Technical analysis of OracleTechnical analysis of Oracle.
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Oracle
ORACLE finally pushed back from the support lineTarget horizon: 1-2 months
Target: $84
Stop order: $72
Technical analysis
The share price has pushed away from the local support line. Idea for the growth of the paper with a target of $84. The profit/risk ratio is 3.00.
Fundamental factor.
Oracle is a U.S. corporation, the second-largest software producer by revenue, the largest producer of software for organizations, and a major provider of server hardware. The company will report financial results for the first quarter of fiscal year 2023 today, Sept. 12. Analysts expect revenue of $11.33 billion and earnings per share of $1.08. If the report beats analysts' exp ectations and the company's management gives a good outlook, the market could put that positive value on the company.
Oracle: No end in sight for the pain!Oracle
Intraday - We look to Sell a break of 68.29 (stop at 71.31)
The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50.
Our profit targets will be 60.09 and 58.00
Resistance: 71.50 / 74.00 / 82.00
Support: 60.00 / 56.00 / 44.00
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$ORCL Fade The News IdeaOracle shares rise on better-than-expected earnings report - CNBC
My thought process on this idea is the following:
1) 10yr yield @ 3.33
2) Strong dollar
3) Fed potentially raising .75 basis points, according to J.P. Morgan.
Risk/Reward and environment is to the downside. If NASDAQ catches a bid and dollar/yields cool off, this may be a nice long. As of right now, it is a short the rip environment.
OFSS at multi timeframe supportThe stock is trading near-monthly and weekly price support i.e 2930-3020
Keep an eye on the price action near these levels for any bottom/reversal formation.
Bullish divergence near these levels can be seen on the daily chart.
Wait for more such positive confirmation in price action for initiating any positional trades in the stock with great RR.
$DIA/BTC 2D (Binance Spot) Bug falling wedge on supportDecentralised Information Asset looks bottomed here, we expect that dip to be the last then finally start the reversal.
Current Price= 0.00002656
Buy Entry= 0.00002665 - 0.00002405
Take Profit= 0.00004054 | 0.00005321 | 0.00007541
Stop Loss= 0.00001927
Risk/Reward= 1:2.5 | 1:4.58 | 1:8.23
Expected Profit= +59.92% | +109.90% | +197.48%
Possible Loss= -23.98%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 6 months
Website: www.diadata.org
Contracts:
#ERC20 0x84ca8bc7997272c7cfb4d0cd3d55cd942b3c9419
#BEP20 0x99956d38059cf7beda96ec91aa7bb2477e0901dd
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.
$GAL/USDT 1h (#KuCoin) Descending channel breakoutProject Galaxy is the new Binance Launchpool and just regained 50MA support, looks ready for another leg-up!
⚡️⚡️ #GAL/USDT ⚡️⚡️
Exchanges: Binance, KuCoin
Signal Type: Regular (Long)
Current Price:
10.750
Entry Zone:
10.678 - 10.002
Take-Profit Targets:
1) 12.353
2) 14.375
3) 16.397
Stop Targets:
1) 8.582
Risk/Reward= 1:1.15 | 1:2.3 | 1:3.45
Expected Profit= +19.47% | +39.02% | +58.58%
Possible Loss= -17.00%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1 week
Tags: #GALUSDT #Galaxy #Web3 #MVB #Oracle #Creation #DeFi #BSC
Website: galaxy.eco
Contracts:
#ERC20 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875
#BEP20 0xe4Cc45Bb5DBDA06dB6183E8bf016569f40497Aa5
LINK 3 day looking to make a bullish move from the DeMark 9LINK 3 day chart is looking great.
This chart has to turn bullish...its way
oversold, STOCH has to curl up, and
DeMark 9 Indicator has read the bottom
2 times perfectly. Watch for those 3 golden
pockets for Price retracements on the way up
to over $100+
HAPI Bottomed?HAPI/USD (Weekly)
- Seem to have found Support at approx. the $15-16 area and range-bound for a while.
- MACD/Signal and Histogram reversing
- Volume increasing over the last 3 weeks
- RSI low reversing
- Looks to be closing above the 50MA on the daily
- Resistance levels marked out by the fib extension (String Resistance will be at $50 and approx $72 area. If we can break above with strength, we should be forming a new high.
- Strong Resistance at the $50 level shown by the Volume Profile
$API3/USDT 12h (#BinanceFutures) Descending trendline breakoutApplication Programming Interface 3 is holding above 50MA support and looks ready for a sharp recovery, let's bid!
Current Price= 5.624
Buy Entry = 5.505 - 5.257
Take Profit= 6.127 | 6.756 | 7.295
Stop Loss= 4.782
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.2
Expected Profit= +27.72% | +51.10% | +71.14%
Possible Loss= -22.26%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1-2 months
Tags: #API3 #API3USDT #API #Oracle #Web3 #PoS #Staking #DAO #Governance #DeFi
Website: api3.org
Contract:
#ERC20 0x0b38210ea11411557c13457D4dA7dC6ea731B88a
TRB (Tellor) Token Analysis 28/03/2022Fundamental Analysis:
Tellor is a decentralized oracle network.
Oracles are a key part of blockchain infrastructure that update valuable off-chain data, making it available for on-chain smart contracts.
Tellor’s oracle supplies data that can be requested, validated and put on-chain transparently with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications.
To learn more about oracles check out the article Oracles 101:
coinmarketcap.com
Tellor’s oracle is a decentralized network of staked data reporters. Becoming a reporter requires no verification process i.e. permission less. Anyone anywhere in the world can be a reporter using open source software, a unique characteristic among blockchain oracles.
With some knowledge of blockchain and smart contracts, interested data reporters holding more than 100 TRB can start earning rewards for providing accurate data.
When oracle users request the value of an off-chain data point (e.g. BTC/USD), data reporters compete to add this value to an on-chain data-bank, accessible by all Ethereum smart contracts. The frequency with which data can be updated is limited only by how much / how often users “tip” the feed with TRB.
Also unique to Tellor, data is submitted in bytes meaning the oracle is flexible and robust for nearly any blockchain application.
The purpose of Tellor’s native token, Tributes (TRB), is to connect and align data reporters, oracle users, and community governance.
Security is achieved through Tellor’s governance contract, which uses a simple dispute mechanism to achieve community consensus on the data being reported. The way this works is that data reporters must stake TRB in order to report data and earn rewards, but they can be disputed and slashed, with their stake given to the disputer if they submit data the network deems incorrect.
Tellor was launched in 2019 by a U.S.-based team with the aim to address the oracle problem on the Ethereum blockchain.
Tellor was founded by Brenda Loya, Nick Fett and Michael Zemrose.
Brenda Loya is the CEO and co-founder of Tellor. Previously, Brenda worked as the VP and Lead Developer at Daxia in the field of blockchain, scalability and data science. Previously she was an economist and supervisory statistician at the U.S. Department of Labor.
Nick Fett is a co-founder and CTO of Tellor. Previous to Tellor, he was the founder of Daxia, a derivatives protocol on Ethereum. Nick also has experience in economics, regulation, derivatives, and machine learning including positions at the U.S. Commodities Futures Trading Commission.
Michael Zemrose is co-founder and CSO of Tellor and previously did Business development at Daxia. He was also an entrepreneur in media and consulting for several years before joining the world of crypto.
Tellor (TRB) has the Total supply of 2,385,988 tokens as of 28/03/2022.
The current CoinMarketCap ranking is #535, with a live market cap of $55,483,608 USD. It has a circulating supply of 2,313,777 TRB coins and the max. supply is not available.
Technical Analysis:
The Price Value Has Fallen to its 90% low, From its All Time High and has already Accumulated its Intrinsic Value and the Smart Money Flow is on its way. Currently the Price is at the 85% low of the ATH and it can be considered a good Opportunity for Investment.
There exist the Bullish Divergence of Price Value and MACD which is the very sign of Bearish Trend reversal and Start of the New Cycle and Bullish Impulsive waves.
We have defined 3 Targets by the Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension Levels, and these levels can be considered as the very important Pivot point on the Price Rally.
The 3 TP will get its Confirmation as the Price Triggers the 2 TP followed by some Price Correction and Retracement which is the distribution Phase.
Oracle great opportunuty Excellent opportunity to accumulate or join LONG.
Long and Hold
Solid and super capitalized company
1) RSI 1w is crossing 50% to the upside
2) trend reversal on the average 200 and 100 at one week
Primary bullish trend.
contact us privately if you want to know more information about the financial markets.
Lpi.sa
LINK 3 day chart looking solid!!!!CHAINLINK (LINK) 3 DAY CHART
The purple rectangle box is the
consolidation zone along with the support box.
LINK must break above the HULL SUITE Indicator
first, then move above the red line of the Bull Market
Support ribbon, to really make this chart shine to the upside.
This Chart is showing Hidden Bullish Divergence,
which means the price has a higher low, and the RSI has a lower low.
to hit those yellow dotted lines of price targets. If
it breaks those two ribbons and breaks above the white
trendline, we could have massive moves to $100-$150 this year.
Zoom in on the chart for more notes.