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US-China biotech startup XtalPi lands $15M from Google, Tencent and Sequoia

Google continues to increase its presence in China after it joined Sequoia China and Tencent in a $15 million investment for XtalPi, a U.S.-China biotech firm that uses artificial intelligence and computing to accelerate the development of new drugs. The search giant remains blocked in China, but that hasn’t stopped it from making a series of moves in recent months. It is opening an… Read More

Altcoin Analysis, Stellar, Nem, Litecoin, Neo, Eos

Today, our altcoin analysis should be on Stellar Lumens inverted head and shoulder pattern and how buyers might be loading up their long positions. It’s all on maybes especially now we know that the trend is bearish right from the top. Anyhow, if it continues this way, the recovery might see buyers testing the main resistance trend line and that is what many want. We are all dying for a recovery. Encouragingly, Lumens is not alone. The same set up is visible in NEM, EOS, LTC and NEO. Is this a turn of new buy tide? Hope so, lets ee what the charts got for us. NEM SELLERS FAILS TO CONFIRM MINOR SUPPORT TREND LINE BREAK OUT XEMUSD 4HR Chart for January 24, 2018 Contrary to expectation, bears couldn’t follow through with yesterday’s minor break out. Against all odds, there was a slight appreciation as NEM buy pressure pushed prices back towards the minor break out trend line. What is interesting though is that all this developments did happen within the break out candle. This beckons more questions than answers in the coming sessions. Technically, we are in a bearish trend but momentum wise, buyers are likely to load up their longs. I this regard, we should be watching the reaction at the middle BB and $1.14 more so if NEM sellers fail to close below $0.83 today. ALTCOIN ANALYSIS STELLAR LUMENS INVERTED HEAD AND SHOULD PATTERN XLMUSD 4HR Chart for January 24, 2018 For more perspective, it won’t hurt if we analyse Lumens price action from two angles. First, we must admit that confirmation of an inverted head and shoulder pattern after yesterday’s prices bounce off $0.43 neck line and that is what buyers want to see. Now, relative to the secondary chart where we are seeing emergence of buy pressure, the questions we must ourselves is this: Will there be enough momentum for a close above the minor resistance trend line? From all indicators, if Lumens prices keep oscillating above 38.2% Fibonacci levels, then it is likely that a new trend is in the covers. NEO FINDING SUPPORT AT MIDDLE BB IN THE DAILY CHART NEOUSD 4HR Chart for January 24, 2018 Yesterday’s NEO prices did dip but the depreciation was $10 shy off the main support line at around $94. There is a double bar bear reversal pattern and the onus is upon bears to confirm that depreciation this week. In line with that expectation and buy pressure build up, two things can happen: Either, NEO buyers bounce off the middle BB-clear in the daily chart-with this current double bar bull reversal pattern at around the 78.6% acting as trampoline or sellers ease up and wait for better entries at the 38.2% marking $155. However, decisions to buy or sell will lie on price action. From my analysis, I will readily dismiss sells propositions if NEO prices trend above $155. LTC BUYERS LOADING UP POSITIONS LTCUSD 4HR Chart for January 24, 2018 If we paste a Fibonacci retracement tool between recent highs and Q4 2017 lows, LTC prices are dangling right at the 61.8% level. In our entry chart, it is clear that buyers are loading up their long positions. Evidently, there is a double bar reversal pattern and a buy stochastic signals complementing the potential move up. Of course, I will need confirmation. Nothing will be more pleasing than prices closing above $210 and the middle BB in the daily chart. If that happens, we can consider buying say at around $230. It will be timely because that is when prices are above the 50% retracement clear in the daily chart. EOS DOUBLE BAR REVERSAL PATTERN AT MAIN SUPPORT EOSUSD 4HR Chart for January 24, 2018 The reaction at $12 is encouraging and it after all, EOS buyers might end up maintaining the main buy trend. Remember, there is a double bar bullish reversal pattern right at main support. Because of this, EOS buyers should aim at last week’s highs of $15 in the coming sessions. All charts courtesy of Trading View The post Altcoin Analysis, Stellar, Nem, Litecoin, Neo, Eos appeared first on NewsBTC.

Ethereum Price Technical Analysis – ETH/USD is Still Bearish?

Key Highlights ETH price recovered a few points, but it faced strong sell offers near $985 against the US Dollar. Yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is struggling to move above the trend line resistance at $980 and is currently moving lower. Ethereum price faced a lot of sellers recently against the US Dollar and Bitcoin. ETH/USD needs to break the $980 and $985 resistance levels to gain upside momentum. Ethereum Price Resistance There was a short-term recovery initiated in ETH price from the $904 swing low against the US Dollar. The price traded above the $950 and $960 resistance levels, but it failed to retain the bullish momentum. There was a break above the 50% Fib retracement level of the last drop from the $1071 high to $896 low. However, the upside move faced a strong resistance at $1000-1005. A fresh downside wave was initiated from the $1009 high. ETH failed to move above the 61.8% Fib retracement level of the last drop from the $1071 high to $896 low, which is a negative sign. More importantly, yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD. The pair is currently moving lower and is trading below the $975 level. It seems like the trend line resistance at $980 may continue to act as a major hurdle for buyers. If buyers succeed in pushing the price above $980, there is a chance of further gains above $1005 in the near term. On the downsides, the $910 level is an initial support followed by the last low of $896. Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI – The RSI is currently struggling to move above the 50 level. Major Support Level – $910 Major Resistance Level – $980 Charts courtesy – SimpleFX The post Ethereum Price Technical Analysis – ETH/USD is Still Bearish? appeared first on NewsBTC.

Facebook appoints a new AI research head

Facebook has a new executive coming on to unify its research efforts in the field of artificial intelligence. Former IBM exec Jérôme Pesenti will be taking the lead at Facebook’s AI research (FAIR) arm, Quartz reports. Yann LeCun, who previously held the lead role, will be shifting to a more research-focused role where he will continue to drive the scientific agenda of FAIR in his… Read More