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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
MANA: HTF FractalHTF Fractal taken from previous price increase, when stretched so that the beginning of the run fits the beginning this current run, seems to be somewhat predictive so far. Is this a crazy price target? Yes. May it be warranted? Possibly... MANA is now a direct competitor to 'META' (formerly, 'Facebook'). Meta's current market cap is ~880 billion. MANA's is around 8.6 billion. If MANA had Meta's market cap (so assuming some scenario where MANA becomes THE metaverse, beating out Facebook /Meta and all other competitors), that would put MANA's price at ~$482. Full disclosure: this isn't so much a serious possibility in my mind, at least not yet, I'm just posting this to see how this theory/ fractal pans out; mostly just curious.
Long
by VictorFreed
2
Twitter $TWTR Crash - Bye Bye Jack - BUY Volatility $VIXYADVERTISING MODEL PLATFORMS CRASH!!!! The old 2digit tickers they try to run and hide from. Gross. THAT'S WHAT DECENTRALIZATION FIXES. *ADVERTISING*. Notice Jack is out when $FB zuck changes their business name to META. WE ARE LAUGHING. Never would I ever!! Everybody has their own coinage at this point. Sorry Jack. Sorry Zuck. No chance. Both have got to stick with #simpcoin & $SQ until the Digi Dollar puts it to rest. They're all echochamber FEE VULTURES. They don't care which crypto you pass around. They take fees from the system. Ponzi Poggers. Storytellers. NOT INVESTMENT WORTHY. ETHEREUM IS JUST AS GREAT AT $100. OH MY. $10???? #cryptocrash Go Gary G!! #kingdollar Buy $VIXY VOLATILITY Volatility Boom. Go small caps. #cannabisreform $KERN $MSOS $PSDN Cannabis Saves Lives. Federalization #comingsoon
NYSE:TWTRShort
by EpicEconomics
I HAVE LEARNED HOW TO BLOK.. I'm going to keep it simple with this one.. Check out the video. I have noticed a few trends that stand out and have consistently traded for a 25% profit every trade. That adds up pretty quickly, right? Anyways, trade smart and be cautious. This time of the year is a big unknown, and of course, there are people always spreading hype and trying to convince you to put more money into crypto. When we are in an area or time like this, I always consider these things... One, the news is not my friend. Two, the positive news released is meant to motivate us to buy. Three, the negative news that is released is intended to encourage us to buy. Fourth and final, I must trust my decision and accept every trade for what it is. Number four is a reminder to us all that we do make bad decisions sometimes and not to let that beat us up. I hope all stays well, and everyone gets that 2-3X soon!
Short
by Ashton_M
1
🔥 COCOS Bull-Flag ContinuationFueled on META hype, COCOS saw a huge rally last week. After this huge rally, a strong correction was expected, and did indeed bring the price down to the $3 area. The consolidation pattern appears to be a bull-flag triangle, higher lows and lower highs. With COCOS reversing from the support line earlier today, I'm betting on the price going up until the bull-flag resistance area has been reached. Expect a continuation of this pattern for the coming days. Happy trading!
CLong
by FieryTrading
16