Metaverse
META (NASDAQ:META) Doubts at fair valueHaving some doubts looking for facebook and metaverse in the short-mid term.
I cannot rely on my opinions and I estimate fair value at $158 with my algorithms running on fundamental data and forecast earnings.
Mr Market and the chart have the last word. Watching actual price is at my forecast fair value, also at a strong trendline (weekly chart) and at 0.618 Fibonacci Level.
This is not enough to buy now. Waiting signals on volume still missing and I want to see a strong rebouncing and accumulation.
If a breakdown will occur below the trendline and 0.618 level, my buy value will be close to $128 that is my estimate fair value less my margin of security (15-20%)
September 7 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to OKLink, the current Ethereum merger progress has been completed 98.86% and is expected to be carried out on September 15. Bitcoin is down 5.99% over the last 24 hours and fell to an intraday low of $18,652.91. The largest cryptocurrency suddenly fell more than $900 in less than three hours on September 6. The relative strength index (RSI) is below the oversold level, indicating that the bears are currently dictating price movement. If the bears managed to push the price below June 18 intraday low of $17,588, we could see more decline.
Today’s Cryptocurrency Headline
Franklin Templeton Launches Metaverse ETF
Fund manager Franklin Templeton, which manages more than $1.4 trillion in assets, has launched a new Metaverse exchange-traded fund (ETF) for European investors. The fund, called the Franklin Metaverse UCITS ETF, will track Solactive Global Metaverse Innovation Net Total Return Index, which includes companies that have significant exposure to the metaverse, including blockchain applications, like payments firm Block, crypto investing firm Galaxy Digital and gaming company Electronic Arts. The new ETF will list on Deutsche Börse Xetra (XETRA) on Sept. 7, and Borsa Italiana as well as London Stock Exchange (LSE) on Sept. 9.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
$META going for reversal?META is getting beaten down ever since the market pulls back from its ATH. Besides the whole market going lower, META also missed its earnings and highly criticize with their privacy security of their social media empire.
in my technical perspective $META still very bearish on 4hr chart and the daily. META is the only tech stock that sitting just right above the moving average at 1hr chart.
Below is my price level for possible entry and exit.
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For calls; buy above $164.54 and sell at 166.46 or above
For puts, buy below 161.91 and sell at 160.78 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play.
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BITCOIN 12H TA : 08.30.22 (Update)As you can see, the price entered the FVG range and showed a negative reaction, until now the price has moved according to the analysis and has yielded almost 4%! This whole range of FVG is from $20400 to $21100 and it can be said that you can start saving profit in this range!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.30.2022
⚠️(DYOR)
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$GMT/BTC 12h (#BinanceSpot) Descending channel breakoutGreenMetaverseToken is pulling back to 50MA support where it seems likely to bounce and resume bullish.
Current Price=0.00004525
Buy Entry= 0.00004405 - 0.00003909
Take Profit= 0.00005585 | 0.00006754 | 0.00008183
Stop Loss= 0.00003318
Risk/Reward= 1:1.7 | 1:3.1 | 1:4.8
Expected Profit= +34.35% | +62.48% | +96.86%
Possible Loss= -20.18%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1-2 months
Tags: #GMT #GMTBTC #STEPN #Web3 #NFT #Metaverse #M2E #Social #App #Gaming #GST #BSC #Solana
Website: stepn.com
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
August 27 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won’t back off in its fight against rapid inflation. Bitcoin is down 5.66% over the last 24 hours and fell to an intraday low of $20,106.95. The cryptocurrency market plummeted alongside the traditional equity market after Federal Reserve Chair Jerome Powell delivered his speech because the market expected the Fed is going to maintain a tough stand against inflation. For now, If the bulls could not hold the price above $20,000, Bitcoin could decline to $18,000.
Today’s Cryptocurrency Headline
Sui Launches Its Blockchain Browser
Sui, a Layer 1 project founded by the former Meta team, announced the launch of its blockchain browser, Sui Explorer, serving as inspection and analytics tools for users and developers to troubleshoot, confirm their activities, and verify holdings on-chain.
Sui Explorer is designed to accomplish the following:
Keep the most updated and accurate on-chain data, activity, and metrics
Enable lookup, verification, and tracking of all assets and contracts
Be a fast, reliable, and transparent tool for debugging and auditing
Offer useful smart contract development and features unique to Sui Move
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
META to $147.35 (Short -10.8%)meta platforms has experienced a strong sell for sometime and rejected the $155 mark 3 times....but still failed to rally up.
Aacording to my resistance at $172 at 61.8 fibo region. i expect meta to short to $147.35 precisely (there can be a possible rejection at $155).
this will be a $17 off this stock!!!
Other way round, if there's a buy clear breakout of my rejection zone then meta will short from $172 to repeat it's two times rejection at that resistance
$CHZ (Chiliz) Daily Update : +150% ✅And this is the update of Chiliz : These days, contrary to the main market trend, we have seen a good pump from $CHZ , and since its introduction and first analysis , it has yielded more than 150% ! Considering that it has reached an important supply zone , you can take your profit (short-term and medium-term traders ) and the holders can still keep it for higher targets!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.24.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ETHEREUM's target reached : +85% ✅Important Target Reached 🔜 +85% ✅ You may Close at least 50% of your position and take your profit !
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.14.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Ethereum To $2200 But Then What? As the merge from proof of work to proof of stake gets closer for Ethereum there has been a bullish relief wave hitting the market. I do believe that Ethereum is leading the charge in this relief rally as the merge will have a major impact on the entire cryptocurrency market.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be cautious because I do believe we're still in the early stages of a bear market. I could be wrong but as I've been saying we haven't been moving sideways for an extended period of time just yet and the market is still very precarious.
I do believe we will eventually revisit a $1000 Ethereum or lower again as we go deeper into the bear cycle. As of now I'm waiting until we turn red again to dollar cost average in. The whole game plan is to accumulate heavy as close to the bottom as possible. I like others believe we still have a ways to go before we have a true bottom. Take it with a grain of salt because I could be wrong.
Is $META a VALUE TRAP stock??I've been keeping an eye on this stock during the last year. In the beginning, I couldn't understand the punishment by the market that this stock was receiving.
The stock lost around 60% of its price from its all-time highs in September 2021.
A company trading at 8X EV/EBTIDA and in a range from 13X-15X P/E in 2022 may seem like a value investing opportunity.
They haven't lost users on their platforms. However, businesses reduced their ADVERTISEMENT BUDGET.
Surprisingly, with changes in iOS 14.5 (Mid 2021), issues for advertisers who rely on META to sustain their businesses appeared.
The Q2 2022 Earnings proved the deceleration of META's growth. The stock crashed, while the rest of the techs were rising from 5-10%.
Don't take me wrong, META is a fantastic business. No debt, high margins, growth, buybacks, it has everything that the books taught us.
The USA Economy is in a recession, companies are going to cut costs in order to remain profitable (those who can). This means layoffs, caution in undertaking new investment projects, cutting advertisement budgets... and here is where META is going to be hurt.
META has pricing power and MOAT, the problem is that the demand for ads will decrease due to the recession (as we saw in the last earnings release).
META still has a lot to do in order to make Reality Labs a meaningful and robust stream of income in their business model.
For the short-term, I remain short for $META. But this doesn't mean that when things recover over the long-term, and the Reality Labs investment starts to flourish, we can see even higher margins in the company and more growth. This is the only way I see $META making new all-time highs.
From a technical point of view, if the price breaks the $155 support level, we can see it between $120-$140.
If it remains in this lateral channel, we can see it going up to $170-$180, even $195 if there is some kind of momentum.
Overall, I would prefer to stay out of it till it goes out from this bearish channel. I see the stock trading at $120-$140 till the end of the year.
I have some stocks for the moment that I'm planning to sell at breakeven ($180).
If I don't have the opportunity to sell now, I will HOLD them for the long run, probably add if I see it at $120.
SAND - Think Outside The SANDbox!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SAND rejected a strong demand zone and round number 1.0 so we will be looking for buy setups on lower timeframes.
on DAILY: SAND formed a valid inverse head and shoulders but it is not ready to go yet.
For the bulls to take over, we need a momentum daily candle close above the gray neckline and red trendline.
🎯Targets => Our first resistance / target would be around 2.65 so I will be monitoring price action there.
If we break it upward (purple projection) then a movement till 4.7 would be expected.
Meanwhile, until the buy is activated, SAND can still trade lower inside the demand zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GUCCI now accepts APECOIN 🚀Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Great news for the cryptocurrency community, Italian luxury fashion house Gucci announced that it now accepts ApeCoin (APEUSDT) in a Thursday Twitter announcement last week. Gucci customers are able to pay with the help of a QR code that gets sent to them via email. They announced via tweet that they are now accepting ApeCoin payments via BitPay. Select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, yet another step in the Gucci House’s exploration of Web3. For the first time ever, holders of this crypto currency will be able to buy physical goods with the coin that was derived from the BAYC economy.
This is bullish news for APEUSD, and for the crypto community as market adaptation and reach will increase. The more participants a market has, the more stable and less volatile it becomes. Think Gold , bonds etc.
While you're here ! Check out this update on Ethereum ETHUSDT :
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