OpenAI announced that it may release the ChatGPT board search engine on May 9. Unlike other crypto sectors, the AI sector has a high correlation with the market behavior of U.S. technology companies. The most obvious ones are OpenAI and WLD. WLD, as a global token issued by Sam, OpenAI CEO, is regarded by many traders as the embodiment of OpenAI's value. This is why WLD drove the entire AI sector higher over the past week.
During the decline, WLD almost halved. It has entered a narrow range since mid-April. Although it has not broken away from the bearish trend at the daily level, powerful bulls have appeared at the 1h level.
We can clearly see that the TSB indicator prompted a BUY signal on May 2, and then the bullish trend began. In the process of rising, after touching the wavy area many times, the bulls strengthened and continued to rise. WLD currently maintains a healthy bullish trend and is gradually approaching its 15-day high.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
During the decline, WLD almost halved. It has entered a narrow range since mid-April. Although it has not broken away from the bearish trend at the daily level, powerful bulls have appeared at the 1h level.
We can clearly see that the TSB indicator prompted a BUY signal on May 2, and then the bullish trend began. In the process of rising, after touching the wavy area many times, the bulls strengthened and continued to rise. WLD currently maintains a healthy bullish trend and is gradually approaching its 15-day high.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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