Mystery 666 BTC Transfer Leads to Half Billion Bitcoin Puzzle
U.Today - While the crypto market continues to wipe out deposits on a large scale and liquidate overly greedy and late traders, large-scale cryptocurrency transfers involving...
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DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off
U.Today - Billy Markus, founder of Dogecoin (DOGE) known on social media as Shibetoshi Nakamoto, dropped a cryptic post on X. The post reflects his reaction to the rapid decline...
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Bitcoin Comeback? Ex-Binance CEO CZ Teases New All-Time High
U.Today - Looking at the current situation on the cryptocurrency market, one can wonder how everything was "blooming and smelling" three days ago. Back then, Bitcoin (BTC) was...
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Homes Are Changing Hands at Historically Low Rates. Here’s Why
Key Takeaways Just 25 of every 1,000 homes in the U.S. were sold in the …
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John Kerry Labels 1st Amendment ‘Major Block’ to Curbing ‘Disinformation’
The Biden administration’s “climate envoy” John Kerry took heat recently for his comments about the …
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Ready to Rumble?
Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump, which has caused an internet storm about this very topic, let's analyse Rumble to see if it's a worthy trade. The technicals suggest a megaphone pattern, which has higher probability of breaking to the upside. We remain below weekly moving averages but the compression suggests we could get a bullish move above this resistance and attempt to break the descending wedge pattern. There is not a lot of historical data on the chart but one can deduce the short term trend is bullish but we must remain cautious due to the larger time frame downtrend. Fundamentals Analysis The company went public in September 2022. Since then, Rumble has seen fluctuating stock performance with growth tied to political events and figures like JD Vance, who are vocal about censorship issues. Its growth projections are optimistic, supported by revenue initiatives like the Rumble Ad Center and new features such as livestreaming, which are expected to drive sequential revenue growth. However, Rumble's revenue figures have sometimes fallen short of analyst expectations, indicating ongoing monetization challenges. Rumble has gained support from figures like JD Vance, who has been outspoken about censorship issues. Vance's endorsement bolsters Rumble's position as a platform for free speech, appealing to those critical of mainstream tech censorship. Vance, as a political figure central to discussions around censorship, indirectly lends credibility and visibility to Rumble, potentially encouraging other users who are seeking a less regulated platform to join. This aligns with Rumble's unique market positioning and could fuel further growth, especially in a contentious election period. Conclusion The technicals indicate a recent uptrend may continue. My only concern would be the earnings report, growth hasn’t been the best of late so it may take a little while longer for their narrative to play out. But it’s a very pertinent narrative in the current political debate. Combined with Rumble's rising user base and expanding content the platform's relevance in the current political landscape, suggesting a bullish outlook for user and revenue growth over the next few quarters. If this topic becomes a hot topic and YouTube are put under pressure, we could get some bullish momentum behind this stock. Not financial advise.
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O.XYZ Launches OSOL100 AI Index – The S&P 100 of Solana’s AI Ecosystem
Lahore, Pakistan, December 20th, 2024, Chainwire O.XYZ, the leading decentralized Super AI project, announces the launch of OSOL100, a first-of-its-kind AI index token designed to...
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Scammers use memecoin ‘trending’ list to lure victims — Researcher
Scammers are using a “trending” list on memecoin analytics site GMGN to lure in unsuspecting …
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WhiteBIT’s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024
Vilnius, Lithuania, December 20th, 2024, Chainwire Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable achievements. The latest estimates...
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12/11/24- Here is a new BUY breakout chosen by a completely mech
12/11/24- Here is a new BUY breakout chosen by a completely mechanical trading system: Stop Loss @ 118.00 Entry BUY @ 126.70 Target Profit @ 140.24
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Solana Price (SOL) Holds Crucial Support Level: Is the Rally Still Alive?
Solana is holding gains above the $150 resistance zone. SOL price is consolidating and might …
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Iran’s response to Israel is a choice between revenge and survival
Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in …
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U.S. Voters More Serious About Demanding Candidates With Know-How
The latest look, conducted by Harris Poll and paid for by crypto firm Grayscale, shows …
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Bitcoin ETFs Witness Largest Outflow in History
U.Today - There has been a major change in the cryptocurrency world as Bitcoin ETFs have had their biggest net outflow since they were created, with a total of $671.9 million. This...
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Lucid Group’s Epic Comeback: A Journey Back to Glory?
Lucid Group (LCID) has experienced a steep decline since its historic peak on 15th November 2021, when it reached approximately $57 per share. The downtrend, spanning over two years, is best interpreted as a classic ABC corrective structure based on Elliott Wave Theory. However, recent technical signals suggest this prolonged bearish phase may have concluded with the low of $1.93. Elliott Wave Analysis of Lucid Group The ABC correction highlights a significant retracement, with the C-wave marking the final stage of this bearish structure. The $1.93 low could represent the termination of Wave C, potentially setting the stage for a robust recovery. If this analysis holds, Lucid Group could be poised for a sharp reversal, with an initial target of $13 and a long-term potential to reclaim $60. Fibonacci and Confluence Zones From a technical perspective, the $1.93 level aligns with key Fibonacci extensions, reinforcing its validity as a critical support. This confluence supports the idea that the correction is complete, paving the way for an impulsive upward move. Fundamental Outlook While the technical setup is promising, Lucid’s fundamentals will also play a crucial role in its recovery. As a leading electric vehicle (EV) manufacturer, Lucid is well-positioned in a burgeoning market. Its innovative designs and expanding global footprint make it a company to watch as the EV sector continues to grow. Risk Management and Key Levels Despite the bullish outlook, risk management remains vital. If the $1.93 level is breached, it would invalidate this scenario, signalling further downside risk. For now, this serves as the critical stop-loss level for any bullish positions. Final Thoughts Lucid Group is at a critical juncture. After a prolonged corrective phase, the stock appears ready to rebound, with technical indicators pointing to significant upside potential. Targets of $13 in the short term and $60 in the long term provide compelling opportunities for investors. For traders looking to capitalise on Lucid’s recovery, close attention to key support and resistance levels will be essential. The EV giant may just be gearing up for an electrifying comeback.
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