AI
$AI POSSIBLE CUP & HANDLEAI (MULTIVERSE) is printing a possible Cup & Handle, targets are a fib pull from all time high wick to all time low. LOG SCALE chart.
FET/USDT Soon to break from triangle?This is how i would trade FET/USDT. The chart shows that the price movement occurs within a bullish triangle.
Enter a long position when/if the price out of the triangle to the upside.
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Targets:
1: 0.47
2: 0.5
3: 0.52
4: 0.55
5: 0.57
6: 0.59
Trade safely!
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About Fetch.ai:
"Fetch.ai is an AI-backed blockchain environment that helps users create a decentralized digital economy within a single ledger. Users can create agents that act on the behalf of individuals, organizations, devices, and services. All these agents are connected and can make transactions and communicate with one another." Source: kriptomat.io
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This would be the BEST case scenario. Lots of ways to count but again this is the count with the quickest turn around. Because of the lack of conviction, it has to prove the turn to me. $3.00 is the ideal area for this idea. Then it need to put an impulse up with a correction facing down as illustrated.
Cheers!
AGIXUSDT: AI BOOM - LONG THE HYPE (SingularityNET Token)Dear Followers/Traders,
During this FUD/FOMO weekend, here is a high-probability trade with the support of Elliot wave impulse theory and mathematics. All, that you need to avoid emotions.
Waves 0-1-2-3 have been completed. The retracement after the high of wave 3 has taken the support above 0.5 fib level around 0.38$
the price has been tested the 0.618 golden pocket several times after bouncing from the 0.5 fib level.
if the market remains as usual without any black swan event, in my opinion, this trade is a ~90% return from here with very high probability.
and if the BTC movemnet aligns with it then we are looking at 2x or 3X gains from here.
Entry 0.43 - 0.4
SL - Below wave current wave 4 low.
TP - 0.77 0.83 0.97 ... ... ...
Trade setup for FET The idea is: Buy when the price breaks above 0.461$ and take profits at the levels shown in the chart.
Targets:
1. 0.48$
2. 0.51$
3. 0.56$
4. 0.6$
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What's a Fair Value Gap (FVG) ?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Thoughts on the surge in chatbots and AI (ChatGPT hype)I am going to be making a list of the top of AI & chatbot stocks and sharing it as a public watchlist here on TradingView. Please share your top AI & Chatbot stocks in the comments below. MSFT? TWLO? Any others?
I don't know anything about C3 beyond the fact that they seem to be a rather pure play AI team hoping to advance AI at the enterprise level for any and all companies interested. But, I have no idea what their competitive edge is. I'm not sure I fully understand their financial situation.
The thing is, their symbol has sort of become the defacto $AI play so the recent surge demonstrates that. $AI is up 102% this year alone because of this.
I personally am not trading this stock or even looking to invest it in. I am publishing this idea, however, because the recent news from ChatGPT, the rise of chatbots, and push toward AI, is now really being picked by markets.
Thanks for reading and stay tuned for more.
I would not advise CHASING any of these names yet. Patience.
But is the tide beginning? What will this look like 1-2 years from now?
2023 Theme: AIAlmost every year in the stock market has a "theme" for what sector or idea becomes to latest craze. In late 2020 it was Electric Vehicles, in 2018 it was blockchain, in 2017 it was pot stocks. Something going on in the culture primes traders' minds for this "thing" to be the hot item to invest in. Much Kool-Aid is drank as the trend progresses and any stock that is somehow related or can make a case that it is related bubbles and its share price gets frothy. Unfortunately all end the same way... in a crash... but not before having a meteoric rise.
I am always on the lookout for the theme of any given year. This year I believe it to be Artificial Intelligence (AI). The world is already amiable to narratives about AI being the next great big thing. ChatGPT hit the world and stole Google's thunder (and market cap). The January 2023 rise in equities was felt across the market but none so prominent as in stocks related to AI.
The chart I am using for this idea had quite the rise in January but has since pulled back to a 50% Retracement Level. Normally I prefer to stay away from stocks with long term charts such as the Weekly timeframe below but a chart such as this indicates a great deal of upside if it should get going.
Other stocks that are considered to have AI potential that traders should be looking at now:
TSLA
NVDA
MSFT
FSLY
AMZN
PLTR
CRWD
SNOW