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Will the Bulls continue?In the past 24 hours, MANA has broken resistance, converted it to support, and is heading towards $3 after slight resistance at $2.88. Should bulls continue, MANA has a little resistance at $3.14, and significant work to do at $3.23, $3.90, $4.43. Many attribute MANA's initial spike because it "sounded" like Meta when FB changed names. This definitely brought attention to the asset, slid with Meta's recent earnings report but has since broken away into an ascending channel. The C&H pattern will break this short-term ascending channel, finding confluence with the 50MA around $2.98. It looks like BTC should be breaking $38k soon too. This is not financial advice.
MLong
by keykomg
1
AMD chart UPDATE Here's my current chart for AMD. I'm not sure what to make of it currently, on the one hand, I love this stock and everything about it. On the other hand, has it found a bottom?? I stopped trading AMD when it hit $120 the first time around, but I am looking to jump back in sometime. My initial reaction is this most recent drop followed by the rise is looking pretty wild (bear trap), especially if we hold over $118. My prediction based on the chart would be that after such a big rise on the near 40% drop, we could easily see some downside, but hopefully not much. Maybe you can sneak a buy of $110-$112, but who knows.. This market has been quite a ride! **Note, I have not looked at any fundamentals yet.
NASDAQ:AMD
by nicktussing77
$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
NASDAQ:METALong
by SimplyShowMeTheMoney
7
FB Meta Platforms: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Met Platforms, Inc. (FB). The chart is self-explanatory. Price has strong S/R areas noted in the chart. There was a recent 1D chart Death Cross last month that should have given an indication that price movement was coming soon. With the traditional markets and the economy a concern, there may still be more downside to go. Included in the chart: Trend line, Support and Resistance Lines, RSI , MFI, MACD, Rising Wedge Pattern, Death Cross, Simple Moving Average, EMA Ribbons, Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have additional charts below on cryptocurrencies, stocks and more to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:META
by MillionaireEconomics
7
Starlink with bullish divergence on MACDHello again. The amount of shoulder-head-shoulder graphic patterns is impressive. What caught my attention at Starlink, is that we may be seeing a bullish head-to-shoulder. However, we have a bearish head-to-shoulder in red as well. Which will prevail? Well, I believe in a reversal of the downtrend, given the bullish divergence on the MACD, with the declines weakening. Also, theoretically, we've probably already finished wave 5. If so, we could be on wave 2 correction, to pullback up and reverse for good. Greetings
SLong
by andre_007
Illuvium diluting in the Metaverse hypeIn the Metaverse startup bubble, we are witnessing the fall of several assets. Here I will analyze Illuvium. The project may be well-reasoned and so on, but the price doesn't lie. We have a book setup here. Bullish waves from 1 to 5. Then we have the formation of a shoulder-head-shoulder figure. If we project the head height to the reverse (down) side, we have the likely target of the bearish wave 5. It can even explode up and reverse (anything is possible), but I believe this is not the time to bet on altcoins.
BINANCE:ILVUSDShort
by andre_007
Buying the FaceBook dipI will take the bet on FaceBook longterm and It’s a gamble as anything is but I don’t see them going anywhere. I don’t have great knowledge that isn’t already known but I know I use some of their products. In fact, almost everyone I know uses something they own.. I also am using a fib extension to predict a future target but also that this sell off may be all in the technical cards.. I’m zooming out and buying the dip. Not financial advice. Happy trading..
NASDAQ:METALong
by ChartFood
2
MANA 35%-56% Rally!If BTC behaves, nothing is stopping MANA from rallying 35% or 56%, depending upon which path it follows. I put the Fib chart up, as I think MANA will face some resistance at $3.31. The C&H has a target of $3.90 (purple). The target from the massive descending wedge is $4.41 (green), 56% above today's high and 73% above the breakout. These targets both line up with the resistance lines (red dot) that I drew back on January 3rd which gives some confluence to these patterns' formation. There may be some typical resistance around $3.50 as well. RSI is 53 on the daily chart, with plenty of room to run. MANA may test support at $2.50, top of the channel it just broke, before heading up? These are just ideas and not financial advice. I'm looking for BTC to break $40k and $42k to be a catalyst for this rally.
MLong
by keykomg
Still on track I love MATIC. I remember researching it back in early 2020, trading it around .017....liquidated it...some millionaire teen from England was moving millions from BTC and ETH over to the project and I just put my standard test amount of $3k at a dip to .013, watched it drop to .011, pit in my stomach grew, but let it ride until I received a notification a couple of months later when it sold at my .25 target...and of course, it spiked to .54 a week later...and then exploded. It is a great project and one of the earlier ones that I felt had more application than the other coins with low market capital at the time. I've been wanting to get back into MATIC, and finally took advantage of the last big dip, catching it at $1.35, above it's $1.30 bottom, upping my investment as it has proven itself as a major player. I'm not going to sell it this time around. Just going to trade it like crazy...I like its relative predictability. It's just a good product with real intrinsic value. As I indicated in a reply to viewer @majinjoe in the hour following my last post, the potential for a small dip to $1.50-$1.55. MATIC dipped to find good support at $1.53 area this morning. The C&H target doesn't necessarily change. How we get there does, slightly. I kept the old lines, added shorter-term targets to the chart and then a couple more should I have time to watch it like a hawk. One reason for me to watch closely is the forever potential for a downside. It is always important to be prepared. I don't really see anything crazy but will watch the potential for the formation of the descending channel in RED. I won't get spooked if it drops from the current 1.59 back to 1.54, creating a little "W" on its way back up to the resistance (15min chart). My short-term targets are $1.85, $1.96, $2.11-$2.15, and $2.19...followed by potential for $2.45 and $3.05. I don't recommend trading all of these levels because this is not financial advice...and they are risky trades. I've been keeping extremely tight Stop Losses these days and my MATIC is actually above what I paid for it @ $1.4498 and will surely buy back in @ $1.35, accumulating an extra 1000 tokens. Good luck.
MLong
by keykomg
3
MANA Decentraland: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Decentraland (MANAUSD). The chart is self-explanatory. Please review the chart for all my notes. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Resistance Zone, Ichimoku Cloud, Volume, Simple Moving Average. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
by MillionaireEconomics