Facebook Closed Yesterday Up 0.14%

The Daily View for Facebook

  • At the time of this writing, FB’s price is up $0.91 (0.3%) from the day prior.
  • Facebook has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Facebook. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning below it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Facebook’s hourly price chart is shown below.

FB

The Daily View for Facebook

  • At the time of this writing, FB’s price is up $0.41 (0.14%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Facebook. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 10 daily candle timeframe, so the meaning of the candles may require further exploration.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Facebook.

FB

Featured Facebook Idea From TradingView

Below is a trading comment entitled Updated- XRP:USD short term trend analysis (4/19/21) you may find interesting:

fb group herehttps://www.facebook.com/groups/410798420165701for the days ahead- i imagine the price of xrp will continue to bounce around within this triangle leaving major support and resistance untestedlooking at the fib time levels of btc moves and the time time levels of xrp money flow index- there is a nice overlay occurring near the end of april which coincides with the end of the geometric pattern.~40 days to hit next targettarget set 7.10 – 10.00

cryptoger