant levels that traders may use depending on their style. Thanks for reading! Feel free to share your view and chart in the comments!
NASDAQ:META
by ThinkingAntsOk
1
FB Estimated range for the next 12 months. Upside?My first idea published on here, simply a range of FB price action in the past and an estimated view for the future 12 months. 50% correction to Pandemic's low is extremely unlikely unless destroyed by congress in matter yet unknown or something of the matter. $200 to $280 range should be a bottom in worst case scenario. $300 has seen much price action in the last 'almost' two years. Should serve as a common support and resistance as it has in the past. FB BEAR CASE: Worst case flat in 12 months. UPSIDE: unlimited with Zuck's sleeves full of real of fake aces Valuation Resistance: 1.2-1.25 T
NASDAQ:META
by GAROSRADIO
ENJ, Rising Accumulation on yet another metaverse token.ENJUSDT (Enjin) showing a picture perfect wyckoff structure, see image attached. Volume has increased steadily to the buy side since breakout. Panic sell into previous resistance and failure to fall under is a sign of strength for a possible BU (Back Up) Action. ------------------------------------------------------------------ What is Wyckoff Method? ------------------------------------------------------------------ "One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR (Trading Range) ." Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure. In a Accumulation Trading Range the key characteristics are the ST or Spring below the Trading Range, and the SoS's Signs Of Strength with strong breakout volume at the upper end of the range.
Long
by Worth_The_Ri5k
1