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BLOK IS LOCKED AND READY TO GO.. (MY OPINION)BLOK is trading well. That chart still looks extremely bullish. I believe the only thing that could set it behind would be bad news to the general market. At that point, it would go down and tag the .0786. Please know that as we go into the end of NOV, we have not had the normal NOV dip that trends on that charts. I hope everyone is trading well, and I'm looking forward to this one taking off since I just bought some myself at .085 and .083. Be safe and trade safely.
Long
by Ashton_M
11
FB Update + Spinning Top ** AN Update on my previous FB post FB is playing out perfectly and looking to continue this bullish breakout. Having recently changed its name and business model, we have seen lots of hype and talk about FB, or META as its now called. I think that META will become a huge player in the next 10 years and this is definitely a good area to start accumulating shares for the long term On the weekly chart we have seen FB create a BULLISH spinning top candle, indicating bullish momentum. This is a good indication of short term trend and was where I entered spreads and shares. For this play, we are looking at the short term. After breaking down from its upward channel, it was on a strong downtrend for around 6 weeks, moving back into a demand zone at the $325 area. We have seen a strong bounce on both the weekly and daily charts indicating a strong demand zone, and a possible reversal. Has been playing out perfectly and I am already in spreads for January. I still believe we are at a good price and will be accumulating more shares as well. Good luck everyone.
NASDAQ:METALong
by GringoRiley
Will Facebook/Meta Flatform FALL to 309 ??? I am checking FB, H4 chart: - In the last time the Falling Wedge price pattern detected, price raised from 321 to 341. - The recent price pattern detected is Rising Wedge, 2 days ago. Price started to FALL from 335 and now moving around Support level at 324. - The next Support level is 309. Will it break the current Support level to FALL to 309? In this idea, I used Smart Pattern indicator to auto-detect pattern and Smart Vision Ultimate indicator to auto-calculate Support/Resistance levels.
NASDAQ:META
by live_indicators
1
MANA! Set up META! This about to be epic. Making virtual land the only way to buy is THROUGH MANA!. Awesome! It will be like MRNA in Covid Times $$$$$$$$$ Well let’s see if this goes lower. I am working on other set up. Subscribe to make sure you don’t miss it. This one Falls In our research on swing set ups with a good ratio of Risk and Reward. As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio. Subscribe and don’t miss OUT the next research. Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains. Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
COINBASE:MANAUSDLong
by JhonMontana
1
Meta, 9 Nov. Elliott Waves | Gann Levels | GeometryFB bounced precisely on the 0.5 Fib retracement (large blue box) of the previous wave 3 (yellow count). The breakout of the descending wedge gave us confidence to re-enter the trend. The metaverse narrative is driving price at the moment. At a later stage we will see that the metaverse idea may fail for several reasons, but that time is not now. When euphoria rules, we just go with the euphoria. Elliott: An ABC (blue count) is likely completed, so that we can expect wave 5 (yellow count) to unfold. If correct, this will lead to new ATHs for Meta. Currently we are in wave (i) so that a deep retracement is possible. Below 318 the bullish idea is invalidated. Gann: Support: 312 Resistance: 370 Correlations: Yield approaches a diagonal support at 1.500 where it could reverse. This would further strengthen DXY and hurt QQQ. QQQ itself appears to be re-accumulating to go higher at this point. How I trade it: The blue box is the 38-65% retracement of the current wave. If wave (ii) retraces into this area, we get a good risk/reward opportunity to add long exposure. The idea is to participate in a wave (iii). ___ In my analyses I combine Elliott waves and Gann theory to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to write options when markets range and volatility contracts. BTO = buy to open STC = sell to close STO = sell to open BTC = buy to close TD = Theta Decay (for example a strangle or iron condor) Disclaimer: The views and ideas expressed in this analysis are that of the maker, they are provided as educational information and do not constitute financial or trading advice.
NASDAQ:METALong
by UnknownUnicorn12250317