BONK maybe coming out of a downward trend, it broke out of a parallel channel and recently made a Change of Character which may carry out a trend reversal, RSI levels are very strong and CCI levels are healthy. Intraday analysis
Overview: META Platforms Inc. has been at the forefront of reshaping digital interaction through its investments in the metaverse, artificial intelligence, and its robust ad-tech ecosystem. The recent pullback in price offers a potential buying opportunity, backed by key technical levels and promising fundamentals. Fundamental Analysis: - Metaverse Investment & AI Push META's heavy investment in Reality Labs has been a drag on profitability but signals long-term commitment to innovation. Additionally, META has been leveraging AI to optimize its ad delivery systems, boosting revenue from its core business. - Ad Revenue Growth With improving global macroeconomic conditions and advertisers adapting to new privacy rules (post-IDFA), META's ad revenue is expected to maintain steady growth. The upcoming Q4 earnings will be pivotal in assessing this trend. - Cost Optimization META’s cost-cutting measures, including its recent layoffs, show commitment to operational efficiency, which could improve margins moving forward. Macro Trends: - Interest Rates The Federal Reserve’s dovish stance on interest rates could positively impact growth stocks like META, providing tailwinds to its valuation. Consumer Behavior: With digital ad spending expected to grow in 2024, META remains a beneficiary of the increasing shift to online advertising. Technical Analysis: Key Levels: - Buy Zone: $580.39 - $583.25 (Fibonacci 0.618 - 0.65 retracement). This area has confluence with a prior structural pivot and could act as strong support. - Stop-Loss: $574.65 (below the critical swing low). Targets: - Target 1: $604.29 (Fibonacci 0.382 retracement). - Target 2: $659.40 (Fibonacci -0.236 extension). Wave Count: The Elliott Wave structure suggests that META may be completing a corrective wave (WXY). A reversal in the blue "Buy Zone" could signal the start of a new impulsive wave. Momentum Indicators: Elder Impulse System shows bearish momentum waning, hinting at a potential reversal. RSI (not shown) is also approaching oversold territory, supporting a bounce scenario. Trade Plan: - Entry: $583.25 - Stop-Loss: $574.65 Targets: - Target 1: $604.29 - Target 2: $659.40 Conclusion: META offers a compelling buy opportunity as it consolidates near strong support levels. With its focus on metaverse innovation, AI, and cost optimization, coupled with improving macro conditions, META could see significant upside. However, investors should watch Q4 earnings closely and remain mindful of risks associated with metaverse-related expenditures. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
based on Noroks latest video, diminishing returns and extrapolating the angles of the prior cycles. CRYPTOCAP:ETH new target 8k. We are currently at next bear market levels IF history repeats
Description: This trading idea highlights COW (CoW Protocol), a decentralized trading platform that focuses on batch auctions to minimize slippage and maximize efficiency for traders. COW aims to revolutionize the decentralized finance (DeFi) space by providing fair, gas-efficient, and transparent trading solutions. With its emphasis on reducing front-running and ensuring equitable trading experiences, COW has garnered attention as a game-changer in the DeFi ecosystem. Its innovative approach to order execution and cost-saving features makes it a compelling choice for those seeking to engage in decentralized trading platforms. That said, cryptocurrency markets are inherently volatile, and various factors, including regulatory changes, macroeconomic trends, and technological advancements, can significantly impact the price of assets like COW. Caution and strategic planning are essential when trading or investing in such assets. Disclaimer: This trading idea is provided for educational purposes only and should not be considered financial advice. Cryptocurrencies like COW carry significant risk, including the potential for complete loss of capital. Always perform thorough research, evaluate your financial situation, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
The drawing path is just a fun painting, But the Entries, SL & TPs are valid AF. Be Careful about your portfolio. I am gonna cash everything out once price hits my 1st entry. And maybe it wouldn't. :)))))
i entered t bullish divergence last night and running profit now if it will break like head and shoulder then its a perfect confirmation to add margin at break out comment your ideas lets help each other through sharing our views on the market have a nice trade every one
Market Breadth showing Weakness. Drops back below key level. Yield curve starting to steepen, breaking the longest inverted period in history. Looking for the next red monthly inside candle early next year to start getting bearish. Only two rate cuts anticipated next year instead of four.
Earlier this week Tucker BONK was listed on Robinhood. Unlike Coinbase meme drops skyrocketing, Robinhood is a bit slower. BONK rejected and bounced off our fib level at .236 at price .00002703. I might add a bag, not confirmed u til the RSI breaks midline, and breaks our BOS trend line in the 1hr closely. Watching point of interest to break is .00003140. BONK!! LETS GO!
Xrp ( CRYPTO:XRPUSD ) is creating another bullish triangle: https://www.tradingview.com/x/JVo0dUkS/ Click chart above to see the detailed analysis?? Despite the recent rally of +300% on Xrp, this crypto coin is still totally bullish. However at the moment, Xrp is starting to reject a quite significant all time high resistance level. We could see another drop lower from here before bulls will take over again and eventually create new highs. Levels to watch: $2.0, $10.0 Keep your long term vision, Philip (BasicTrading)
Do you all notice how at the exact same time on 21 december 2020 we had a weekly candle of 25 procent correction? yes because we shake the weak hands out with leverage in order to provide room towards the upside. Leave a like and a follow much appreciated!