Complete the "W," then...From institutional investors, public sentiment on a given day, the Fed, to even the tweakers, so much beyond fundamental analysis and indicators impacts the direction of price movement.
2 Scenarios:
1. So...let's talk about the tweakers. You know they are dying to sell at $3.4567...and not $4.66 or $4.52 where the metrics indicate. But alas, I think we need a deeper correction for the health of the coin. The sooner the better so we can have more information moving onward and upward. I think it will complete the "W" as the last stand before dropping to mid $3.20s, failing, then continuing down towards the Fib .382 and .5 levels. I can't find it now, but I had a lower number above $2.87, around $2.96, that I was looking at the other day? Maybe it was just the Fib before it went up to $3.55.
2. The "W" is essentially a double bottom, which is bullish. Why not push higher at that point? I don't know...I think the bulls are tired and there have been a lot of shorts and it's just time to go back down. So, if the tweakers fail to break the uptrend, it may hit its $3.60's target. I do think this is possible as BTC looks positioned to hit $45500, perhaps Dbl topping to give the market a point to come back down. In confluence with BTC's trend, MANA is forming a symmetrical triangle with a target of $3.55, another Dbl Top. Fib. retracements won't be affected unless MANA breaks $3.55. This is not financial advice so keep a close eye on things. Good luck.
3. My plan, and definitely not financial advice: Sell with the tweakers...buy back in around $3.38 if I think BTC is still on track...sell at $3.55, then follow Mr. Fib.
Metaverse
Chromia Loading up for a big moveHere's a quick Look at CHR daily chart. As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The best entry would be, when the price breaks above the descending triangle with good amount of volume. Definitely one to keep an eye on.
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The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart.
Targets:
1. 0.97$
2. 1.2$
3. 1.5$
4. 2$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
MANA Signal for HODL : 02.03.22 $MANAAll the important levels of support and resistance are marked on the chart. In this analysis, we will identify good entry points for you so that you can buy in these ranges when the market falls further .
📊 First Entry Point : $ 2.6
📊 Second Entry Point : $ 1.8
📊 Third Entry Point : $ 1
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 03.Feb.22
⚠️(DYOR)
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$BTC Daily TA : 02.10.22The price after a positive reaction to the support level that mentioned in the previous analysis is currently trading in the range of $ 44,600 . The first important and key resistance is the $ 45,500 level ,and if the price can close above this price it can growth up to the $ 48,000 range . The reaction to this Bearish OB zone will be important to us! Support range in $ 41,200 to $ 42,700 zone is still valid.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ACE/USDT - ROAD to x500 profits - Strong BullRUN
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ICOA Inc (USA: $ICOA) Riding That DeFi / NFT / Metaverse 🚃ICOA, Inc. provides neutral-host wireless and wired broadband Internet services in the United States. It offers back office solutions for hotspot operators and wireless service providers. The company also provides network advisory services, as well as procures, configures, and installs network equipment; and equipment, administration, billing, business intelligence, and content management flexibility services. In addition, it engages in the design, installation, operation, maintenance, and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot, and hot zone infrastructure facilities in airport, quick-service restaurants, universities, travel plazas, marinas, hospitality, and municipal/hot zone locations. ICOA, Inc. owns and operates approximately 1,500 broadband access installations in 45 states; the LinkSpot network in RV parks and campgrounds; and the iDockUSA network in marinas. The company was formerly known as Quintonix, Inc. and it changed its name to ICOA, Inc. in March 1989. ICOA, Inc. was founded in 1983 and is headquartered in Warwick, Rhode Island.
GALA Movement Expection 📊 GALAUSDT (GALA)
🕑Time Frame: 4H(Update)
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🔵GALA broke the $0.20 resistance and gives a good rally after it. GALA gives almost 100% profit. You can book some profit from GALA and wait for better entry. The support, for now, is $0.29-$0.30 area and we may see a retest of this support zone. The first resistance is $0.36 and the major resistance is $0.40-$0.41 area.
⚠This Analysis will be Updated
➖➖➖➖➖➖➖➖
👤 Trader Needs
📅 02.09.2022
⚠️ (DYOR)
$RBLX swing trade*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been watching online video game company Roblox Corp $RBLX for the past couple of months. $RBLX and Facebook $FB are our two favorite Metaverse stocks long term. Gaming and social networking are going to very successful in the metaverse. $RBLX and $FB both seek to be dominate players in the metaverse field, and we for one aren't second-guessing these guys.
My team took advantage of todays dip and entered $RBLX at $83 per share. Our first target is $93.
OUR ENTRY: $83
TAKE PROFIT 1: $93
TAKE PROFIT 2: $100
$U / Unity Software - Long Term PlayI think the chart is looking very simlar to the previous waves we have seen since the launch of Unity Stock.
RSI and MACD looking fresh for a reversal, while we still have some way to go to catch up to the higher timeframe moving averages, I think we will get there.
With an estimated 170% return on Investment per the two previous cycles of the chart, I think we could possibly see a third wave which matches with the over-head long term Resistance.
$U has delivered an approximate of 30%-40% growth per quarter for the last two years, and the forcasted market share of the company is only estimated to grow.
From 1.1 billion USD in revenuee for 2021, the company is estimating a growth up to 1.5 billion USD revenuee for 2022.
With 50-60% of all Apple Store games being developed on the Unity Platform, and the demand for Unity Software in game making, video producing, engineering solutions, architect solutions and more, I think the exponential growth is yet to come in terms of adoption.
The catalyst for further Unity Adoption is in my opinion the launch of future hardware releases in the VR/AR- Space.
Unity has the solutions for creating AR/VR products ready to go, and as soon as the demand steps through the door. I think we will see expontential growth for this company.
Apple is rumored to launch their AR/VR glasses respectively in 2022/2023, and Im 99% sure that such event will fuel the needs for most product solutions Unity Software has to offer these products.
Im long from 104.
BULLISH ON FB FOLLOWING THE HUGE DEEPThanks for visiting my trading view idea. I WILL APPRECIATE YOUR LIKES AND CONTRIBUTIONS through comments.
META PLATFORMS (FB) saw a massive deep following her 4th quarter earnings report on 02/02022. This led to the loss of over 22% of FB market cap.
This asset has been trading within a descending channel since early September of 2021. Hence, it has been bearish.
The last peak within the said descending channel was to FIB 23.6 level. There was a massive rally down from this peak down to FIB 61.8 level breaking through both FIB 38.6 & FIB 50 to FIB 61.6 which is currently acting as a support level. This level happens to be sitting on the ascending trendline. Hence, for me, this is a strong Support Level.
I am bullish on FB following this deep drop which has presented an opportunity for me to enter some buy positions.
My TP targets are (TP 1) $255 - $260 and (TP 2P) $285 - $290.
NOTE: there is the possibility of falling further to level $225 - $220. Hence watch out for your STOP LOSS.
Expecting lower support areas for blok. BlokusdtBlok is probably going to be something for metaverse and we are going to hear more about it , but considering there is less than 5 percent of this coin released in Blockchain, its too soon to try analyse this token , just keep it in sight wait for news and contracts
Meta next level of support and its future metaverse prospectsCEO Mark Zuckerberg is so committed to shifting the company to the metaverse that he changed the company name to it. This in my opinion is a great play. Anytime anyone in the future mentions metaverse they will immediately link the company Meta to the conversation. Enabling Meta’s future as a metaverse centre. Meta’s Oculus and Horizon virtual reality subsidiaries will likely play a very large role in the metaverse. I suspect Facebooks ad strategy will also play a large role in pushing for advertising revenues streams in the metaverse. This will enable Meta to attract loads of companies who would like to advertise in the metaverse. Zuckerberg has already announced an initial investment of $10 billion into metaverse development. There will be many struggles for Meta in the future and this is a risky play by Zuckerberg. However, I do believe it will pay off significantly. Considering Meta’s stock has recently fallen by almost 30%. This is a very good opportunity to buy.
The two orange lines represent the all-time low and high. The blue line extended to the right is the bottom trendline for the descending triangle. That chart pattern has already broken out in a very successful manner, however the trendlines still can be used for future support and resistance.
I have split up the support regions for the stock into three levels. The first is the blue support line which has been broken. The second is the 200 moving average which has also been broken, however, the price may linger around here for a while so keep an eye out for that. The third last support level is the Fibonacci retracement 0.5 level. That lower level sits at around $200. It extends upwards to $245. The lower level of this 0.5 retracement does also provide past resistance and support so I would see it as a very key support level. However, I do not see the stock falling to that level. So, I see the stock remaining in a sideways movement between $200 -$245 for the next couple of weeks to months. After, I see the stock going above the $245 level by the end of the next year hopefully reaching the near of all-time high. However, watch out for any news on Meta and privacy laws. If there is another issue with Meta and privacy this could hinder its growth and so the bull movement could be restricted.
Bottom formed?Sharing some ideas about StarAtlas DAO POLIS. Although you should never work against the trend, there are first signs of a bottom that could be forming as of this moment. We can clearly see the descending channel from the december crash BUT we can also see a breakout into a horizontal channel that is persisting now for almost 2 weeks. It might indicate a price area too low for initial investors to dump and possibly loading up more. The project has very strong fundamentals and keeps the community busy with a fast development pace.
There are also rumors about major CEX listings at Binance & Coinbase, which doesn't seem off looking at the recent Kraken listing and high volumes. The future is bright for #staratlas & #polis. Feel free to share your views on this young metaverse project
THETA: Metaverse is sill alive!Hello guys. Hope you are having a nice day. Today I have decided to perform an analysis of THETA. Technically, THETA is in a descending wedge in the weekly timeframe, which is USUALLY a bullish sign. The ceiling and floor of the wedge are reliable factors as they have determined the price behavior in a significant fashion in the past. Critical levels are designated in red. One of the major factors that stands out when the chart pops up is the steady volume throughout the last year. The reason why I have chosen MA60 is the fact that the price has been remarkably reactive to it recently. As a trader, I always strive to find the indicators that match the price behavior of an asset. I know MA60 is not a common unit; however, I find it significant due to the reason I just laid out. What I see for THETA is the way up. Not that it is the only possibility, but I think it is highly probable. I always remind myself that nothing is guaranteed, and every decision must follow confirmations. The price may end up below the descending wedge and explore new lower lows, but do I find it likely? TBH, No! However, I have plans set for doomsday as well. You might ask, "Will the price reach a new ATH?" I don't have the answer to that unless I see price behavior near 12. Fundamentally, I find a lot of promise in the project and how it has put itself on the map.
Please push the like button if you find the idea of value.
If not, I look forward to your helpful comments.
BREAKOUT IMMINENT ON SAND/USDT BULLISHSand has been on a major downtrend since its 8.48usdt ATH price level on November 25 2021, with a steady decline in volume. A potential breakout looks imminent once we are able to break out of the major downtrend and with the entire crypto market looking bullish again.
#ALICEUSDT,ALICE bottomed outAfter most Metaverse project hype to the top, expectations rise, but projects still in the development phase so mostly all Metaverse projects lose the attention of investors.
beside BTC drop heavily and large volume drop out from crypto. however if BTC and ETH show enough strength, liquidity might back to projects which once be on the center of attentions.
Alice gain enough momentum and reach the lowest level of RSI and potentially could break through it's down trend.
the best price for entry is the point that ALICE break the down trend(yellow line) then pullback to the line and start a uptrend.
5.67$ and 4.07 are the supports.
Finally, right?I always stress patience, but geez, we've been looking at these numbers...waiting for weeks. Chart is pretty much the same. I'm watching to see if BTC hits $45k, and what it does when it gets there. I anticipate a sell-off to some degree. You can see the ascending ORANGE channel has potentially run its course, giving way to its mother in BLUE. However, MANA may be simply gathering more support to break through this resistance on its way to $3.64. Therefore, I am watching to see what happens (soon) as to whether it will continue correcting or break higher of the small symmetrical triangle. This is where the BLUE circle is. Good luck. This is not financial advice.