ORCL to 70+ next few weeks?* one view here is an inverse head and shoulders with a neckline at either 55 or 60
* another view is just a cup-n-handle formation with a clear break to the upside
* obviously tiktok deal cements their advertising business; are they transitioning to an advertising company? (dont forget they bought bluekai. could there be a re-valuation, like we saw with aapl?)
* implied volatility in the options market seems very depressed.
* expansion of bollinger bands suggests an increase in average implied volatility could be coming and prop up longer dated OTM options
* clear break to new highs from lengthy base
* appears to be forming bullish flag after recent break to new highs
* imo, one of the most solid looking charts out there
* I am playing this with the following positions:
55 oct16 call
55 jan2021 call
85 mar2021 call
Oracle
ORACLE, Moving In Possible Flag-Formation, Important Levels!Hello Traders Investors And Community,
Welcome to this analysis about the stock value ORACLE 4-hour timeframe perspective, the recent event, the current formational structure, what to expect the next times, and how to handle upcoming situations in an appropriate manner. The stock market these times sending highly mixed signals within the individual stocks where some forming more bullish formations others looking for the downside, these are still consequences of the corona crisis and damages in the economy as those mechanisms also seen in past historical financial crashes were there came big sorting outs of innovative stocks and others which didn't manage to come up with, comparing with the current situation we can note that everything involved with digitalization has more chances to succeed sustainable so also ORACLE which recovered from the corona breakdowns and now forming a smaller when not bigger correction where I found important
signals how this stock can destine.
When looking at my chart you can watch there that the stock is moving in a larger channel which is actually a possible bull-flag formation marked with black upper and lower boundaries, where the stock currently approaches the upper boundary which already confirmed bearish to the downside and now doing this a second time where it is still holding above the 55-EMA marked in green where it is consolidating above to form a leg down moving into the last wave-count that will form the final and decisive wave E of the overall big wave-count the stock is forming here, this last wave can be protracted till there is support reversing the situation and bouncing which will be the level marked in my chart in blue where the stock has not only the 1000-EMA but also the lower boundary and support from past price action as supports, these levels forming altogether a coherent support cluster coming up with a high possibility to bounce in this area as it is marked.
When the stock shows up with the more likely scenario where it bounces in the suggested back-up-zone marked in my chart to do not fall below this level again the stock has some decent and solid potential to move higher and form the bull-flag breakout which will confirm the formation and activate higher targets in the range, although it is possible to trade this anticipated upcoming mechanism aggressively with an entry in the channel the best and smartest way will be to wait on the proper confirmation above the upper boundary with a possible pull-back to enter in the market. The next times will show how this scenario plays out and if the stock manages to form the suggestions as mentioned, remember that it is highly important to bounce in the area marked in my chart, when this does not happen and the stock falls below this can cause bearish pressure which will increase together with a corona increase.
In this manner, thank you for watching, support for more market insight, all the best!
Information provided is only educational and should not be used to take action in the market.
ORCL TIKTOK Rumors may push for a break out of falling wedge ORCL has been consolidating lately but new fundamentals elements may push the price to break out of the falling wedge that it is currently consolidating in.
Technicals:
RSI looks healthy, MACD making golden cross.
Consolidation inside of falling wedge(near breakout)
Fundamentals:
TIKTOK acquisition rumor
Note:
Wait for confirmation of breakout to be safe.
Ren- Muti-time frame analysisAnother hot oracle/infrastructure token riding on the DeFi hype. Good for short swing trade that lasts for a few days or weeks.
BAND- Just got listed on Coinbase! Another oracle play like LINKThere is no denying that LINK's first mover advantage in Oracle space, amplified by the DeFi gold rush, has resulted in its tremendous surge recently.
Another reason is that many of its competitors such as BAND, TELLOR, DOS and NEST can only be traded on Dex (decentralized exchange), centralized exchanges such as Polonix (who still use it?) and foreign exchanges that don't take U.S residents (Binance and many other obscure exchanges)
That changed today when Coinbase added BAND! With the increased liquidity and exposure, I ams sure people who are eagerly looking for the next LINK will not miss it.
[$ETH] Imagine not buying $ETH during COVID crash ?French/English below
Version Française
L'explosion de la Defi qui n'aura été qu'un grand test du réseau / testnet Medalla pour la transition dans les phases de PoS .
Comme dans chaque projet IT , avant de lancer la machine en prod, on fait des tests de perf, de compatibilité ... et de montée en charge !
La Defi aura été un des vecteurs d'adoption de la blockchain , le swap plus simple à l'utilisation qu'une plateforme d'échange "classique".
D'autres usages vont naître , le sharding et toutes les nouvelles composantes de staking vont instaurer de nouveaux modèles économiques et une scalabilité bien plus supérieure garantira l'expansion monumentale du réseau Ethereum 2.0
Les concurrents ne seront pas loin et feront cohabiter des écosystèmes plus larges , qui devront co-fonctionner ensemble: la gouvernance des Oracle aura pris un rôle prépondérant dans la gestion des multi-blockains.
Prenez le train pendant qu'il est encore temps, c'est un voyage de plusieurs mois , années !
NicoDonCrypto
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English Version
The explosion of the Defi which will have been only a great test of the network / testnet Medalla for the transition in the phases of PoS .
As in every IT project, before launching the machine in production, we make performance tests , compatibility, stress one with high volumetry of data !
The Defi will have been one of the vectors of adoption of the blockchain, the swap simpler to use than a "classic" exchange platform.
Other uses will be born, sharding and all the new staking components will introduce new economic models and a much higher scalability will guarantee the monumental expansion of the Ethereum 2.0 network.
Competitors won't not be far away and will create & develop large ecosystem to take the cake, but still they will cohabit all together at the end : Oracle governance will have taken a leading role in the management of multi-blockains.
Take the train while there is still time, it's a journey of months, years !
NicoDonCrypto
[$LINK] Link Marines is jumping out the boat ?FR/EN
Version Française
Bonjour à tous,
Aujourd'hui, coup de projecteur sur Chainlink ($Link)
Chainlink est un oracle qui fournit des données hors chaîne aux contrats intelligents (smarts contracts). C'est un réseau décentralisé qui relie les contrats intelligents aux données externes. Il vise à intégrer des données du monde réel dans la chaîne afin que les contrats intelligents puissent interagir avec des événements et des informations du monde réel qui existent en dehors de la chaîne.
Ces dernières semaines le cours butait sous la résistance des 5$ pour l'exploser et connaitre une hausse montre touchant les 9$
Le prix a corrigé et revient tester sa Tenkan Daily. Il faut suivre la cloture si le prix arrive à cloturer au dessus, nous sommes sur une continuité haussière, en revanche, si ce n'est pas le cas, nous entamerons un repli plus profond dans les jours à venir.
De même, le MACD nous a fait un bearish cross ...
Prudence pour tout ceux qui seraient interessés de rentrer en ce moment.
Ma vision est plutôt sur une baisse pour revenir tester des niveaux qui n'ont pas été validé dans cette montée.
Stay Safe, Trade Safe,
PEACE!
---
English Version
Good morning, everyone,
Today's spotlight on Chainlink ($Link)
Chainlink is an oracle that provides out-of-chain data to smarts contracts. It is a decentralized network that connects smarts contracts to external data. It aims to integrate real-world data into the chain so that smarts contracts can interact with real-world events and information that exist outside the chain.
In recent weeks the price has fallen under the resistance of the $5 to explode to a $9 rise.
The price corrected and returns to test his Tenkan Daily. We have to follow the closing if the price manages to close above, we are on a bullish continuity, on the other hand, if not, we will start a deeper pullback in the coming days.
Similarly, the MACD has given us a bearish cross ...
Caution for anyone interested in going home at this time.
My vision is rather on a decline to come back to test levels that have not been validated in this ascent.
Stay Safe, Trade Safe,
PEACE!
BAND with new ATH!! Watch the PAMP!BAND seems to be pushing hard following ChainLink and Tellor, a cheaper option in the oracle defi-space. I do expect it to retrace as it appears to be overbought looking at the RSI, but how far can it come down or will it keep going with those blue skies?
I have laddered in my buys on the way down starting at $3.50 down to $2.60 range, anything else is a bonus....I don't want to miss this train :)
DYOR not financial advice, please do leave your thoughts and comments :)
Oracle - ORACL Technical AnalysisIf both resistances 55 and 55.6 USD will be broken it can be seen as a buying signal otherwise prices will be moving inside the channel. In conclusion, wait before going long or short (if the resistance will not be broken)
Oracle — Shares of the technology company dropped as much as 5% in extended trading after the company released its fourth-quarter earnings. Oracle reported earnings of $1.20 per share excluding some items on revenue of $10.44 billion, while analysts estimated earnings of $1.15 per share on revenue of $10.65 billion, according to Refinitiv. “Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases,” Oracle CEO Safra Catz said in a statement.
Oracle - "go long"Technical Support - Channel Line
Target Price 55. Stochastic / RSI shows that it is oversold. (I would have expected higher volume)
Fundamental Support
Oracle will provide the Oracle Cloud Infrastructure to support ZOOM rapidly growing business.
Microsoft seems to go to the opposite direction of Oracle. I would expect that they will crossover again meaning that:
1. Microsoft will rise
2. Oracle will fall (this case goes against my previous considerations)
LONG - LINK - Trading OpportunityHas been showing some signs of accumulation as the RSI slowly keeps rising while the price stays in the same range, which is the previous consolidation point before it broke out and went crazy, honestly worth the risk, if not we'll go back in lower. A retake of the MA50 would be the ideal entry for this one.
Entry: 0.00033890
Target 1: 0.00037846
Target 2: 0.00042894
SL: 0.00031719
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$LINK Chainlink EW 5th? First idea!! CHAINLIKEHi there,
this is the first time publishing an idea for me on tradingview.
Im heavily invested in chainlink because of what the network and team are capable of.
Partnerships everywhere, vital to defi, staking not yet live which will push the price parabolic because of collateralization.
If you dont understand this dive into $LINK's tokenomics and read between the lines ;) You'll be satisfied.
Buying opportunity will come, one last time somewhere coming months after we went above $10 and likely retrace to $3-4 area.
Then the game is on and 2021 we will fucking fly.
Chart is more for fun.Though id be happy to receive some feedback about the use of EW since im not a huge TA trader.
Thanks and Cheers.
- The God Protocol
LONG - LINK - Trading OpportunityLINK has been slowly melting in a bullish flag pattern for the past few weeks, and as we can see the MA200 on the 4h chart is proving to be a big support, we believe that a break out may soon be coming as the RSI shows heavy accumulation.
Entry: 0.00031938
Target 1: 0.000366
Target 2: 0.0003940
SL: 0.00030598
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CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
LONG - LINK - Trading OpportunityBullish divergence on the 4h chart taking effect after a touch on the MA200, honestly looking really bullish with this rsi and the MA200 working as strong support, targeting previous highs with this one.
Entry: 0.00031600
Target 1: 0.00034999
Target 2: 0.00037112
Target 3: 0.00039403
SL: 0.00029875
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CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
LINKBTC: Watch This Range (23k - 29k Sats)As an update to the post below, this post outlines a trend LINKBTC has respected for almost a year.
Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum.
In the bullish case, a bet on macro trend continuation following a 40W mean reversion does seem somewhat logical, as previous 40W mean reversions resulted in a series of new ATH's in rapid succession.
In the bearish case, you can see price decline slowly like a popped bubble.
This is also a pivotal moment for FA, with Oracle announcing their Chainlinked startups on Tuesday. As long as the project maintains interest as it has been doing, I personally don't see Chainlink going away.
In the case of macro trend continuation, I'm will continue to see if my second idea linked below plays out.
Good luck!
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