WLD: Manipulation SetupWLD (Wild) is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for a centralized intermediary.
WLD has been trading in a bullish pattern on the 1-hour time frame, which suggests that it is currently in the manipulation phase of an accumulation, manipulation, and distribution (AMD) cycle.
The AMD cycle:
The AMD cycle is a popular technical analysis model that describes the three phases of a market cycle:
Accumulation: During this phase, large buyers accumulate tokens at low prices, often creating a bullish chart pattern.
Manipulation: In this phase, the price is manipulated to create the illusion of a strong uptrend, attracting retail buyers.
Distribution: In this phase, the large buyers sell their tokens at high prices, causing the price to dump.
WLD is currently in the manipulation phase:
Volume increase: The trading volume has been increasing over the past few days, which is a sign of manipulation.
Social media hype: There has been a lot of hype surrounding WLD on social media, which is also a sign of manipulation.
Price movement: The price has been moving up in a parabolic fashion, which is another sign of manipulation.
Why this is a good time to buy:
Early entry: The market is still in the manipulation phase, which means that there is still time to get in before the price dumps.
Strong support: The price is currently trading above a strong support level, which could provide a good entry point.
Potential for a big move: The AMD cycle suggests that the price could move significantly higher in the distribution phase.
Conclusion:
WLD is currently in the manipulation phase of an AMD cycle. This could be a good time to buy, as the price has the potential to move significantly higher in the distribution phase. However, investors should always do their own research and exercise caution before investing in any cryptocurrency.
AI
NVDA Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
--------------------
1-18-2024
GREEN UMVD pushing the price UP with a strong Green TrapZone.
ARM - Momentum trade SMCI set some wild fire across all Semi-names. There will many sympathy plays across this sector this week, IMO.
I caught the ARM Short squeeze last week from 120 to 160. and I got few more commons when it dipped.
Below is the trade plan for commons, If you are trading options, have a tight stop loss.
Long between 137-145
Stop Loss - 130
Target #1 154
Target #2 172
Target #3 186, after a pullback.
NVIDIA 1000 SOON ?NVIDIA Corporation (NASDAQ: NVDA), a leading player in the technology sector, has been showing promising signs that could potentially drive its stock price to reach the $1000 mark. Here’s why:
Strong Financial Performance
NVIDIA’s financial performance has been impressive. In 2023, NVIDIA’s revenue was $60.92 billion, an increase of 125.85% compared to the previous year’s $26.97 billion1. Earnings were $29.76 billion, an increase of 581.32%1. This strong financial performance indicates a healthy and growing company.
Positive Analyst Ratings
The consensus rating for NVIDIA stock from 41 stock analysts is "Strong Buy"23. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Future Growth Prospects
According to forecasts, NVIDIA’s revenue for the year 2025 is expected to reach $136.09 billion, representing a growth of 21.67% from the current year1. The EPS for the year 2025 is forecasted to be $30.41, representing a growth of 22.03% from the current year2. These growth prospects could potentially drive the stock price higher.
Dominance in AI and Gaming
NVIDIA’s pivotal role in the artificial intelligence market and its dominance in the gaming industry are key factors that could drive its stock price. The company’s GPUs are widely used in data centers, gaming, and AI, sectors that are expected to grow significantly in the coming years1.
Bullish Technical Indicators
Based on technical indicators, the current sentiment is bullish and NVDA could hit $2,813.93 in 20254. This might be a good time to open fresh positions on NVDA, as trading bullish markets is always a lot easier4.
While the road to $1000 may have its ups and downs, the combination of NVIDIA’s strong financial performance, positive analyst ratings, future growth prospects, and dominance in key sectors makes a compelling bull case for its stock.
18/03/24 Weekly outlookLast weeks high: $73775.8
Last weeks low: $69170.3
Midpoint: $64564.9
After making consecutive new ATH's Bitcoin has now experienced it's first prolonged pullback. Before these last few days we saw each dip as more of a leverage flush with a near instant V-shaped recovery. This however is more of a traditional pullback, the main level of note is the previous cycles ATH of SWB:69K . The MIDPOINT now signifies that level and for me and on the HTF a potential Swing Fail Pattern (SFP) . If we do see a clear rejection off SWB:69K This could be the start of one of Bitcoins signature 30% Bullrun pullbacks to punish late longers and any unexperienced retail holders. This would see price drop to FWB:52K area.
Personally I think leverage flushes are going to be common place as they always are and we are due a routine pullback, A pre-halving pullback occurred in the previous halving, -20% before rallying post halving. If we assume history will repeat itself then that would see price fill the large wick at GETTEX:59K from the previous flush, entirely possible in my opinion.
As for the bulls, the ETF'S have been buying up any sellside pressure since the beginning of the calendar year and with the halving only ~30 days away it's hard to see Bitcoins price being allowed to fall as what is essentially a land grab is going on, there are simply too many buyers.
The Nvidia AI conference begins today! Monday until Thursday and the crypto space is anticipating volatility to come from this event. Projects such as RNDR, FET, NEAR and other AI & DePIN tokens are expected to be impacted the most. The question is always going to be is this a sell the news event? The AI space has rallied significantly in the previous months however I would say that company with a valuation of $2.2T, (roughly 50% more than the entire market cap of Bitcoin) , bringing attention to these crypto projects and at least making the link between the two is a positive for the industry and can only bring more attention and money to the space.
Semiconductor Bull Run: more steam ahead, but take cautionSome industries are notoriously cyclical. Semiconductor is a prime example. It swings to the extreme on both bullish and bearish sides. While the industry is in a bull run, investors can still participate in its rise but with caution.
The PHLX Semiconductor Index (“SOX”) is a modified market-cap weighted index. It is composed of semiconductor firms involved in the design, production, and distribution.
This paper dives into the factor’s driving SOX performance. It expounds on the cyclical nature of the industry, and its outlook fuelled by AI frenzy.
Finally, this note posits a hypothetical spread trade to gain from index outperformance relative to the broader market. The spread has been found to be more resilient that an outright position in SOX ETF or futures.
UBIQUITOUS AI
AI here. AI there. AI everywhere. AI by far is the single most driver of SOX outperformance. VANTAGE:NVIDIA , the AI darling commands ~10% of the SOX. Other AI majors include Broadcom (9.3% weight) and chip equipment maker ASML (4.5% weight).
The strongest profit harvester of AI boost is Nvidia. Expectedly, it has strongly outperformed SOX. AI-driven demand is evident in its financials. In 2023, its revenues rose by 125% YoY while Net income spiked by a jaw-dropping 580%.
Consistent earnings beat-and-raise has propelled its stock prices to more than 500% gain since the start of 2023. Outsized impact of Nvidia’s earnings is from AI data centre sales.
AI NOW, AND MORE IN THE FUTURE.
Nvidia is clearly benefiting in the near-term. Other majors are ramping up their AI offerings. Notable among them are NASDAQ:AMD (9.8% weight in SOX), VANTAGE:INTEL (6.75%), and $Qualcomm (7.5%).
These firms are yet to witness a major AI driven boost. 2023 data centre revenue for these firms remained underwhelming relative to AI winners such as Nvidia and Broadcom.
Broadcom’s AI driven demand for its networking solutions led to revenue of USD 2.3 billion in Q1 2024 which represents a four-fold increase YoY, reported MarketWatch. For 2024, they forecast AI-driven sales to reach USD 10 billion.
Data Source: TradingView
Meanwhile, Intel, AMD, and Qualcomm are in the process of launching their own AI offerings.
Qualcomm’s updated Snapdragon X Elite chips runs on ARM architecture. These offer enhanced AI capabilities, energy efficiency & performance compared to current platforms from Intel and AMD.
AMD updated its guidance for AI graphics offerings to USD 3.5 billion this year (v/s two billion previously). Although, below expectations, the raised outlook signals that sales ramp up is yet to materialize.
Intel is planning to launch AI PCs. Uniquely, in such PCs, AI inference will be localized on the user’s machines rather than on the cloud. Like Qualcomm, Intel’s AI PCs may revive its faltering PC sales.
NEXT TO AI, REBOUND IN MOBILE PHONE SALES IS HELPING THE INDUSTRY
Beyond AI driven demand, rebound in smartphone sales highlighted by Counterpoint Research has helped change the fortunes of this industry. Final quarter of last year marked the first quarter of annual growth after 7 straight quarters of declining sales volume as per their report .
Smartphone sales rebound benefits not just mobile chip makers like Qualcomm but also manufacturing service providers like TSMC.
SEMICONDUCTOR INDUSTRY IS NOTORIOUSLY CYCLICAL. FORTUNATELY, BULL CYCLE FOR NOW.
Semiconductor industry is prone to cyclicality. It is impacted by idiosyncratic consumption patterns. As a result, industry runs into large inventory buildups resulting in gluts for outdated products and shortages for new ones. Due to the rapid innovation rate, production sizing is hard. Even harder is for manufacturing output to adjust to shifting demand dynamics.
Cyclicality is on over-drive these few years. Pandemic disrupted chip production while demand remained robust. Subsequent shortage impacted not just semiconductor firms but also various other industries reliant on chips.
Manufacturers ramped up production to meet high demand. Soaring inflation drove central banks to raise interest rates. This caused consumer spending, especially on discretionary electronic items to nose-dive. This dynamic rapidly drove chip inventories from a severe shortage to demand crushing glut. What followed was painful mark-downs and profit crushing unit sale declines.
Cyclicality is ingrained in this industry due to its consumption, innovation, and growth cycles. As an example, consider VANTAGE:INTEL ’s revenue and profit. VANTAGE:INTEL derives majority of its revenue (54% in 2023) from its Client Computing division comprising of consumer-focused processors.
The impact of seasonality is also palpable in the net income of memory manufacturer $Micron.
HYPOTHETICAL TRADE SETUP
Robust financial performance is evident for some stocks within SOX. Other names within SOX are yet to reap the harvest of top-line and bottom-line growth from AI.
Notwithstanding, SOX continues to rise. It is up +100% relative to the start of 2023 when AI-driven hype came to the fore. Over exuberance and risks of a bubble are clear. A macro slowdown or industry-specific setback could drive a sharp reversal in SOX.
Instead of an outright position in SOX ETF or Futures, spreads between SOX and other equity indices shows that SOX/S&P 500 spread makes for a compelling hypothetical trade setup.
SOX/S&P 500 spread offers improved upside relative to SOX/Nasdaq-100 and SOX/XLK spread. It also offers resilient performance during sharp corrections (August to November 2023).
The SOX/S&P 500 spread is 36% higher since the start of 2023 and close to its highest level seen during 1995 and 2000. For reference, the SOX index is up 80% from 2023 and soaring far above previous all-time-highs. This implies that much of the recent run-up in SOX has come alongside a broader rally in the S&P 500. SOX outperformance is likely to continue while SOX tailwinds remain intact.
A hypothetical spread trade comprising of two lots of long CME E-Mini PHLX Semiconductor Sector Futures (“SOX Futures”) and short one lot of CME E-Mini S&P 500 Futures can offer a reward to risk ratio of 1.5x. Two contracts of SOX Futures are required to match the notional for one contract of E-Mini S&P 500 futures.
• Entry: 0.927
• Target: 0.97275
• Stop Loss: 0.897
• Profit at Target: USD 11,783 (+4.9%)
• Loss at Stop: - USD 7,893 (-3.3%)
• Reward to Risk: 1.5x
MARKET DATA
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DISCLAIMER
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AIT Protocol to rise 2.3X v ETHConsolidations lead to expansion moves
we know this or should by now right?
AITWETH has already done one expansion move
and is now on the verge of doing another
Simply cloning the amplitude of the consolidation
will guide you to the move that is going to happen down the road --- simple.
Worldcoin: The Future of Digital Identity What happens when 90 plus percent of everything we interact with and see on the internet is created or enhanced by AI?
A new project has emerged with the potential to revolutionize the way we think about digital identity. Worldcoin, co-founded by Sam Altman of OpenAI, aims to create a global network of digital identities for a world where AI robots become harder to distinguish from humans.
At the heart of Worldcoin is the concept of "proof of personhood," which is becoming increasingly important as AI technology advances. The project utilizes an innovative approach to identity verification through the use of an "Orb" device that scans people's irises to ensure they are unique human beings.
"It is a way to verify humanness truly at population scale, independent of governments, able to scale to billions of people. And that is what we call World ID, which underlying is a biometric verification device that we call the orb, that you see here, that actually allows us to do that. So that is World ID, that's building block one. And two is a digital currency called Worldcoin that everyone that actually verifies for World ID receives ownership in it. That is the protocol level. And then also, to get all of this going, we built the first app that connects to the protocol that we call World App So that's a non-custodial wallet that lets you send money to your friends, lets you verify with your World ID and kind of brings together many of the technologies that came out of crypto in the last couple years and just makes them very easy to understand and use" - Alex Blania CEO, Tools For Humanity
But Worldcoin is not just about identity verification. The project also aims to provide a universal basic income through the distribution of its MIL:WLD token to every human. This bold vision could have a significant impact on financial inclusion and help to address some of the economic challenges that the world is currently facing.
The association with OpenAI and Sam Altman has generated significant interest in Worldcoin, with the project raising $115 million in a Series C round led by Blockchain Capital. The project's token, MIL:WLD , has seen a surge in price, reaching $9.35, according to CoinMarketCap data.
Now, let's look at the MIL:WLD token. With a total supply of 10 billion and a current circulating supply of 104 million, there's still a lot of room for growth. This is a potential proxy for the public to invest in OpenAI, the largest AI research company. And if the project continues to gain traction, the demand for the token could increase, potentially driving the price up.
While there are still many unknowns about the future of Worldcoin, the project's ambitious goals and innovative approach to identity verification make it one to watch in the world of cryptocurrency and AI.
Most will wait till MIL:WLD is listed on major exchanges....by than what price will it be!? As always, early bird gets the worm.
RNDR longRender bounced off the 0.618 Fibonacci retracement level. The bullish trend is expected to continue and reach the local top at $12.7
NVDA 2023 GTC - Before / During / AfterWith GTC 2024 approaching next week (starting 3/18/24) I did a look back to GTC 2023. There is obviously more hype going into this year's event (and different macro conditions), but may be useful to reflect.
This year Nvidia peaked near 975 on Friday 3/8 and fell sharply that very day. It's since recovered as of this writing to about 875.
Let's see how it all plays out this GTC and the weeks that follow.
RNDR CUP & HANDLEI'm already positioned on RNDR from the bottom of the cup and the handle.
From now on, I'll accumulate every strong drop.
I'm waiting for the price to drop so I can buy more.
I'm expecting new ATHs for 2024/2025, be patient.
Here is another easy 3x PALMAII am showing you the way to make money. After some awesome call this year, here is another one. PALM AI is definitely an incredible opportunity. I just bought some here at $1.55 and i think we can 3x in some weeks, reaching $4.5. Here i will sell just 50% of my holdings, because the coin has a great potential to 10X
1000x Challenge Trade 2 AIPG looks good to make some money! Price is accumulating from months, and i expect a breakout soon. It's going to be listed on MEXC and as everyone should know, new lists on MEXC generate a a pump and dump moves. I expect it to pump till new ATH and next drop again. I will try to catch that moves placing a sell limit order at tops
AGIX - LONG TERM - AGIX is the native token symbol of the SingularityNET network, a global blockchain-based ecosystem that facilitates the exchange and utilization of artificial intelligence (AI) in a decentralized and transparent manner. SingularityNET was founded by Ben Goertzel and his team with the goal of democratizing access to advanced AI technologies and creating an open space for innovation and collaboration in the field of artificial intelligence.
The AGIX token is built on the Ethereum network's ERC-20 standard and is used to facilitate various activities within the SingularityNET ecosystem. These activities include trading AI services and products, paying for the use of AI services, rewarding developers for their contributions to the network, and participating in governance votes for community decisions.
Through SingularityNET, users can access a variety of AI services and algorithms, such as voice recognition, data analysis, image classification, and many more. The ecosystem encourages collaboration between developers, researchers, and users to continuously improve and expand the range of available services and products.
A distinctive aspect of SingularityNET is its decentralized approach, which eliminates intermediaries and provides a transparent and fair environment for all participants. Using blockchain technology and smart contracts, SingularityNET ensures data protection and transaction security while promoting innovation and collaborative growth.
In conclusion, AGIX is a central element of the SingularityNET ecosystem, providing the means for interaction and trading within the network and contributing to the realization of SingularityNET's vision of democratizing access to advanced AI technologies.
CAUTION: Arthur Hayes Likes This Coin, So Expect It To -90%!CAUTION!
Filecoin is a coin being shilled by Arthur Hayes, he even expect it to go $100, which is extremely unlikely.
It is obvious he doesn't know A THING about the coin's massive inflation.
Because of this, it could drop to $1 more easily! You have been wanred...
Gaxos Acquires Rights to AI-enabled TechnologyGaxos.ai Inc., ( NASDAQ:GXAI ) a pioneering force in artificial intelligence (AI) applications, has announced a significant strategic move to bolster its presence in the health and wellness sector. The acquisition of rights to AI-enabled technology from the top biohacking app, Ultiself, marks a pivotal moment in Gaxos' journey towards revolutionizing the human-AI relationship.
Unlocking Enhanced Customization and User Experience:
The integration of Ultiself's proprietary technology into Gaxos Health's ( NASDAQ:GXAI ) product offering signifies a leap forward in personalized health solutions. By harnessing the power of AI, Gaxos aims to deliver unparalleled customization and efficiency to meet the evolving demands of modern consumers. This strategic move is poised to accelerate the development of Gaxos Health's AI-enabled application, paving the way for innovative diet, nutrition, and tracking capabilities.
CEO's Vision for Innovation:
Vadim Mats, CEO of Gaxos.AI, underscores the significance of securing the rights to this cutting-edge technology. With a focus on delivering value to customers and stakeholders, Mats envisions a future where Gaxos ( NASDAQ:GXAI ) redefines the human-AI relationship across diverse sectors, including health, wellness, and gaming. The commitment to leveraging AI solutions underscores Gaxos' dedication to addressing critical aspects of human well-being and entertainment.
Collaborative Integration Process:
The integration process between Gaxos ( NASDAQ:GXAI ) and Ultiself teams has commenced immediately, highlighting a collaborative approach to ensure a seamless transition. With both teams working in tandem, Gaxos endeavors to leverage Ultiself's technology to its fullest potential, driving innovation and enhancing user experiences. The synergy between Gaxos and Ultiself sets the stage for groundbreaking advancements in AI-enabled health solutions.
Gaxos.ai's Vision for the Future:
Gaxos.AI ( NASDAQ:GXAI ) isn't merely developing applications; it's pioneering a paradigm shift in the human-AI landscape. With a steadfast commitment to redefining health, longevity, and entertainment through AI solutions, Gaxos sets its sights on transformative innovation. The expansion into health and wellness represents a strategic pivot towards addressing fundamental human needs and shaping the future of AI-driven technologies.
Technical Outlook
Prior to the news, ( NASDAQ:GXAI ) stock surged by a whopping 50.38% trading above its 200-day Moving Average with a Relative Strength Index (RSI) of 63.54.
NVDA AT BEAUTIFUL SUPPORT!! EXPECTING A BOUNCE!There's a triple confluence here on NVDA, This is a massive support level with a developing 45min order block. With these confluence and a strong company leading the tech/AI world, I would expect higher prices to come unless we get a random negative event.
I'm bullish and looking to break $1,000 in the next few months.
Let me know your thought sin the comments below
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SoundHound AI $SOUN - Artificial Intelligence is on the rise!SoundHound AI - Everybody is talking about Artificial Intelligence (AI). The social media buzz is all about AI. The world is asking questions like: What are the possibilities? How far will AI go in its reach into day-to-day society? Meanwhile, AI stocks like NASDAQ:SOUN are becoming more and more popular. If SoundHound's stock price makes it to the $9.00 key zone, it will be 100% away from the all-time high. Can the media buzz propel SoundHound AI to new heights?