Jump to content

Meta Platforms Inc.(META) Elliott Wave Technical Analysis 16 February 24


Recommended Posts

Posted

META Elliott Wave Analysis Trading Lounge Daily Chart, 16 February 24

Meta Platforms Inc., (META) Daily Chart

META Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Motive

POSITION: Minute wave {v} of 3.  

DIRECTION: Topping in wave {v} of 3.  

DETAILS: We can see a strong move to the upside from the 80$ lows. We are looking for a wave (5) in place or else what is labelled as wave (3) and (4) could be higher degree wave 1 and 2 and we could now be within higher degree wave 3.

Technical Analyst : Alessio Barretta

 

 

927f6aafea6cd7b142e6a8b69067d1c3

 

 

 

META Elliott Wave Analysis Trading Lounge 4Hr Chart, 16 February 24

Meta Platforms Inc.,  (META) 4Hr Chart

META Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (i) of {v}.

DIRECTION: Continuation higher towards wave 3 target.  

DETAILS: Wave 3 target stands at least at 500$, hitting a TL5. We also have Fib relationship of 2.618 3 vs. 1 at 530$. We could overall expect the 500$ target to be reached before seeing major downside pressure into the market.

 

668abd827b05469ec1b94f85e00d694c

 

 

 

Welcome to our META Elliott Wave Analysis Trading Lounge, your ultimate source for comprehensive insights into Meta Platforms Inc. (META) using Elliott Wave Technical Analysis. As of the Daily Chart on 16th February 2024, we explore significant trends guiding the market.

* META Elliott Wave Technical Analysis – Daily Chart*

In terms of wave dynamics, we identify a dominant impulse function with a motive structure. The current position is in Minute wave {v} of 3, indicating a potential topping in wave {v} of 3. We observe a robust upward movement from the $80 lows. Our analysis considers the possibility of wave (5) being in place, or alternatively, wave (3) and (4) could signify higher degree wave 1 and 2, suggesting the onset of higher degree wave 3.

*META Elliott Wave Technical Analysis – 4Hr Chart*

Here, the wave function remains impulsive with a motive structure. The present position is in Wave (i) of {v}, signaling a continuation higher towards the wave 3 target. The wave 3 target is anticipated to be at least $500, intersecting with TL5. Additionally, there's a Fib relationship of 2.618 between wave 3 and wave 1 at $530. Overall, we expect the $500 target to be reached before witnessing significant downside pressure in the market.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Ondo (ONDO) is poised for a massive breakout, with experts predicting its price could soar to $2 in 2025! One of the key factors driving optimism for ONDO token is the possibility of it being listed on Binance, one of the world’s most popular cryptocurrency exchanges. A leading analyst, Grey BTC, recently pointed out that Binance has accumulated 600,000 ONDO tokens, signaling that a listing could be imminent. Such a listing would likely trigger a massive price surge for ONDO crypto, with experts predicting it could soar to $2 or even higher once the listing happens. The another factor is Ondo coin focus on real-world assets (RWAs), particularly through its collaboration with BounceBit, is also a major factor contributing to its bullish outlook. By integrating RWAs into its decentralized finance (DeFi) ecosystem, Ondo is paving the way for greater adoption and use cases. This innovative approach is attracting more investors, and analysts believe it will fuel further price appreciation for ONDO coin in 2025. Ondo coin price has been steadily climbing in value, with its current price at $1.84 (as of December 12, 2024), reflecting a 7.06% increase over the past week. The market capitalization of Ondo coin is approximately $2.77 billion, placing it at rank #64 in the cryptocurrency market. The coin has a 24-hour trading volume of about $672.5 million and a circulating supply of approximately 1.44 billion ONDO tokens, with a maximum supply capped at 10 billion tokens. source - Coinpedia market   Analysts predict ONDO price could hit $1.99 by the end of this month, thanks to ongoing developments and partnerships within its network. As the coin gains attention, many are looking to it as a strong contender in the crypto space. Based on the Coinpedia data, the cryptocurrency is expected to see substantial growth. Here are the potential price predictions for Ondo (ONDO) from 2026 to 2030: These price projections highlight the exciting growth potential for ONDO price as it continues to expand within the market. Keep an eye on its journey toward these predicted values, with analysts forecasting consistent growth year over year. For more insights into Ondo price prediction 2025 and future growth potential, visit our detailed analysis related to Ondo crypto news This promising Ondo has been making waves in the market, with strong bullish momentum and exciting developments on the horizon. Investors are scrambling to get in early before the price explodes!
    • Ondo (ONDO) is poised for a massive breakout, with experts predicting its price could soar to $2 in 2025! One of the key factors driving optimism for ONDO token is the possibility of it being listed on Binance, one of the world’s most popular cryptocurrency exchanges. A leading analyst, Grey BTC, recently pointed out that Binance has accumulated 600,000 ONDO tokens, signaling that a listing could be imminent. Such a listing would likely trigger a massive price surge for ONDO, with experts predicting it could soar to $2 or even higher once the listing happens. The another factor is Ondo focus on real-world assets (RWAs), particularly through its collaboration with BounceBit, is also a major factor contributing to its bullish outlook. By integrating RWAs into its decentralized finance (DeFi) ecosystem, Ondo crypto is paving the way for greater adoption and use cases. This innovative approach is attracting more investors, and analysts believe it will fuel further price appreciation for ONDO coin in 2025. Ondo price has been steadily climbing in value, with its current price at $1.84 (as of December 12, 2024), reflecting a 7.06% increase over the past week.   Analysts predict ONDO coin could hit $1.99 by the end of this month, thanks to ongoing developments and partnerships within its network. As the coin gains attention, many are looking to it as a strong contender in the crypto space. For more insights into Ondo price prediction 2025 and future growth potential, visit our detailed analysis here.   This promising Ondo crypto has been making waves in the market, with strong bullish momentum and exciting developments on the horizon. Investors are scrambling to get in early before the price explodes!
    • Solana’s (SOL) price has shown signs of stabilizing, sparking hopes for a bullish reversal. Currently trading near $230, the Solana price today is approaching a critical resistance level. Technical analysis reveals that the Relative Strength Index (RSI) is neutral at 48.36, signaling that bears are not in full control. A decisive close above $231, which aligns with the midline of the Donchian Channel (DC), could trigger a resurgence in buying activity. If achieved, the next Sol crypto price target lies at $259, marking the upper band of the DC. However, failure to sustain above $230 could invalidate this bullish outlook. On the downside, strong support at $203 could act as a safety net for the price of Solana. Recent whale activity has bolstered optimism. Over the past three days, large investors have increased their SOL holdings by 186%, signaling growing confidence in a potential price rebound. Also Read: Filecoin Price Prediction 2024, 2025, 2030 On-chain data reflects increasing adoption, with Solana’s Total Value Locked (TVL) nearing $9 billion and unique wallets surpassing 5 million. Innovations like Token-2022 and Actions API continue to expand real-world use cases, pushing Solana closer to its All-Time High of $259. Experts remain bullish, with long-term Sol price predictions targeting $600 by 2025
×
×
  • Create New...
us