Meta - Buy The DipHello Traders, welcome to today's analysis of Meta Platforms.
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Explanation of my chart analysis:
During 2022 Meta Platforms declined massively and dropped more than -70% all the way down to the previous support at the psychological $100 level. From there we saw a pump of more than 250% after which we could now see a short term pullback followed by new all time highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Metaverse
METO: $0.002 | Could be the next Gala for Tiktok Gendecently depressed and weeded out speculators
currently fresh capital from MidEast on board
for 2023 roadshow across the universe
Phase 1 Packaging for Unicorn Status
TitkTok Cap is $300bn
this influencer platform may just be the missing link to adoption
\https://metafluence.com/
META ( FACEBOOK) Rebound - Can the METAVERSE Follow?Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading.
Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings, with profit below Wall Street’s expectations. Google also reported a revenue growth slowdown, but for Meta this appeared to have been mitigated by an increase in daily active users that “was enough to send the shorts covering and the stock surging,”
so, good news from META, could the Real Metaverse be next?
One Love,
the FXPROFESSOR
🏝️🗺️ Sandbox Surge: Building Castles in the Crypto Sky 🚀 🏖️Sandbox has been playing in the sand for a while, staying quiet, but it's looking ready to sculpt a bullish masterpiece. 🎨 After a long, flat stretch where it seemed to be collecting seashells, we finally saw that breakout we've been beachcombing for. 🌊
The chart's telling tales of tides turning, with a breakout above 0.3783 hinting at bullish currents strong enough to carve new landscapes in the market. 🗺️ As for the next checkpoint in our sandbox adventure? I'm eyeing a sunny spot at 0.5932, where the sea meets the shore. ☀️
Just like building a sandcastle, this trade needs a blueprint. Keep your shovels ready and watch the tide—because if it swells, we could be riding the wave all the way to new heights. 🌅 And who knows? Maybe it's time for Sandbox to show the crypto world that playtime can be profitable. 🏖️
Remember, even in the sandbox, keep a playful eye on the bigger beach—that's where the real sandcastles are built. 🏰 Let's build our portfolios with the same joy a child brings to their sandy forts!
🏖️🚀🌊🎨🗺️☀️🏰News:
Let's delve into some recent headlines that are shaping its landscape:
🌐 This Metaverse Altcoin Announced Its New Fund - Sandbox is fueling innovation with fresh funding. Time to watch these digital grains of sand turn into gold? link: en.bitcoinsistemi.com
🛠️ The Metaverse's Future Shaped by Creators - Creativity is currency in the metaverse, and Sandbox is minting a new era where imagination is wealth. Link: www.cryptopolitan.com
🏍️ Valentino Rossi Races into the Metaverse: The Sandbox's Latest Power Move - The legend of the tracks brings his legacy into the sands of the metaverse, promising an exhilarating blend of speed and pixels. Link: en.cryptonomist.ch
💳 Mastercard Meets Metaverse: Spend NYSE:SAND with a Swipe! 💥
Big news in the dunes, folks! Mastercard's now letting you spend your NYSE:SAND tokens like you're shopping in the real world. 🌍💳 No more hoarding your digital treasure; it's time to swipe and let your NYSE:SAND flow. Link: www.coindesk.com
In the Sandbox, every grain could be a part of the next digital masterpiece. Let's keep our creative spirits high and our portfolios ready for the next wave of innovation. 🖌️🌅
Playful strategies and vigilant eyes - that's how we'll sculpt our success in the Sandbox. To prosperity and beyond! 🚀
🚀🎨🏰☀️🌊🌐🛠️🏍️🖌️🌅
One Love,
The FXPROFESSOR 💙
#TVK/BTC 1D (Binance) Falling wedge breakout & retestVirtua looks ready for a recovery after regaining 50MA support, targeting 200MA resistance.
⚡️⚡️ #TVK/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 7.5%
Current Price:
0.00000076
Entry Targets:
1) 0.00000075
Take-Profit Targets:
1) 0.00000105
Stop Targets:
1) 0.00000065
Published By: @Zblaba
TSX:TVK BINANCE:TVKBTC #Virtua #NFT #VrAr virtua.com
Risk/Reward= 1:3.0
Expected Profit= +40.0%
Possible Loss= -13.3%
Estimated Gaintime= 3-7 weeks
$ROSE: What is The Next Trend?
ROSE Coinmetrics
- 24h price change: +1.35%
- 7D price change: +30.07%
- Today volume: $1,553,788.25
- Market Cap: 343,319,926
- Short-term support level: 0.06628
- Short-term resistance level: 0.06977
In the past 1 minute, ROSE price signals Bullish +0.39%, with an upward breakout trend.
NASDAQ:ROSE has shown positive price changes in the last 24 hours and 7 days, indicating a potential upward trend. Additionally, it has recent bullish signals in the short term, suggesting a possibility of further price increase.
OKB: $28 | Gateway to Metaverse with Facebook Re Branding Oct 28Binance re positioned itself as a Platform instead of being a Broker
FTX as underwiter packager and handler of next big thing in the space
OKB is focused to corner and rule the metaverse gaming and nft sector with the CEO taking the lead
GALA's DCA Zone (Gems Edition)Gala is a decentralized gaming ecosystem that runs on the blockchain. The Gala token, the native virtual currency of the Gala network, is used to power all transactions within the ecosystem. Gala has a wide range of games designed to appeal to all types of gamers. The games on the Gala platform are provably fair and transparent, and all transaction data is stored on the blockchain. The gala token is also used to power the Gala marketplace, which allows gamers to buy and sell in-game items. Being an ERC-20 token, Gala can be stored in any ERC-20 compatible wallet. The Gala network allows users to buy, sell, or trade assets using the Gala token. Gala offers its users unique digital assets — NFTs.
Do you also think GALA is a gem?!
#META looking rather precarious. META released a decent set of results last night, but trade action post market is very weak which makes me think there is a scenario where it could be headed as low as R240 to meet the Rising 200wma and previouys level of support at approx R245.00.
Stock recently made a new high which was not confirmed by the RSI forming a lower high (bearish divergence). I would becareful of buying this thing too soon as i think further weakness is most likely on the horizon in the metaverse!
META: Buy on the Channel's bottom.Meta is having a strong turnaround day after 7 sessions of decline inside the two month Channel Up. The 1D technical outlook is neutral (RSI = 53.876, MACD = 3.900, ADX = 28.237) and as the RSI S1 (46.50) is holding, today is a strong buy opportunity to target the Channel's top (TP = 345.00). If it drops more, we will make one last buy attempt at the bottom of the Channel Up, marginally over the 1D MA100.
See how well our prior idea has worked:
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MANA is about to explodeYou are with MANA review
MANA has been in a price-time correction phase for a very long time. By examining MANA waves, I came to an interesting structure
We have a large diametric, which is now the analysis image for branch E of this diametric. Branch E itself has become a diametric. Looks like we are now in wave g from E. The g wave of E also appears diametric.
If the price reaches the green box, it is a great buy position.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
META Platforms Options Ahead of EarningsIf you haven`t sold META when ARK did here:
or entered the dip here:
Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the $317.50 usd strike price Calls with
an expiration date of 2023-10-27,
for a premium of approximately $10.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Potential double-top ahead of earningsMeta Platforms posted a new 52-week high last week, hitting $330.54. After that, it retreated lower, creating a potential setup for a double-top pattern. As a result, we are carefully watching the developments on the daily chart, with the main focus on RSI, which seems to have topped slightly below 70 points last week. In many instances, such behavior is associated with bear markets. Therefore, in the next few days, we will observe whether it will be able to break into the overbought territory; if not, it will act as a warning sign. One thing to consider, however, is that Meta Platforms is scheduled to report earnings next week. Within the past two years, all except for one earnings release were accompanied by a volatile price action and an opening gap the next day. Consequently, we would not be surprised to see a similar occurrence take place this time again. That brings us to the conclusion that staying on the sidelines would be the best alternative until the company releases its earnings.
Illustration 1.01
Illustration 1.01 displays the daily chart of Meta Platforms. Yellow arrows indicate four major opening gaps within the past twelve months. Interestingly, every one of them coincided with the release of the quarterly earnings report.
Technical analysis gauge
Daily time frame = Bullish
Weekly time frame = Bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Meta Platforms Revives in 2023 with Impressive GainsMeta Platforms Revives in 2023 with Impressive Gains
After a lackluster performance in 2022, Meta Platforms, previously known as Facebook, has made a remarkable comeback in 2023. The company's shares have surged by approximately 162%, a stark contrast to the previous year when the stock saw a decline of over 64%. These gains are over 13 times the returns of the S&P 500, demonstrating the magnitude of Meta's resurgence.
The primary driving force behind Meta's 2023 success is its return to revenue growth after several quarters of decline. Additionally, Meta Platforms has harnessed the power of artificial intelligence (AI), which holds promising implications for its future.
Investors who remained on the sidelines during Meta's resurgence now face a crucial decision. They must weigh the allure of potential further gains against concerns about the stock's high valuation and the uncertainties within the digital advertising industry. Let's delve deeper into this conundrum.
The economic challenges that dominated the headlines in the previous year took a toll on many companies, and Meta Platforms was no exception. In times of economic uncertainty, marketers often cut back on advertising spending, which can be quickly adjusted. Meta Platforms, as a company heavily reliant on digital advertising across its social media platforms and the world's second-largest online advertiser, with a 20% market share, felt the brunt of this impact.
While most technology companies faced challenges during this period, the decline in ad spending led Meta to report three consecutive quarters of year-over-year revenue declines, a first in its history. Understandably, investors grew concerned, and the most risk-averse among them chose to exit the stock. However, as it turns out, their cautious approach proved costly as Meta Platforms made a strong comeback this year. The rebound in digital advertising has fueled significant gains for investors.
Yet, it's important to note that this recovery is still in its early stages. In the second quarter of the year, Meta reported an 11% year-over-year growth in revenue and a 21% increase in earnings per share, positioning the company for potential record-high sales and profits.
What sets Meta apart is its commitment to embracing cutting-edge technology, particularly Generative AI. While AI has been integral to the company for various purposes, it now plans to apply these advanced algorithms to enhance its digital advertising efforts. Meta is one of the few companies with the resources required to develop large language models for generative AI.
In a recent move, Meta introduced a suite of AI-powered marketing tools for businesses advertising on its platforms. These tools allow for customized images and text, empowering businesses to target their desired audiences more effectively. AI plays a crucial role in creating backgrounds, adjusting aspect ratios, and generating multiple ad versions tailored to various advertising channels.
While many companies view the widespread adoption of AI as a future endeavor, Meta is already leveraging this technology to drive its growth.
However, Meta's stock is currently trading at 37 times its trailing 12-month earnings and roughly 7 times its sales, making it less of a bargain for investors. This somewhat inflated valuation may warrant caution.
Nonetheless, when you consider Meta's future prospects, the outlook becomes more favorable. It's valued at only 24 times next year's earnings and 5 times next year's sales, which is significantly more attractive. Why? Because the company is expected to return to double-digit growth in sales and earnings per share by the end of 2024.
The recovery in the digital advertising market is well underway, and Meta is generously offering its AI expertise to advertisers at no cost, potentially attracting a growing number of them to its platform.
Despite the potential for market volatility due to ongoing economic uncertainties, investing in Meta Platforms now could prove to be a savvy move in five or ten years, especially given the extensive growth prospects on the horizon.
Exciting Times Ahead! Time to Go Long on Meta!First things first, have you noticed the recent absence of news surrounding Meta and Mark Zuckerberg? Well, let me tell you, my friend, it's actually a fantastic sign for the stock! Sometimes, no news is indeed good news, especially when it comes to a company as innovative and influential as Meta.
Here's why the silence is golden: Meta, under the visionary leadership of Mark Zuckerberg, has been relentlessly pushing boundaries and revolutionizing the way we interact with technology. With their groundbreaking advancements in augmented and virtual reality, as well as their strong foothold in social media, Meta is perfectly positioned for exponential growth.
When there's a lack of news, it often signifies that the company is diligently working behind the scenes, cooking up something truly remarkable. They might be busy refining their products, developing new features, or even exploring potential partnerships that could skyrocket their stock value in the near future.
So, my friend, this is the perfect time to seize the opportunity and go long on Meta! By investing in Meta stock now, you position yourself to reap the benefits of their future success. As the world becomes increasingly interconnected and reliant on immersive digital experiences, Meta's offerings are poised to become even more integral to our daily lives.
Imagine a world where virtual reality becomes the norm, where we can connect with loved ones, explore new places, and engage in virtual commerce seamlessly. Meta is at the forefront of making this vision a reality, and you have the chance to be part of this groundbreaking journey.
So, what's the call-to-action, you ask? It's time to take action and consider adding Meta to your portfolio! Conduct thorough research, analyze the market trends, and evaluate your risk appetite. Once you feel confident in your decision, seize the moment and make your move. Remember, fortune favors the bold!
As always, I encourage you to consult with your financial advisor or do your own due diligence before making any investment decisions. The stock market can be unpredictable, but with Meta's track record and the potential for future growth, we have a compelling opportunity on our hands.
Let's embrace the excitement and optimism that comes with investing in a company that is shaping the future of technology. Together, we can ride the Meta wave and enjoy the fruits of our foresight!
Wishing you happy trading and a prosperous journey ahead!
HERO: $0.09 undervalued for now when Gates and Buffet bought Actrivision for $68bn and $1bn for the latter that presented a bench for Gala and the rest of gaming projects
Hero is both a device gadget machine = TECH that realizes BLACK MiRROR's concept of next generation social beings
at $450M cap.. this is target for a take over or big funds to get volume before it catapults above UNICORN levels
metahero.io
META is under pressure. Expect one last dip.META is trading around the MA50 (1d) since the Sep 14th Lower High and seems to be acting as a Resistance.
The long term trend is heavily bullish on a Rising Support and best depicted by the application of the Fibonacci Channel.
However a Channel Down is emerging and as long as the Lower High holds, we expect one final dip to gather new long term buyers.
Trading Plan:
1. Sell if the MA100 (1d) breaks.
2. Buy at 265 (Rising Support).
Targets:
1. 265 (Rising Support).
2. 385.50 (All Time High, under the 1.5 Fibonacci extension).
Tips:
1. The most ideal sell target and obviously buy entry will be preferably if the RSI (1d) hits the 30.00 oversold level.
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Notes:
Past trading plan:
MANA Looks GOOD ?!!?When taking a look at Decentraland "MANA", it is currently holding a key support level and when price is at support, the most probably outcome is for price action to become bullish and try to go for the next big resistance zone arounf $0.38 then $0.45.
if the momentum continues, 100% gain from these levels are probable. This means price needs to reach $0.60
Let me know in the comments below where you think #MANA will go.
Every day the charts provide new information. You have to adjust or get REKT.
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Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.