SNAP May be an incredible buy opportunity based on Market PhasesSnap Inc (SNAP) hit new lows last Friday, completing a disastrous -90% drop from its All Time High (ATH). The stock market fundamentals couldn't be more negative and is the reason why the majority of the market is expecting the price to drop even more. Few are thinking to enter Snap here and who can blame them?
However based on Dr. Jean-Paul Rodrigue's infamous Market Cycle Phases, the stock may be an incredible buy opportunity on the long-term as it appears to be trading in 'Despair' territory, below its mean and at the end of its 'Blow off Phase'. The Public and Dumb Money started entering during the Mania Phase, which is dominated by Enthusiasm, Greed and Delusion. The 2022 drop has spread fear, the price capitulated and all that is left now is to reverse on investors' despair and return to the mean.
Does it look like a solid long-term buy opportunity to you?
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META Buy signal within the Falling Wedge.The Meta Platforms (META) have been trading within a Falling Wedge pattern since the April 05 High. After that we've had two Lower Lows and two Lower Highs. On Tuesday the stock came to its closest to the Lower Lows trend-line since June 23. As the 1D RSI breached the 30.000 oversold barrier, we have a strong short-term buy signal in our hands, targeting the 1D MA50 (blue trend-line) and the top of the Falling Wedge.
* A break above the 1D MA100 (green trend-line), which has been untouched since December 30 2021, can extend the uptrend on the medium-term towards the 1D MA200 (orange trend-line).
* A break above the 1D MA200, which has been untouched since January 06 2022, can be enough to restore the bullish trend on the long-term.
* A break below the Falling Wedge, can accelerate the selling targeting the 1.5 Fibonacci extension.
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Monero : Every detail about latest hardfork + Technical AnalysisHi friends.
hope you are good.
today i want to tell you some details about August 14 Monero Hardfork.
after that we take a look at XMR chart and analyze that in price action.
Lets Do Them:
This fork happened at block 2,688,888, this Sunday (14 August).
It brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information.
Such as key sets and data synchronization between wallets, as explained on their website:
“Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed.
Instead of one Monero wallet creating, signing, and submitting transactions all on its own,
you will have a whole group of wallets and collaboration between them to transact.”
The network upgrade also included changes to its ‘Bulletproofs’ algorithm to boost transaction speeds
and reduce transaction sizes by an estimated 5-7%, as well as improvements to its multisig mechanism.
At the end lets see some after effects:
1-Monero’s block size increases.
2-XMR’s market capitalization rose
3-According to Lunarcrush.com , Both social mentions and engagement saw 121% and 180% hikes.
4-Whales began to showcase interest to XMR.
Hope you enjoy this article.
now lets see Technical analyze of XMR on marketcap:
please share me your opinion about this post in comments.
we will grow togheter...
META Bottom formed. Ready to break 4 month Resistance.It hasn't been that long since we last took a look on the Meta Platforms (META) and called for the last chance to find buyers and reverse its fortunes:
As you see since then, the stock has been trading sideways within a consolidation phase of lots of uncertainty fundamentally. Today however, the price broke above the Shoulder line of a Head and Shoulders pattern that started last month. Technically, this could be the ideal bottom formation for the majority of investors, with the price also above the 1D MA50 (blue trend-line).
With the 4H MA50 (red trend-line) supporting, if the price breaks above the April 05 Lower Highs trend-line, it will most likely be the final confirmation that the company has re-entered its long-term growth trend. Ideally, we would like to see the 1D MA100 (green trend-line) break but the Lower Highs trend-line could do alone, especially with the 1D RSI on Higher Lows since June 22, indicating a strong underlying bullish sentiment. Our medium-term target is the 1D MA200 (orange trend-line).
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$META Analysis, Key levels & Targets$META Analysis, Key levels & Targets
Ok, so I am actually just re-publishing this chart because the other one is gone now that it’s not $FB anymore…. Added one target… Stupid willy still shows possible downward momentum…
Any spike in VIX could be a nice opportunity to sell puts the green support levels…. or add shares to build a good swing trade... slowly... My eyes are definitely gravitating toward the target 4 level, for my personal trades... and I'm quite happy waiting for that alert to go off and then going long...
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Why Investors Should Be Wary of Doge and Twitter SpeculationsThe recent news about Elon Musk (who is an avid fan of Dogecoin) buying Twitter sparked rumors of a possible rally around Dogecoin in the near future. On Apr 25th the coin climbed over 20% in price in one day.
As the chart shows, however, DOGE quickly tanked shortly after its initial climb - which has mostly been the pattern of the coin in the last few years. The populist nature of Dogecoin's branding makes it susceptible to hype-trends, which often climbs in response to the news or trends on social media but struggles to maintain longer term growth.
This isn't necessarily a bad thing - the community itself has made utility and accessibility an explicit goal for DOGE and in that aspect, the coin has done very well. And past performance indicates that DOGE tends to be more resilient during downturns since it functions more like a stablecoin in practice.
This might not necessarily be what DOGE holders want to hear, but it's important to make a distinction between coins designed for speculation vs one for utility, since it tends to affect prices in a very different way.
$SNAP Key Levels, Analysis, & Targets $SNAP Key Levels, Analysis, & Targets
So both the weekly and the daily chart are signaling a move lower. It’s WILD to see how over-extended our market became with all of the free money floating around, and now to watch it contract back down…. I have my alerts set for the next two levels down.
There is a little bull gap there that might catch SNAP, but if not I’d be looking around 20
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Digital World Acquistion (NASDAQ: $DWAC) Launches Social App! 🙌Digital World Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, SaaS, fintech, or financial services sector in the Americas. The company was incorporated in 2020 and is based in Miami, Florida.
$FB enter the metaverse*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*
Today my team will dive into Meta Platforms $FB formally known as Facebook. Its stock price began declining September 14, 2021 when the company experienced scrutiny concerning unethical practices. Another company that has received similar treatment in the past is Google $GOOGL...they are now at all-time highs.
$FB recently began what looks to be a reversal on October 28, 2021 when the company announced a change in their name from Facebook to Meta Platforms. They stated “Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future.” Price has since increased from $308.11 to $345.30.
My team holds no positions currently, but we plan to begin accumulating shares tomorrow morning. $FB share price may experience a temporary boost due to hype before earnings. If this occurs, my team will more than likely sell our shares before the release of earnings. Our reason behind this is that we think $FB earnings will not reflect a hyped up share price. The metaverse still needs time to mature before $FB can see any substantial growth from it.
Earnings are expected to be released January 23, 2022, but this date is subject to change.
Entry point: $345
Take profit 1: $420
Take profit 2: $460
If you want to see more, please like and follow us @SimplyShowMeTheMoney
WATCHING $FB for 275WATCHING $FB for 275
Target 1 was hit pretty quickly… Now off to target 2… 275
Relative Strength is bearish, sitting under the EMA of the RSI
35EMA on the Weekly has the potential to act as resistance and FB is sitting right under it…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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DocuSign Inc. and the lesson to be learnt. (TL;DR at end)When the Covid pandemic began affecting many people throughout the workplace and in their homes, companies such as NASDAQ:MSFT , Zoom and NASDAQ:GOOGL began rapidly designing software to accommodate for this very new sprouting market that nobody had ever seen before. A whole line of business dedicated to allowing people to perform their work assigned tasks from anywhere in the world or from the comfort of their couch at home. Despite the major sell-off due to the pandemic and fears of complete economic collapse in some places, a number of people and companies became considerably wealthier. A prime example that I am writing about today is DocuSign and their virtual document signing services which are in competition with NASDAQ:ADBE .
There was a massive craze over this whole digital work idea and many investors believed it was a "money-pot" for a future dominating market. Many investors began pumping money into such companies for long and short term investments. The thought behind it being, "people prefer working this way and now that they have used it, they'll never go back". This mentality obviously allowed companies like DocuSign to advance in price dramatically, because how else are you supposed to sign off a document on a desktop for instance. Despite the thought process seeming "sound", there was one major downfall.
The anticipated growth for a company like DocuSign and other competitors was astronomical. But, as Covid restrictions began to ease up slightly between the time of the announcement of the Delta variant and then Omicron, many people realised that they didn't quite enjoy working from home and/or owners of companies brought many employees back into the workplace, sales for products provided by a company like DocuSign slipped and this sent shivers through countless investors' spines as they realised how overpriced the company may have actually been in comparison to its inherent value. Needless to mention, DocuSign announcing that the "pandemic boom" in business was slowing down after they presented their slipping sales did not help in any which way, shape, nor form. This resulted in a horrific sell-off of countless stocks causing price a catastrophic price drop (especially for traders) of around $100 in Docusign and major price drops with their competitors. Consequently, Adobe had a stock price drop too as investors lost faith in their ability to maintain growth in sales (From $698 all the way through to $616 (at the time of writing)).
Now there is one major lesson to be learnt regarding this scenario and like so many before it. Deciding to become a shareholder in a company due to the potential in their industry and their presence within it alone can end horrifically. Especially when the media "hypes up" such companies resulting in horrific over-evaluations. One must perform their own investigation into the safety of such company regardless of how long you plan on holding their stock for. There is no point in putting money into a company that may not be profitable or the management consists of a number of incompetent monkeys for instance just because everybody is talking about it. You must perform your own investigation and create your own judgement on whether this company is actually worth your time. As an investor or trader, you must be careful, now as much as ever. There are countless startups having their prices floated by the media and the public's attitude towards the company which inevitably come crashing back down, even though all that could be avoided if the investor/trader actually held back until they deemed the price "acceptable or attractive" for the company.
As always, further opinions, facts and news that I may not be aware of are always welcome in the comments, it is always good to bounce ideas off of others, so comment away!
TL;DR: The work from home craze at the beginning of the pandemic ('hyped' by the media) caused many to pump money into companies that would later lose business as many returned to the workplace or their financial infrastructure was realised to be dysfunctional. One must do their own homework into companies and only pay a suitable price for the stock they're getting.
DATS -- Bottoming ahead of national marketing campaignDATS has released a privacy-focused social media app DatChat into the wild with another major rollout planned for this month to go along with the national (US) marketing campaign through Barstool Sports and other major online influencers. App features include screenshot protection, beefed up privacy/security features, self-destructing messages, Apple iMessage integration and many more. Company owns a number of patents that protect its IP. With Facebook and other social media companies facing scrutiny over their usage of private data, this is a perfect environment for new player to come in and to show they do things differently. If stars align and this new app/social network goes viral, sky is the limit given the minuscule $163M mkt cap. For some reference, WhatsApp was acquired by Facebook for $19B USD! Company has over $20M in cash, so there's no need for immediate dilution.
Bottoming chart with strong trendline support. Very similar setup to the previous two times it hit that line before going on a major run. Selling is drying up and MACD is starting to curl for a potential bullish cross. Double Bottom pattern. Successful breakout through previous high would trigger $28 - 30 technical target. This is a potential multi-bagger from current levels.
WATCHING $SNAP - Key Levels and Analysis - UpdateWATCHING $SNAP - Key Levels and Analysis
Snap has some pretty strong downward momentum… I would not be surprised to see 40… In fact… that might be a good place to sell some puts… Thinking about it… maybe tomorrow.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
Tump`s TRUTH Social to compete with Twitter and Facebook Donald Trump announced yesterday the creation of the Trump Media & Technology Group (TMTG) which will develop and launch a new social network!
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook.
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter/Facebook platform? we know Trump is in war with them!
Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers.
if every one of them buys DWAC, the SPAC with which TMTG will merge, for only 100usd, the mk cap will be 9Bil. now the Market Cap of DWAC is 1.635B. So still a 5.5X upside.
The irony is that the same hedge funds that sponsored the campaigns of Hillary and Biden, now invested in Trump`s SPAC. :)
Investing right now could be like planting the seeds in Facebook back then.
My extremely speculative valuation is half the market cap of Twitter by year`s end, so considering half of Twitter`s mk cap and 1.7Bil valuation for TMTG at 10usd results 150usd price target!
We bought DWAC at 12.84usd in our trading group.
I look forward to read your opinion about this!
WATCHING $TWTR for 54.90 - Key Levels and AnalysisWATCHING $TWTR for 54.90 - Key Levels and Analysis
Earnings prediction time…
I do not have a position at this time but will start one if it gets to 55
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
WATCHING $SNAP for 67.55 - Key Levels and AnalysisWATCHING $SNAP for 67.55 - Key Levels and Analysis
Massive divergences on the larger timeframes.
This will likely make it’s way toward 67.55 and at that point I’ll probably be looking to start a small position and add if it goes lower…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
Tweet Tweet TWTR Ready to Flyyyy away… easy to spot breakoutThere are both technical and fundamental reasons this breakout is imminent and $100 is an easy target short to mid term. Notably $100 is a conservative target. The news in the social media “metaverse” is about to get even more interesting.
Set your stop loss below $50 to be safe, below $60 if you’re playing this tight. Potential gain of 50% and potentially only the beginning for this sleeping giant. Or should I say big bird? You be the judge. Always manage risk and have a game plan. Do your own analysis. Try to disqualify.
$FB - Key Levels and Analysis$FB - Key Levels and Analysis
Still watching FB for 310… This is still the same target from Oct. 5th… it has not changed but I wanted to repost since earnings are in 5 days.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!