[FLOKIUSDT] - NEW ATH SOON!Breaking out many important resistance in daily chart:
- the descending channel , 50 ema ..
now extremly bullish and trading above 0.618 fib (golden level)
floki now top gainer in binance.
closing above the 0.618 meaning a new ATH is coming!
appreciating for supportingus with ur "like" and hit "follow" for more ideas🎯
Metaverse
Meta Platforms 33-Days Cyclical price patternThere are many ways to make money with stocks. You can buy well-managed companies with growing earnings, hold them for years and watch the stock prices rise as the company succeeds. This conservative investing style sometimes rewards investors with huge long-term gains. For example, early investors in Microsoft or Bitcoin saw their investments grow MultiX in a decade.
This is what patient long-term investors dream about. But more often buy-and-hold investors don't hit the jackpot; rather they realize more modest returns.
Another investing style is to trade stocks very frequently with the help of computer programs that buy and sell shares of selected companies. Here traders make small profits or losses on many trades minute after minute. If you like lots of action while you're glued to a computer screen, this investing style might be for you.
Cyclical Price Pattern - An Opportunity to Make Money
And then there is every imaginable money making scheme that falls between the above two styles. You can buy mutual funds, exchange-traded funds, index funds, buy and sell individual stocks, time the market, buy on margin, sell short, buy and sell options, reinvest dividends, or some other variation on the theme. Talk with fellow investors and everyone has their own tailor-made approach to investing.
This article is about one investing style - buying and hold Meta Platforms (META) shares using Cyclical price pattern.
It's a style that I use and I know it makes money.
Buying cyclical stocks for a profit at certain points is a huge challenge but with commitment, multi-year trading experience and the proper technical tools you can consistently make money over your investing career.
Cyclical price pattern is very simple to understand. A single cycle has an upside during which prices rise to a peak and a downside or cooling off when prices fall to a bottom.
Based on this cyclical price pattern, I expect further upside price action in Meta Platforms stock, somewhere until National Unicorn Day.
Days to go: 33.
STARLink: $0.00 00 50 | of Space Stations in the Metaverse
it's up 40x and early investors are having a blast
great team (think Shiba Inu) with higly driven community managers
should be a par with Sandbox and Mana
reminds me of THETA when it was early and big shots were accomodated at the bottom which flushed out weak temporary pals
before the bigger run up
📈SAND Futures: Short-Term Trading Analysis⚡️🔍Exploring SAND, a metaverse venture with long-term potential, we shift our lens to short-term trading prospects within SAND futures, scrutinizing a 4-hour timeframe.
📈Beginning with candlestick analysis, SAND witnessed a notable decline post-breaking the 0.5629 support, settling near 0.382, thereby forming a consolidation zone between 0 and 0.382. The duration of this range remains uncertain.
💥RSI, after touching a support level at 13, now stabilizes around 50, signaling a reset amid price stabilization. Await RSI's confirmation as it forms a new structure. Meanwhile, volume diminishes post-reaching the 0.4050 floor, synchronizing with the consolidation phase, implying reduced activity during price correction.
📉For potential short positions, monitor a breach below 0.4050, presenting potential entry points, with an initial target set at 0.3647. Conversely, exercise patience for long positions, awaiting confirmation near 0.4710 or a bullish move followed by a correction.
📝Stay vigilant as SAND's short-term trajectory unfolds, capitalizing on emerging opportunities while navigating market dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
META to $455Overview
META is approaching a possible landslide that may take the share price to around $455. An influx of insider liquidation paired with healthy market skepticism supports the possible correction.
Fundamentals
Overall the company appears healthy according to their 2023 Annual Report. The only filings that I found concerning was the abundance of 144s that indicate insider liquidation. As of late, insider liquidation has been heavily present amongst most of the Magnificent Seven companies (GOOGL, AMZN, NVDA, and TSLA)
Technicals
A bear flag is forming after the rally momentum rounded out and is now beginning to develop a descending triangle. The oscillators don't support a breakdown at the current time so a possible bounce back to the triangle's resistance line around $505-510 is possible as the pattern continues to develop.
Meta Madness: Big Crash or Further Surge After the Mega Rise?Meta is a particularly intriguing stock that experienced a significant selloff at the end of 2021, with an overall pullback of 77%. Since then, however, we've witnessed an extraordinarily robust surge of 444%, which is remarkably strong. Yet, this rise came without any interim corrections, raising questions about when such a correction might occur. We've concluded our Wave I in September 2020 and have since formed an ABC correction, ending Wave II at $88.41. Following this, we've seen a rise to, and here's where it gets interesting, two possible scenarios: either an overshooting Wave (B)—note that this would mean Wave 1 isn't where it currently is, but rather at the Wave (B) level of $384. If Wave (B) precisely hits 138% at $496, which we've exactly reached without exceeding, this is where our concern lies. We'd like to see Meta invalidate this scenario by surpassing the $496 mark for a larger pullback to occur. Primarily, however, we're inclined to believe that we're heading into a Wave (2) correction, expected to lie between 50 and 78.6%, that is, between $288 and $174. Following this, the trajectory for Meta is anticipated to climb significantly, but this remains a scenario for the distant future.
memories of a bull market in Metaverse tokens .... #SAND has a inverted head & shoulders in the works
That has some nice targets
SEcond cycle
so it in most likelihood it falls short of the previous high as is customary for altcoins
but the previous cycle's action is enough to attract speculative capital into these type of coins
to ride a memory pump
there you go.
The J-Curve theory and the recent IMX performanceSince it's launch, the IMX token has experienced significant volatility, trading between $5-9 and now stands at roughly $0.80 with a historical low of around $0.30.
The trajectory of the IMX token indeed align with the principles of the J-Curve Theory. The initial period of high valuation post-launch, followed by a sharp depreciation, reflects the downward slope of the J-Curve. If we are assuming that the bottom of the curve was around $0.30 the subsequent recovery to the $0.80 region suggests the start of the upward slope.
For this reason, I'm willing to take the bet and started to DCA long-term spot position for IMX.
However, it's important to note that while the J-Curve Theory can provide useful framework for understanding these price dynamics, the cryptocurrency market's inherent volatility necessitates caution. I'll be closely monitoring the future trends of the IMX token to further verify the applicability of the J-Curve theory and inform potential investment desicions.
META Technical Analysis and Trade Idea#META has experienced a remarkable bullish surge. However, the 1D timeframe indicates potential weakness as we see the trend ranging sidweays creating lower highs. We are considering a possible retracement towards the 50-61.8% Fibonacci zone potentiall trading through the gap evidenced on the chart. This area typically attracts increased liquidity due to sell stops, potentially encouraging long positions from institutional traders.
Trading Considerations Meta Platforms:
Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade.
Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot.
Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
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Decentraland/tz1land - Will the Metaverse be Viable in 2024?A deep dive into a few metaverse projects, 2 years after the hype. Is the concept still alive? Is it a viable business model for Web3, going forward? What has changed since?
Metaverse-esque platforms like Roblox (which sports 200 MILLION users per month) has proven that there is demand for such a product. What do platforms like theirs have that Web3 is missing right now?