OCEAN Protocol a future bridge between blockchain and A.I OCEAN Protocol: A Comprehensive Overview
OCEAN Protocol is a unique decentralized protocol that enables the sharing, discovery, and monetization of data. It offers a platform that facilitates the exchange of data in a secure and privacy-preserving manner. The protocol allows data to remain on-premise, yet enables third parties to run specific compute jobs on the data to get useful results, such as building an AI model or performing statistical analyses12.
One of the significant advantages of the OCEAN Protocol is its ability to integrate with blockchain technology, which enhances the security and transparency of data transactions. The protocol supports the creation of data marketplaces, where users can publish and purchase data. Data is published as interoperable ERC721 data NFTs and ERC20 datatokens, and Compute-to-Data enables private data to be bo ught and sold on a decentralized exchange designed specifically for data3.
The protocol has also implemented fine-grained permissions using role-based access control, primarily handled by datatokens. This allows users to specify and manage access to resources in a more precise way, catering to the needs of enterprises and other users who require advanced access control solutions4.
OCEAN Protocol was recognized as a Technology Pioneer by the World Economic Forum, and it has been featured in numerous renowned publications such as The New York Times, BBC Capital, Forbes, Wired, HBR, and MIT Tech Review5.
The Team Behind OCEAN Protocol
Trent McConaghy and Bruce Pon are among the key figures in the OCEAN Protocol team. Trent McConaghy focuses on AI, data, and Web3 within the context of the protocol6. On the other hand, Bruce Pon, who is a founder and board member at OCEAN Protocol and the CEO at BigchainDB, has a rich background in building bank and industry startups in Europe, Asia, and the Americas. He has worked with companies such as Mercedes-Benz, Volkswagen, Mitsubishi Corporation, Accenture, and DuPont789.
OCEAN Protocol's Market Position
As of the latest update, OCEAN Protocol ranks #211 in terms of market capitalization, which stands at approximately $141,673,767. The circulating supply is 434,026,836 OCEAN out of a maximum supply of 1,410,000,000 OCEAN101112. The highest price recorded for OCEAN was $1.93 on Apr 10, 2021, and the lowest was $0.012848322542 on Aug 11, 20191314.
The current market performance shows a slight decrease, with a -3.00% price decline in the last week. However, the community sentiment remains largely bullish, with more than 81% of users feeling positive about OCEAN Protocol1516.
The comprehensive comparison of OCEAN Protocol with other AI-focused tokens in terms of market capitalization is yet to be completed. This comparison is critical to understand OCEAN's standing in the AI field and its potential for future growth.
Please note that this research is intended to assist you in your own due diligence (DYOR). As the cryptocurrency market is subject to high volatility, it's important to conduct thorough research and consider multiple factors before making any investment decisions.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Nvidia
AMD: Beating Market Expectation, Bullish Bias Ahead?Hello Fellow Global Stock Trader, Here's a Technical outlook for AMD Stock!
Price Action Analysis
After Rebounding on the Fibonacci Golden Ratio Area, AMD has broken out of the bearish channeling pattern. The breakout could confirm a possible bullish trend ahead. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
Fundamental Drives
- AMD Q4 Earning 2022 was beating the analyst expectations:
Revenue: $5.6 Billion versus $5.5 Billion Expected
Adjusted EPS: $0.69 versus $0.67 Expected
-Lisa Su plans to release AI chips
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AMD"
Nvidia Stock Could Grow 5x in 10 YearsThis is reported by CNBC with reference to the opinion of a hedge fund manager who believes that AI-related demand will serve as a growth driver.
→ According to Goldman Sachs analysts, AI can increase the profits of S&P 500 companies by 30% in the next 10 years.
→ NVIDIA raises its FY2024 processor sales forecast due to demand for AI.
→ Billionaire Stanley Druckenmiller bought Nvidia and Microsoft shares in Q1 for USD 430M, betting on AI.
Meanwhile, NVDA's share price broke the psychological USD 300 mark, breaking the top of (1) March 2022. This is the average target price according to 46 analysts polled by the Wall Street Journal. They will probably have to raise their target price for NVDA stock now. By the way, none of them recommends selling the stock.
The chart shows that Nvidia's share price has risen more than 100% since the beginning of the year and is moving within an upward channel (shown in blue). The USD 290 level, which previously served as resistance, can now provide support. And if the bulls do not lose momentum, the price of NVDA shares may reach its upper limit.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Time to start looking for lower pricesI believe NVIDIA has topped out for now. The inverse head and shoulders looks to have played out nicely for the bulls. Im currently looking to short back down to the $270 area. Ill play it level by level by using fibs and volume support along the way.
Long term - My lowest target price is around $130-$150. Hard to say if we get there since its so far away but it may be a great place to accumalate. $195 could also have great support and maybe the bottom as well. I also like to use EMAs so the 50 ema on the Monthly timeframe may also provide macro support as well. As of today that purple EMA sits right around $162.
Nvidia Swing ShortThis stock has been doing well recently and has reached significant resistance levels with overbought conditions and bear divs on both RSI and Volume. Along with that its moving up in rising wedge which is bearish structure.
Highlighted the levels for SL and TP (Orange lines) it may not go all the way down because move from bottom to 50% level looks solid and supported by volume acceleration.
We also at the PRZ of a large bat structure, which should start putting downward pressure on the stock's price.
We have notable events coming up (CPI announcement) tomorrow and the day after and if they cause volatility, it's possible to get some good entry into this.
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Keep learning and Happy trading All.
NVIDIA - Watch For PullbackThis is the final push for the top before I suspect a strong pullback. Originally I was expecting $265.00 and that was exceeded. Be Ready to take your Profits as I fear the Honeymoon may soon be over for a while and you 'll be Smiling all the way to the Bank. Look for and sell at the first sign of weakness as the price nears the top line of resistance at $305.00
LONG $BTC / SHORT $NVDA PAIR TRADE ez pair trade overvalued tecc stonk vs future of finance / global reserve currency
nvda and many other tech stocks rallied 150% since the previous lows, i think its time btc plays catch up (currently up around 100%, previous bear market rally was ~340%)
nvda also has highest p/e ratio it has ever had (150 p/e) so i think this is a good option if you're looking for something to short
ASML: Dominating the industry 💾ASML Holding N.V. is a holding company based in the Netherlands. The Company operates through its subsidiaries in the Netherlands, the United States, Italy, France, Germany, the United Kingdom, Ireland, Belgium, South Korea, Taiwan, Singapore, China, Hong Kong, Japan, Malaysia and Israel. The Company operates through one business segment which is engage in development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems, consisting of lithography, metrology and inspection systems. The Company offers TWINSCAN systems, equipped with lithography system with a mercury lamp as light source (i-line), Krypton Fluoride (KrF) and Argon Fluoride (ArF) light sources for processing wafers for manufacturing environments for which imaging at a small resolution is required. TWINSCAN systems also include immersion lithography systems (TWINSCAN immersion systems).
ASML's lithography systems use a process called photolithography to create intricate patterns on silicon wafers, which are then used to create integrated circuits, memory chips, and other semiconductor components. These patterns are created using a process of etching, deposition, and other techniques that require precise alignment and control.
ASML's customers are primarily semiconductor manufacturers such as Intel, Samsung, TSMC, and GlobalFoundries. These companies use ASML's lithography systems to create the most advanced microchips on the market. ASML's customers are some of the largest and most influential players in the semiconductor industry, and they rely on ASML to provide them with cutting-edge technology that enables them to stay ahead of the competition.
ASML's business model is based on a high degree of innovation and research and development. They invest heavily in R&D to continually improve their technology and maintain their market leadership. Additionally, they operate on a capital-intensive model, where the cost of producing their lithography systems is high but the revenue potential is also significant.
Overall, ASML's business model is centered around developing and selling advanced lithography systems to the world's leading semiconductor manufacturers, which requires a high degree of technological innovation, R&D investment, and capital-intensive production processes.
There are other companies that offer lithography systems for the semiconductor industry, such as Canon, Carl Zeiss, and Ultratech, but they do not directly compete with ASML in the advanced lithography segment of the market. These companies generally offer less advanced lithography systems that are used for less complex microchip manufacturing applications.
ASML's main customers are some of the largest semiconductor manufacturers in the world. These companies use ASML's lithography systems to manufacture advanced semiconductor chips for a wide range of applications, including smartphones, computers, servers, and other electronic devices.
Some of ASML's key customers include:
- TSMC (Taiwan Semiconductor Manufacturing Company)
- Samsung Electronics
- Intel Corporation
- SK Hynix
- Micron Technology
- GlobalFoundries
- UMC (United Microelectronics Corporation)
- STMicroelectronics
- Toshiba Memory Corporation
- Nanya Technology
With the underlying business performing so well over the years, its no surprise to see the stock has followed suit. Since 1996, ASML has returned +23.38% CAGR compared to +9.02% for SPY
At this rate of return HKEX:10 ,000 invested in ASML back in 1996 would have grown to over HKEX:3 million!
The strong market position and outlook for the business make me believe that the company will not be slowing down any time soon, and even at a valuation of 36x earnings I think this is a business trading at a fair value.
I have added this to my portfolio which you can check out here ⬇️
www.etoro.com
NVDA ON RESISTANCE WITH A POSSIBLE SELL OFFFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NVDIA - Expect Sideways Until Bear Puts Expire WorthlessEver since NVDIA went up after its February earnings call, it seems that social media traders have been afflicted with a fetish for trying to short it. There's all sorts of fundamental reasons, they say, such as NVIDIA is trading at blah blah times P/E, AI doesn't actually need chips beyond the initial machine learning phase, and of course the top reason that everything should be bearish: the Federal Reserve isn't pivoting!
None of that matters. One of the biggest pieces of wisdom I can share with you is that fundamentals do not matter in the way that you're led to believe that they matter. If the markets really worked that way, then there would neither be bubbles nor would there be undervalued stocks. If everything algorithmically traded in line with what "it was truly worth" you would have no opportunity at all to make (lose) any money, would feel bored with the computer, and would go outside.
The fundamentals to the market at large right now, including with the recent collapse of regional banks and Silicon Valley Bank, is that everything in this world is revolving around "relationships" that companies, people, organizations, and communities have established with Xi Jinping and his Chinese Communist Party. This especially includes what happened during the Coronavirus Disease 2019 pandemic and the world's response to the disease.
Too many people have, for the sake of the economic and recreational benefits that the Chinese Government has offered, imported the CCP's cultural revolution stuff back home. And yet, the CCP under the Jiang Zemin faction is guilty of almost 24 years of persecution against the 100 million practitioners of Falun Gong meditation, which involves the unprecedented crime of live organ harvesting as a form of torture (Kilgour-Matas Report).
And the result is a lot of business and social practices have developed under the Party's method that amount to cancers festering in the world's body. If you want to get rid of a cancer, you have to not only cut it out, but get rid of the root cause and the behaviors and habits that give the disease the environment it needs to lump around.
The thing about NVIDIA is that it has a story. Stories matter more than fundamentals in the short term. In the long term, fundamentals matter more than stories. This is because a small group of whales needs a pretext in order to bait in a large number of fish and a moderate amount of sharks to feed on, and this operation is a short to midterm play that revolves around the longer term fundamentals, which cannot be avoided.
NVIDIA's story is that there's a cool Chinese guy with grey hair running the company wearing a leather jacket. He says that he can sell a lot of chips right now and quickly exceed the very worthless crypto mining boom because GPT4 and STABLE DIFFUSION and the AI REVOLUTION need GRAPHICS CARDS more than rich kids need $1,800 graphic cards to be addicted to video games instead of having jobs and girlfriends.
Well, I'm a price action trader. I think the charts show the truth of the markets and their combined understanding and the candles reflect the operation in play. Zoom out, is what they always say:
NVIDIA on the monthly, when it dumped in October, took out a long term low from 2021.
Taking out a low all on its own doesn't mean much, but my friends, when a highcap takes out a big low AND THEN ALSO bounces 74% over the next three months, and instead of heading towards making new lows, goes ahead and makes a new high the next month, why are you shorting something that's going up?
Look at this pattern on the weekly and ask yourself what you really find appealing about buying puts on this besides hearing all the rabble in signal groups and on social media yell about HOW OVERPRICED this stock is and how IT SHOULD GO TO ZERO. IT'S GOING TO ZERO.
And even more so now with NVDIA closing at ~$270, this is the worst time to trade it. You've already missed the boat to go long, and going short has destroyed a lot of accounts.
You're at the apex of an inflection point, and the scenarios on both sides are very simple:
1. If it's bearish, then the MM is short from the early '22 pivot parked under $300, and bears are about to get what they want.
2. But that pivot is right under the $300 psychological level where big short positions now have their stops
3. If NVDIA is truly bullish, it will take out that pivot, sweep $300 and then is likely to retrace
4. But for bears, it doesn't make sense to give them a way out and retrace like that.
5. Thus, the most annoying thing the MM can do is to park price in this $255-275 range for several weeks and kill everyone's put and call premiums while selling the contracts
6. This means no retrace. Instead, when everyone's lost all their money going short, and it doesn't dump and NVDIA does go over $300 in May or June, price doesn't look back and sets a new all time high
7. Bears bamboozled and in disbelief about how a tech stock can set a new ATH during FEDERAL RESERVE RATE HIKES
If you want to make money in trading, you need to put risk management at the top of your priority list.
What's really implied by this is that you stop gambling. The way you stop gambling is by changing your heart and your intentions in trading. You have to stop wanting to get rich. If you try to change your life with gambling then you will, as a result, ruin your life. Literally everyone knows this and yet people still try to make their lives "happy" through gambling.
What you're trying to so is solidly and systematically increase your account on a compounding basis. To do this, you need winning trades and not losing trades. To do this, this means you need less trades, because let's be honest, most of your trades are losers.
In order to achieve all of the above, you need to quit listening to influencers and Discord and Telegram signal groups, delete the Marxist social influencing website Reddit, and start thinking for yourself.
You have to understand that a lot of these people do not trade themselves. They make their money grifting you for subscriptions and from behind the scenes for pushing certain things on their followers. You think from looking at how they talk and how they act and what they say that they're making a lot of money and are very successful, but almost all of them are either total frauds or losing traders.
Stop looking up to "heroes." There are no heroes. There's just you and your life, and you're in a very harsh and adversarial environment where the moral standard is very low and the people around you have very, very poor values. You need to make sure that your moral standard is high and that you have values and ideals that you can stand in front of your grandchildren with and hold your head high.
Also, genuine winning traders are both few and far between, and generally do not carry a high profile. People who have survived in the markets for a while also understand both how easy it is and how painful it is to lose money. They understand how hard money is to get it back once it's been lost. And thus, they aren't out there cowboying around.
You shouldn't listen to what I tell you either, because you need to think for yourself.
If you don't get sober and rational now, then when this world really changes as the Chinese Communist Party falls, a day which is extremely, extremely close, you won't have a chance to make it through the tribulation, because the requirement to pass through is that you have clean hands, a clean heart, and have chosen a bright future for yourself.
AI - Running Away From The NazzyAn AI index, comprised of:
Shown in Blue
Google
Microsoft
NVIDIA
C3.AI
Nasdaq Shown in Orange
We see that they have broken away from the returns offered by the Nazzy Tech Index
Bottom of the Graph:
Spread between the above defined AI index and the Nazzy.
Has reached its All Time High..
Traders would have earned an additional 20+% by investing in the AI index in lieu of the Nazzy
Mind you, these companies have Zero additional profits resulting from AI, at this time.
How to profit from this?
Accepting ideas.
IntelBetter late than never. NASDAQ:INTC is joining other semiconductor companies in a supposedly bullish run. NASDAQ:NVDA has led the pack, with NASDAQ:AMD joining last week. NYSE:TSM has been on the forefront with Nvidia but it pulled back, as a results it's not among the leaders at the moment, but moving up.
It's now a question of leader versus laggard. I have positions on NASDAQ:NVDA , NYSE:TSM , and NASDAQ:AMD . A swing trade on NASDAQ:INTC shouldn't hurt.
NVDA more AI Deep Learning news has + effectNVIDIA Corporation (NVDA) is currently trading at a price of 268 with a 1.46% increase in the price from the previous trading day. The stock has a 1-month high of 275.89 and a 1-month low of 222.97. The stock has been rated as "Sell" based on the oscillator rating.
In terms of technical indicators, the Average Directional Index (14) is at 21.23, indicating a weak trend. The Awesome Oscillator is at 14.20, indicating a slight bullish momentum in the stock. The Relative Strength Index (14) is at 62.97, indicating that the stock is neither overbought nor oversold. The Stochastic %K (14, 3, 3) is at 53.72, indicating that the stock is in neutral territory.
The stock's moving averages are bullish, with the Simple Moving Average (10) at 266.78, Exponential Moving Average (20) at 260.38, Exponential Moving Average (50) at 246.21, Exponential Moving Average (100) at 226.86, and Exponential Moving Average (200) at 203.67. The Moving Averages Rating is "Strong Buy".
The stock has a YTD performance of 80.44%, indicating strong performance over the year. The 5-year performance of the stock has been very impressive, with a gain of 378.30%. The stock's beta is 1.88, indicating that it is more volatile than the overall market.
The stock belongs to the Electronic Technology sector and has a Bull Bear Power of 9.05. The Parabolic SAR is at 275.20, which is above the current stock price, indicating a bearish trend. The Pivot Fibonacci P is at 264.99, and the Pivot Camarilla P is also at 264.99.
Overall, based on the technical analysis and the stock's performance, I would rate this stock as a "Buy". However, investors should keep in mind the high volatility of the stock due to its high beta value.
Nvidia -> Squeezing The BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that after Nvidia created and also confirmed the weekly inverted head and shoulders, which we created around the beginning of 2023, we had another rally of about 70% towards the upside.
In my opinion Nvidia is definitely ready for a short term correction, you can also see that we are about to retest previous weekly resistance at the $280 area which is turned resistance again so from there I do expect at least a short term rejection towards the downside.
On the daily timeframe you can see that market structure is still very bullish, there is no sign of a correction yet so I am now just waiting for a break below the previous daily support zone at $265 which is then turned resistance before I then do expect a short term correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NVDA D1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.