FB Update + Spinning Top ** AN Update on my previous FB post
FB is playing out perfectly and looking to continue this bullish breakout. Having recently changed its name and business model, we have seen lots of hype and talk about FB, or META as its now called. I think that META will become a huge player in the next 10 years and this is definitely a good area to start accumulating shares for the long term
On the weekly chart we have seen FB create a BULLISH spinning top candle, indicating bullish momentum. This is a good indication of short term trend and was where I entered spreads and shares.
For this play, we are looking at the short term. After breaking down from its upward channel, it was on a strong downtrend for around 6 weeks, moving back into a demand zone at the $325 area. We have seen a strong bounce on both the weekly and daily charts indicating a strong demand zone, and a possible reversal.
Has been playing out perfectly and I am already in spreads for January. I still believe we are at a good price and will be accumulating more shares as well.
Good luck everyone.
Meta
Will Facebook/Meta Flatform FALL to 309 ??? I am checking FB, H4 chart:
- In the last time the Falling Wedge price pattern detected, price raised from 321 to 341.
- The recent price pattern detected is Rising Wedge, 2 days ago. Price started to FALL from 335 and now moving around Support level at 324.
- The next Support level is 309.
Will it break the current Support level to FALL to 309?
In this idea, I used Smart Pattern indicator to auto-detect pattern and Smart Vision Ultimate indicator to auto-calculate Support/Resistance levels.
MANA! Set up META! This about to be epic. Making virtual land the only way to buy is THROUGH MANA!. Awesome!
It will be like MRNA in Covid Times $$$$$$$$$
Well let’s see if this goes lower.
I am working on other set up. Subscribe to make sure you don’t miss it.
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
$ionqSeeing the Nvidia event directed my eyes to this stock. But, just playing technicals, i seen today that it has broken out of a falling wedge. Also the daily trend is another confirmation that there may be upside here, None the less they have earnings next week. i plan on playing this run up and selling half into ER. Anyone else eying this one?
YVR - Next gem in Metaverse space, Facebook Facebook changed its name to Meta and the ticker will start trading as MVRS on Dec. 1. 2021
I think all stocks and cryptos related to Meta and metaverse will be positive affected by this new trend. it's going to be BIG!
on a technical analysis view, I think we will touch $7.70 and if we can go parabolic $17.
Keep an eye.
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.
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.
MetaHero - Wave AnalysisHero completed it's 5 wave, ending with a strong 5th wave extension hence, a correction is much needed before taking off again.
A complex triple three correction wave which can consist of zig-zags/Triangles.
Completing the correction at around 0-0.120 to 0.125 before bouncing.
Not financial advice. Only for educational purpose. Price action of HERO depends on BTC price action hence, the analysis is only meant for reference.
$NANO POSSIBLE OUTCOME.Let me know what you think of this analysis and tell me your predictions too!
🔥 MANA Second Leg: Bullish Price Action ExpectedAfter a massive metaverse-hype run, MANA has seen around a week of consolidating price action. During this period, a wedge formation has formed.
Yesterday, the price saw a strong reversal from the 0.618 Fibonacci extension and made a bullish break out from the wedge.
For the current move, I'm aiming for a target between $3.70 to $4.
Happy trading!
Dacebook / Meta shortAmongst my weekly picks i've chosen to share an apparently counter sentiment short. Time will tell
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%
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
Do Social media Giants find their support level?As you can see in these charts, social media giants have experienced a 20-46% correction in the past 2-4 months!
Now it seems they find their primary support level and may experience a 10% upward move in a short time.
Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies!
Looking at their earnings shows disappointing results and this could continue for a while!
Meta (Facebook) has made a huge move and changed its name! Those who are familiar with branding know how big this move is..!
Be careful with PINS earnings today!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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
Virtual vs Real Estate - The Metaverse, NFTs, and Induced DemandAfter 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.
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 decelopment. (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.
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.