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Meta

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