Pension funds could use AI to cut costs, increase returns, says report
Artificial intelligence is touted to provide a number of benefits to the management of pension funds, according to research from Mercer.
Artificial intelligence is touted to provide a number of benefits to the management of pension funds, according to research from Mercer.
Renowned crypto analyst Josh Olszewicz recently spotlighted an extremely bullish technical pattern for Solana (SOL) price, suggesting a potential significant uptrend for the cryptocurrency against the US dollar (SOL/USD). Olszewicz shared his analysis on X (formerly Twitter), commenting, “SOL iHS alert. Chart is the chart, love it or hate. Looks a helluva lot better than spot ETH that’s for sure.” Solana Poised For A 50%+ Rally? After reaching a peak of $260 in November 2021, the Solana price experienced a steep decline in value, plummeting to a low of $8 by the end of 2022. This decline mirrored the general downturn in the crypto market, which was further aggravated by the collapse of the crypto exchange FTX, with SOL being particularly affected. However, 2023 began with a positive twist for Solana. The price of SOL rebounded from its $8 low to almost $26 within the first half of January, setting the stage for the formation of an inverse head and shoulders (H&S) pattern. Related Reading: FTX Estate Stakes $122 Million Solana (SOL), Quells Fear Of Token Sell-Off This inverse H&S pattern, recognized as a typical bullish reversal signal, began taking shape in mid-January and extended through October 2023. By mid-March, the left shoulder was evident, with the head forming in early June, and the right shoulder becoming prominent in October. A significant feature of this pattern is the neckline resistance, identified at around the $25.81 mark. Solana’s price has already challenged this resistance multiple times, and a decisive breach above this threshold would serve as a strong indicator of a bullish trend reversal. Olszewicz, in his analysis, marked the stop loss (SL) for this trade idea just below the right shoulder, specifically around $19.30. Related Reading: Solana Outshines Bitcoin? A Dive Into Last Week’s Crypto Asset Inflows Using Fibonacci extensions, Olszewicz charted potential price trajectories for SOL, should it successfully surpass the $25.81 neckline. The targets are marked at the 1.618 ($33.85) and 2.0 ($38.82) Fibonacci levels. If these predictions hold, traders might be looking at potential profits ranging between 35% and 55% from the current price. VPVR Supports This Thesis For SOL Additional insights from the Volume Profile Visible Range (VPVR) reveal that the most substantial trading activity for SOL is clustered around the $14 to $15 bracket. Another volume cluster is situated between the $20.83 and $19.30 marks, aligning with Olszewicz’s stop loss placement. Another important takeaway is that should SOL break above the inverse H&S pattern’s neckline, there is a large volume gap up to the first price target at $33.85 where the 1.618 Fibonacci level is situated, suggesting this area is of significant interest and potential resistance. In conclusion, while the inverse H&S pattern’s emergence paints a super bullish picture for Solana’s price trajectory, it is essential to await a confirmed breakout above the $25.81 neckline, ideally supported by a substantial trading volume, before confirming the bullish projections laid out by Olszewicz. At press time, SOL rose above 200-day EMA and traded at $23.81. Featured image from Shutterstock, chart from TradingView.com
TrueCoin’s internal systems were not impacted or accessed, as the company confirmed that the attack was an isolated incident and limited to a third-party vendor.
I'm absolutely livid, and I can't keep quiet about this anymore. I need to vent about the unreasonable staking fees imposed by Kraken for Ethereum staking. It's beyond frustrating, and I hope you all share my sentiments. I've been using Kraken for a while now and have always appreciated its user-friendly interface and the…
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Explore fundamental concepts of smart contract development, beginning from the very basics of computer science to understanding the flow of writing smart contracts. https://www.blackslate.io/articles/exploring-solidity-the-language-behind-ethereum-smart-contracts submitted by /u/ram-foss [link] [comments]
submitted by /u/SnehGorasia [link] [comments]
Blockchain sleuths flagged a $14.9 million transfer of USDC coming from a wallet associated with Vitalik Buterin.
I received 0.09417 GoerliETH on Meta Mask and I sent it to my Binance ETH address to withdraw it. Did I fuck up and lose the money? I think it was worth $130 submitted by /u/Mysterious_Topic_733 [link] [comments]
submitted by /u/kirtash93 [link] [comments]
XRP price is attempting a fresh increase from $0.4730 against the US Dollar. The price could climb toward $0.5320 unless there is a downside break below $0.4880. XRP is struggling to gain pace above the $0.5065 resistance against the US dollar. The price is now trading below $0.500 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.4915 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $0.4880 support zone. XRP Price Eyes Recovery After a steady decline, XRP found support near the $0.4730 zone. The price started a recovery wave above the $0.480 level, like Bitcoin and Ethereum. There was a move above the $0.4880 resistance. The bulls pushed it above the 23.6% Fib retracement level of the main drop from the $0.5510 swing high to the $0.4730 low. Besides, there was a break above a major bearish trend line with resistance near $0.4915 on the 4-hour chart of the XRP/USD pair. However, the bears remained active above the $0.500 resistance zone. The price is now trading below $0.500 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.500 level. The first major resistance is near the $0.5065 level and the 100 simple moving average (4 hours) or the 50% Fib retracement level of the main drop from the $0.5510 swing high to the $0.4730 low. Source: XRPUSD on TradingView.com A close above the $0.5065 level could send the price toward the $0.521 resistance. A successful break above the $0.521 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.585 resistance. More Losses? If XRP fails to clear the $0.5065 resistance zone, it could continue to move down. Initial support on the downside is near the $0.488 zone. The next major support is at $0.4730. If there is a downside break and a close below the $0.4730 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.4320 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.488, $0.473, and $0.432. Major Resistance Levels – $0.5065, $0.5210, and $0.550.