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$GRASS Surges Amid Airdrop Controversy, Eyeing Bullish BreakoutThe $GRASS token has been making waves in the crypto space, with an ambitious vision to build the internet's first user-owned, open-scale web-crawling network. Aiming to democratize the control of information, Grass Network is setting out to rival the tech giants that currently monopolize web-crawling capabilities, empowering its community of over 3 million users to scrape vast amounts of data for AI applications. Despite facing technical setbacks, recent trading activity and price action suggest the token has strong bullish potential. The Vision Behind Grass Network Grass Network intends to disrupt the centralized control over the internet’s knowledge graph, a lucrative arena currently dominated by only two corporations with the infrastructure to crawl the entire web. Unlike its predecessors, Grass is creating a decentralized, user-owned knowledge graph by mobilizing millions of users as nodes, contributing to a vast pool of internet-scale data for AI models. This transformative vision holds immense potential, as decentralized data access could power AI development while keeping the control in the hands of the community. Recent Price Action and Airdrop Controversy The price of $GRASS has seen volatility following an 8% surge, currently trading around $0.871075. This increase comes on the heels of an airdrop intended to reward early adopters, distributing 10% of the total supply to users on the Solana network. However, the airdrop encountered significant issues: Phantom Wallet, a widely used Solana wallet, faced technical downtime as a result of the surge in demand. Users experienced system crashes, difficulties in accessing their tokens, and inaccurate balances, which prompted criticism of Grass Network’s preparedness for handling large-scale operations. Phantom Wallet has since restored functionality and announced that its team would continue monitoring the situation closely to ensure stability. Despite these issues, trading volume has spiked by 125%, reaching $244 million. The surge in demand indicates strong community interest and engagement, although the technical glitches reveal the challenges Grass Network must overcome to manage such events at scale. Technical Analysis Analyzing the chart, $GRASS/USD is forming a symmetrical triangle pattern—a structure that often precedes a breakout. This pattern suggests price consolidation, potentially leading to a significant upward or downward movement. For $GRASS, several indicators point towards a bullish breakout: 1. Symmetrical Triangle Pattern: The pattern’s upper trendline serves as resistance, and a breakout above this line would signal a bullish continuation. 2. Relative Strength Index (RSI): The RSI currently sits at 53, well below the overbought level of 70. This value implies that $GRASS has room to continue its upward movement before facing overbought conditions, potentially supporting a bullish breakout if volume increases. The Road Ahead: Can $GRASS Reach New Highs? Despite trading at around $0.871075, $GRASS previously saw highs of $10 in pre-market trading on some exchanges, suggesting that investors believe in its long-term potential. The price range of $1 to $2 is within reach, as $GRASS can rally if trading volume and investor interest continue to grow. A breakout beyond the symmetrical triangle's upper boundary could reignite the bullish narrative and lead to a campaign towards $5 in the coming months. Key Price Targets: - Near-term target: $1.00 if $GRASS successfully breaks the upper trendline of the triangle pattern. - Medium-term target: $2.00 if demand remains strong, especially with the increased visibility and interest following the airdrop. - Long-term target: Potential revisit of $5, driven by Grass Network’s success in delivering on its vision and expanding its user base. Conclusion The Grass Network stands as a pioneering initiative, aiming to revolutionize how web data is accessed and owned. Despite facing challenges during its recent airdrop, the network’s decentralized, user-powered vision continues to attract significant interest from the crypto community. With favorable technical indicators and a unique use case that aligns with the decentralized ethos of blockchain, $GRASS has room to grow. Investors should keep a close watch on trading volume, key technical patterns, and updates from Grass Network to assess the potential for further bullish movement. In sum, $GRASS is more than just a cryptocurrency—it represents a shift towards a decentralized, user-controlled knowledge ecosystem. For traders and investors, the current technical setup presents promising opportunities, particularly if Grass Network addresses operational issues and continues to expand its influence in the blockchain space.
GLong
by DEXWireNews
Kraneshares China Internet ETF | KWEB | Long at $26.00The "beginnings" of a change in the downward trend of China's tech stock market may be starting to unfold. The price of Kraneshares China Internet ETF AMEX:KWEB has finally reconnected with my selected simple moving average (SMA) which often means further price consolidation or future price breakout from the overall mean. I'm not saying this will happen immediately and this particular SMA likes to be tested to "fake out" buyers and sellers (sometimes over months or years). Plus, there are price gaps in the low BER:20S on the daily chart that often get filled before a run. But for the early birds out there, like myself, AMEX:KWEB at $26.00 is in a personal buy zone as a starter position. Target #1 = $30.00 Target #2 = $37.00 Target #3 = $49.00 Target #4 = $100.00 (very long-term view...)
AMEX:KWEBLong
by NicksAnalysis
1
ICP Desc. Triangle Breakout + Rectangle, Targets $16.3 and $20BITGET:ICPUSDT broke out of its descending triangle and has successfully retested the resistance. The triangle target is $20 🎯 Not the cleanest breakout, and lacking volume. Also, a case could be made for a rectangle pattern with a $14 resistance, so the safe play would be to wait for a daily close above that level. The rectangle offers a second target: $16.3 🎯 This is also a previous resistance and could offer a good area to secure some profits. Not Financial Advice
Long
by AliferCrypto
Are #Stocks expensive? No measured against M2 money supplyThe 2000 Top was still the "real" peak of the US stock market Built obviously on the expectation that the internet would change the world and teh global economy. This highlights how the market foresees the future and how market participants are forward looking. The #DownJones index is still 50% down form that peak on this chart you can multiple chart patterns tat have played out previously HVF's, double top, head & shoulder tops, and inv H&S bottoms currently in a 22 year continuation inv head and shoulders which is still in progress my stance is Top in April/May 24 .... downdraft into the election and a run up for 2/3 years into the Giga Uber TOP
FRED:WM2NSLong
by BallaJi
2
ICP Detailed ChartAs mentioned before, ICP coin broke out from $3.50 and reached the range of $9-10. Later, I shared another analysis and mentioned that it was trying to return from around $9.80, and if it can hold here, it could go up to $15, but if it can't, we might see a reversal around $7.50. I tried to explain this more clearly and explicitly in this chart. If the market is still in a bullish season, ICP will initially attempt the $13-15 range. If it can break this range and continue the uptrend, it will target the $20-22 range. As the year-end approaches, it's advisable to be cautious. Generally, the market experiences a drop before the year-end. However, the expectation of the Bitcoin ETF is keeping the market strong. I wish everyone good luck and a happy new year.
by Dantefe
ICP Did It! What is Next?In my previous analysis, I had mentioned that ICP coin would rise from $3.60 to $8.20. Despite ICP dropping from $500 to $3, it is still a strong project and my favorite coin. Unfortunately, due to VC involvement, the coin that had fallen so much has finally started to show a strong uptrend. What is next? RSI is oversold, and price made a huge pump (+%50) since yesterday. Therefore, I believe ICP will make some corrections. As I point it out in the graph, if it starts to do some correction, I believe around 7.50$, we will see some reversal to go up to 15$. If it doesn't stop here, it can directly go to 15$, but I believe it will rejected from there and will do some corrections. In that case, I will publish a new analysis. This is my trial. Not a financial advice.
Long
by Dantefe
2
#ICP/USDT 2D (#BinanceFutures) Big falling wedge break & retestInternet Computer seems to have found bottom on historical demand zone, RSI entered oversold territory, recovery towards 100EMA would make sense. ⚡️⚡️ #ICP/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (1x) Amount: 9.4% Current Price: 3.804 Entry Targets: 1) 3.390 Take-Profit Targets: 1) 6.098 Stop Targets: 1) 2.305 Published By: @Zblaba CRYPTOCAP:ICP #ICPUSDT #InternetComputer #Dfinity #Web3 Risk/Reward= 1:2.5 Expected Profit= +79.9% Possible Loss= -32.0% internetcomputer.org dfinity.org
Long
by TradingOn
🔥 ICP Triangle Break Out: Going Down!Around a month ago I made an analysis on ICP where I discussed the triangle pattern on the chart. Back then, ICP was doing great, but I still anticipated it to go down and find resistance. After a few weeks of trading we got down to the bottom support, and eventually (today) broke through it. The bears got the overhand at the moment. With a lot of alts currently performing badly and BTC moving down, I don't see ICP going back up in the short-term. Bearish targets in blue.
Short
by FieryTrading
11
Comcast (CMCSA) bearish scenario:The technical figure Channel Up can be found in the daily chart in the US company Comcast Corporation (CMCSA). Comcast Corporation is the largest American multinational telecommunications conglomerate. It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. The Channel UP broke through the support line on 22/02/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 23 days towards 34.83 USD. According to experts, your stop-loss order should be placed at 40.74 USD if you decide to enter this position. Comcast Corp has cut its stake in BuzzFeed Inc by 8.5% since the end of January, cashing in on a rally in the shares of the digital media company on reports of a plan to partner with OpenAI, the artificial intelligence firm behind ChatGPT. It has so far sold more than 11 million BuzzFeed shares since Jan. 30, reducing its stake to 15.5% from 24%. The sale fetched Comcast about $28 million, according to a Reuters calculation. It sold roughly four million shares for an average price of around $2.90 apiece at the end of January, and most recently dumped another 500,000 shares for an average of $2.05 a share, filings by Comcast showed. NBCUniversal, Comcast's entertainment unit, had invested $200 million in BuzzFeed in 2015 and injected another $200 million in 2016, valuing the company at around $1.7 billion. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:CMCSAShort
by legacyFXofficial
(ICPUSD) has good growth potential to values of $14.30Bitcoin has shown growth to values of $25,000. By April and possibly including the month of April, Bitcoin may gradually reach around $30,000. Altcoins currently have good entry points for a mini alt season. Stop profit trade at a 1:7 ratio. I have selected coins that are interesting to buy in this mini alt season and that have potential for growth. — The coin ICP is a buy point at $6.20 — The zone ICP for profit-taking is $14.30
Long
by UnknownUnicorn285026
ICP Unchained?Bearish Idea ICP looks like copying the same price action as before it did in the box labeled 1. I believe it will rise to Retest the area around 4.5-4.6. If the price got rejected from that area than we could expect more fall till to 3.5-2-1.5. Bullish Idea FTX was one of the main reason why ICP fell so much but beacuse of the late events, maybe it could be a chance ICP to get rid of it's chains. In that case, if it can break the upper trendline(the black one), then we could expect more rise up to 9.80. For the both case, I think we should wait for the comformation. Not a financial advice. I am just correcting my previous graphs.
by Dantefe
2
BABA MOMENTUM POSITIVEWeekly Chart - BABA I am taking an interest in BABA here. It has been in a steep correction for well over a year and appears to have made a bullish wedge. What really has my attention is not only the price breakout above but also the momentum break. I may leave myself a little room and time here but I personally may take a heavier interest if it stays this cheap or drags sideways. These patterns are great for trading the spikes but there are no guarantees. It's not uncommon to see a large spike up (15-30%) only to correct and go nowhere for weeks or months. A breakout does not guarantee profit.. but for me the reward outweighs the risk in this zone. Let's see what happens.
NYSE:BABALong
by gghsusa
1
$NET, THE DISCOUNT OF THE DECADEBuying Cloudflare stock at these levels, and what seems to be an approaching opportunity to buy it at ~$30 is just an incredible discount. Myself and so many other developers around the world love building and deploying on Cloudflare, it's amazingly cost-friendly with a lot of free entry plans to get started at no cost. I am uber bullish on developers in general, it's a space that will grow exponentially. So many kids are growing up, wanting to code and deploy projects and Cloudflare makes it easy for them to get started at no cost, this is huge. When these kids grow up, they will be advocates for Cloudflare, they will pay it back. They will scale their web apps on Cloudflare, they will spend their money with the company that let them start building at no cost. It's what they'll be familiar with and Cloudflare will have a suite of products that will fulfill their needs. Cloudflare builds the right product and they build it fast. The founder is the CEO. They have a great leader at the helm who lives and breathes the space -- natural and passionate innovator. This is someone I have full confidence backing. Cloudflare continues to grow 50%+ YoY. This is the time to buy company's that are continuing to grow, despite the conditions of the economy. ibb.co As for the technicals, it sure seems that we are on the C wave of an ABC correction. I also added some trend lines that may or may not be respected. I am eyeing a bounce around $31 in late August. This is not financial advice. This is my personal opinion.
NYSE:NETLong
by thejdela
9