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Metaverse

$MANA showing some strengthThere will need to be confirmed with a strong close on the daily candle but it MANA is looking very bullish. It has broken a 2-month downtrend with gusto on good volume (roughly 12 million above the 20 day MA), passed a test of the 50 RSI, and is on the verge of a bullish MACD cross. With there now being ETF's for the Metaverse and awareness and adoption rapidly increasing, it is a no-brainer that MANA will go up in value as more and more users join the metaverse and increase transactions/advertisements/DAU/time spent in the metaverse. The technical set-up is really nice too.
COINBASE:MANAUSDLong
by EBITDAtiger
$9 AprilMANA is positioned to hit $2.98. Should MANA get through the $3 psych. resistance, it will be set up for a move to $4.15 with a lot of resistance in the $3.50 area. Breaking the trend line around $3.50 opens the gate to an easy path towards $4.15. I anticipate a 15% drop at that time to retest the former resistance before heading up to $5.40. A sharp drop to $4.22 or even the former resistance line (around $3.20 when the time comes), followed by a parabolic shot to $9.23. This is just an idea, as it will have to get there sometime...and not financial advice. MANA needs to break $3.50 first. This bullish theory will be invalidated with a drop below $2.30.
BINANCEUS:MANAUSDLong
by keykomg
Is Face book undervalueLet’s start with fundamentals: 1.Earning for q4 was about 4 % below estimate (33.67 B) but still 20 % higher than same period last year. 2.Totall net income for 2020 was 29.15 B and for 2021(4 quarters) is 39.37 B. Isn’t it wonderful? And FB is trading at 232$ (is equal to the average price of 2020, but with 34% higher net income.) And after all FB is heavily investing in metaverse. This investment reduces net income for the current year and it will gain it back in near future. Now technical: 1.Who bought 181 M of FB shares yesterday and 42 M of shares until 12 PM while the average volume was about 20 M? Yes, big boys 2.look at the chart at weekly period: The important 200 moving average is touched and since 2016 only was touched 2 times, once in Dec2018 and the second was in March 2020 at the beginning of the pandemic. This moving average is an important support. 3.The volume that has been traded in this week is more than the volume in the peak of covid19 decline. 4.You can see the black line is a very strong support. 5.The CCI level is -385 which is the lowest amount from the IPO 6.The RSI level is 23 which is the lowest amount from the IPO. All saying that it will see the real value.
NASDAQ:METALong
by aliahmadieng1362
DigitalSurf: SANDUSDRecently just hearing of the Metaverse and deciding to take a look closer at SANDUSD (thanks for the idea, Big Dave). The all-time structure suggests that this NFT based virtual asset is currently in a diagonal wave for its Wave 5 move. Considering the present build of the said diagonal, it appears that it may develop in very volatile and aggressively bullish fashion. I anticipate an upcoming test near the range of $10. I also expect this test to find initial failure. Upside pattern becomes immediately invalidated if the red line becomes broken. For more analytical coverage of SANDUSD, BTCUSD and other promising cryptocurrencies, grab a board :)
BINANCE:SANDUSD
by DigitalSurfTrading
5
META /FB Unique buy opportunity to double the investment at $480Following the disappointing earnings, the Meta Platforms stock (formerly Facebook FB) saw a decline of more than -25% in a day. This is not the first time that we see the market panic over FB or its earnings in particular. It is interesting to note that the correction from the September 2021 High is around -38.50%, roughly the same as the January - March 2020 correction due to the COVID outbreak. The price almost hit the 1W MA200 (orange trend-line). During the COVID correction, the price dropped even more to the 1W MA300 (red trend-line) and if that takes place this time around as well, then we should be looking at roughly a -45% correction. The last correction of that magnitude was back in July - December 2018, a disappointing period for FB due to the data scandal, new users decline, security issues and of course disappointing quarterly results. Which is more or less the situation that the company is facing today. As a result, it is easy to understand that FB is familiar with this kind of pressure and all times came out stronger with a Higher High near the next +1.0 Fibonacci extension. So even if we see one last flush to the lower MA period, this seems like a unique buy opportunity for long-term investors. The next Fibonacci extension to fill is Fib 4.0. A target slightly below is $480, which from the current levels represent +100% Return on Investment (ROI) i.e. double the capital. Would you invest a significant portion of your portfolio now on Meta or wait a while longer? Let me know in the comments section below. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NASDAQ:METALong
by TradingShot
11
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.
BINANCEUS:MANAUSDLong
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.
BINANCEUS:MANAUSDLong
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