Elon Musk's xAI Set to Rent Oracle's AI Servers for $10 Bln Oracle Corp. ( NYSE:ORCL ) is close to a $10 billion cloud contract with Elon Musk's artificial intelligence startup, xAI. Oracle Chairman Larry Ellison announced last September that the company had a deal to provide cloud infrastructure to xAI to train artificial intelligence models. The talks are ongoing and there is no guarantee that the two companies will reach an agreement. XAI was set to close a $6 billion funding round, valuing the company at about $18 billion. The shares gained 3.7% to $120.68 in New York after earlier hitting $122.55. The stock has increased 10% this year through Monday's close.
The deal would make xAI one of Oracle's largest customers, as Musk looks to raise funds for xAI in an attempt to rival the AI offerings of OpenAI and Google. The cloud negotiations are ongoing and there is no guarantee that the two companies will sign a deal. XAI was reportedly in talks to raise $3 billion in a round last month, which would have valued the company at $18 billion. Oracle and Elon Musk did not immediately respond to Reuters requests for comment.
Oracle ( NYSE:ORCL ) released an update to its database technology earlier this month intended to make it more useful with AI. XAI is the largest H100 customer at Oracle, using more than 15,000 of the AI chips, which are made by Nvidia. Last month, Musk said xAI would launch an enhanced version of its chatbot Grok to early testers and existing users on his social media platform X.
Oracleofcrypto
Chainlink (LINK) Poised for Further Growth
Despite Bitcoin's recent correction, BIST:LINK maintains a positive market stance, continuing its upward trend. Currently, its price hovers near the resistance area of $15.9–$16.5.
A successful break above this resistance could lead to seller reactions in the $17.10–$17.65 range. A breach of the $17.65 level might propel BIST:LINK to as high as $20, a price point not seen in the past eighteen months.
In a less likely correction scenario, BIST:LINK could retreat to support levels at $14.4–$15, $13.5, and down to $12.25–$13. A major downturn would only be triggered by a substantial Bitcoin correction and BIST:LINK 's price falling below $10.
Oracle in a range.Oracle - 30d expiry - We look to Buy at 86.41 (stop at 83.42)
Price action continued to range between key support & resistance (86 - 90) although we expect a break of this range soon.
The bias is to break to the upside.
The primary trend remains bullish.
Preferred trade is to buy on dips.
The 1 day moving average should provide support at 86.40.
Posted Mixed Daily results for the last 56 days.
Our profit targets will be 93.88 and 94.88
Resistance: 90.00 / 91.22 / 92.00
Support: 88.00 / 85.87 / 84.00
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Chainlink bullish post recessionThe Chainlink ecosystem has backing from strong investors and because of its track record of surviving an strong downtrend in 2018-2019 could Chainlink be a sleeper pick for the next bull market post this current recession.
Chainlink is a blockchain oracle built on Ethereum and is therefore an important technology in the blockchain world and it could therefore be a long term stability and long term validator for the future.
So even if the price of Chainlink would drop massively would this coin not crash as the technology and its fundamentally strong product.
A Look At Oracle Protocols Huge Upside PotentialHere a look at Chainlink (LINK), Universal Market Access (UMA) and WINkLink (WIN) in comparison to BTC and as a type of blockchain protocol.
Overall the oracle protocols have heavily retraced about 80%-95% and it appears they are ready to explode again.
Assuming Bitcoin will kick off heresoon the final leg of its bull cycle these altcoins have great potential to gain market cap and price.
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API3 Fractal Hinting a Breakout!Hello Traders!
As you can see on the Weekly Candles of API3, the number of impulses and levels compared to early Chainlink price action looks similar! API3 additionally is a Decentralized Blockchain API like Chainlink. I think there is a great chance this fractal plays out and that we moon.
-Pulkanator
LINK is a boss with Hidden Bullish DivergenceLINK WEEKLY CHART. This chart is
staying within the bullish channel
and if you look at the RSI, and look
at the Bull Pennant, this chart has a
HIDDEN BULLISH DIVERGENCE. Thats when
the chart has a higher low and the RSI
has a lower low...this chart is primed for a bullish move
to the price targets listed.
Chainlink (LINK) to test ATH and Beyond 54% Gain: Update Chainlink (LINK) to test ATH and Beyond 54% Gain: Update 07/05/21
58% Gain from Buy Zone 2. Next Stop $57 @ 161.80% Fibonacci extension, 18% Gain from the current price level @ $48. See previous analysis below. Happy Trading :)
Chainlink (LINK) Update: 44% Gained, 10% to New ATH @ 161.80% Fibonacci Level. See previous analysis below. Happy Trading :) Next stop $47 for $LINK
Update from 05 /04/21: Chainlink (LINK) to test previous ATH and Beyond 54% Gain to 161.80% Fibonacci level @ $47. Since reaching a new ATH on the 20th February @ $36.84 Link has been consolidating in this range between 61.80% and 23.60% Fibonacci level ($30 to $24) showing significant profit takers in the market as we have seen the bulls try to push the price above the 61.80% Fibonacci level and failing to break past this key resistance level 3 times over the past 42 days. On the 29th March our Swing Call script triggered a strong buy signal just above the 38.20% Fibonacci level and we actually saw the price push past the key area of resistance for the first time since setting the new ATH . Since then we have retraced back down touching the 50 SMA (a clear fake out from LINK). From here we expect another test of the 50 SMA before the LINK can truly break out of this key area of resistance to push past the 78.60% Fibonacci level and a test of the previous ATH which we can expect to be tested @ $36.84. This run from LINK has been long awaited with a lot of solid fundamental news around the project. If we see a break above $33 we can expect a probable 54% Gain to the 161.80% Fibonacci level and our price target of $47. Be patient, wait for further confirmation from price action, use buy zone to map out your buys whether you are already in LINK and want to DCA or are planning to make an entry. Happy trading :) $LINK
NEST — Your Secret GEM, that wont be a secret for much longer.. Hello Traders,
Alright here it is, we are moving through spring time, getting ready for another bullish part of the year. April usually bring crypto showers for May’s bank account flowers.
You’ve been searching, scouring, obsessed over finding the next true hidden gem. Well I believe if you were lucky enough to stumble upon this writing you may now be prompted to do your own research into the NEST Protocol.
I believe this one will rival the likes of BAND & LINK.
The current $110 Mil market cap is a fraction of the band and link market caps.
Growing to even a 850 Mil Market Cap would bring us close to 700% gains from it’s current price.
The words can’t be typed fast enough, I’m not fomoing in by I’m definitely getting in on this project and I will be buying every opportunity that presents itself on this one.
You can learn more about this project by checking out this article: coinmarketcap.com
Buy, Hold, Realize gains!
Good luck!
DIA/USDT: every crypto has a CUP&HANDLE?It's boring to draw CUP&HANDLE on every crypto chart.
But it is true. Almost every crypto that listed on CEX last Autumn has a similar pattern. Some of them has exploded, and some like DIAUSDT are still in consolidation. However, no matter how far they have gone, this pattern itself is extremely bullish.
We also have a bullish daily MACD.
Give it time. It will play out.
LINK is due for a breakout // W patternLink's fundamentals are one of the best in the crypto industry, research yourself why.
Link is a long term hold for me, when these guys feed oracles to corporations, finance, banks and govs and the consumers are adopted on the blockchain; link will be top 5, if not top 3 market cap crypto. Not gonna do crazy predictions but it will be a 4 digit link. (next 1/3 years)
The situation now is that link is still cheap because of a large supply and sell pressure. This will decrease over the next months and we will see more and more institutional money inflowing; especially investment funds and corporations. (next 1/3 months)
Link is consolidating at the moment after ATH, now it completed its W pattern and is ending it will a small retracement; after that we can see upwards action to previous ATH or a bit or a few levels above it; see TP targets.
ORCL Corporation Investor Presentation on Integrating LINKIt's only a matter of time before a major F50 Corporation such as ORCL publicly announces a full integration LINK "publicly", just as it was a matter of time for BTC and TSLA (and additional F50s) to eventually announce using their balance sheet to invest in BTC .
twitter.com
When a F50 corporation finally publicly announces a full integration of LINK - LINK will melt faces and my short-term $250 price prediction will look conservative for LINK
LINK - Bullish potential Another alt coin I believe has a bullish big potential against BTC is LINK. Pair looks good, trying to overcome resistance at 0.00098 BTC, and if succeded LINK will fly much higher to 0.001 BTC and $20 / coin.
It would be possible ofc if ETH continues its bull-run (that so far I have no doubt given the launch of ETH 2.0 ahead).
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
TRB/USDT - possible triple bottom forming?Hi all !
I like to keep it simple with the top quality alts. Fundamentally, we do not need to spend any words on the Oracle projects like Tellor. These projects are "less risky" if we consider them as a long term players that would achieve new ATH for sure.
After my LINK/USDT analysis which is going according to the plans, I think that if the market keep with the momentum that it had these last weeks, we might see an explosion in the TRB/USDT pair as well. Besides very healthy chart which we can see: healthy push after Binance listing and then healthy retracements to find the natural support are very good signs for sure.
If we keep today's daily lows, we might have triple bottom formed as marked on the chart. That's very bullish sign and if the price confirms that, we could target 145% + profits (Daily Resistance 2) in the coming weeks. However, if that plan does not come through, I would happily follow new signals and keep DCA-ing projects like TRB.
Thank you for your time !
I would also like to hear your thoughts on possible TRB movements in the near future. Your comments and support are much appreciated !
p.s. feel free to check my LINK/USDT idea and tell me your thoughts about it as well.
Happy trading!
BTC Warpath in the Coming Days! Breaking $6700 or failureHi Team,
I am back. Been dealing with personal family health issues :) But glad to be involved into the crypto community that has opened a world of opportunity for me. Looking forward to listening to all of your feed back and thoughts on the market!
Hope you all are well and Happy Hunting!
Reg
We Still Have Profitable Trades! 2 weeks trading pathHi TradingView Family,
Hope you all are doing well during the slight downturn in the market. While we are still a long ways away from a "bull" run and i think that will not happen until Q1 in 2019 (i have personal theories and TA's drafted on that front that i shared with my telegram family).
We are entering a consolidation phase for the next couple months but this can be some of our MOST PROFITABLE MOMENTS! Understanding how BTC and key coins move we can easily generate 2-5% on a daily basis. We can also do 25% ROI trades on just a 3-4 weeks swing trade. One of the biggest lessons in this market is to TAKE PROFITS at the top and buying tops. I see a lot of people panic selling the bottoms, buying the tops and get stuck hodling. I digress.
This TA is for the next 10 days of BTC. We are approaching a turning point where we can initiate for a 5-10% ROI trade. Right now we are looking at the four-hour charts and we can see a lot of support at the $6,500 earlier today with 250 btc buying support that was broken. What that tells me the buying support were fake set by whales. We are seeing a support level of $6,000 and aggressive selling. I think whales are going to try and break us down over the next two weeks.
Until then for the next 7 DAYS we might have a good day trading range between $6,250 - 6,800 which is about a 5-8% swing. I recommend for everyone to wait and set buy around $6,200-6,400 for a low-medium risk trade and you can trade on 2-5% profit. Sell around $ Keep it tight because i predict that we will drop one more time around 8/15-8/20.
An alternative path to trading this market is waiting completely for the market bottoms, but you know what they say...we don't need to buy the bottoms and sell the tops, you only need to buy the ankles and sell at the neck. We are close to the ankles atm.
Hope this TA will help you plan out your trading strategy. its the same one I have shared with my team over a week ago on telegram :) You can check the developments here!
PLEASE NOTE IF YOU ARE LOOKING TO JUST BUY BOTTOMS AND NOT DAY TRADE DO NOT SET ANY BUYS AT ANY RATES ABOVE. PLEASE SET THEM AROUND $6,000 - 5,500 WE MIGHT BE ABLE TO HIT THOSE LEVELS IN A 1.5-2 WEEKS. I WILL UPDATE YOU ALL AS WE GET CLOSER. IF THAT IS NOT THE CASE I WILL UPDATE IT HERE.
Released on 7/30/18 on Telegram
Market Development 7 Days Later
If you have any questions drop them in the comments or PM :D
Happy Hunting!
Reg
1st Critical look on a June Bull run and a July correction#poe
This is a very important chart to look at. A couple things we need to observe fairly quickly. We can see that the 4hr compared to other coins have been fairly level on the RSI and has not yet hit any BIG bumps. So either there are strong selling pressures or most people buying the coin are hodlers.
ONE VERY VERY critical path we need to see on is the daily charts. We have hit the current support level of 380 Satoshi. We can expect the 1st rise towards our T1 target of 425 to be at minimum 10-15% ROI from our current positions as the MACD looks to come up to the median trend line.
Our T2 target can be a bit higher and more aggressive but i would like for us to hit T1 first before making any longer assumptions. I am cautiously entering this market as the bulls can fake us out with so many TA's and articles calling for a 6/6 rise on BTC (my personal analysis stating the same conclusion). The goal of this trade analysis is for me to continue drawing a development on POE and studying the market patterns of what will make it successful.
If the T1 targets hit I will share my T2 targets moving forward. Trying to see market patterns and psychology in this one. I do have a lot of optimism for this coin and can expect anywhere between 20-60% ROI within the coming month. So positioning a LONG TREND buy is not a bad idea here. However again....to build on my long term btc idea any trades i am playing at the moment will only be played out until the 1st week of july and i plan on liquidating all of my positions into fiat.
Bitcoin/USD is an oracle for ETH/USD *Observation*So I saw the same thing happen a couple days ago with Bitcoin that's happening today with Ethereum. It appears that ethereum is following a trend set before the break up and subsequent fall. Will post the BTC chart to illustrate what I'm talking about.
This seems to be the case in a couple different periods in the market, where bitcoin would make it's fall or rise and then ethereum would follow suit a little bit after in a smaller magnitude. For example ETH's ATH came a few weeks after Bitcoins ATH. same with the following local lows, ethereum reached it's local low shortly after bitcoin did.
Just a thought I wanted to get out there for other peoples opinions.
Called this market since the 14th of May! One Chart WonderHi TradingView family,
This was a chart i released to my private group on May 14th:
Our community grew by 100% in May to 100 of the most diehard traders on the planet. I am planning on closing off the group soon. We have had a huge influx in growth and I am currently getting a couple staff members to help me with administrative work.
The market has moved perfectly and we have been patiently waiting on the sidelines. It is a tough market especially when most coins have went to 100% ROI -1.86% . A level of consolidation, correction is needed. However, I am not scared nor disappointed with the market. I think we are far better off now then we were in the months prior. We see some larger activity and positive developments with institutional powers moving in as well as developments in governmental regulation.
Don't fall for the FUD some of the TA's give out :) Be positive. If i told you will see 10-100% gainers in June will you believe me? You would be a chump to not buy BTC -4.86% at $7000-6800 which is where i see this market heading. Get some buy positions ready if you are in fiat. There is more positives than negatives.
So we will continue to head south for the next couple days. Not a big deal. We are still standing stronger then where we were and as you can see we are stabilizing along normal growth trend lines . I think 15-25k by end of the year is highly likely. We need to see some slow staired accent north.
Continue to use these small periods of downtime to focus on learning trade analysis and studying the market. No need to panic sell and fomo out. Within 1-2 weeks we will see positive BTC -4.86% price action. 1st to $8-9k. Stabilization then we will go further north.
Hope all is well. Good luck and Happy Hunting!
Reg.