The best assets in the artificial intelligence sector and BDHow AI works and what does cryptocurrency have to do with it?
Artificial Intelligence (AI) operates by using computer algorithms and techniques that enable machines to perform tasks that would normally require human intelligence.
These include pattern recognition, natural language processing, data-driven decision making, and much more. Modern AI technologies use methods of machine learning, deep learning and neural networks.
Cryptocurrencies, in turn, use blockchain technologies, which allow the creation of decentralized systems for storing data and conducting transactions.
Also, AI-powered cryptocurrencies use AI to improve the efficiency and security of the network. AI methods are used to analyze transaction and blockchain data to identify possible security threats and prevent them.
AI can also be used to automatically manage a cryptocurrency portfolio, identifying the most profitable investment strategies and providing recommendations to crypto investors.
For example, the cryptocurrency Numeraire (NMR) uses AI to create and manage investment strategies based on data analysis. And the same SingularityNET (AGIX) was created as a platform for developing and launching AI applications that can be used in various areas, including financial services.
Thus, crypto projects are already using AI to improve the efficiency and security of the network, as well as to manage a portfolio of cryptocurrencies and develop new AI applications.
- In our professional opinion of the WTF team, the PYTH/OCEAN/AGIX/FET/GRT/NMR projects will be the most promising for the growth of this sector in the cryptocurrency market.
P.S (This is not an investment recommendation or idea but a personal opinion.)
AI
DataDog quick look Datadog is a stock I've been monitoring for quite some time.
DDOG broke the resistance from it's last high at just over $100. Before that in August 2023 there was a big gap down, the gap started at $105 and it's on it's way to closing it.
I think a break of that gap, above $105, is a good entry point if you're looking to hold this stock for the long term. I think it's one of those companies where $1,000 investment will be worth $30k in 10 years. Who knows??
Maybe $117 - $121 will see some resistance, however, the hype associated with AI is attracting investors because this company would stand to benefit from those future revenues.
DDOG has had nice bull runs in the past > 100%. Maybe we're at the beginning of the next big leg up.
SNOW resistance and breakout?NYSE:SNOW has been suppressed compared to the rest of the AI stocks like CRWD, ZS, NVDA.
I think NYSE:SNOW will become a $400 stock most likely this year because there will be a FOMO rush on these companies once the SPX breaks this new ATH and makes a significant move up. If you time it right you could ride this thing to $400 but make sure it correlates with the overall market direction and use your judgement .
Microsoft's Triumph Over Apple: The AI Revolution
Microsoft (NASDAQ: NASDAQ:MSFT ) has dethroned Apple to become the world's most valuable public company, marking a pivotal moment in the tech industry's landscape. This changing of the guard is not merely a financial fluctuation but a manifestation of the profound impact generative artificial intelligence (AI) is having on Silicon Valley and Wall Street investors.
The Rise of Microsoft:
For over a decade, Apple held sway as the undisputed king of the stock market, outshining giants like Exxon Mobil. However, a seismic shift occurred when Microsoft's market value surged by over $1 trillion in the past year, securing its place at the pinnacle with a valuation of $2.89 trillion, edging out Apple's $2.87 trillion.
Generative AI as the Catalyst:
This shift is not incidental but a consequence of the advent of generative AI, a technology capable of answering questions, creating images, and even writing code. Microsoft's strategic pivot under CEO Satya Nadella has been instrumental in leveraging generative AI to redefine its business landscape.
Microsoft's Evolution under Nadella:
When Satya Nadella took the helm in 2014, Microsoft ( NASDAQ:MSFT ) was at a crossroads. Nadella's visionary leadership refocused the company on cloud computing, challenging industry pioneer Amazon. His subsequent bold bet on generative AI, marked by investments in OpenAI and the development of GPT-4 technology, set Microsoft on an accelerated trajectory.
Integration of Generative AI:
Under Nadella's direction, Microsoft introduced generative AI into various facets of its business. From incorporating chatbots into Bing to infusing AI into the Windows operating system, Excel, and Outlook, Microsoft ( NASDAQ:MSFT ) strategically positioned itself at the forefront of the AI revolution. The recent release of a $30-a-month AI offering within Microsoft's productivity software further underscores its commitment to integrating AI into its products.
Financial Impact:
Although the revenue from generative AI is just beginning to materialize in Microsoft's financial results, it accounted for about three percentage points of growth to Azure in the last quarter. This trend positions Microsoft as a frontrunner in harnessing the economic potential of AI, contributing to the company's market value surge.
Apple's Struggles and Microsoft's Advantage:
While Microsoft ( NASDAQ:MSFT ) has been proactive in embracing generative AI, Apple seems to be lagging behind in the AI race. Apple's reliance on iPhone sales and incremental innovations has faced challenges, with Tim Cook's strategy showing signs of fatigue. Microsoft's strategic foresight into AI technology places it in a favorable position to navigate the future of the tech industry.
Looking Ahead:
The recent shift in market dynamics prompts a crucial question: who has the better strategy to propel their market value to the next level of $3.5 trillion? Microsoft's relentless pursuit of generative AI positions it as a strong contender, while Apple grapples with finding the next big innovation beyond the iPhone.
Conclusion:
As Microsoft ( NASDAQ:MSFT ) surpasses Apple in market value, it marks a symbolic victory for generative AI. The tech industry's reordering underscores the significance of embracing AI technology for sustained growth. Microsoft's ascent serves as a testament to the transformative power of strategic investments in generative AI, positioning the company at the forefront of the ever-evolving tech landscape.
NVDA "AI King" BreakoutNvidia stock NVDA price just hit a new all time high Monday after the chip company unveiled new products and partnerships at the annual Consumer Electronics Show (CES).
The company rolled out three new chips that will let gamers, designers and other users make better use of AI on their personal computers.
Technically speaking, the stock NVDA is still having the room to test $530/$544 projected targets on the short term.
Polygon Labs Partners with Fox for Verify InitiativePolygon Labs partners with Fox to launch Verify, a tool for authenticating media content origin amid AI challenges.
Polygon Labs, in collaboration with Fox, announced the launch of a groundbreaking technology platform, Verify, on January 9. This innovative tool is designed to authenticate the origin of media content, a significant step forward in an era increasingly dominated by AI-generated material. Verify aims to enable users to confidently determine the true source of articles and images, ensuring that content attributed to a particular publisher indeed originates from them.
Polygons Verify Tackles Media Citation Issues
The rapid proliferation of AI-generated text and images has presented a significant challenge to the integrity of online content. Verify emerges as a solution to this growing concern, allowing users to distinguish between authentic and AI-generated content. This technology does not evaluate the truthfulness of the content but focuses on verifying its origin. The platform’s introduction directly responds to the challenges faced by media organizations and others dealing with citation or copyright issues in the AI era.
Polygon’s initiative with Fox is particularly timely, considering the legal challenges various media entities face. Fox News, part of Fox Corporation, is currently embroiled in a lawsuit with Smartmatic regarding false narratives circulated about the 2020 US Presidential Election. Similarly, Dominion Voting Systems settled a lawsuit with Fox for $787 million. These cases highlight the complexities and legal entanglements of disseminating unverified or false content.
Legal Landscape and Industry Response
The legal landscape surrounding AI-generated content has become increasingly complex. The New York Times filed a lawsuit against OpenAI and Microsoft in December, accusing them of using its content without authorization to train AI chatbots. This groundbreaking case reflects the broader challenges media organizations face in adapting to the surge of AI-generated content.
In 2023, using AI tools in content creation led to significant industry upheaval, with the Writers Guild of America and the Screen Actors Guild – American Federation of Television and Radio Artists going on strike. The strike highlighted the growing concerns over the use of AI in the media and entertainment industries, underscoring the need for tools like Verify to establish clear boundaries and origins of content.
New: Sleepless AIWhere AI meets affections Sleepless AI emerges as a groundbreaking Web3+AI gaming platform, ingeniously blending artificial intelligence and blockchain technology. At its core, Sleepless AI aims to revolutionize the gaming industry with its unique approach and the extensive expertise of its team.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
#NVDA ready for another push higher? Techs look sexyNvda.. couple of reasons why this is a big level and high probability to be long
(1) Divergence on RSI
(2) Test volume VPOC shelf and held
(3) Demark 9 exhaustion signal on daily
(4) Gliding off the 50dma
(5) Held 50% fib from most recent swing low and high
(6) Back above the Main Pivot
Putting this all together suggests there is a high probability setup here with a stop below the recent lows at 450. Initial targets 480, 500, then if we break out the channel , much higher..
AI's Insight from News Cross-Checked with Pattern Recognition 👁Dear Investors, I believe that PLTR might fall to $13.2 in the coming months. Here, I made a short idea from the insights of the different AI algorithms I use for speculative analytics.
News Analytics - Natural Language Processing
1 Palantir's revenue growth has slowed in recent quarters. The company's revenue grew by 31% year-over-year in the first quarter of 2023, but this was down from 54% growth in the fourth quarter of 2022. This slowdown in revenue growth could be a sign that Palantir is facing challenges in the market.
2 Palantir's gross margin has been declining. The company's gross margin was 74% in the first quarter of 2023, down from 77% in the fourth quarter of 2022. This decline in gross margin could be a sign that Palantir is having to invest more in sales and marketing to drive revenue growth.
3 Palantir has been losing market share. The company's market share in the data analytics market is estimated to be around 1%, according to Gartner. This is a very small market share, and it has been shrinking in recent years. This could be a sign that Palantir is not as competitive as its rivals.
4 Palantir's stock price has been volatile in recent months. The stock price has fallen by more than 50% from its all-time high in August 2021. This volatility could be a sign that investors are uncertain about Palantir's future.
Cross-Checking Logic
Of course, there are also some positive news about Palantir that could suggest that the stock price will not fall to $13.2. For example, the company has a strong pipeline of new business opportunities. Palantir is also investing heavily in research and development, which could lead to new products and services that could boost the company's growth.
Chart Pattern Recognition - Deep Neural Networks
Between the two red trendlines, my neural networks believe to be a bearish channel. Your human eyes can see how Palantir rejected the upper trendline on 11 October and 21 November. I marked these price points with red ellipses. The channel had some bullish aspects when the bottom trendline acted as a support on 02 November and possibly today. Look at the left green arrow. Palantir's last rally related to this point. Today, the stock is near the same trendline again, and there's a chance that it can reignite a similar rally. The white arrow shows this possible scenario. I, however, feel skeptical that history would repeat itself.
Ensembling Technical Indicators
I asked different AIs to weigh technical indicators to represent their opinions. I ensembled the results of these AI opinions and selected MACD, RSI, and volume to simulate AI's insights in a way you can reproduce on your chart without AI. From declining volume bars I suspect the continuation of the bearish trend. The price action has been bearish over the last week, and I can't see the volume to reverse it. I can see extreme sell volumes every now and then, but they seemed to escalate the bearish trend. I don't see where the orders are that could absorb the end of the bearish trend. RSI tried to make a bullish cross below the volume indicator, but it happened to be a failed cross. RSI reversed as it crossed the SMA, which suggests a lack of bullish momentum. The potential bullish signal turned out to be an indication of how weak bulls are. At the same time, MACD has been going on the bearish side with a strong momentum, and periodically pulsing bearish momentum without signs of weakening. Overall, these indicators simulate what my AI bots believe about the market. Their ensembled opinion seems to be a bearish continuation.
Chart Explanation
I already explained the red bearish channel, the channel contacts, the indicators, and a potential bullish scenario, but I think bears enjoy a better risk-reward ratio. Theoretically, channel breakdown could pull the price into the support level of 13.2. I've got a green line at this level. Thus, the target price of a short could be within the green box around this level where the bearish trajectory's red arrow shows. The stock might reverse or not at this level. I'll have to reassess if I see the playout of my bearish expectation.
Conclusion
Ultimately, the direction of Palantir's stock price will depend on a variety of factors, including the company's financial performance, the overall market conditions, and investor sentiment. It is always important to do your own research and consult with a financial advisor before making any trading decisions.
Kind regards,
Ely
Latest XRP Gemini Pro Vision PredictionSo I'm basically posting this just as a way of recording the predictions I've received from the Gemini Pro Vision tests I've started messing around with. So far, as you can see by the chart, it's been pretty good and predicting future price directions within a 10-25 pip range.
#AGIX/USDT 12h (ByBit) Rising wedge breakdown and retestSingularityNET clearly lost 50MA support and seems likely to retrace down towards 200MA.
⚡️⚡️ #AGIX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.5X)
Amount: 5.0%
Current Price:
0.29810
Entry Targets:
1) 0.31245
Take-Profit Targets:
1) 0.24120
Stop Targets:
1) 0.34815
Published By: @Zblaba
$AGIX BYBIT:AGIXUSDT.P #SingularityNet singularitynet.io
Risk/Reward= 1:2.0
Expected Profit= +79.8%
Possible Loss= -40.0%
Estimated Gaintime= 1-3 weeks
DOGECOIN FOUNDER SHARES 2024 AI RESOLUTIONSDOGECOIN FOUNDER SHARES 2024 AI RESOLUTIONS
Dogecoin co-founder Billy Markus shares 2024 New Year resolutions centered around AI integration.
Elon Musk’s Grok AI challenges ChatGPT with humor and tackling sensitive topics.
AI tools like ChatGPT and Grok AI are reshaping learning, creativity, and content creation in 2024.
In an unexpected turn of events, Billy Markus, the co-founder of Dogecoin, took to Twitter to share his New Year resolutions for 2024. While his tweet might have surprised many, it sheds light on a growing trend – the integration of artificial intelligence (AI) into various aspects of our lives.
Markus’s AI-centric resolutions:
Billy Markus, one of the minds behind the creation of the iconic cryptocurrency Dogecoin, recently shared his 2024 New Year resolutions on Twitter. With a following of 2.1 million users on the platform, his tweet caught the attention of many. What’s remarkable about his resolutions is that each one is centered around harnessing the power of artificial intelligence (AI).
Among his aspirations, Markus aims to “learn to draw (via ai), learn to code (via ai), write a novel (via ai), write a musical (via ai),” and more. These resolutions underscore a significant shift towards AI integration in various professional and creative endeavors. It appears that Markus is not just sharing his personal goals but is also predicting a trend that is likely to dominate 2024 across various fields.
📈💡 C3.ai (AI) Gains Traction in AI Software Space 🚀C3.ai, a prominent AI software company, is making waves with an 81% surge in customer engagement. The company's strategic move includes the introduction of "C3 Generative AI: Enterprise Marketplace Edition" in collaboration with Amazon. This initiative aims to leverage untapped organizational data, aligning with the evolving demands of the market. Here are the key details:
Business Highlights:
Customer Engagement Surge: C3.ai has experienced an impressive 81% surge in customer engagement, indicating increased interest and adoption of its AI solutions.
Strategic Collaboration: The collaboration with Amazon for the development of "C3 Generative AI: Enterprise Marketplace Edition" underscores C3.ai's commitment to innovation in the AI space.
Investor Sentiment and Outlook:
Investor sentiment is positive, driven by the notable increase in customer engagement and the strategic collaboration with Amazon.
The bullish outlook establishes a support range at $25.00-$26.00, indicating a potential level of support where buyers may step in.
Upside targets are set at $47.00-$48.00, reflecting optimistic expectations for the stock's performance.
BTC range continuation VS long squeeze"Bitcoin continues to navigate within a tight range, presenting a classic scenario of range continuation. However, traders should be cautious of a potential long squeeze, given the current market dynamics.
As BTC hovers around key resistance levels without significant breakthroughs, the accumulation of long positions might lead to a sudden downward price movement if these levels fail to hold. This scenario could trigger a long squeeze, where long position holders are forced to sell, exacerbating the price drop.
Key levels to watch:
Upper Range Resistance: 44k
Lower Range Support: 40.5k
A break below the lower range support could confirm the long squeeze scenario, potentially leading to sharper declines. Conversely, a sustained move above the upper resistance might invalidate this and set BTC for a bullish trajectory.
Stay vigilant for any signs of volume increase and market sentiment shifts that could precede such movements. This period requires a balanced approach, weighing the potential for continued range-bound trading against the risks of a long squeeze."
ANW Anchor NEURAL World: $0.05 | a 40x ++ Fintech for Ai
like a START UP that we can have an opportunity to have a part towards innovation in Ai companies
kinda like BlackRock or Carlyle Group having exposure is specialized industries
a new breed of investment banking
at $0.05 cents and solid team and bankers behin it.
should be a worth the wait when ADOPTION kicks in
Price wise.. just look at Shiba at 5 or Solana at 5 before it mooned
Market Cap to Daity Tunrover Value is decent with enough funding for Heavy hitters to get in without moving the price
an-va.com
NVDA: $194M Insider LiquidationNVIDIA is presenting potentially lucrative short-term trading opportunities, specifically for derivatives. A months-long ascending triangle is visible on the hourly and daily charts; a second, smaller ascending triangle is potentially forming at the time of this idea.
I believe, and am hopeful for, that the smaller ascending triangle will prove invalid and complete the double-top "M" pattern with selling pressure draining NVDA to the $430 range which falls around the respective 61.8% Fibonacci retracement level. However, I think it would be reckless to count out a potential rebound around $470 which is where the second ascending triangle's support will be tested.
If the $430 support is reached, I believe this will be the time to enter a long call option as I suspect the asset will be retesting the $500 resistance. However, insider liquidation is a major concern especially since the total offload within the last 30 days is equal to $194.3M USD. A link to the SEC filings is posted below.
NASDAQ:NVDA
www.sec.gov
0x0: A Golden Opportunity?Hi Everyone,
As we know, the next Bullrun is near and we are excited to find some great nuggets!
I focused on 0x0 AI SMART CONTRACT AUDITOR and it seems this is a direct competitor of Tornado Cash and Uniswap... It means privacy and security protocols with an another feature... AI technology (probably the next trend for the next bullrun).
Actually, never mind about fundamental! I'm just a technical analysis and what I noticed on this chart, it's a large accumulation zone with a huge potential. Today we trade this asset around 0.15$.
1st target : 7.50$.
2nd target : 37.50$.
It appears completely crazy but these are potential targets.
Let's see in the futur!
Stay safe!
PS: it's not a Financial Advice. Only my plan. Just my point of view.
Trading AutomationI am just going to put it out there, as you know I have said time and time again in my streams. Personally, the whole automated trading concept is not for me. However, that’s not to say there are not some good strategies, tools and instruments that could work for some people.
Risk tolerance, time frames, bull vs bear markets all play a role in trading. This is emphasised when the trading is automated.
A few weeks back, myself and @Paul_Varcoe starting streaming about shorter timeframes and automation. We said we were working on something in the background – mostly to do with trading via prop firms. Here’s on of my streams on that topic. So, the next part was automation.
Here's one of these streams:
www.tradingview.com
I have been lurking around a couple of services, tools and platforms – one of these is a company/product called 3Commas. A few things I found interesting.
One of which is that it supports multiple cryptocurrency exchanges, allowing users to trade on various platforms using a single interface. For the Tradingview community this is a very useful option. You can even go as far as connecting your bot to one or more TradingView indicators of your choice, and the bot will automatically receive alerts and open trades accordingly.
My reluctance of automation has always been, if a bot can do it – we won’t need Doctors or Police officers as they will all want to be professional traders. I have also spent some time in the money management sector and know the investment and effort some very large operators have put into the automation game. What I liked about this 3commas platform, is that it opens the door for retail to play in this world.
Having access to trading bots that can execute trades automatically based on predefined strategies is one factor, it still requires users to set up custom trading strategies or choose from a marketplace of existing strategies developed by other users. So, what this means is if you have a specific trading strategy you can link directly from Tradingview and just allow it to open trades.
I have taken this image as an example from their site, it’s easier than trying to write it myself.
There also seems to be a lot of open-source code, literature and information readily available online. All beneficial factors if you’re planning on going down the automation route.
Myself and Paul have been more conventional traders, operating in well established markets. But of course we have had our dabbles in alt coins, Bitcoin and so on. It seems to be the way the world is shifting.
I have been using webhooks on Tradingview recently to trade Aussie dollar and Euro on smaller timeframes just sending an alert to one of my channels – but the ability to take out the execution stage is a new one on me. If you’re a crypto fanatic I can say this is worth a look for sure!
When looking at this automation, I found another editors pick here on @TradingView
So, although I know very little about the strategy or the individual trader @Bjorgum who wrote the article, it’s a great example of the type of power mixing things like 3Commas and Tradingview can yield. Throughout 2023 I have shown and shared several articles on Prop firm trading, shorter timeframes and even how to use Chat GPT to write Tradingview indicators.
Link to one of them:
www.tradingview.com
My next step is to use chat GPT to program an indicator I can fully automate (market condition depending) to link to 3Commas using TV as the glue.
Here’s an example of what I mean:
I literally asked ChatGPT this question “can you write a pinescript version 4 code to enter trades based on pivot point breakouts taking profits at S2 and R2 with stop losses in the other direction at R1 and S1.”
I got a reply;
Before you ask - The code will probably get rejected to put out as an indicator as Pinescript will say “Pivot point indicators are readily available” but copy and paste my question above and you should get a similar result. Of course, this is only an example. Feel free to play around with your own strategies and concepts.
The idea then is to take this through the papertesting and backtesting to refine a strategy that you feel comfortable with in terms of plugging into a bot and connecting to your broker.
The whole concept for me is mind blowing, the fact that anyone can have a Tradingview account, use ChatGPT to build and indicator and execute a trade via your broker on a platform like 3Commas.
Over the next couple of weeks I intend on digging a little deeper with these and either start with using ChatGPT to link a strategy via Tradingview into 3Commas or take a strategy or indicator off the shelf and test drive it in a stream or sequence of streams.
Maybe give me some ideas, if you like? what timeframes? What instruments etc...
This will be part of the educational, how to make trading automation a real thing series.
Anyways! Enjoy the Holidays - Merry Christmas and a Happy New Year to you all!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
AI's EUR/USD Pattern & Scalping Range, Local European SentimentAI's EUR/USD Falling Channel & Breakout Odds with Scalping Range
D ear Valued Investors,
Introduction
I would like to provide you with an update on the trading bots' activity. They have been diligently following a short position initiated at 1.101, see the idea above the chart, and I am pleased to inform you that the trade has been successful, as indicated by the success of the forecast on the left side of the chart.
News Trading - Natural Language Processing Results
- The European Central Bank (ECB) is expected to raise interest rates in July, which could strengthen the euro. The ECB has been signaling for months that it will need to raise rates to combat inflation, and the latest data suggests that inflation is still running high in the eurozone. A rate hike would make the euro more attractive to investors compared to the dollar, which is currently yielding very little.
- The eurozone economy is showing signs of resilience. The eurozone economy grew by 0.3% in the first quarter of 2023, and the latest data suggests that growth is continuing in the second quarter. This suggests that the eurozone economy is more robust than many economists had expected, which could support the euro in the near term.
- The risk of a recession in the United States is increasing. The US economy is facing a number of headwinds, including high inflation, rising interest rates, and the war in Ukraine. These factors could lead to a recession in the US, which would likely weaken the dollar and strengthen the euro.
Personal Comment
I live in the EU, and as a consumer, I don't see any sign of recession here. To me, it seems that the US economy bears the bigger weight in the news of the war are about. Objectively, the US economy might be stronger, but the prices don't necessarily reflect the current power. Investors try to speculate which economy will suffer harder and pool value into those that seem resilience. I believe in the resilience of the EU economy, and I experience the local sentiment. While prices are rising, people don't FUD yet. Many seek opportunities to make a profit that can cover the inflation costs. EUR has seemed more resilient so far to the difficulties than the other European currencies. If you live in the EU, you know that many countries still have their national currencies (not EUR), but you can pay with EUR everywhere here. So, it makes sense that many sell their national currencies to EUR. EUR is more resilient, and they can pay with it as smoothly as with their national currencies.
Pattern Recognition AI's Results
Through my pattern recognition algorithms, I have identified a falling channel pattern on the chart. This pattern is characterized by purple trendlines. Despite its bearish implications, the price broke above this pattern on December 11th, suggesting potential bullish momentum.
Scalping Possibilities
Currently, the EUR/USD is in a consolidation phase, trading between the support level at 1.072 and the resistance level at 1.082. These levels align with the EMA 100, and the support line is denoted by the color green, while the resistance line is represented by red. Shorting opportunities may arise from resistance to support.
Neural Network's Prediction
Based on the current technical indicators, I anticipate a scenario in which the EUR/USD gains momentum from the support level and breaks out above the channel. This potential trajectory is depicted by the white lines. In the event of a successful breakout, my neural networks suggest target prices of 1.095 or even 1.100.
Technical Indicators
The fluctuating volume below the channel indicates increasing volatility. Noteworthy bullish indications include the price consolidating above EMA 20, the RSI crossover below on the RSI indicator, and the strong uptrend of MACD since December 7th.
Disclaimer:
I would like to emphasize that this communication does not constitute investment advice. I strongly urge you to conduct thorough research before making any trading decisions. It is essential to recognize that your funds are your responsibility, and past performance does not guarantee future results.
Sincerely,
Ely