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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
SUPER MICRO COMPUTER, TINY COMPUTER BIG REJECTION TRENDQuick chart. Price targets marked. It needs to break over that massive trend otherwise, I'd be careful as a bull. Support is somewhat weak until we reach that 450 level. Bigger support comes in lower at around 236. But both are fairly strong levels. RSI is kind of getting up there and showing signs of maybe this being an exit move to the upside before a drop. Yes, there is upside. Short term trend is climbing right to to 930. But honestly, It's really hard to tell, and it might reject at a lower target that is more short term than the 930 mark. 879? Overall remaining neutral because I'm not really sure. Good luck with your decision on the stock!
NASDAQ:SMCI
by nicktussing77
NVDA AT BEAUTIFUL SUPPORT!! EXPECTING A BOUNCE!There's a triple confluence here on NVDA, This is a massive support level with a developing 45min order block. With these confluence and a strong company leading the tech/AI world, I would expect higher prices to come unless we get a random negative event. I'm bullish and looking to break $1,000 in the next few months. Let me know your thought sin the comments below Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
NASDAQ:NVDALong
by Navitility
2
QBTS | Very Oversold Condition | LONGD-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.
NYSE:QBTSLong
by DivergenceSeeker
10
Mitigate Nvidia risk with a value-chain exposure to AIThe recent earnings announcement from Nvidia was historic. It’s not often that a firm shifts revenue guidance for an upcoming quarter from $7 billion to $11 billion. Nvidia’s total market capitalisation touched $1 trillion, something very few companies ever achieve1. An overzealous valuation? Professor Aswath Damodaran of New York University2, well known for his work on valuation, has said he cannot rationalise a $1 trillion valuation. Damodaran estimates Nvidia has a roughly 80% share of the artificial intelligence (AI) semiconductor market, which is around $25 billion today. Using bullish assumptions, which may not prove accurate, he looks to see growth in the AI semiconductor market to reach $350 billion within a decade. If Nvidia captured 100% future market share (a bold assumption), Damodaran’s valuation still resides about 20% below current prices. Nvidia is essentially a hardware company. One can see them try to ramp up software, but that is not the main driver. Other companies that achieved the $1 trillion market capitalisation level have software companies with network effects that draw vast numbers of end users into ecosystems. These software businesses have many ways to earn revenue from new products and services. Professor Damodaran’s valuations do not necessarily lead to share prices that immediately decline—but it may be difficult to keep the return momentum coming with equal fervor. Nvidia’s products do not operate in a vacuum WisdomTree spends a lot of time focusing on the AI megatrend. Nvidia’s products do not exist in a standalone fashion, as they are plugged into cabinets containing other hardware functioning in concert. If the AI semiconductor market grows, as many now expect, a lot of companies will benefit. Nvidia cannot, by itself, manufacture its semiconductors end-to-end. Taiwan Semiconductor Manufacturing Co. (TSMC) is responsible for this part of the puzzle. There is a whole semiconductor value chain, and each element captures a different-sized slice of the economic value pie. There are a range of companies associated with ‘generative AI’ over the period from the release of ChatGPT. Alphabet, Meta and Microsoft represent companies developing large language models (LLMs) to allow users to directly access generative AI. Meta was beaten down in 2022, due to disappointment with the firm’s metaverse efforts, but AI and cost cutting is helping them in 2023. Alphabet and Microsoft are at the centre of the generative AI battleground. Microsoft, so far, is winning on the cloud computing battle front with its Azure platform, whereas Alphabet’s Google is going to be very difficult to fend off in the internet search space. It’s interesting to compare Nvidia to Samsung and SK Hynix. Running AI models, especially large AI models, requires memory, and Samsung and SK Hynix are in the memory chip space. Excitement, at least in recent years, fluctuated in waves across the broad semiconductors market. Right now, during the explosion of generative AI, graphics processing units (GPUs), where Nvidia is the leader, are all the rage. Synopsys and TSMC represent notable, necessary value-chain plays on semiconductors. Nvidia chips cannot be created in a vacuum. Synopsys provides necessary electronic design automation capabilities, whereas TSMC is among the only companies with a manufacturing process advanced enough to fabricate Nvidia’s most advanced chips. Is AI over-hyped? The Gartner Hype cycle characterises one way to view new technologies. In the short term, excitement leads to money flows. Share prices and valuations benefit. At a certain point, a realisation sets in that true success, growth, and adoption takes time, so at this point there is usually a lot of selling and a tougher return environment. Finally, there is a recognition that pessimism is also not quite appropriate as the technology is still important and still being used, so growth rates and returns then tend to be more reasonable. AI is not any one single thing. Today we think of it as ChatGPT, LLMs or generative AI, but other disciplines and functionalities are still there, they just aren’t grabbing headlines in same way. ‘Generative AI’ and ‘foundation models’ might be nearing a peak of inflated expectations. Have you been excited about self-driving vehicles recently? No? Well, that could be part of the reason why ‘autonomous vehicles’ might be near the trough of disillusionment. Computer vision, which has been around for quite some time, is making its way up the so-called ‘slope of enlightenment’. The hype cycle is not an exact science. Any discipline on this graph could generate any sort of return, positive or negative, going forward. It’s simply a tool that helps us place all of these different topics on a broader continuum. The only thing we seem to know for sure is that all of the topics do not generate the same levels of excitement or pessimism all the time. Conclusion: it’s possible to mitigate single company risk by looking across the AI ecosystem The hype cycle illustration points out that the various applications of AI are at different points of adoption, excitement, and development. No one knows the future with certainty, but we believe there is growth occurring in all of these disciplines. The world is enthralled with generative AI now, but the world was similarly excited about autonomous vehicles a few years ago. Progress is occurring, even if we are not seeing it reflected in every headline. WisdomTree has a broad-based AI index to capture these AI trends. While Nvidia’s valuation is getting stretched, according to Professor Damodaran, WisdomTree’s AI index did not change much following the Nvidia surge. The entire ecosystem of AI defined by WisdomTree is not as beholden to the moves of any single company. AI has the potential to impact every industry which is why WisdomTree built a broad-based, ecosystem-oriented approach as opposed to concentrating on any single stock. Sources 1 Source: Bloomberg. 2 Source: Hough, Jack. “Nvidia Is the New Tesla, the ‘Dean of Valuation’ Says. It’s Time to Cash Out.” Barrons. May 31, 2023.
NASDAQ:NVDA
by aneekaguptaWTE
Microsoft (MSFT) bullish scenario:The technical figure Flag can be found in the daily chart in the US company Microsoft Corporation (MSFT). Microsoft Corporation is an American multinational technology corporation which produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. The Flag broke through the resistance line on 05/10/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 9 days towards 260.20 USD. Your stop-loss order, according to experts, should be placed at 235.20 USD if you decide to enter this position. Investors will be hoping for strength from Microsoft as it approaches its next earnings release. In that report, analysts expect Microsoft to post earnings of $2.31 per share. This would mark year-over-year growth of 1.76%. In terms of valuation, Microsoft is currently trading at a Forward P/E ratio of 24.74. For comparison, its industry has an average Forward P/E of 23.21, which means Microsoft is trading at a premium to the group. Meanwhile, MSFT's PEG ratio is currently 2.11. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.04 at yesterday's closing price. 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:MSFTLong
by legacyFXofficial
(ICP) Internet computer does not look good(ICP) Internet computer does not look good. early investors are up 500X and selling off their shares. Also there are not many users of ICP but that is growing. It seems that the rules have bee set up to drop the price of this coin over the next few months as they build out infrastructure. The idea of rebuilding the entire internet is a much bigger problem than you might think. Think of it as shipping container level efficiency, but slightly improved, but keep the monopolies. I would wait a few more months for the price to settle down before I consider investing with the intention to buy and hold til 2025.
Long
by JGH_Capital
Dfinity -ICP Internet ComputerInternet Computer is a third-generation blockchain developed by Dfinity. One of the goals of which is the creation of a decentralized Internet. Internet Computer is based on the new programming language Motoko. It is open-source that supports advanced work with smart contracts and the creation of scalable, high-performance decentralized applications and services. At the moment, the Dfinity team has more than 200 employees. There are a lot of famous personalities. ICP aims to create a "blockchain singularity" in which every system and service is rebuilt and reimagined using smart contracts and runs entirely on the public blockchain without the need for traditional IT. Project management is largely under the control of the Internet Computer community. In addition, Internet Computer will use its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses to be hosted on Internet Computer. What is an ICP token? The ICP token provides gas to the network and allows holders to vote on proposals that will shape the future of Internet Computer. Users create "voting neurons" that allow them to vote either manually or automatically by tuning their neurons to follow other neurons. You can read more about neurons in the article. www.dfinitycommunity.com Also, you can lock your ICPs for a period of 6 months to 8 years and receive profitability for participating in voting. Back in 2018, people were given 28 ICPs for registering on Coinlist and verification, and 120 ICPs fell for testing the system. For three years people have been waiting for their drop, looking after their cars, thinking about the comfortable future that the ICP drop will bring them. The reality turned out to be not as colorful as dreams. Instead of hundreds of thousands of dollars, people received annual vesting for tokens, and the ICP price quickly rolled away from $500 to $50. Projects on ICP: Plug Wallet - the convenient wallet, a browser extension; Stoic Wallet - another wallet for the ICP ecosystem; Fleek - the product that includes hosting web resources and applications, cloud storage; District - the fully decentralized, community-built professional social network; DSCVR - the decentralized version of Reddit on ICP; OpenChat - the decentralized messenger; IC Drive - Decentralized Data Warehouse; ICmoji Origins, Texas Holdem, Mission is Possible, Reversi - ICP games; Enterot - NFT marketplace; DFinance, ICPSwap - DeFi projects (swaps, farms, etc); More projects here: dfinity.org ICPSquad: twitter.com In short - by having an NFT personage and performing any interactions within the ICP ecosystem, you get a chance to earn tokens and accessories for your personages. If you missed it - you can still take an avatar in pre-order. If you plan to dive into the ICP ecosystem - it will be much interesting with an avatar. I don't see anything original in the ecosystem. Decentralized social networks and versions of the tools we're used to are good, but speculators can't make money here. We look forward to our pre-order avatars and the emergence of serious DeFi products. We plan to use ICP in all applications where it will be possible to obtain ICPSquad accessories. ICP ranks 27th in terms of capitalization, with a cap around $7.61 billion. Is it worth buying an ICP token now? I think this is a good idea for a small percentage of your deposit in the long run. Reasons for growth: 1) The chart since June represents accumulation in the range of $30-80. Blockchain hype can reach the Internet Computer sooner or later, and we will see a good way out of accumulation. 2) Fork Badlands - BDL tokens will be issued to ICP holders. 3) Launch of smart contracts on the bitcoin network. Best regards, EXCAVO
by EXCAVO
18
Internet Computer (ICP) Has Been Consolidating Will Get to $60Internet Computer (ICP) has really been squeezing in between $42.00 - $50.00 for the past month. Not much volatility has been happening with ICP it's just been moving sideways for most of October. It has not been up to pace with most of the market this month. When coins are moving like this these are the ones I like to keep an eye on. The majority of the trading has been at around $45.50 since July which is serving as the point of control (POC) for Internet Computer. It's becoming clear that a lot of accumulation has been happening in the mid $40 level for ICP. Essentially Internet Computer is striving to become a decentralized global computer that is geared toward cryptocurrency ecosystems. It's still a relatively new project and it has very strong crypto institutional backings. Once it fully breaks past it's current resistance of $53.00 I believe we will se ICP back in the $60 levels. The a nice amount of upside from these the lower to mid $40 range and we're still mellow on the RSI. Keep ICP on your radars! Support: $42.50 Short Term Resistance: $48.55 Resistance: $53.00 Much peace, love, wealth, and health!
Long
by peacefuljustin
2
A conservative yet realistic price path for ICB by year endIt appears that ICP could be in ascending channel. With that as my thesis I charted major lines of support and resistance and combined it with a fib retracement from the recent high to the major low in July. A blowoff top in December could have the price hit the 3.618 at about $250. I say this is conservative because FOMO could really hit hard and who knows how high it could go. Regardless I think a $250 target is more than realistic in this bull market.
BINANCE:ICPUSD
by CryptoNCoffee
1