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WORK

WORKX ready for bull phase, new highs incomingHello The last time I covered workX it turned out to need more time consolidating. This time I think everything looks fine for a new bull phase. Also considering overall market conditions. When the price surges past the old resistance it can surge very fast because it is a low marketcap gem. Please do your due diligence, then you will find a hard-working team backed by big companies and also the European Union. Full send! Greetings, Corné
Long
by Cornevdberg
4
WorkX new Gem looking goodHello Guys, I have not shared an idea in a while. This new project has me feeling Verasity early vibes all over again, read my tagged idea and click on the play button of the chart. Will this gem see the same price action? This is of course a guess. Only a few months from the first listing, on Kucoin. Well-established staking program with the WorkX genesis NFT. Hard-working team. WorkX is listing on Gate.io tomorrow 30-01-24. Let's go! On the chart, everything seems good. We have seen a break out of the downward channel. A symmetrical triangle formed and broke upwards, after a short bear trap. I am expecting a small retest of previous resistance, but it could also break free without a retest like these small market-cap gems can do generally. As always: Trade safe and do your due diligence, please. Greetings, Corné
Long
by Cornevdberg
Bitcoin outlook: BullishUpon conducting a comprehensive long-term analysis, it becomes evident that Bitcoin's current valuation persists below its median threshold. Nonetheless, an intriguing potential for a more pronounced bullish trajectory remains, poised to unfold before any significant bearish tendencies take hold. At the heart of this analysis lies a median value of 36094.0, an anchoring point that draws attention to a desired cyclic range spanning from 29507.2 to 42680.8. It's important to note that the attainment of this extensive range remains speculative, given the multifaceted uncertainties prevailing within the western markets, with a focal point on the United States where legal ambiguities cast their shadow. The unique strength that propels Bitcoin forward is inherently rooted in the foundational tenets of the proof-of-work principle, which serves as the bedrock of its decentralized structure. This decentralization stands as a critical linchpin for Bitcoin's sustenance and endurance amidst an ever-evolving landscape. Operating on a proof-of-work consensus mechanism, Bitcoin orchestrates a global network of miners whose collective endeavor validates transactions and reinforces the network's integrity. Through an intricate dance of computational prowess, these miners solve intricate mathematical enigmas, fortifying the very foundations upon which the blockchain rests. This intricate tapestry of decentralized participants meticulously thwarts any attempts at monopolization, shielding the system against undue manipulation, censorship, and the peril of consolidated authority. In stark contrast, a transition of Bitcoin to the proof-of-stake paradigm would inevitably usher in a shift toward centralization, undermining the robust decentralization that stands as its hallmark. Such a transition would confer decision-making power to those holding the largest coin stakes, thereby disturbing the democratic equilibrium that defines the present landscape. This transition threatens to erode the resolute strength of the proof-of-work mechanism and elevates the susceptibility to centralized control, presenting a potential vulnerability to the very ethos that has propelled Bitcoin to the forefront of digital currency innovation. Inextricably linked to this discourse is the onset of a bear market, which emerged on November 14th, 2021, an event that can be construed as a requisite course correction following a period characterized by an unhealthy and excessively bullish market upswing. My conviction is rooted in the belief that for Bitcoin to chart a sustainable growth trajectory, it must adopt a cyclically balanced approach, steering clear of the tendencies that lead to over-reliance and unchecked growth. Notably, the ongoing reliance on Bitcoin as a reference currency paradoxically impedes its untapped growth potential, raising pertinent questions about the need for diversification in its utilization.
Long
by RobertD7723
GPBUSD LONG (UPDATED)updated long for gbpusd, looking for bullish continuation as there have been lots of targets created, first waiting on retracement of the monthly spring to enter in a long position and ride it to gbpusds quarter level @ 1.25 along with the equal highs just below 1.25 price is screaming to go up im hoping gives us the dip to enter us in, also hope price doesent blow through my stop before going back on i will keep an eye on it as it arrives at entry. this could be big considering we've had 4 months straight of bullish candles now retesting the lows. the resistance was broken so ideally there should be plenty of support on this retest. will we get a 5th bullish month in a row? will we miss the Bull train? will price decide it has been bullish for long enough? the charts tell a story let's see what happens next on gbpusd!
by jonathancarlucci
Proof of Physical Work consensusA new concept of Proof of Physical Work consensus Proof of Physical Work protocol encapsulates real-world use cases. The blockchain protocol rewards users for performing verifiable physical work like deploying a 5G hotspot etc. As examples of similar projects Wireless Network: Hellium Pollen mobile Provide token rewards to participants (hotspot operators) to provide network coverage for IoT and 5G. Mobility Hivemapper Dimo This is a decentralized map built by participants using dashcams, while DIMO Network users can earn rewards for connecting a hardware device to their car and contributing that data to the network Environmental: PlanetWatch -is striving to build a global air quality monitoring network to identify pollution hotspots and the community members can earn rewards for their efforts.) Weather Compute & Storage Filecoin arweave livepeer RNDR Filecoin boasts of a decentralized storage network. It provides a powerful source of low-cost distributed cloud storage, where contributors provide storage space on their machines and get rewarded in return. Arweave is similar to Filecoin in decentralized storage functionality, except that the former is focused on the problem of long-term data storage. I think that a full-fledged category of this Proof of Physical work will appear soon, this is what is really needed for Web3.0, this is a real connection with the physical world. And the IoT (Internet of things) will move into this category - Proof of Physical work
Editors' picks
BITSTAMP:BTCUSDLong
by EXCAVO
33
DocuSign Inc. and the lesson to be learnt. (TL;DR at end)When the Covid pandemic began affecting many people throughout the workplace and in their homes, companies such as NASDAQ:MSFT , Zoom and NASDAQ:GOOGL began rapidly designing software to accommodate for this very new sprouting market that nobody had ever seen before. A whole line of business dedicated to allowing people to perform their work assigned tasks from anywhere in the world or from the comfort of their couch at home. Despite the major sell-off due to the pandemic and fears of complete economic collapse in some places, a number of people and companies became considerably wealthier. A prime example that I am writing about today is DocuSign and their virtual document signing services which are in competition with NASDAQ:ADBE . There was a massive craze over this whole digital work idea and many investors believed it was a "money-pot" for a future dominating market. Many investors began pumping money into such companies for long and short term investments. The thought behind it being, "people prefer working this way and now that they have used it, they'll never go back". This mentality obviously allowed companies like DocuSign to advance in price dramatically, because how else are you supposed to sign off a document on a desktop for instance. Despite the thought process seeming "sound", there was one major downfall. The anticipated growth for a company like DocuSign and other competitors was astronomical. But, as Covid restrictions began to ease up slightly between the time of the announcement of the Delta variant and then Omicron, many people realised that they didn't quite enjoy working from home and/or owners of companies brought many employees back into the workplace, sales for products provided by a company like DocuSign slipped and this sent shivers through countless investors' spines as they realised how overpriced the company may have actually been in comparison to its inherent value. Needless to mention, DocuSign announcing that the "pandemic boom" in business was slowing down after they presented their slipping sales did not help in any which way, shape, nor form. This resulted in a horrific sell-off of countless stocks causing price a catastrophic price drop (especially for traders) of around $100 in Docusign and major price drops with their competitors. Consequently, Adobe had a stock price drop too as investors lost faith in their ability to maintain growth in sales (From $698 all the way through to $616 (at the time of writing)). Now there is one major lesson to be learnt regarding this scenario and like so many before it. Deciding to become a shareholder in a company due to the potential in their industry and their presence within it alone can end horrifically. Especially when the media "hypes up" such companies resulting in horrific over-evaluations. One must perform their own investigation into the safety of such company regardless of how long you plan on holding their stock for. There is no point in putting money into a company that may not be profitable or the management consists of a number of incompetent monkeys for instance just because everybody is talking about it. You must perform your own investigation and create your own judgement on whether this company is actually worth your time. As an investor or trader, you must be careful, now as much as ever. There are countless startups having their prices floated by the media and the public's attitude towards the company which inevitably come crashing back down, even though all that could be avoided if the investor/trader actually held back until they deemed the price "acceptable or attractive" for the company. As always, further opinions, facts and news that I may not be aware of are always welcome in the comments, it is always good to bounce ideas off of others, so comment away! TL;DR: The work from home craze at the beginning of the pandemic ('hyped' by the media) caused many to pump money into companies that would later lose business as many returned to the workplace or their financial infrastructure was realised to be dysfunctional. One must do their own homework into companies and only pay a suitable price for the stock they're getting.
NASDAQ:DOCU
by Michael_Axio
ClearOne (CLRO) - Good M&A target, revenue growthNASDAQ:CLRO describes themselves as a global market leader enabling conferencing, collaboration, and AV streaming solutions for voice and visual communications. With businesses becoming more comfortable and familiar with remote work, ClearOne has a competitive product line (and is actively developing new products) to cater towards that market, with a product line dedicated to improving remote conferencing for those who work from home. Another benefit is that their product line also offers solutions for corporate offices, allowing themselves to be at the forefront of an enterprise's conferencing equipment. With a market cap in the ballpack of $30 million, ClearOne is an obvious M&A target for industry competition like Cisco, Polycom, Avaya, etc. A smaller competitor, Shure (although ~3x larger in annual revenues) has filed lawsuits claiming ClearOne has been infringing on patents, with rulings constantly siding in the favor of ClearOne - an indication that competitors see them as a threat. The stock took a big tumble in 2018 when Shure began its patent infringement claims, forcing ClearOne to suspend its dividend indefinitely. Then, the company took a bigger tumble recently as it announced a private placement offering for 2.1 million shares at a purchase price equal to $2.4925 per share, along with warrants to purchase 1.1 million shares (immediately exercisable at $2.43 per share). Insider buying since the latest crash indicates that those closest to the company see it as extremely undervalued. According to recent filings, ClearOne has announced a product to give enterprises the ability to actively monitor their network of ClearOne products - a gateway to recurring revenue in the future - and plans on using the recently gained working-capital from the private placement to develop products that fit the changing landscape post-COVID. We will gleam a better insight into where revenue will trend in the year-end 2021 report, and hope to see revenue show signs of real growth throughout 2022. Full Disclosure: I am long CLRO at an entry of $1.35. I view this as a ~three-year play. This is not financial advice and the words above reflect only my opinion. You should always do your own due diligence before making any investment.
NASDAQ:CLROLong
by kasbil
Salesforce - is it correction time? or is slack to heavy...So CRM bought slack in a fairly expensive price and this caused investors to pull out and run -which is good because the stock needed to retrace and retrace the gap area between 220 -250. let’s focus on technical : Stock is moving in a downward trend with no lower highs only lower lows which means we are technically not in a downtrend ! the gap from 25th of August was finally filled and now the stock can keep climbing in a safer manner. the best part is we are seeing the correction from the drop beginning to correct and it fits our Stoch & ATR but most importantly it fits our POC and volume that indicates price should go back up to 250 (which is where the august gap ended - the wonders of volume never stop :)) So, stock needs to climb up to the 250 and make sure you keep in mind the 270$ line resistance that was tested several times and not broken To sum up, buy position to the 250$ line then we let it correct down for a day or so and jump back in to the 270$ line please note this trade is a quick one I assume a rise in Monday morning premarket and once market will open, we will already be halfway there so make sure you are in on time Happy Xmas and trade safe!
NYSE:CRMLong
by FDGT_academy
Salesforce bought Slack for $27 billion. What next?I think the Salesforce acquisition of Slack was genius. Why? They now have access to all of Slack's clients and companies. They can integrate all Salesforce products into it and go right after them to upsell them Salesforce products. This is a great attempt by Salesforce to keep growing revenues. However, there is more to this story... Before we get to the bear case, let's dive into one more interesting thing: Salesforce is officially going after Microsoft and Microsoft is going after Salesforce. Microsoft bought LinkedIn to essentially build its own CRM system for sales and contacts. They saw what Salesforce was trying to do. Now however, Salesforce is flipping the script. Imagine the following: Slack docs Slack spreadsheets Slack video You name it They are now going right after Microsoft Word and Excel. Also, to some degree, Google Business Solutions. That's where the bear case begins, however. This space is extremely competitive now and it's requiring more and more risk. A $27 billion acquisition? Salesforce could not build their own Slack for $27 billion? Salesforce could not find another cheaper company to acquire? Meanwhile companies like Discord are growing fast and coming for Slack. It seems that Salesforce's recent weakness, and point of this chart that Salesforce will return to its Volume Profile node, is that some long-term investors and holders are slightly weary of the cash spend and M&A mania that Salesforce has been on. They keep buying, rather than growing organically.
NYSE:CRM
by scheplick
9