The BTC cryptocurrency rate for the first time since May 2018 exceeded its highest level. The information Facebook Inc. has signed up more than a dozen companies including Visa Inc., Mastercard Inc., PayPal Holdings Inc., and Uber Technologies Inc. to back the new cryptocurrency that the social-media giant plans to unveil next week and launch next year.
Correction can begin. The correction level is 149 usd. Then it is a falling section again. We expect a lasting turn in the exchange rate to reach 116 usd. The current correction was triggered by a fractal point shaft.
Bearish prediction for Facebook stock ahead of earnings. I think the resistance line I've marked will be tested again, followed by a bounce, and if the earnings report is good we could see the previous gap get filled. This is supported by the RSI indicator.
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After major dip I will expect a bit more bearish momentum after for a few days/week before the bulls come back in full mode
Looking to enter a LONG position at $367-$371.
the dip went to the 61.8% fibs spot on and closed above but last friday's candle makes me believe that we might not hold here but looking with interest for a possible further dip.
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 195.00
• Take Profit Level: 200.00 (500 pips)
If the price...
Facebook is still bullish. Buy the dip. Accounts still active, adverts still being shown. money still flowing in for facebook. Dip wont last long. Daily bullish respecting the trend line. Could see a rally after bank holiday has finished. Tp a modest double top but will probably trail profit depending on how the market moves.
FB closes (179.40) near established support (175.94) after a sharp dip due to negative reaction to its algorithm change to promote Zuckerberg's new safety and healthiness over profitability mantra.
Prior to that, Bollinger band signal shows a bullish expansion; diverging bands, price action follows the upper band, price above the 20 day MA.
The Bollinger band...
10SMA - Entry point
50SMA - Check trend (If price under 50SMA(Bearish trend) , if above 50SMA(Bullish trend and we looking for buy)
TRADER DINAMIC INDEX (Green/Red) - Check entry/exit point as well
In a chart price is above 50SMA, so we looking for buy signals
TRADER DINAMIC INDEX red line cross green line from...
No real change in the Facebook monthly charts, as prices continue to consolidate the sharp fall from the October highs.
One interesting development, however, is the deterioration in price action relative to the S&P500 Index. If this deterioration continues, asset managers will likely be forced to reduce Facebook exposure, and move into more compelling names.